South Korean petition to delay crypto tax reaches 50,000 signatures

A petition to delay the implementation of South Korea's crypto income tax by two years has surpassed the 50,000-signature threshold, triggering a formal review by the National Assembly. Despite the public pushback, government officials, including the nominee for Minister of Economy and Finance, have reaffirmed that the 22% tax on crypto gains exceeding 2.5 million KRW will proceed as scheduled on January 1, 2027.