I think this is not fair, since they are not the one who really gives a hard time to earn it. i will be understanding that situation if they just want a piece of it or a percentage to be consider as tax. This why i really don't trust any kind of government, when i comes to money matters the government see that everything profitable must be under their control. bunch of selfish peoples out there.

with news like this but bitcoin price till more than 4200$  why

That seems reasonable, very reasonable. Would be nice to see that sort of reasoning elsewhere, very helpful.

that is also what I thought reading it!
I think in the end it doesn't matter what this rule says, it will be on a case by case basis and with some additional conditions. for example confiscate for what reason. if it is bitcoins gained through illegal activities, or coins belonging to something like SilkRoad then it is not so out of question to be confiscated.

or for example the court may rule that the person has to pay the same amount in fiat as fine instead of confiscating their coins. and that will be easier for the government because if they confiscate they have to auction it and that takes time and will cost them. but receiving fine in fiat right then and there is much easier

first off im not sure how one can 'confiscate' an account, perhaps you meant something more along the lines of freezing someone's assets? this is just a guess, but in that case, i think in legal terms, there is a difference between what bitcoin is classified as, versus the legal tender of a nation as deemed by the government (which is contained in a bank account).

in this case, the korean won, the legal tender of the republic of korea, does indeed hold an objective value.

bitcoin has already been used in such a manner by criminals, namely silk road and other marketplaces would be the first thing that comes to mind.

South Koreans shows a massive support about bitcoins and it is pointless to confiscate as it has no physical acquisition. Though it may misuse in the long run as many South Koreans are operating online gambling abroad and they are using bitcoins as betting coins.

what kind of "Rule" is this!
is it possible that the linked website just made some mistakes in translations. of course it wouldn't be the first time they publish something vague and misunderstood like this! maybe this "Rule" has some attachments and "ifs and buts" in it that is not being mentioned in that link.

in any case saying "...since it has not physical form..." is not enough reason! world has turned digital a long time ago, or maybe South Korean didn't get the memo