According to Yonhap News Agency, South Korea’s Gyeonggi-do has launched a virtual asset arrears electronic management system that “tracks down and seizes virtual assets of defaulters” to shorten the time required to process virtual asset late payment fees from 6 months to 15 days, and it will be officially put into operation next year. operate. Previously, the system started to be developed in January this year and was completed in September. Recently, it has completed the trial operation in cooperation with the virtual asset exchange. After entering the list of defaulters in the system, the virtual assets held by the defaulters can be traced and investigated. Seizure, transfer and sale of assets, collection of won, release of seizure, etc. are all carried out within the system.