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In February 2026, the "living expense account" system will go into full effect. One account will be designated for each person, and creditors will not be able to seize up to 2.5 million won per month of the money in it. Until now, once your bank account was seized, your living expenses were tied up in it, and you had to go through a complicated process to get it released through the court, but from now on, your designated living expenses account will be protected from the beginning. In addition, the garnishment protection limit for guaranteed death benefits will increase from $10 million to $15 million, and the surrender value protection limit will increase to $250,000. It's a safety net that the government has put in place to ensure that you and your family can live a minimum standard of living, even if you're in debt, so it's a good idea to designate your paycheck or main account as a living expense account and prepare for the system before it goes into effect. #subsistence account #garnishmentprotection #debtorprotection #livingexpenses #financialinformation