South Korea
Digital Asset
Government: Crypto loss carryforward deduction applies for 3 years; pre-2029 transactions to use deemed acquisition price
- The loss carryforward deduction itself is permanent; only the carryforward window for any single loss is capped at 3 years.
- Example given: a loss incurred in 2029 could be deducted against gains realized in 2030-2032.
- For crypto transactions executed before the 2029 taxation start date, a deemed (presumed) acquisition price will be applied when calculating taxable gains.