1. Costs – No Win No Fee!
Having long standing relationships with all our overseas partners we have agreements to provide these services on a NO WIN NO FEE basis charging the agreed commission rate against monies recovered only.
2. Coverage in South Korea
South Korea is divided into many types of administrative divisions with Seoul the capital city and most populous regions. Our local office is in Seoul so we are centrally located to recover debts throughout all of South Korea.
3. Local Experience
Unlike many of our competitors all cases are handled by the local office or partner. The reasons for this are they speak the debtors’ language, in this case Korean is the most widely spoken. We understand the local cultures and know all the legal processes. These are reasons why Creditreform are the ideal people to help you in collecting debts from overseas.
4. Statute of Limitation in South Korea
3 years but there are special exemptions so whatever the age please contact us and we will advise if we can assist with your claim