Defendant shall be punished by a fine of KRW 500,000.

Where the defendant fails to pay the above fine, one hundred thousand won shall be one day.

Punishment of the crime

The Defendant is a person who runs a loan business with the trade name “C” in Ulsan-dong, Ulsan-gu B.

Despite the fact that a credit service provider’s loan business does not exceed 34.9% annual interest, the Defendant loaned KRW 1,100,000 to the victim D within the North-gu parking lot located in Ulsan-gu, Ulsan-gu, in early April 2015, and paid KRW 1,100,000 after deducting KRW 400,000 from the preferred interest. The Defendant received interest of KRW 300,000 on 4 occasions (40 days) and received interest of KRW 1,20,000 on 248.8% per annum over the legal autonomy.

Summary of Evidence

1. A protocol concerning the examination of the police officers of the accused;

1. Statement made by the police against D;

1. Application of the Acts and subordinate statutes for investigation reporting;

1. Article 2(1) of the Addenda to the Act on the Protection of Financial Users (Act No. 12156, Jan. 1, 2014); Article 19(2)3 and Article 8(1) of the former Act on the Registration of Loan Business, Etc. and Protection of Financial Users (Amended by Act No. 12156, Jan. 1, 2014);

1. Article 70(1) and Article 69(2) of the Criminal Act to attract a workhouse;

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