{"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":"<p>IPG Legal, a South Korean law firm, <strong><a href=\"https:\/\/www.thekoreanlawblog.com\/2024\/10\/korean-divorce-cryptocurrency-asset-division.html\" target=\"_blank\" rel=\"nofollow\">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<p>The 2018 Supreme Court ruling in South Korea classified cryptocurrency as property, giving it value as an intangible asset.<\/p>\n<p>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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/here-is-when-we-can-expect-bitcoin-etf-options\/\" title=\"Here is When We Can Expect Bitcoin ETF Options\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/btc-3-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here is When We Can Expect Bitcoin ETF Options<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>In some cases, like a recent divorce in New York, investigators were able to trace hidden Bitcoin holdings after one partner discovered that their spouse had failed to disclose 12 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong>, valued at approximately $500,000, in an undeclared crypto wallet.<\/p>\n<p>With the growing integration of cryptocurrency in global finance, digital assets are becoming more common in divorce settlements worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In South Korea, divorcing couples can now split cryptocurrency holdings as part of their asset division, a law firm specializing in the country\u2019s legal matters has confirmed.<\/p>\n","protected":false},"author":3,"featured_media":139283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[72],"class_list":["post-139282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korean Divorces Now Include Cryptocurrency in Asset Splits<\/title>\n<meta name=\"description\" content=\"In South Korea, divorcing couples can now split cryptocurrency holdings as part of their asset division, a law firm specializing in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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