Jeonbuk Bank Tests Bitcoin-Backed Loans Under New Korean Rules

South Korea’s Jeonbuk Bank has completed a Bitcoin-backed corporate loan, testing whether digital assets can support conventional bank credit under the country’s newly revised enforcement framework. The transaction allows a business to obtain Korean won financing against pledged BTC without first selling its holdings. According to Maeil Business Newspaper , the arrangement is currently limited to a corporate pilot transaction, with proceeds designated for operating expenses. Its timing is significant. Revised Civil Enforcement Rules took effect on October 1 , introducing procedures for seizing and liquidating virtual assets when creditors pursue unpaid claims.