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.
If you think 20% on capital gains is not that bad then you will understand when you are trading huge number of coins, i think people will overcome these restrictions and hopefully bitcoin can be used as it is intended. I am not from the country but i would not want to pay this much and if i was living in Korea i would find other ways and i will be happy to pay the tax but it should be a fair deal.