A lawmaker of the ruling Democratic Party of Korea, Rep. Yi Byeong-jin, lost his parliamentary seat Thursday after the Supreme Court upheld a lower court ruling that fined him for violating the election law. The top court confirmed a 7 million-won ($4,800) fine against Yi on charges of underreporting his assets during the parliamentary elections in April 2024, when he was elected into office. By law, a lawmaker is stripped of his or her parliamentary seat if sentenced to a prison term or a fine of 1 million won or more for violating the Public Official Election Act. It also upheld a separate fine of 5 million won for violating the Act on Real Name Financial Transactions and Confidentiality, which requires the use of real names in financial transactions to prevent illegal acts, such as speculation and tax evasion. Yi was indicted in October 2024 on charges of failing to report some of his assets during his parliamentary election campaign, including some 70 million won worth of stocks and a record of having put up land he possessed in the central city of Asan as collateral for loans. He was