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 engage in credit business, in violation of the Act on Registration of Credit Business, etc. and Protection of Finance Users, shall register the relevant place of business with the administrative agency having jurisdiction over the relevant place of business, and where any unregistered credit service provider lends a loan to an individual, he/she shall not receive interest in excess of the statutory limit (24

Nevertheless, the Defendant, without registering a credit business with the competent authority on February 21, 2018, loaned KRW 800,000 to C at the Dong-si B and the Defendant’s office on February 21, 2018, agreed to pay interest of KRW 1.6 million per annum for eight months and received interest of KRW 300,000 per annum from that time until December 11 of the same year.

Serial 2018-0218-210,000 annual interest rate of 2018-210,000 20-19 8 (8 months) 1,600,000 20 2018-30,000 7 2018-10-25 (7 months) 200,00 30,000 30,003 208-10,000 208-20, 2018-10,000 20, 2018-10,000 20, 208-10,000 20-10,000 20,000 20-10,06 10-6 months 20,000 30-4,000 30-1,06 months 208

2. On August 9, 2019, the Defendant was required to prepare a notarial deed stating that “The victim was in arrears in paying interest when he/she borrowed and received interest from the victim C (E) as described in paragraph (1) at a restaurant of “D and E” on August 16:10, 2019, but the victim refused to pay the notarial deed stating that “the Defendant has a claim to pay KRW 12 million from the victim,” but the victim refused to pay it.