A defendant shall be punished by imprisonment for one year.

However, the execution of the above punishment shall be suspended for two years from the date this judgment becomes final and conclusive.

Punishment of the crime

1. Any person who intends to conduct money exchange business, such as the purchase or sale of foreign currencies in violation of the Foreign Exchange Transactions Act, shall prepare facilities necessary for conducting money exchange business and register such business with the Minister of Strategy

Nevertheless, the Defendant, from November 7, 2014 to September 17, 2016, engaged in the business of exchanging Korean currency and Korean currency petation against many unspecified clients without registering money exchange business with the Minister of Strategy and Finance in a casino, etc. located in the territory of the Republic of Korea, the Defendant, as indicated in the attached Table I, sold a foreign currency equivalent to KRW 607,09,000 in total by deducting certain fees from the clients to the Korean City Bank account (H) in the name of the Defendant, and then, by delivering the Korean petation of the Philippines, sold a foreign currency equivalent to KRW 607,09,000 in total, or after deducting certain fees from the said clients after deducting certain fees, engaged in the business of selling foreign currency equivalent to KRW 143,50,000 in total by remitting Korean currency to the account designated by the said clients.

Accordingly, the defendant is running money exchange business without being registered with the Minister of Strategy and Finance.

2. No person, other than the Seoul Olympic Sports Promotion Foundation or an entrusted business entity, shall commit any act of offering property or property benefits to those who win at the results of the promotion of sports or the issuance of similar things, in violation of the National Sports Promotion Act;

‘I’, “J”, etc., from January 4, 2015 to December 2016, opened and operated ‘K, etc., which is an illegal private sports soil site in the territory of the Republic of the Philippines, from the territory of the Republic of Korea, from the territory of the Republic of Korea to the territory of the Republic of Korea, recruited a number of its members, and transferred KRW 6,746,737,08 from members to the bank account (M) in the name of the Republic of Korea in the name of the Republic of Korea.