Stocks investors would only pay taxes for gains over KRW 50 million (US$42,450), whereas crypto investors would have to start paying when they reach $2,122 in capital gains, Kim said. In addition, investors could carry over stock losses for five years but could not carry over crypto losses at all. On top of that, the virtual assets tax was set to come into effect a year ahead of the stock gains tax, according to the KBA director.
