2. The crime of this case is determined by taking full account of the following circumstances: (a) the Defendant’s act of running credit business without registration; (b) the Defendant allowed a person who wants to obtain small loans to purchase game money, etc. at the Internet item transaction site by means of mobile phone small payment; and (c) loaned about 75% of the settlement amount; and (d) the Defendant repeatedly committed the crime of this case that disturbs the economic order by abusing the mobile phone small payment system and Internet transactions; and (e) the period of the crime; (c) the period of the crime; (d) the profits gained by the Defendant from the above crime; and (e) the Defendant’s age, character and conduct; (e) the motive and background of the crime; and (e) the circumstances after the crime, etc., the punishment of the lower court is too unreasonable.

3. In conclusion, the defendant's appeal is dismissed in accordance with Article 364 (4) of the Criminal Procedure Act since it is without merit. It is so decided as per Disposition.