Defendant shall be punished by a fine of KRW 7,000,000.

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

Punishment of the crime

The so-called "ported-to-face loan" means a loaner's new purchase of a high-priced mobile phone by allowing the borrower to enter the communication product on the condition of purchasing high-priced mobile phone, and then disposing of the mobile phone by removing the original chip of the loaner's new mobile phone, and then allowing the borrower to pay the mobile phone installments to the telecommunication company, and then the borrower is allowed to make the borrower pay the mobile phone installments to the lender. The borrower will make the borrower use the unique identification number (IMFI: International Mobile Equi Management, International Emp Identification Number) stored in the core chip removed as above in order to avoid the fact that the new mobile phone is disposed of and actually is not used by the loaner.

B From September 2016 to December 2017, 201, B operated D (hereinafter referred to as “D”) a loan brokerage company located on the sixth floor of the Seoul Gwangjin-gu Seoul Special Metropolitan City C building, and E operated D from January 1, 2018 to April 27, 2018. The F worked as D’s employee from April 2017 to April 27, 2018; G worked as D’s employee from September 2016 to December 2017; D was closed from January 31, 2018 after obtaining permission for the loan brokerage business on credit, and B, F, and G were provided with a mobile phone loan applicant’s instructions to make loans available to Defendant 2 by providing consultation on the loan applicant’s personal information to Defendant 2, who purchased the loan applicant’s mobile phone, and Defendant 2, who wish to use the loan applicant’s “B”.