South Korea’s ruling party puts its 2027 crypto tax back on the table Democratic Party leader Kim Min-seok (@ms2030) said Thursday that the party must decide this year whether to proceed with the crypto tax set to take effect on January 1, 2027. The tax was passed into law in 2020 but has never been collected after three delays. It would take 22% of yearly crypto gains above 2.5 million won (about $1,900). Kim said the plan still stands for now, but the party will weigh market conditions, young investors’ views, and whether the tax system is ready. The opposition People Power Party backs a delay, while Democratic lawmaker Yoon Hu-duk argued against another one. A final call is expected during November’s tax law talks.