Korea, in March 2017, established the Seoul Bankruptcy Court. The Seoul Bankruptcy Court replaces the Seoul Central District Court’s Bankruptcy Division. The establishment of the Seoul Bankruptcy Court is welcome news for most Seoul-based practitioners. Seoul Bankruptcy Court The Seoul Bankruptcy Court is the first separate bankruptcy court in Korea. The Seoul Bankruptcy Court was established because of a drastic increase in bankruptcy/insolvency filings over the last few years and a perceived need to have more efficient handling of bankruptcy
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