South Korea
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Government to Introduce 3-Year Loss Carry-Forward Deduction for Digital Asset Investment Losses
- Digital asset taxation is set to begin in 2029 in South Korea.
- Investment losses incurred after taxation starts could be carried forward and deducted from gains for up to 3 years.
- The policy is intended to account for the high price volatility of digital assets so that taxation more reasonably reflects actual investment gains and losses.