Controversy over the decision "I will treat stocks and virtual currency investments as debt-free"

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These days, there are a lot of people who have lost money while investing in stocks or virtual currencies by borrowing money.

A court has ruled that from today (the 1st), people who have gone to the bankruptcy level do not have to pay the debt if it was used to invest borrowed money.

Let's see the details first and continue the story.

Correspondent Kim Jung-woo.

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Mr. A, an office worker in his 20s, bought stocks amid the investment craze last year.

He has suffered heavy losses in the recent crash.

[Mr A/Office worker: (Samsung Electronics) started at 70,000 won.

Kakao came in around 100,000 won.

But in one week, another 10% fell.

So I just don't want to watch it.]

There are many people in their 20s and 30s who have difficulties after investing in so-called 'debt' and 'young' to buy stocks and virtual currency with this kind of debt.

Among individuals who were declared bankrupt by a court last year, 45% were in their 20s and 30s, but it is predicted that this year, close to half of them will be.

Therefore, the Seoul Rehabilitation Court decided to apply the new standard from today when judging individual rehabilitation.

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The money you lose from investing in stocks and cryptocurrency will be deducted from your debt calculation.

For example, if you borrowed 100 million won and invested in virtual currency and lost all of it, the original 100 million won was recognized as debt.

However, in the future, it is judged that all of this money is gone, so if you pay off the remaining amount of your monthly salary for 3 years, you will be deemed to have paid off all your debts.

The court explained that it was determined that special measures were needed to quickly return these people to society as the youth's application for rehabilitation is expected to explode due to the failure of the investment, the court explained.

However, there are concerns that a climate of 'invest and lose is enough' may arise.

[Lee Seo-young / Attorney: Since it is a system to relieve sincere but unfortunate debtors, I think that at least a social consensus that 'this kind of person should be revived' is also necessary.

Instead of treating the entire cryptocurrency as a loss, a certain percentage is calculated as liquidation money.]

(Video coverage: Kim Hak-mo, Yoon Hyung, video editing: Kim Jun-hee)

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Here is reporter Kim Jung-woo of the Ministry of Economy who just delivered the report. .

[Reporter Kim Jung-woo: When I first made the announcement at the court, I thought, for example, that the difficult circumstances in their 20s and 30s are only applicable to young people.

However, it is important to note that this applies only to those who live or work in Seoul.

This is because the Seoul Rehabilitation Court made this decision among the rehabilitation courts across the country. You will be able to indemnify the investment losses.]

[Reporter Jeong-Woo Kim: They say that cases entering the courts are much more serious than they appear from the outside.

So, if we leave it like this, something is really going to happen, so we have no choice but to take action.

Legally, debts you owe while running a business are forgiven when you apply for personal rehabilitation.

Therefore, there is no reason not to indemnify the investment loss of virtual currency or stock investment, I have also said this.]

[Reporter Kim Jung-woo: Yes.

Beyond the law, there are ethical issues.

For example, when you open a store, even if you try hard to operate it, there are cases where the store closes due to Corona 19 or other circumstances.

However, such a case is being pointed out whether it can be viewed as an investment in stocks or virtual currency, or can it be viewed as the same effort.

Therefore, if the debt is forgiven, the individual, state, or financial institution that lends the money will inevitably incur losses. How about doing it? There are also proposals like this coming out.]