A shall be punished by a fine of KRW 10 million, and Defendant B shall be punished by a fine of KRW 5 million.

The above fines are imposed by the Defendants.

D (hereinafter “D”) collected approximately KRW 70,000,000 from individual investors for about four years from September 201 to September 2015, 201, and operated a method to prevent return, such as raising approximately KRW 30,000,000 from individual investors, and guaranteeing the payment of principal and final profits for approximately KRW 158.7 billion, as well as paying the investment money received from existing investors as profits.

D as the vice head of the future strategic office, E was engaged in the activities of discovering and examining investment sources, such as real estate development projects, and F, G, H, I, J, and K were the head of the business team, respectively.

In April 2015, E proposed that “the person who operates the company through private equity funds that can raise funds from personal investors and make profits more short-term,” among them, F, H, G, J, I, K, and L, and decided to invite personal investors by means of operation similar to D.

E was already established on February 27, 2015

In addition to M Co., Ltd. M (hereinafter “M”), on June 10, 2015, a corporation N (hereinafter “N”), Co., Ltd. (hereinafter “O”) on June 24, 2015, and P Co., Ltd. (hereinafter “P”) on July 6, 2015, and Q Co., Ltd. (hereinafter “P”), a corporation (hereinafter “R”) and Q Q (hereinafter “P”) were established in succession. In developing investment goods, M’s investment issues are named as “R”, N’s investment issues as “S”, andO’s investment issues as “T”, and the Seoul, Cheongju branch, U.S. branch, Busan, Busan, Busan, Daegu branch, Daegu branch, and Jeju branch, and approximately 300 business team managers are recruited and operated.

E From May 2015, the instant similar receiving organization [P] was respectively established in order to engage in investment consultation and investment fund-raising business, and O, N, Q were to receive the investment funds of the instant similar receiving organization in its name. The instant similar receiving organization, which was operated in the name of PP, M,O, N, and Q, collectively (hereinafter referred to as “the instant similar receiving organization”).