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

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

Punishment of the crime

A person who intends to engage in loan business shall register his/her business with a competent administrative agency, and may not advertise his/her loan business, if the person is not a credit service provider or a credit financial institution.

Nevertheless, the Defendant engaged in a loan business without registration from March 2015. On February 23, 2016, the Defendant advertised the loan business by distributing the name of the lending company it operates in Gangnam-gu Seoul, Gangnam-gu.

Summary of Evidence

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

1. Suppression photographs;

1. A leaflet for advertisement;

1. Application of statutes as a result of Internet inquiry;

1. Article 19 (1) 3 and Article 9-2 (1) of the Act on the Registration of Relevant Acts and selective loan business, etc. for criminal facts and the Protection of Users (Selection of a punishment penalty)

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;