A defendant shall be punished by imprisonment for ten months and a fine of ten thousand won.

When the defendant does not pay the above fine.

Punishment of the crime

1. Violation of the Act on the Registration of Loan Business, etc. and the Protection of Financial Users;

A. From March 2016 to December 2016, the Defendant engaged in a lending business without registering the lending business, the Defendant run a lending business in the Defendant’s residence located in C C 202 from around the Gu and the Si from February 27, 2018 to March 31, 2018.

A person who intends to engage in loan business shall register with the administrative agency having jurisdiction over the relevant place of business for each place of business, and where a unregistered credit service provider lends a loan, he/she shall not receive interest exceeding 25% per annum.

Nevertheless, on August 25, 2017, the Defendant, without registering the loan business, agreed to provide E with a prior interest of KRW 300,000,000 for a loan of KRW 270,000 on a daily basis, with a loan of KRW 60,000,000 at the infinite coffee shop located in Suwon-si transferdong on August 25, 2017, and received interest of KRW 525.4% per annum on a daily basis for 60 days.

The Defendant, in addition to this, from January 2017 to January 31, 2018, agreed to receive a total of 29% annual interest rate of 225.7% to 525% as indicated in the annexed crime list, and borrowed a total of 357 million won to operate a loan business without registration and received interest exceeding 25% per annum.

(b) No person, other than credit service providers or credit financial institutions, may place an advertisement for business of lending;

Although the Defendant is not a credit service provider that has registered his/her loan business with the competent authority, on March 2017, the Defendant stated "(27.9%) on the front page of the name tag size (9cm in width, 5.5cm in length) (27.5cm in length) from March 2017 to January 2018, the Defendant placed an advertisement for loan business by spreading the above front section to a large store, commercial building, and housing, etc.

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