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BlogsInheriting Crypto on Korean Exchanges: What You Need to Know
As crypto ownership continues to grow in Korea, so do cases where someone passes away still holding digital assets. The first question families almost always ask is the same: "Can we actually claim the crypto our loved one left behind on the exchange?" The short answer is yes. The Korean National Tax Service treats virtual assets as part of a deceased person's taxable estate, and since 2022, the Inheritance and Gift Tax Act has included explicit provisions for valuing crypto assets. Coins held on domestic exchanges like Upbit and Bithumb are legally inheritable — heirs can claim them through the proper succession process. That said, knowing you're entitled to something and actually getting it are two very different things. What Counts as Inheritable Crypto It's not just coins sitting in an exchange wallet. The deceased may have held digital assets in more forms than you'd expect: Coins held in accounts on Korean exchanges such as Upbit or Bithumb Major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) Assets currently staked or locked in yield products Open or pending orders on exchange accounts Holdings spread across multiple exchanges The first step is figuring out where the deceased held their assets and in what form — and that alone can be a challenge. Why Korean Exchange Inheritance Is More Complicated Than It Sounds Korean exchange accounts are registered under the account holder's identity and built around personal authentication. By design, no one else can log in or withdraw funds — not even a family member. Upbit and Bithumb operate under different companies and handle inheritance requests differently. What works at one exchange may not fly at the other. Things get significantly harder when any of the following apply: You didn't know the account existed or what was in it There are multiple heirs or the inheritance structure is disputed You can't access the phone number or authentication method tied to the account The deceased held assets across several different exchanges Why This Is Hard to Handle on Your Own Even when heirs contact exchanges directly, they often run into vague guidance, shifting requirements, and delays that stretch on for weeks or months. If co-heirs aren't cooperating, or you can't even confirm whether an account exists, it can feel impossible to move forward. And while time slips away, legal deadlines don't wait. Claiming inherited crypto isn't a customer service issue — it's a legal matter. You need to formally establish your standing as an heir before any exchange will release the assets. The virtual asset team at Decent Law Firm has handled inheritance cases across Upbit, Bithumb, Coinone, and other Korean exchanges firsthand. If you're trying to recover crypto a family member left behind, reach out — we'll walk you through it from start to finish.
2026-03-06 Naver Blog -
Blogs
Medical Device Rebates Under Police Crackdown: Why You Need to Act Now
Korea's National Investigation Headquarters has announced a dedicated task force — the "Livelihood Crime Disruption TF" — running from March through October 2026, with medical and pharmaceutical rebates explicitly listed as a priority target. This isn't a routine audit. The crackdown combines intelligence gathering with inter-agency coordination, meaning investigations can be triggered by internal whistleblowers, financial data analysis, or tips from partner agencies. Medical device manufacturers, importers, distributors, hospitals, clinics, and individual practitioners are all within scope. What Can Be Treated as an Illegal Rebate If a healthcare provider receives money, equipment, supplies, or any other benefit from a medical device company — tied to adopting, using, or continuing to purchase a specific product — that can constitute an illegal rebate under Korean law. Courts have already ruled against companies that supplied hospitals with fixtures, renovation costs, or equipment, finding these to be disguised sales incentives. Labeling payments as "conference sponsorships," "consulting fees," or "research grants" doesn't provide cover if the amounts track the volume or revenue from a specific device. The line between legitimate marketing and an illegal rebate comes down to the contract structure, payment records, and internal approval flows — and that analysis needs to happen before investigators come knocking. Early Response Is Everything In this crackdown, search warrants and witness summons are expected to roll out simultaneously through regional investigation units. The materials investigators will focus on include internal emails and messaging records, accounting books and expense reports, and consulting or service contracts. There are three things every company should get in order right now: Establish your official position — Determine the company's consistent explanation and response narrative before anyone is questioned. Define your document perimeter — Decide which records to preserve, which to produce, and in what order. Align internal statements — Make sure employees aren't giving contradictory accounts to investigators. Missteps at this stage can significantly increase criminal exposure and the severity of any administrative sanctions that follow. Why Internal Compliance Needs Attention Right Now The police have raised the whistleblower reward for rebate-related offenses to up to 500 million KRW. The risk of an investigation being triggered by someone inside your own organization has never been higher. Korea's dual-liability rule means both the party that gives a rebate and the party that receives it face criminal exposure. This isn't a problem that sits with just one side of the transaction — the entire structure needs to be reviewed. Two things matter most for compliance right now: Audit your past and current business practices and clean up any arrangements that could raise red flags Build a "explainable expenditure structure" through clear policies and staff training — one that holds up under scrutiny Once an investigation starts, your options narrow fast. The time to work through potential vulnerabilities with a medical device law attorney is now, before anyone shows up at your door. Decent Law Firm — Medical Device Law Practice Medical device rebate cases sit at the intersection of criminal liability and administrative sanctions — they require both tracks to be handled at once. Our team has handled cases across the full spectrum: attending search and seizure operations, sitting in on suspect and witness interviews, coordinating internal statements, and conducting compliance reviews. The strongest defense is the one you build before you need it.
