According to Digital Asset, the Supreme Court of South Korea on July 2 opened public comment on a partial revision of the Civil Execution Rules, which is planned to take effect in October.

The revision stipulates the enforcement and monetization procedures for the right to transfer virtual assets (digital assets) and the digital assets themselves. The court can issue a seizure order to restrict the debtor from disposing of the relevant assets,
and requires the third debtor (such as a digital asset exchange) to disclose the type, quantity, and rights status of assets. Seized assets can be monetized through transfer orders, sale orders, etc.; digital assets with small market value or insufficient liquidity can first be exchanged for digital assets that are easier to monetize and then sold. The Supreme Court's Administrative Office will collect opinions before August 11 and plans to implement the final rules on October 1.