Yoon denied the charges and appealed, with his lawyers arguing that the verdict was based on a misinterpretation of the facts and election law. If upheld by higher courts, the ruling could financially cripple the conservative People Power Party by forcing it to return around 40 billion won ($27 million) in election expenses reimbursed by the government after Yoon’s narrow victory over current liberal President Lee Jae Myung in 2022.
