South Korea plans to levy an 11% capital gains tax on gains from US stock perpetual contracts starting in 2027.

on November 2, according to Korea's Maeil Business Newspaper, South Korean tax authorities have decided to classify US stock-linked perpetual contracts traded on overseas cryptocurrency exchanges as overseas equity derivatives, imposing an 11% capital gains tax on related investment income starting in 2027, which is half the 22% rate applied to direct US stock investments.

The new regulations apply to US stock-linked perpetual contracts offered by overseas exchanges such as Binance, covering those linked to Nvidia, Apple, and Tesla. Investors are entitled to an annual basic exemption of 2.5 million KRW, with amounts exceeding this threshold taxed at 11%, and must self-report their trading gains.