A shall be punished by a fine of KRW 15 million, and each fine of KRW 3 million for Defendant B and C.

The Defendants respectively.

1. No person who is allowed to run a brokerage business without the registration of establishment of a brokerage office;

Nevertheless, without registering a licensed real estate agent, the Defendant requested the resale of D, E, Dong-gu Incheon Metropolitan Government F Building G, Hhoho commercial buildings, and the resale of D and E's right to sell the above commercial buildings owned by D and E with B, and decided to arrange the resale of D and E's right to sell the commercial buildings.

On August 12, 2016, the Defendant arranged the resale of the right to sell the above F Building G and H commercial buildings owned by the seller D and E to the buyer of the seller at the Yeonsu-gu Incheon Building and the M office of the Co., Ltd. located in L, Inc., and received KRW 100 million from I and J as a brokerage fee for it, together with C and B.

As above, the Defendant carried on the brokerage business without registering the establishment of a brokerage office.

2. No defendant C shall run a brokerage business without the registration of establishment of a brokerage office;

Nevertheless, the defendant requested I and J to purchase a beneficial commercial building without registering a licensed real estate agent, and decided to arrange the resale of the above commercial building D and E owned by I and J, together with B and B.

On August 12, 2016, the Defendant arranged the buyer I and J to sell the above F Building G and H commercial buildings owned by the seller D and E, and received KRW 100 million from I and J as intermediary fees for the resale.

As above, the Defendant carried on the brokerage business without registering the establishment of a brokerage office.

3. Defendant B is a practicing licensed real estate agent operating a brokerage office under the trade name “O” in Yeongdeungpo-gu Seoul Metropolitan Government N, and a practicing licensed real estate agent is prohibited from receiving money and valuables in excess of legal brokerage, remuneration or actual expenses under any pretext, such as case, donation, etc.

As above, the Defendant is owned by the seller D and E to the buyer I and J.