South Korea's tax agency is building a system to track virtual asset transactions. It has a bud

Korea to Build AI-Powered Crypto Tax Tracking System—30 Billion Won Budget, 2027 Launch

South Korea is getting serious about crypto taxes. The National Tax Service just announced it will build a dedicated tracking system for cryptocurrency investment profits, ahead of the January 2027 tax rollout. Budget? 3 billion won (~$202 million).

The "Virtual Asset Transaction Analysis Integrated System" is now out for tender. Winner picked this month. Design starts in April, testing follows, trial run in November—live by year-end.

From 2027, the system will suck in individual transaction data, scan for tax evasion, and flag hidden income. AI and machine learning will hunt for abnormal patterns. Data and suspect lists will be shared with Customs, Statistics Korea, and the Bank of Korea.

The tax itself: annual crypto gains above 2.5 million won get hit with 22% (20% income tax + 2% local). Korea is building the infrastructure before the law even kicks in.