[Success Case] Securing 4 Billion KRW for 8 Financial Institutions: Integrated Prejudgment Attachment of Multiple Assets and Debtors

In large-scale financial transactions involving multiple lenders and guarantors, the complexity of legal procedures can often delay crucial asset preservation. Today, we share a high-difficulty success case where we represented 8 different financial unions to preemptively secure a 4 billion KRW joint guarantee claim against 3 debtors through a single, integrated legal action.

Eight financial institutions (unions) held a joint claim totaling approximately 3.99 billion KRW against three joint and several guarantors. Due to the involvement of multiple parties and various types of real estate—including large multi-unit buildings and numerous plots of land—the case required a highly sophisticated approach to identify and freeze the "accountable assets" before they could be diverted.

The challenge was not just the amount, but the logistical and legal complexity of coordinating 8 creditors and targeting assets owned by 3 different individuals simultaneously.

To maximize efficiency and ensure no assets were missed, our legal team implemented a "Unified Execution Strategy":

• Precise Calculation & Allocation: We represented all 8 unions simultaneously, accurately calculating and allocating the specific claim amounts for each creditor to ensure the court application was flawless.
• Comprehensive Asset Tracking: We identified all real estate owned by the 3 debtors, including complex commercial building units and various land parcels, ensuring 100% coverage.
• Integrated Application: Instead of filing separate, fragmented lawsuits, we filed a single, integrated prejudgment attachment application. This minimized procedural delays and prevented the debtors from catching wind of the action prematurely.

In 2025, the court granted the prejudgment attachment on all targeted properties owned by the three debtors.

Key results included:

• Securing 4 Billion KRW in Recovery Sources: We successfully froze enough assets to cover the entire 4 billion KRW claim for all 8 unions.
• Maximizing Procedural Efficiency: By handling the complex multi-party dispute through a single procedure, we significantly reduced the time and cost for our clients.
• Dominant Position in Debt Recovery: The preemptive freeze across all major assets placed the 8 financial unions in a superior position for the subsequent collection process.

When multiple financial institutions are involved as creditors, fragmented responses can lead to conflicting priorities and asset leakage. Success in these cases depends on the ability to integrate complex claims into a single, powerful execution roadmap.

At Hoam Law Office, we specialize in managing multi-party, high-stakes financial disputes. We ensure that every creditor's right is accounted for and every debtor's asset is identified. If your organization is part of a joint loan or guarantee dispute, seek a partner who can manage the complexity with precision.