South Korea plans to impose an 11% capital gains tax on profits from perpetual futures contracts on

South Korea's tax authority will classify US stock-linked perpetual futures traded on overseas crypto exchanges as foreign equity derivatives and tax gains at 11% starting in 2027, half the 22% rate applied to direct US stock investments, according to Maeil Business Newspaper. The rule covers perpetual contracts tied to stocks like Nvidia, Apple, and Tesla offered by offshore venues such as Binance. Investors receive an annual basic deduction of 2.5 million won, with gains above that threshold taxed at 11% and self-reported. The move targets a fast-growing channel for leveraged US equity exposure routed through crypto platforms, closing a gap between onshore and offshore tax treatment. Watch for implementation guidance from Korean regulators and whether exchanges adjust product offerings or disclosure for Korean users ahead of the 2027 effective date.