Will someone sue Musk in Korea too?

The Korean Financial Services Commission is moving forward with a programme to introduce a class action system for unfair trading in virtual assets and to pursue liability for damages, according to a report paper by the Commission to the National Assembly's Political Affairs Committee. The scheme is aimed at protecting investors in order to establish alternative penalty schemes to criminal penalties for unfair trading. The FSC also reiterated its position that virtual assets are not financial assets and are highly speculative in nature. According to analysis, the aforementioned action by the South Korean financial authorities is due to a killing related to a failed virtual currency investment in central Seoul last month, coupled with the continued occurrence of acts such as manipulation of the currency market.