{"id":139282,"date":"2024-10-10T16:00:25","date_gmt":"2024-10-10T13:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139282"},"modified":"2024-10-10T13:43:34","modified_gmt":"2024-10-10T10:43:34","slug":"south-korean-divorces-now-include-cryptocurrency-in-asset-splits","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/south-korean-divorces-now-include-cryptocurrency-in-asset-splits\/","title":{"rendered":"South Korean Divorces Now Include Cryptocurrency in Asset Splits"},"content":{"rendered":"

IPG Legal, a South Korean law firm, clarified<\/a><\/strong> that under local law, both tangible and intangible assets, such as cryptocurrencies, can be divided during divorce. Citing Article 839-2 of the Korean Civil Act, the firm explained that any wealth accumulated during the marriage, including digital assets, falls within the scope of marital property.<\/p>\n

The 2018 Supreme Court ruling in South Korea classified cryptocurrency as property, giving it value as an intangible asset.<\/p>\n

This means that cryptocurrencies acquired during the marriage can be divided, and if one spouse is aware of the other\u2019s crypto holdings, a court-ordered investigation can be launched to determine their value. Tracking digital assets is often simpler than traditional financial assets due to blockchain technology\u2019s transparency, which records all transactions permanently. Forensic tools, along with bank records, also help uncover hidden crypto assets.<\/p>\n