2026-03-04 Naver Blog -
Blogs
If You Need Assistance With a Voice Phishing (Borrowed Account) Victim Relief Application
Why Is Recovery So Difficult in Borrowed-Account Voice Phishing Cases? Telecommunications financial fraud (commonly known as “voice phishing”) typically involves transferring funds through bank accounts opened under third parties’ names (so-called fraud-use accounts). Money transferred by the victim is quickly split across multiple accounts. Some funds are withdrawn in cash or converted into virtual assets, making tracing practically impossible. If the financial institution’s payment suspension procedure is delayed, meaningful recovery becomes extremely difficult. In organized schemes, roles are divided among recruiters, cash couriers, and managers, which makes identifying legally responsible parties time-consuming. Accordingly, borrowed-account voice phishing cases are not simple financial incidents. They are serious criminal matters requiring simultaneous consideration of both criminal and civil response. Immediate Actions After the Incident Immediately apply for victim relief through the financial institution after the transfer Report to the police and initiate a formal investigation Secure account flow data and organize call and message records If response is delayed at this stage, funds will rapidly dissipate. This matter must never be taken lightly. Even a few hours can determine the outcome. After payment suspension, a claim extinguishment procedure is conducted by the financial institution and the Financial Supervisory Service, followed by a decision regarding victim refund distribution. However, if an additional victim relief application is not submitted within two months from the public notice of the claim extinguishment procedure, the victim may lose eligibility for the refund (Article 6(1) of the Act on the Prevention of Loss Caused by Telecommunications-Based Financial Fraud and Refund for Loss). Borrowed-account voice phishing cases require not only prompt initial measures but also systematic follow-up management. Why Legal Assistance Is Necessary Victims must simultaneously manage multiple response channels, including the Financial Supervisory Service, police authorities, and commercial banks. Filing a simple report is not sufficient. If the perpetrator can be identified, a civil claim for damages should be pursued in parallel. If a joint offender structure is revealed, strategies to assert joint tort liability must also be considered. Where the principal offender cannot be apprehended, it may be necessary to examine whether the account holder who provided access media, while foreseeing the fraudulent use, may bear liability for damages under tort law. However, proving the account holder’s foreseeability is essential, and liability may be limited if contributory negligence of the victim is recognized. Careful case-by-case legal analysis is therefore required. Providing practical direction to clients facing such distressing circumstances is the role of legal counsel. Attempting to navigate these procedures alone, particularly in an emotionally shaken state, can be overwhelming and complex.
2026-02-26 Naver Blog -
Blogs
Emergency Arrest in Korea: What Actually Happens in the First 48 Hours
The moment you're placed under emergency arrest in Korea, the clock starts. And it doesn't stop. Under Article 200-4 of the Korean Code of Criminal Procedure, investigators have exactly 48 hours from the time of arrest to apply for a detention warrant — or they must release you immediately. Every decision made inside that window has consequences that follow the case long after. Stage 1 · Immediate Arrest and Transfer to the Detention Facility At the moment of arrest, the arresting officer is required to inform you of your identity, the grounds for arrest, your right to retain a lawyer, and your right to remain silent. You'll then be transported to the nearest police station and placed in a holding cell. Once inside, the intake process begins: identity verification, personal belongings search and storage, and formal admission into custody. Two things matter most at this stage: Whether you can contact a family member When and how you can meet with a lawyer This is the single most critical moment to get legal counsel involved. In practice, the first attorney visit and formal retention often happen within hours of arrival at the holding facility — and for good reason. Stage 2 · Waiting in Custody and the First Interrogation At some point during the same day or the next, you'll be brought out for your first formal interrogation by investigators. In this compressed window, police are working fast — pulling together your statements, seized materials, and witness accounts to build a picture of whether charges are warranted and whether continued detention is necessary. What makes this stage particularly consequential is that the written interrogation record produced here often feeds directly into the detention warrant application and the subsequent warrant hearing before a judge. How much you say, what you say, and where you invoke your right to silence can significantly shape the direction of the entire case. Stage 3 · The Detention Warrant Decision If police determine that continued detention is necessary, they must submit a detention warrant request to prosecutors within 48 hours of the arrest. Prosecutors review the request and decide whether to seek the warrant from a judge. Miss the deadline, or fail to secure the warrant — and the suspect must be released immediately, no exceptions. During this window, the two sides are moving in opposite directions: Investigators are assembling evidence of the alleged offense and building the case for why detention is necessary Defense counsel is gathering evidence of stable ties to the community — residence, employment, family — and arguing that flight risk and evidence tampering concerns don't hold up Stage 4 · The Warrant Review Hearing and What Comes Next If prosecutors apply for a detention warrant, the suspect is brought before a judge for a warrant review hearing — known in Korea as the yeongjangsiljilsimsa. The judge evaluates three things: how well the alleged offense is substantiated, whether there's a genuine risk of flight or evidence tampering, and whether the investigation can reasonably proceed without detention. The outcome falls into one of three categories: Warrant granted → The suspect is remanded into custody at a correctional facility Warrant denied → Immediate release; investigation continues without detention No warrant filed within 48 hours → Immediate release, no further action required at that stage Decent Law Firm — Criminal Defense Practice The first 48 hours after an emergency arrest move fast, and the decisions made during that window — what to say, what not to say, what to prepare — shape everything that follows. Our criminal defense team covers the full sequence: from the first attorney visit at the holding facility, through the interrogation stage, to the warrant hearing before the judge. We focus on getting in front of unfavorable outcomes before they solidify, and staying in your corner until the end.
