Appeals court upholds Yoon's election law conviction, putting PPP funds at risk
An appellate court on Wednesday upheld the conviction of former President Yoon Suk Yeol for making false statements during his 2022 presidential campaign, a ruling that, if finalized, would require the main opposition People Power Party (PPP) to repay 39.7 billion won ($30 million) in campaign reimbursements. The Seoul High Court upheld a lower court’s sentence of 18 months in prison, suspended…
The Seoul High Court has upheld the conviction of former President Yoon Suk Yeol for making false statements during the 2022 presidential campaign, a ruling that could result in the main opposition People Power Party (PPP) being required to repay 39.7 billion won ($30 million) in campaign reimbursements. The appellate court's decision, if finalized at the Supreme Court, would trigger the repayment obligation under the election law, which mandates the full reimbursement of campaign expenses for parties whose presidential candidates secure at least 15 percent of the vote.
However, this repayment obligation hinges on the conviction becoming final, as it currently stands suspended for three years. The PPP's financial liability, therefore, remains contingent on the finality of the conviction at the Supreme Court.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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