According to Odaily Planet Daily, South Korea’s newly established right-wing party, the New Reform Party, announced plans to impose heavy penalties on those involved in financial fraud and scams, especially individuals involved in cryptocurrency scams, housing contract scams and stock market manipulation.
At the 13th Supreme Committee meeting held at the National Assembly on June 17, Heo Eun-ah, leader of the New Reform Party, said the party is committed to adopting a US-style criminal code for such economic criminals, with a maximum penalty of "more than 100 years in prison." Heo Eun-ah criticized the Korean legal system for being too lenient with such criminals, citing the recent case of Terraform Labs founder Do Kwon as an example.
