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Policy Insight

[Daeryun Newsletter] Rampant 'No-Show Fraud': Remedies for Small Business Owners

Related AreasAggravated Punishment of Specific Crimes Act · Cyber Defamation · Violation of the Electronic Financial Transactions Act · Violation of the Public Official Election Act

2025.Jun

Jun.2025
[Daeryun Newsletter] A Guide to Remedies for Small Business Owners Harmed by Rampant
DAERYUN NEWSLETTER VOL.15

[Daeryun Newsletter] A Guide to Remedies for Small Business Owners Harmed by Rampant 'No-Show Scams'

INSIGHTS

Daeryun in the Press

KBC Gwangju Broadcasting

Defrauding KRW 2.8 billion through a Ponzi scheme with false guarantees of returns; sentenced to 3 years and 6 months in prison
Defrauding KRW 2.8 billion through a Ponzi scheme with false guarantees of returns; sentenced to 3 years and 6 months in prison

The head of an investment firm who defrauded 16 investors of approximately KRW 2.8 billion over about five years by promising principal guarantees and interest payments was sentenced to three years and six months in prison. We hear comments from Attorney Park Seong-dong of Daeryun, who represented the victims.

Korea Economic Daily

The 'ID-Card-Stealing Artist' Trend? Can Political Conflict Within a Family Also Constitute 'Theft'?
The 'ID-Card-Stealing Artist' Trend? Can Political Conflict Within a Family Also Constitute 'Theft'?

Cases of people expressing antipathy toward their parents' political leanings and hiding or stealing their parents' ID cards to prevent them from voting are stirring controversy in online communities. Could such conduct also constitute a violation of the Public Official Election Act, or a case punishable as theft?

MoneyS

Ringleader of a Fraud Gang That Extorted KRW 600 Million by Luring Victims with
Ringleader of a Fraud Gang That Extorted KRW 600 Million by Luring Victims with "Idol Hopeful Matching" and Dating Offers Indicted in Custody

The ringleader of a fraud organization that lured victims into signing up on a particular website—under the pretext of promising to introduce them to members of the opposite sex such as aspiring idols and influencers—and then induced repeated money transfers, has been indicted while in custody. Daeryun's attorney Seo Bong-ha, who represented the victims, emphasizes the advance prevention of investment fraud.

Tax & Finance News

Daeryun Establishes a 'Psychological Counseling Center' for the Mental Care of Clients Going Through Legal Disputes
Daeryun Establishes a 'Psychological Counseling Center' for the Mental Care of Clients Going Through Legal Disputes

Legal disputes inevitably cause great psychological shock and suffering across one's life and affect an individual's daily life and livelihood. Our firm has pledged to take responsibility even for clients' mental care by establishing a psychological counseling center that supports clients' emotional recovery and return to daily life.

Daeryun Law LLC newsletters are provided to deliver general legal information to clients quickly and accurately. The content herein does not represent the official views of Daeryun Law LLC, nor does it constitute legally binding legal advice on specific matters. For specific inquiries, please consult with the attorneys and specialists at Daeryun Law LLC.

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