5. COMPULSORY EXECUTION

Howon Lee (이호원 변호사)
1 min readJul 28, 2017

COMPULSORY EXECUTION can be considered when debtor refuses to pay even after the final award.

By COMPULSORY EXECUTION, creditor can seize / liquidate debtor’s asset for satisfaction of its unpaid credit.

Seizure on bank accounts is the most frequently used and powerful method. Creditor can also choose to proceed seizure on debtor’s real estate, bond for rental contract, or any other assets.

Unlike provisional seizures, COMPULSORY EXECUTION requires no court deposit since the creditor has secured (final and binding) award from court.

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Howon Lee (이호원 변호사)

Attorney at Law, Korea | Provides International Debt Collection Services in South Korea | www.dcklegal.com | howon.lee@dcklegal.com