A French national living in Switzerland was fined a maximum of 150 million won for speeding.
According to the Associated Press on the 13th (local time), this driver was caught by police last year driving at 77 km/h in a zone with a speed limit of 50 km/h in Lausanne, the capital of Vaud.
The Vaud court ruled that this driver must immediately pay a fine of 10,000 Swiss francs (about 17 million won) imposed in June and may have to pay an additional 80,000 Swiss francs (about 137 million won) if caught for a similar speeding violation within the next three years.
The reason for such a high fine is that Switzerland calculates the amount of speeding fines based on an individual's income, assets, and living standards.
The driver is listed among the '300 richest people in Switzerland' selected by the Swiss economic magazine 'Bilanz' and is known to hold assets worth billions of won. He is reported to have not contested the court's decision.
This driver had also been fined for a similar speeding incident eight years ago. At that time, he also paid 10,000 Swiss francs upfront and was supposed to pay an additional 60,000 Swiss francs (about 100 million won) if another violation was detected within two years, local media reported.
Meanwhile, the highest speeding fine in Switzerland was set in 2010 in St. Gallen, where a millionaire driving a Ferrari was fined $290,000 (about 400 million won) for speeding.
The system that imposes fines based on income and assets is also adopted by Germany, France, Austria, and Nordic countries.
In contrast, Korea imposes fixed amounts as fines and penalties regardless of income.