The Korean courts will apply new guidelines in individual rehabilitation cases, reducing or excluding certain debts arising from stock or cryptocurrency investments from the bankruptcy estate to lower the debtor’s repayment amount during the rehabilitation process. The three newly established rehabilitation courts in Daejeon, Daegu, and Gwangju will handle such cases alongside the relevant courts in Seoul, Suwon, and Busan. This move aims to alleviate the rising household debt pressure. (DL News)

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