South Korea Says Overseas Crypto Perpetual Tax Treatment Is Undecided

South Korea’s Ministry of Economy and Finance (MOEF) said it has not decided whether products traded on overseas virtual asset exchanges will be taxed or what tax method would apply, rejecting a claim that their treatment had been settled.

The dispute involved perpetual contracts tied to U.S. stocks. The rejected claim described them as overseas stock derivatives subject to capital gains tax. The ministry said the tax treatment of products traded on overseas virtual asset exchanges remains undecided.