1. The defendant shall be punished by imprisonment for a period of eight months and a fine of two hundred million won;

2. The above fine shall be imposed on the defendant.

No one shall engage in financial investment business without obtaining authorization from a financial committee member's association.

1. From May 201 to May 201, Defendant A operated a corporation related to the transaction of non-listed stocks in Seoul Yeongdeungpo-gu Seoul Metropolitan Government E-building 1007, etc., Defendant A acquired profits of KRW 5,408,07,071,278 in total by trading or arranging non-listed stocks over 18,851, in the manner of receiving the purchase price of non-listed stocks, including the LA, from an unspecified large number of investors into the account of Defendant himself/herself, the said corporation’s account, or the Defendant’s employee I, etc., and receiving the purchase price of non-listed stocks, including H, from an unspecified number of investors, after deducting the intermediary fee.

Accordingly, the defendant has run a financial investment business without obtaining authorization from a financial committee member association.

2. From January 2010 to April 2017, Defendant B: (a) received the purchase price of non-listed stocks, such as K 1105, from an unspecified number of investors in the office located in Yeongdeungpo-gu Seoul Metropolitan Government, from the Defendant’s account or his employee M/N, etc.; and (b) purchased non-listed stocks in an amount calculated by deducting brokerage commission from the remainder; and (c) received them into the securities account in the name of the investors, and acquired the profits of KRW 4,077,702,976 in total by selling or arranging non-listed stocks over 5,525.

Accordingly, the defendant has run a financial investment business without obtaining authorization from a financial committee member association.

Summary of Evidence

1. A written statement ofO, M, N, and I concerning the Defendants’ legal statement concerning the interrogation of suspect by the prosecution

1. An investigation report (as a result of inquiry into the authorization for a financial investment business with respect to F, etc.), two copies of the authorization status of a financial investment business entity (A or B’s unmanned on the confirmation of the details of transactions of financial investment business), and A.