South Korea confirms 22% crypto tax for 2027 as trading volume plunges 55%

RegulationDigital Finance
โดย BeInCrypto·Read original
Summary · why it matters

South Korea confirmed a 22% tax on crypto gains starting in 2027, just as combined trading volume across its five main exchanges collapsed nearly 55% during the first half of the year. Deputy Prime Minister and Finance Minister Koo Yun-cheol announced the schedule on July 29, with annual gains above 2.5 million won facing a 20% national tax and a local levy raising the combined rate to 22%. The five exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—generated roughly $366.58 billion in combined volume in the first six months, a 54.6% drop from the same period in 2025. Opposition lawmaker Kim Sang-hoon criticized the inability to offset losses against later gains, warning activity could migrate offshore, while a separate bill seeks to remove crypto income from the tax law entirely. Market concentration intensified as Upbit’s share rose to 67.4% even as its volume fell, while smaller exchanges explore partnerships and restructuring.

Impact on stocks 0

Theme Impact 1

Off-coverage companies 5

BithumbPrivate▼ Negative
Regulationrelevance

Tax on crypto gains may reduce trading activity, and Bithumb's volume fell as part of the 55% drop.

CoinonePrivate▼ Negative
Regulationrelevance

Coinone's trading volume fell, and tax may further dampen activity.

GopaxPrivate▼ Negative
Regulationrelevance

Gopax's volume dropped, and tax could push activity offshore.

KorbitPrivate▼ Negative
Regulationrelevance

Korbit's volume declined amid the market slump and new tax.

Dunamu Inc.Private▼ Negative
Regulationrelevance

Dunamu, operator of Upbit, faces reduced trading volume and regulatory tax impact.

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