Gwangju Buk-gu, First Autonomous District to Provide Legal Support for Children in Inherited Debt Crisis
Buk-gu, Gwangju Metropolitan City, is collaborating with the Korea Legal Aid Corporation to support children and adolescents facing inheritance debt crises.
On the 23rd, Buk-gu announced that it will sign a 'Legal Support Agreement to Prevent the Inheritance of Parents' Debt' with the Korea Legal Aid Corporation on the 25th, becoming the first autonomous district in the country to do so.
This agreement was established to provide legal support services to prevent children and adolescents, who lack knowledge and response capabilities regarding inheritance, from inheriting debts and going bankrupt upon the death of their parents.
According to the agreement, Buk-gu will identify children and adolescents at risk of inheritance debt and support legal costs, while the Legal Aid Corporation will handle legal consultations, litigation support, and various applications and claims.
The legal support for inheritance debt targets children and adolescents under the age of 24 residing in Buk-gu, whose households have an income at or below 125% of the median income as announced by the Minister of Health and Welfare.
Both organizations plan to establish a close cooperative system through this agreement and expand support for children and adolescents in need of legal and welfare services.
Hot Picks Today
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "You Might Regret Not Buying Now"... Overseas Retail Investors Stirred by News of Record-Breaking Monster Stocks' IPOs
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Shinsegae Vice President Visits May 18 Bereaved Families, Apology for 'Tank Day' Controversy Rejected: "Will Apologize Again After Full Investigation"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
A Buk-gu official stated, “We hope that through this agreement, children and adolescents will not suffer economically by inheriting their parents' debts,” and added, “We will continue to develop various support policies to help children and adolescents grow into healthy members of society.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.