South Korean courts will implement new guidelines in personal restructuring cases to reduce or exclude debts incurred from stock or cryptocurrency investments from liquidation. This measure aims to lower the repayment amounts for debtors undergoing restructuring. Newly established courts in Daejeon, Daegu, and Gwangju will handle these cases alongside existing courts in Seoul, Suwon, and Busan. The initiative seeks to alleviate the growing pressure of household debt.
South Korean Courts to Reduce Crypto Investment Debts in Restructuring Cases
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