#韩国延迟加密税请愿破5万签名
South Korea’s Crypto Tax “Delay Campaign” Enters Combat Arena: The Cold Reality Behind 50,000 Signatures
Korean citizens’ petition has broken through the 50,000 threshold, calling for the virtual asset gains tax to be extended by another two years, to 2029. This standoff is not just a war of words between retail investors and the Ministry of Finance—it also exposes the collective anxiety of a tax system in the digital age that has fallen behind the market.
In terms of the framework, South Korea’s current plan levies a 22% “other income” tax on gains exceeding 2.5 million KRW. Opponents’ concerns are precise and damaging: local exchanges have seen a sharp drop in operating profits; many retail investors are still struggling amid a flood of reality that follows their beliefs; and the arrangements for basic deductions and netting profits and losses across exchanges are rough. If implemented hastily, the outcome is often not a windfall for the treasury, but rather capital fleeing in large volumes to regulatory gray areas.
However, the government’s stance is unyielding. Under pressure to maintain fiscal discipline and find new revenue sources, “if there is income, it is taxable” is seen as the prevailing form of justice. While a standing congressional committee must officially take up the bill due to the 50,000 signatures, overturning or postponing the policy in substance still depends on the decisive threshold set by the governing party’s policy direction.
For people in the crypto world, this campaign is more like a political signal: a joint self-rescue by both large holders and retail investors on the eve of a frog-in-boiling-water. With the countdown to implementation in 2027 underway, the South Korean government is walking a tightrope between “collecting tax revenue” and “retaining talent capital.” If regulation always only knows how to recycle old playbooks from stock trading, the crypto market’s speed of voting with its feet will be far faster than any congressional vote.
South Korea’s Crypto Tax “Delay Campaign” Enters Combat Arena: The Cold Reality Behind 50,000 Signatures
Korean citizens’ petition has broken through the 50,000 threshold, calling for the virtual asset gains tax to be extended by another two years, to 2029. This standoff is not just a war of words between retail investors and the Ministry of Finance—it also exposes the collective anxiety of a tax system in the digital age that has fallen behind the market.
In terms of the framework, South Korea’s current plan levies a 22% “other income” tax on gains exceeding 2.5 million KRW. Opponents’ concerns are precise and damaging: local exchanges have seen a sharp drop in operating profits; many retail investors are still struggling amid a flood of reality that follows their beliefs; and the arrangements for basic deductions and netting profits and losses across exchanges are rough. If implemented hastily, the outcome is often not a windfall for the treasury, but rather capital fleeing in large volumes to regulatory gray areas.
However, the government’s stance is unyielding. Under pressure to maintain fiscal discipline and find new revenue sources, “if there is income, it is taxable” is seen as the prevailing form of justice. While a standing congressional committee must officially take up the bill due to the 50,000 signatures, overturning or postponing the policy in substance still depends on the decisive threshold set by the governing party’s policy direction.
For people in the crypto world, this campaign is more like a political signal: a joint self-rescue by both large holders and retail investors on the eve of a frog-in-boiling-water. With the countdown to implementation in 2027 underway, the South Korean government is walking a tightrope between “collecting tax revenue” and “retaining talent capital.” If regulation always only knows how to recycle old playbooks from stock trading, the crypto market’s speed of voting with its feet will be far faster than any congressional vote.
