Defendant shall be punished by a fine of 12,000,000 won.

When the defendant does not pay the above fine, 100,000 won.

Punishment of the crime

Any person who intends to conduct foreign exchange business shall prepare sufficient capital, facilities and human resources to conduct foreign exchange business and register such business with the Minister of Strategy and Finance in advance, as prescribed by Presidential Decree.

1. On October 12, 2012, the Defendant, without registering, remitted KRW 10,00,00 to the new bank account in the name of the Defendant’s wife C from the Nong Bank in the name of the People’s Republic of China that he/she wants to transfer from Korea to Makao on a foreign basis, immediately, through payment of USD 10,000 equivalent thereto to that of the Defendant to B or his/her designated person, etc. on 36 occasions from October 12, 2012 to November 06 of the same year, including the payment of USD 13,234,000 to 10,000 to 10,000 in the name of the People’s Republic of Korea on behalf of 10,000 to 10,000,000 in the name of 10,000,0000 to 10,0000 won in the name of 10,010,000 new domestic bank account corresponding to 3.

2. The Defendant did not register, and on November 7, 2012, at the Bank Account in the name of the E in the name of the People’s Republic of China that wishes to transfer from Korea to Makao in a foreign People’s Republic of China, C.