Hyeonsu “Elliot” Jin
MP elliot@decentlaw.ioElliot served as a corporate lawyer at Pyeongan Lawfirm and as in-house counsel for Chai Corporation, providing diverse corporate advisory services.
- Corporate · Startups
- Cross-border · Dispute Resolution
- Crypto
- VC · Financial Advisory
- IP Litigation
- Sports
Related News
-
BlogsEssential Steps If You Are Facing a Police Investigation for Drug Courier Charges
Your Initial Response Determines Your Future “We’d like you to come in as a witness for a brief statement.” These words from the police are never just a formality in drug-related cases. In the realm of narcotics investigations, a "witness interview" is often the final bridge before officially designating someone as a suspect. 1. The Reality of Being Contacted as a 'Drug Courier' If the police have reached out to you, it likely means you have already been identified through digital forensics, bank statements, or delivery invoices. The Turning Point: A single statement during your interview can instantly flip your status from a witness to a suspect. The Trap of 'Willful Blindness': Simply claiming "I didn't know" is rarely enough. Authorities will aggressively look for evidence of mens rea (criminal intent)—the idea that you should have suspected something was illegal. Risk of Emergency Arrest: While strictly regulated, if contradictions are found in your initial statement or if there is a perceived risk of destroying evidence, you could face an emergency arrest on the spot. 2. Why You Must Never Attend an Interview Alone Drug crimes carry significantly higher penalties than general criminal cases. Even for first-time offenders, the likelihood of imprisonment is high. Severe Penalties: Narcotics Control Act (Article 60): Transporting psychotropic drugs can lead to up to 10 years in prison or a fine of up to 100 million KRW. Act on Aggravated Punishment, etc. of Specific Crimes (Article 11): If the act was committed for profit, the penalty increases to life imprisonment or a minimum of 5 years. Admissibility of Statements: Phrases like "I don't recall clearly" are often documented as an "attempt to conceal the crime," becoming powerful evidence for conviction in court. The Danger of Accomplice Testimony: Narcotics rings often shift the blame onto couriers to protect higher-ups. Without a lawyer, it is nearly impossible to challenge the credibility of these conflicting testimonies. 3. [Checklist] 5 Things to Organize Before Your Interview Before stepping into a police station, you must review the facts based on objective evidence (messages, call logs, etc.): Category Key Details Contact Origin When, who, and via which platform (KakaoTalk, Telegram, etc.) contacted you? Task Description Specifically, what were you instructed to receive, deliver, or transfer? Compensation Did you receive a fee, cryptocurrency, or cash? How much was the total? Awareness of Content What were you told was inside the package? What did you honestly believe it was? Chronological Actions Have you mapped out your physical movements in order of time? 4. Immediate Actions to Take Deleting evidence or avoiding contact is the worst decision you can make. You must consult an expert attorney immediately to: Legal Diagnosis: Determine your current status and the actual risk of arrest. Statement Strategy: Design the most favorable scenario—whether to confess, deny, or partially admit. Exercising Rights: Strategically use your Right to Remain Silent to block unfavorable questioning. Counsel Attendance: Your lawyer will accompany you to the interview to prevent coercive questioning and review the official records in real-time. 5. Decent Law Firm’s Criminal Defense System In drug cases, speed and expertise are everything. Decent Law Firm operates a dedicated defense system to protect our clients' lives. In-depth Fact Analysis: We review all digital records before the interview to anticipate the prosecution’s strategy. Blocking Illegally Obtained Evidence: We aggressively challenge any procedural violations (e.g., coercive interrogation or illegal search and seizure). Proactive Mitigation: We prepare "sentencing factors" (e.g., letters of remorse, rehabilitation efforts) from the very beginning to minimize potential penalties. [Disclaimer] This content is for general informational purposes only and does not constitute legal advice. Every case is unique and requires a direct consultation with a qualified attorney. Have you been contacted by the police? Whether your situation is viewed as a 'simple errand' or 'criminal conspiracy' depends entirely on your first interview. Don’t wait until it’s too late. Would you like to schedule an English-speaking consultation or receive a preliminary assessment of your case?
2026-02-11 -
Blogs
How Should the Bithumb Bitcoin Erroneous Transfer Incident Be Viewed Legally?
