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Defendant
A A shall be punished by a fine of KRW 4 million, by a fine of KRW 3 million, and by a fine of KRW 5 million, respectively.
Reasons
Punishment of the crime
Anyone who intends to run a loan business shall register with the administrative agency having jurisdiction over the relevant place of business, and where a unregistered credit service provider lends a loan, he/she shall not receive interest exceeding the interest rate prescribed by Presidential Decree (25% per annum).
1. Notwithstanding Defendant A, the Defendant, without registering with the competent authority, agreed to lend 1.8 million won to E at one-time on September 2013, 2013 by one-time lending KRW 1.8 million to the debtor E (one-day “one-day”) and agreed to lend the said money to the debtor and receive interest equivalent to 256% of the interest rate, from that time until March 2014, the Defendant loaned KRW 25,900,000 over eight times as shown in the attached crime list (A) to the police officer during the period of March 2014, and received interest exceeding the limited interest rate on eight occasions.
2. Notwithstanding Defendant B, the Defendant, without registering with the competent authority on April 14, 2014, entered into an agreement with the debtor E to repay 2.7 million won on 13 occasions each five days each by lending 2.7 million won (one day (hereinafter “one day”) and agreed to lend the said money to the debtor and receive interest equivalent to 4.17% of the interest rate from April 29, 2014. From that time, the Defendant loaned KRW 18,800,000 over seven times, such as in the list of crimes in the attached Table (B), and received interest exceeding the limited interest rate on seven occasions.
3. Notwithstanding Defendant C, the Defendant, without registering with the competent authorities, agreed to lend KRW 8 million to debtor F in the Ilyang-si around March 25, 2013 to the debtor F in the amount of KRW 8 million each at 11,000 per five days (one day) and agreed to lend the above amount to the debtor F in the amount of KRW 8 million and receive interest equivalent to 118% of the interest rate from the loan. From that time to July 2014, the Defendant was as shown in the attached list of crimes (C).