Overview
- The National Tax Service has issued a Public Procurement Service tender for a "Comprehensive System for Virtual Asset Transaction Analysis" worth about ₩3 billion, with a contractor expected to be selected this month.
- Design is slated to begin in April 2026, a pilot is targeted for November 2026, and full deployment is planned for late 2026 to support a 22% tax on annual crypto profits above ₩2.5 million from January 1, 2027.
- The AI-driven "Virtual Asset Integrated Analysis System" is designed to process roughly 8 billion transactions a year by aggregating exchange, wallet, and tax data to detect evasion, trace cross-platform flows, link addresses to identities, and flag market manipulation.
- Under the OECD’s Crypto-Asset Reporting Framework, overseas exchanges in participating jurisdictions began mandatory data collection on January 1, 2026, with the first international data exchange scheduled for September 2027.
- Parallel measures include proposed caps limiting major shareholders of domestic exchanges to 20% with limited 34% exceptions and multi-year restructuring, while confidence has been dented by an NTS seed-phrase leak that enabled a $4.4–$5.2 million theft.