Overview of the Incident A single input error resulted in an erroneous transfer worth approximately KRW 60 trillion. On February 6, 2026, an unprecedented incident occurred at Bithumb. Instead of distributing a promotional reward of KRW 2,000, a staff member mistakenly entered the unit incorrectly and transferred 2,000 Bitcoin. As a result, approximately KRW 196 billion per recipient was credited, and some of the Bitcoin was immediately sold on the market, causing a temporary sharp decline in prices. Although the incident originated from a system error, its impact extended far beyond an internal operational mistake and affected the broader market. Key Legal Issues The core legal issue in the Bithumb Bitcoin erroneous transfer incident lies in distinguishing criminal liability from civil liability. Many initially consider whether embezzlement charges could apply. However, according to the Supreme Court decision dated December 16, 2021 (2020Do9789), virtual assets are not considered “property” under the Criminal Act but rather “property-based interests.” The Court held that even if a person who receives mistakenly transferred virtual assets uses or disposes of them at their own discretion, it is difficult to conclude that such a person occupies a position of managing another’s affairs based on a fiduciary relationship. Accordingly, the offense of breach of trust does not apply. Therefore, merely receiving and using or disposing of virtual assets transferred by mistake does not easily lead to criminal punishment such as embezzlement or breach of trust under the current criminal law framework. However, the legal analysis does not end there. Assets acquired through the erroneous Bitcoin transfer constitute gains obtained without legal cause, and thus may be evaluated as unjust enrichment under the Civil Act. In such cases, the recipient bears an obligation to return the unjust enrichment regardless of intent or negligence. Even if part of the assets has already been disposed of, a recipient acting in bad faith must return the received benefits with interest and compensate for any resulting damages (Article 748(2) of the Civil Act). Since the obligation to return unjust enrichment does not have a fixed due date, the recipient becomes liable for delay damages from the time a demand for return is made (Article 387(2) of the Civil Act). Attorney’s Opinion “Although this incident originated from a system error, it will ultimately be resolved through restoration. Bithumb has sufficient recovery capabilities, and full recovery is legally possible. If any recipients are currently in discussions with Bithumb after receiving the erroneously transferred assets, returning them would be the prudent course of action to avoid unnecessary legal disputes. At this point, a rational resolution is necessary to preserve the integrity of the market.” Conclusion The outcome of this incident ultimately depends on the legal perspective applied. Decent Law Firm provides comprehensive legal analysis for recipients and related parties involved in large-scale virtual asset incidents such as the Bithumb Bitcoin erroneous transfer, including civil return procedures, negotiation processes, and dispute response strategies. By analyzing legal risks associated with different return methods, structuring negotiations with counterparties, and proposing response strategies to minimize additional damages, we aim to prevent disputes from escalating into prolonged litigation and to facilitate rational resolutions between the parties. The Bithumb Bitcoin erroneous transfer incident demonstrates how a technical mistake can quickly evolve into a serious legal issue. Only calm legal judgment and swift, well-informed responses can restore trust in the market. If you are a party with interests at stake in connection with the Bithumb Bitcoin erroneous transfer, a rational decision based on legal standards—rather than emotional judgment—is essential.
2026-02-09 -
Blogs
If You’re Curious About Debt Relief and Repayment Options for Crypto Loans, Read This Carefully
Why Crypto Loans Become Problematic in Rehabilitation and Bankruptcy Proceedings Crypto loans differ fundamentally from conventional personal loans or private lending, as the form of collateral and transaction pathways are often unclear or non-standard. In rehabilitation and bankruptcy practice, crypto loans typically fall into the following categories: Exchange-linked crypto loan products Private, peer-to-peer loans secured by crypto assets Loans provided through overseas crypto platforms Many debtors mistakenly assume that crypto-related debts do not need to be disclosed, or that overseas transactions fall outside Korean legal procedures. This assumption is highly risky. Once a debt is omitted, it may later be excluded from discharge and continue to survive. Moreover, if the integrity of the procedure is compromised, courts are more likely to dismiss the case or deny discharge. From the moment a debtor makes unilateral judgments, the case can begin to move in an unfavorable direction. How Crypto Loans Are Treated in Rehabilitation and Bankruptcy Whether a crypto loan is recognized as a valid debt depends on the legal structure of the loan and the flow of funds. Where crypto assets were provided as collateral, courts must assess whether the collateral arrangement can be legally recognized as a secured claim under the Debtor Rehabilitation and Bankruptcy Act (such as a rehabilitation secured claim or a separately satisfied claim). If the collateral structure is not legally valid, the debt is treated as a general rehabilitation claim or bankruptcy claim. In addition, the timing and method used to assess the market value of crypto assets are critical in determining the debtor’s asset pool. Price volatility and whether the crypto collateral has already been liquidated directly affect the feasibility of a rehabilitation repayment plan. In bankruptcy cases, further issues may arise, including: Whether repayments or collateral provided to specific creditors prior to filing are subject to avoidance actions under Articles 391–407 of the Debtor Rehabilitation and Bankruptcy Act Procedural complications in claim verification and distribution involving overseas creditors In practice, many debtors become worse off not because of the amount of debt itself, but because the handling of crypto loans is legally flawed. Key Issues That Must Be Addressed When You Have Crypto Loans The reason crypto loan transactions and borrowing relationships must never be concealed is straightforward. Courts determine whether to approve a rehabilitation plan or grant a discharge based on the accuracy and completeness of the debtor’s asset and creditor disclosures (Articles 147, 148, and 564(1)(3) of the Debtor Rehabilitation and Bankruptcy Act). Accordingly, full and accurate disclosure of all assets and liabilities is mandatory. When properly organized documentation is submitted, proceedings tend to progress in a stable and predictable manner. Conversely, if the initial approach is incorrect, corrective orders are repeatedly issued, the risk of dismissal increases, and both time and costs escalate unnecessarily. At this stage, the debtor’s response strategy—and whether professional guidance is involved—often determines the outcome. For many individuals losing sleep over crypto loan issues, proper legal handling is the first step toward regaining stability. How Decent Law Firm Handles Rehabilitation and Bankruptcy Cases Involving Crypto Loans Decent Law Firm approaches crypto loan cases by first restructuring the underlying transaction framework to align with court standards. We develop tailored response strategies based on loan type—exchange-linked products, overseas platforms, or private lending—and adjust for crypto holdings, liquidation timing, and market volatility so these factors do not negatively affect the procedure. Our assistance goes far beyond administrative filing. We provide strategy-driven legal handling designed to proactively prevent dismissal or denial of discharge. Rather than concluding that “crypto loans make rehabilitation impossible,” we focus on how crypto loans must be handled to make rehabilitation or bankruptcy legally viable. If crypto-related debts and assets are not accurately identified and properly addressed, they can materially undermine plan approval or discharge decisions. For this reason, a structured and professional response from the earliest stage is essential. Having crypto loans does not make rehabilitation or bankruptcy impossible. However, improper handling can make it impossible. You do not need to carry that risk alone—Decent Law Firm provides the legal strategy and response needed to navigate crypto loan issues effectively.
2026-02-06
