Injoys Life

This content applies specifically to South Korea. If you fail to comply with a farmland disposal order without a valid reason, the enforcement fine can be 25% of the higher of two land valuations. Being flagged in the Full Farmland Survey does not trigger immediate payment. The rules summarised here reflect South Korea's Farmland Act and ministry announcements through October 8, 2026. What triggers the fine and sets its size Distinguish a survey finding from an order to dispose of the land. For ordinary noncultivation, the process can move from a duty to dispose to a disposal order, then a fine if the order is not followed without a justifiable reason. The calculation uses the higher of the appraised value and the value based on the officially assessed individual land price. A base value of 1 billion won means a fine of 250 million won each time it is imposed. The fine may recur once a year until compliance, so payment does not resolve the violation. A man stands in a farmhou...

This content applies specifically to South Korea. If you are registering a death, financial transactions in the deceased person's name are automatically blocked the day after the report is received under the system effective September 11, 2026. The trigger is receipt of the report, not the date of death. No separate family request to block transactions is needed.   What remains possible after blocking Withdrawals, transfers and loans are blocked in principle. Deposits can still enter the account, but receiving that money requires the inheritance process. For urgent medical or funeral expenses, you can ask the financial institution about an exception withdrawal. After checking supporting documents, the institution may transfer payment directly to the hospital, nursing home or funeral home. This exception does not allow unrestricted cash withdrawals by relatives.   Account blocks and the steps that follow In the original article on Injoys, you can find a transaction co...