Defendant shall be punished by a fine of KRW 3,000,000.

If the defendant does not pay the above fine, 50,000 won.

Punishment of the crime

Any person who intends to engage in money exchange business shall prepare facilities necessary for conducting money exchange business and register such business with the Minister of Strategy and Finance in advance as prescribed by Presidential Decree.

Nevertheless, on August 14, 2013, the Defendant, without registering, exchanged the amount of KRW 226,00,00, which was received from Japan, from 20,000 in front of the Korean bank.

Summary of Evidence

1. Defendant's legal statement;

1. A report on investigation;

1. Application of Acts and subordinate statutes on seizure records and list of seizure;

1. Relevant provisions of the Foreign Exchange Transactions Act concerning facts constituting an offense, and Articles 27 (1) 6 and 8 (3) of the Foreign Exchange Transactions Act which select punishment;

1. Articles 70 and 69 (2) of the Criminal Act for the detention of a workhouse;

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