Debt Collection South Korea
Collecting a debt in South Korea can seem impossible. Language and cultural barriers, foreign laws and customs, and sheer distance all impose serious challenges.
Debt recovery is simpler when you use a collection agency fluent in the laws and customs of the country where the debtor resides. Cedar Financial offers on-the-ground representatives in South Korea who understand the debt collection practices that work to support full recovery of your funds.
Since 1991, Cedar Financial has served as a trustworthy, nationally licensed debt collection agency, helping businesses collect unpaid accounts internationally. With knowledge of collecting debts in a wide range of different industries, our experienced team collects your debts quickly and effectively so you can receive the payments you're owed.
With offices in over 150 countries, including South Korea, working with Cedar Financial provides you access to a global network of nationally licensed debt collectors. Our in-depth understanding of local laws, customs and cultures guarantees the best possible debt mediation results.
At Cedar Financial, we put people first, doing everything we can to get your money back while still preserving a good relationship with your customer. Our strategic public relations efforts are fair, but firm-ensuring your reputation is our top priority!
We combine a people-oriented approach with the latest tech-driven solutions to drive results and provide better contact management. This comprehensive method gets the results you need while preserving customer relationships.
In addition, our network of debt collectors, attorneys, suppliers and vendors are cherished relationships that allows us to get the job done. We value each of these relationships, no matter how small or large.
Contact us today and learn what we can do for your business.
We are a well-respected LAW FIRM in Seoul, comprised of proven respected attorneys and professionals, and part of a prestigious group of international debt recovery professionals. We understand how to deal with the debt and the debtor from the local perspective.
Through Cedar Financial we will take the claims under a contingency basis. If we are not successful in recovery, we do not get paid.
There is no minimum. We accept any number of cases providing there are sufficient supporting documents and relevant information.
We manage and handle all kind of debt; Commercial (Corporations) debts as well as Consumer (Individuals) debts.
Normally one to three months to resolve a matter amicably and without legal process, unless the debtor is particularly unresponsive or stubborn.
Most claims are resolved amicably through the following steps:
Generally, 5 years for consumer debt; 3 years for commercial debt.
Yes, we do.
Yes, we require the following information to proceed with our work:
Yes. We recommend, however, to first conduct an asset investigation to conclude viability of a lawsuit.
For amicable and quick resolution of your claim, fees should not be added. If your claim is litigated, additional fees such as collection costs, attorney fees and interest may be demanded, but not guaranteed to be awarded by the courts.
