South Korea to Implement 22% Tax on Crypto Income Above 2.5 Million Won

South Korea has announced plans to impose a 22% tax on income from crypto assets exceeding 2.5 million won, effective January 1 next year. According to NS3.AI, the National Tax Service is in the process of preparing a notice, which is anticipated to be published and enter legislative preview shortly. This policy is expected to impact approximately 13.26 million investors.