2026-02-25 Naver Blog -
Blogs
Traffic Accident Settlement Representation & Agreement Drafting Guide – Must-Read
The Legal Significance of “Settlement” for the Offender In traffic accidents that proceed as criminal cases, settlement with the victim is not merely a financial resolution. If a settlement is reached: In offenses prosecutable only upon complaint, prosecution may not proceed (except where statutory exceptions apply). Even where exceptions apply, settlement is considered a favorable sentencing factor. The likelihood of a fine or suspended sentence increases. The risk of imprisonment decreases. Conversely, failure to reach a settlement may be interpreted as a lack of effort to restore harm, which can significantly affect sentencing. In short, settlement is a critical factor in sentencing and a key variable shaping early defense strategy. Practical Problems When Attempting Settlement Alone Many offenders assume that having comprehensive auto insurance is sufficient, or that a direct apology and negotiation will resolve the matter. However, comprehensive insurance alone does not exempt criminal liability in cases falling under statutory exceptions or involving fatalities (Article 4(1) of the Act on Special Cases Concerning the Settlement of Traffic Accidents). Settlement still plays a crucial role in sentencing. In practice, the following issues frequently arise: Negotiations collapsing due to emotional confrontation Failure to respond properly to excessive settlement demands Settlement agreements lacking language sufficient for sentencing mitigation Phone calls or messages later used as unfavorable evidence In particular, inappropriate expressions during direct negotiation may create misunderstandings or escalate into secondary disputes. Settlement is not merely a conversation—it is a process of structuring legal consequences. Why Professional Settlement Representation Is Necessary Traffic accident settlement representation is not simply about delivering compensation on behalf of the offender. It involves: Analyzing the accident circumstances and fault ratio Reviewing criminal liability exposure and sentencing outlook Determining a reasonable settlement range Drafting an agreement clearly reflecting the victim’s intent not to seek punishment Establishing submission and response strategy before investigative authorities From the offender’s perspective, the approach must shift from emotional reaction to risk management. Immediately after the accident, statements should be made cautiously, and direct financial negotiation with the victim should generally be avoided. After accurately analyzing the nature of the case, a settlement strategy aligned with the criminal procedure should be designed. Settlement is not the final stage of the case—it sits at the core of the overall criminal defense strategy.
2026-02-24 Naver Blog -
Blogs
Must-Read Guide for Victims of Crypto Hacking Scams
How Channel-Hacking Crypto Scams Typically Operate Recent crypto hacking scams often unfold in the following sequence: Hijacking of a YouTube account Broadcasting a fake investment livestream Directing viewers to an external website or QR code Inducing wallet connection (Approve) or transfer of USDT/Bitcoin Draining tokens using granted approval authority and then disappearing In particular, “wallet-connection” scams differ from simple transfers. The moment a user approves a smart contract, the attacker may repeatedly move assets using that authorization. Such conduct may constitute computer fraud under Article 347-2 of the Criminal Act, as it involves unlawfully inputting information into an information processing system to obtain financial benefits. Immediate Actions If You Are a Victim Early response determines the direction of the case. If you realize you have been victimized by a crypto hacking scam, you should immediately: Revoke all token allowances (approval permissions) Create a new wallet and transfer any remaining assets Change all exchange passwords and OTP settings Secure evidence such as transaction hashes, counterparty wallet addresses, and access screen captures If funds were transferred to a centralized exchange, immediately request account freezing Virtual assets are often dispersed across multiple addresses within a short period. The first 24–48 hours are critical. As time passes, tracing becomes significantly more difficult, and recovery chances decrease sharply. Key Legal Issues in Pursuing Action Investment scams involving channel hacking are not merely civil disputes. They may involve multiple criminal charges, including: Fraud (Article 347 of the Criminal Act) Unauthorized access or intrusion under the Act on Promotion of Information and Communications Network Utilization and Information Protection (Articles 48 and 71) Computer fraud (Article 347-2 of the Criminal Act) Violations of the Electronic Financial Transactions Act (Articles 21-4 and 49) However, simply stating “I was deceived and transferred funds” is often insufficient to prompt proactive investigative measures. To establish fraud under Article 347 of the Criminal Act, the following elements must be proven: Deceptive conduct Inducement of mistake Disposition of property Occurrence of financial loss Causal relationship between deception and loss In particular, the specific content of the deception and the causal link showing that the victim transferred assets due to that deception must be clearly demonstrated. Ultimately, resolving crypto hacking scams requires a structured, data-driven approach—not emotional reaction. Understanding the technical flow and evidentiary framework is essential to identifying a viable path toward recovery.
2026-02-23 Naver Blog
