South Korea allows the division of cryptocurrency in divorce protocol

South Korea allows the division of Cryptocurrency in the divorce protocol. South Korean law now allows spouses to claim Cryptocurrency and BTC during divorce proceedings, considering it as marital property. According to a law firm specializing in the South Korean legal system, married couples in South Korea can now divide the amount of Cryptocurrency holdings during divorce proceedings. South Korean law firm IPG Legal clarified the legal considerations regarding Cryptocurrency in marital property in divorce cases. In responding to common client inquiries, the firm explained that under South Korean law, both tangible and intangible assets can be divided upon divorce: "Under Article 839-2 of the South Korean Civil Law, either spouse can request the division of marital property accumulated during the marriage in South Korea." The company pointed out that a ruling by the Supreme Court of Korea in 2018 confirmed that Cryptocurrency and virtual assets are considered as property due to their economic value as intangible assets.