Defendant shall be punished by a fine of five million won.

If the defendant does not pay the above fine, KRW 100,000.

Punishment of the crime

Any person who intends to engage in foreign exchange business shall prepare capital, facilities and professional human resources sufficient for conducting foreign exchange business and register such business with the Minister of Strategy and Finance in advance.

Nevertheless, on August 28, 2019, the Defendant received 75 million won from an unclaimed customer in detail B of the Philippines and deposited 75 million won into his own corporate bank account (C), and then exchanged 3.1 million won to the unclaimed customer.

Accordingly, the defendant did not register the money exchange business but did not register the business.

Summary of Evidence

The police interrogation protocol D of the police's protocol of statement of financial transaction to the defendant shall be applied

1. Relevant Article of the Act on Criminal Facts and Articles 27-2 (1) 1 and 8 (1) of the Foreign Exchange Transactions Act, the choice of punishment, and the selection of fines;

1. Articles 70 (1) and 69 (2) of the Criminal Act for the detention of a workhouse;

1. Article 334 (1) of the Criminal Procedure Act of the provisional payment order;