It's been a long time coming but it looks like they're finally here. Crypto taxes in South Korea.
Took them long enough. Honestly they don't look that bad. it's better than the capital gains threat that was being thrown around for a while.
20% on gains, minimum threshold is $2k/year, filed under income tax, starting October 2021.
https://thenews.asia/korean-crypto-tax-amendment-sent-for-review/I am surprised right after I have read the topic and then a conclusion comes to my mind. That was , " Maybe thats one way of Korea to help bring back their economy ". Maybe more people turn to crypto during this pandemic to have an income. But another thing comes to my mind, other countries may do the same thing.