[South Korea Proposes Rule Allowing Courts to Require Exchanges to Disclose and Freeze Debtors' Crypto Assets Within Seven Days] According to CryptoSlate, the South Korean Supreme Court's proposed amendment to the 'Civil Execution Rules' will establish a standardized procedure allowing creditors to freeze, identify, and liquidate virtual assets held by debtors. Courts may require exchanges to disclose the types and amounts of crypto assets held by debtors within seven days of receiving the order and to freeze the corresponding assets. The deadline for public comments on the proposal is August 11, and it is expected to take effect on October 1. Once the assets are identified and frozen, the court may allocate them to creditors or order liquidation, which will be carried out by virtual asset service providers.