Defendant

A and B Imprisonment with prison labor for a year and six months, and each of the defendants C and D shall be punished by imprisonment for a year and two months.

Defendant

A.

Punishment of the crime

Defendant

A is the head of the single speculative securities P branch from March 201 to September 2011, 201, the former securities company employee who served as the head of the U.S. Q branch from October 201 to February 2012, and Defendant B is the public official of the Seoul Metropolitan Office of Education from around 1982 to around 2000.

At present, R, a government-funded material construction business entity, is running, and Defendant C is a person operating DMB antenna chain Co., Ltd., and Defendant D has worked as a fund manager from around 1980 to around 1998.

Defendant

A around August 201, through U, a major shareholder of V (hereinafter referred to as “V”), was identified as “a person to dispose of stocks in the name of W and V against institutional investors, such as banks, insurers, securities companies, asset management companies, and investment companies,” and was introduced by the Defendant B, a public official of the former Seoul Special Metropolitan City Office of Education from X, a former securities company, to the public official of the Seoul Special Metropolitan City Office of Education. The Defendant A, B, and X sold stocks in the form of 8,000 won or more per week to the domestic or foreign institutional investors, and agreed with W through U to receive the difference between the sales price and the amount calculated as 8,000 won per week.

Since then, Defendant A, B, and X attempted to sell stocks at a higher price, and attempted to identify institutional investors who will purchase the stocks. On August 12, 201, around 12, 201, Defendant A, and X transferred 50,000 shares in W, 50,000 shares, 50,000 shares in C’s name, 50,106 shares in C’s name, 3,400 shares in C’s name, 70,000 shares in A’s name, 70,000 shares in C’s name, to Defendant A’s position.

In addition, X allows the employees of the securities company, etc. to purchase V shares, and Defendant B contacts with institutional investors, such as the Private School Pension Corporation, and Defendant C and the former fund manager.