Defendant

A A shall be punished by a fine of KRW 70 million, by a fine of KRW 30 million, and by a fine of KRW 20 million, respectively.

Punishment of the crime

The Defendants conspired to obtain profits from the market price by operating the market price of the stocks with easy to operate the market price by using the fact that the stocks of the K-gu Seoul Metropolitan Government Dispute Resolution Co., Ltd. are collected in the professional investors and traded stocks with Dtel in Gangseo-gu Seoul Metropolitan Government, the average trading volume and trading price is low.

No one shall sell or purchase securities or derivatives in collusion with another person to sell or sell such securities or derivatives in the same price as his/her trading thereof or in an agreed value at the same time as he/she sells or purchases them, or sell or purchase them falsely without an intention to transfer his/her right, or trade them falsely with another person, with an intention to attract another person to trade listed securities or derivatives in the future, and no person shall trade or entrust another person with such trading, with an intention to cause another person to make a wrong judgment, with regard to trading of listed securities or derivatives in the future, and no person shall trade or entrust another person with such trading, with an intention to cause another person to trade such securities or derivatives in the future.

Nevertheless, Defendant B submitted an order to sell 410 shares of the KUE in the process of selling the stocks of the KUE in accordance with the above public offering on September 13, 2013 through Defendant B’s G account (Account Number H) in the Gangseo-gu Seoul Metropolitan Government Dtel F on September 13, 2013. Defendant A submitted an order to purchase 300 shares of the KUE in the above office using Defendant B’s I account (Account Number J) around 09:50:35 on the same day in response to Defendant B’s sales order. Defendant A submitted an order to purchase 300 shares of the KUE in the above office using Defendant B’s I account (Account Number J) in around 09:53:06 on the same day.

The defendants, including this, shall agree to sell the E-stocks through the 7 accounts, including the above two accounts, in the course of the trade of the Co., Ltd.