Court Introduces Fast-track Program for Liability Exemption of Vulnerable People

SEOUL, Oct. 28 (Korea Bizwire) — South Korea will introduce a fast-track liability exemption program for the economically-vulnerable class, enabling the bankruptcy procedure to be completed instantly as soon as the court approves the discharge. The Seoul Bankruptcy Court, together with the state-run Credit Counseling and Recovery Service, announced on Thursday that it will implement [...]