AdvertisementAdvertisementBusiness05 Nov 2026 03:02PM (Updated: 05 Nov 2026 03:04PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST SEOUL, Nov 5 : South Korea plans to introduce taxes on digital assets in 2029, two years later than previously envisaged, the finance ministry said on Thursday.• The government will consult parliament on postponing taxes on digital assets by two years and prepare tax systems to introduce them in 2029, the ministry said in a statement.• The delay reflected the fact that information exchanges with the US on virtual assets would start in 2029. Introducing taxes next year as previously planned could disadvantage the domestic market versus global markets, the ministry said.• South Korea is working on enacting legislation on digital assets that could significantly change the market environment in coming years, the ministry said.Show MoreShow Less• Over the next two years, the government will prepare measures to impose taxes on overseas trading of digital assets, while considering the sector's high volatility, investor protection and how to support industry growth.• The government plans to submit legislative amendments to parliament in 2027 and disclose details to investors on specific tax codes in the first half of 2028.($1 = 1,341.4900 won)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST