• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, July 9, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News

South Korea Allows Division of Cryptocurrency in Divorce Cases — Legal Experts

10 October 2024
in News, Regulation
Reading Time: 3 mins read
105 3
source: btcc.com

source: btcc.com

IPG Legal, a South Korean law firm specializing in the country’s legal system, has stated that married couples in South Korea can now include cryptocurrency holdings in dividing assets during divorce proceedings.

The firm clarified how cryptocurrencies are treated as part of marital assets in divorce cases. Addressing common client inquiries, the firm explained that South Korean law allows for the division of both tangible and intangible assets, including digital currencies, during a divorce.

“Under Article 839-2 of the Korean Civil Act, either spouse may request a division of marital assets accumulated during the marriage upon the divorce in Korea,”

the firm noted.

They referenced a 2018 ruling by South Korea’s Supreme Court, which established that cryptocurrency and virtual assets qualify as property and recognize their economic value as intangible assets.

According to the firm, any cryptocurrencies acquired during the marriage can be classified as part of the marital estate in South Korea. The firm further noted that spouses aware of their partner’s crypto exchange wallets can request the courts conduct a “fact-finding investigation” to determine the value of these assets.

The firm explained that tracking cryptocurrency investments is generally more straightforward than traditional cash transactions. Blockchain technology preserves all transactions immutably, preventing any external alteration or deletion of entries.

Additionally, the firm highlighted that bank withdrawal records and other forensic methods can help uncover undisclosed sources of cryptocurrency holdings.

Partners can liquidate the cryptocurrency holdings before dividing them or distribute the tokens directly.

According to a recent Social Capital Markets (SCM) study, South Korea is quickly becoming a cryptocurrency hub. The report ranked the country third globally with a score of 73.5, based on five key parameters: clarity of laws, capital gains tax rate, corporate income tax rate, the number of registered crypto companies, and the prevalence of businesses accepting crypto. With over 376 active crypto firms, South Korea plays a significant role in the global crypto industry. The study noted that the country’s newly implemented regulatory framework and ongoing support for blockchain innovation further solidified its position as a leading hub.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptoIPG LegalSouth Korea
Share63Tweet39Share11
Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

Related Posts

source: japantimes.co.jp
Business

SBI Group Launches Japan’s First Credit Card Rewards Program Redeemable for XRP, Bitcoin, and Ethereum

8 July 2025
source: ainvest.com
Crypto

Crypto Investment Funds Hit New High with $188 Billion Assets Amid $1 Billion Weekly Inflows

8 July 2025
source: coindoo.com
Crypto ETFs

Fidelity’s Solana ETF Faces Further Delay as SEC Opens Public Comment Period

8 July 2025
coinpedia.jpeg
Crypto

Hong Kong Crypto Stocks Surge Ahead of Stablecoin Licensing Rollout, Signaling New Era for Digital Finance

8 July 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

12 hours ago

Is Ethereum Losing the Yield Battle?

13 hours ago

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

13 hours ago

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

4 days ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

4 days ago

VC Funding in Web3: Where the Money Is Going Post-2024 Bear Cycle

4 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan as CEO to Launch the First Finger Vein Biometric Wallet

bychainwire
8 July 2025
0

GUNZ Announces $GUN Token Expansion to Solana

bychainwire
7 July 2025
0

NEXST Launches Web3 VR Entertainment Platform with K-Pop Group UNIS as First Global Partner

bychainwire
7 July 2025
0

The Open Platform is first unicorn in Web3 ecosystem in Telegram at $1bn valuation

bychainwire
3 July 2025
0

Cooking.City Bringing Back Value Redistribution to Solana Fair Launches

bychainwire
3 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00