Daejeon City Conducts Mass Settlement of Bus-Only Lane Fines Including Cryptocurrency Seizures

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 3rd that it will operate a two-month period starting this month to clear outstanding fines for violations of bus-only lanes.

As of this month, the outstanding fines for bus lane violations amount to approximately 24,000 cases totaling around 1.6 billion KRW. In particular, some defaulters have been found to maliciously exploit systems such as vehicle deregistration due to exceeding vehicle age, resulting in chronic non-payment.

Accordingly, the city plans to focus its collection efforts until next month by mobilizing all collection capabilities. During the clearance period, delinquency notices will be sent out twice in bulk to encourage voluntary payment, and for chronic and habitual defaulters, assets such as automobiles, bonds, and virtual currencies including Bitcoin hidden in cryptocurrency exchanges will be seized.

Additionally, for defaulters with four or more outstanding cases, the city will investigate real estate ownership and send voluntary payment guidance notices, with actual real estate seizure scheduled to begin next month.

Conversely, for livelihood-related defaulters facing economic difficulties due to COVID-19, the city plans to support economic independence through measures such as deferring bond seizures, installment payments of outstanding fines, payment deferrals, and lifting seizures.

Han Seon-hee, Director of the Transportation and Construction Bureau of the city, stated, “We will impose up to 75% additional charges on fine defaulters and strongly enforce administrative sanctions such as asset and scrapping fee seizures within the maximum scope prescribed by current law,” adding, “We ask for the mature civic consciousness of voluntary payment to foster a proper payment culture.”

This content was produced with the assistance of AI translation services.