Korean Debt Collection Archives

A party attempting to collect on a debt or potential liability based on breach of contract or torts in Korea may obtain a Provisional Attachment of an Asset. Another useful tool to expedite proceeding in a Korean civil matter is to Obtain a Payment Order from a Korean Court. A provisional attachment is considered provisional, since the attachment is executed prior to the final judgement. The, facial, purpose of a provisional attachment is to secure assets necessary for enforcement in cases where

We receive many emails concerning our Korean debt collection services and this answer is an answer that I give for most debt collection matters, in Korea, involving debts with debtors that appear solvent. 1. Obtain a Payment Order and send a Demand Letter (지급명령) A Payment Order Complaint is filed to the court in Korea and this complaint, if accepted by the Korean court, is served on the debtor-defendant. If the complaint is not answered in 14 days by the