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South Korea
Explore the South Korea's Crypto-Asset Reporting Framework details, which outline important reporting requirements, due diligence deadlines, and penalties for non-compliance, effective from January 2026.
Based on OECD guidance and country-level implementation. Last updated April 2026
South Korea
Asia ⋅ OECD Member ⋅ Fully Adopted and Final Rules
new account self-certification collection start on
1 January 2026
first reportable year
2026
FIRST filing DEADLINE
30 April 2027
REGISTRATION DEADLINE
31 December 2026
Jurisdiction Overview
Reporting Scope
Reportable Customer Population
☒ Domestic Resident
☑ Non-Resident
Due Diligence Standards
Self-Cert Collection - New Accounts
Must be obtained upon establishing the relationship
Self-Cert Collection - Pre-existing Accounts
Must be collected by 31 December 2026
Record Retention Period
6 years
Local Information Collection and Reporting Requirements
Subject to reasonableness standard (cross check with AML/KYC) and TIN format verification.
Penalty Framework
Administrative Fines are mentioned in the guidance, but are not specified by amount. Further guidance is expected.
Jurisdiction Selector
See how CARF implementation varies across jurisdictions
Get in Touch
Service providers who are likely in scope of the CARF reporting requirements are invited to get in touch with Taxbit for further information.
Disclaimer: Please note that this webpage is provided for informational purposes only. While Taxbit will update this site periodically, certain information may no longer be accurate or current at the moment of viewing.