The government of South Korea put off taxes on crypto earnings to 2025, according to the 2022 tax reform plan.
The government plan to tax 20% crypto profits over KRW 2.5 million (US$1,900) in a one-year period, wasn't changed. Authorities said that the decision was made taking into account current market conditions and the time necessary for the preparation of investor protection measures.
In March 2022, South Korea elected a new president, Yoon Suk Yeol. He announced supporting crypto and having plans for implying industry-friendly stances.