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CEO : Hyojung (Kelly) Shin, Yeohyun Yoon
414, 25, Yeonmujang 5ga-gil, Seongdong-gu, Seoul, Republic of Korea(04782)
Email : soma_official@somalaw.co.kr
Phone : 02-2138-1223
Fax : 02-2138-1226
414, 25, Yeonmujang 5ga-gil, Seongdong-gu, Seoul, Republic of Korea(04782)
Email : soma_official@somalaw.co.kr|Phone : 02-2138-1223|Fax : 02-2138-1226
The broadcast addressed the growing concern over so-called "dementia money" as Korea's elderly population expands rapidly. The term refers to the assets of older adults whose capacity to manage their own affairs has declined due to dementia or similar conditions. As Korea enters a super-aged society, both the scale of these assets and the question of how to manage them have become increasingly significant.
Kelly introduced the adult guardianship system as a legal mechanism for protecting the assets of older adults in these circumstances, explaining how it works and why it matters. Under the system, a court appoints a guardian to assist a person who lacks sufficient capacity to handle their own affairs due to illness or age, helping with both asset management and personal welfare.
Drawing on real-life examples, the segment explained how these mechanisms work in everyday situations in terms accessible to a general audience. Concrete scenarios helped listeners without a legal background relate the adult guardianship system and the need to protect dementia money to their own and their families' circumstances.
The discussion also covered measures that can be arranged in advance to safeguard dementia money.