South Korea's 2027 crypto tax rules: Crypto-to-crypto trades to be taxable

Starting January 1, 2027, South Korea's crypto tax regime will apply to crypto-to-crypto exchanges, such as converting Bitcoin to Tether, even without fiat withdrawals. According to BlockMedia researcher Jung Yoon-jae, the tax structure includes a 22% rate on net annual profits exceeding a 2.5 million KRW deduction. The rules cover various activities including staking, airdrops, DeFi, and overseas exchange usage, though specific guidelines for these are pending from the National Tax Service. Taxpayers are advised to maintain records of transaction history, acquisition costs, and wallet transfers, as current laws do not allow for loss carryforwards.