[South Korea Has Established and Implemented Enforcement Procedures for the Seizure and Conversion of Virtual Assets] According to Yonhap News Agency, the South Korean National Courts Administration has established enforcement procedures for cryptocurrencies. The revised Civil Enforcement Rules came into effect on November 1st, formally clarifying the procedures for the seizure and conversion of virtual assets (such as Bitcoin). Previously, because virtual assets lacked physical form, enforcement largely relied on provisions regarding "other property rights." With the surge in related cases, the courts specifically formulated enforcement rules for two scenarios: custody in exchanges and personal wallets, covering various conversion methods such as seizure, transfer orders, and sales through exchanges.