Defendant shall be punished by a fine of KRW 2,000,000.

In the event that the Defendants did not pay the above fine, the above fine shall be paid on 100.

Punishment of the crime

The Defendant is a person who operates the Internet mobile phone sales business in the name of “B” and runs a business without registration at the Cheongju and Daejeon.

A person who intends to engage in loan business shall register with the Mayor/Do Governor having jurisdiction over the relevant place of business, and where an unregistered credit service provider grants a loan, the interest rate shall not exceed 25% per annum, and where a credit service provider lends a loan to an individual, the interest rate shall not exceed 34.9% per annum.

On February 27, 2015, the Defendant would offer money per unit in order for the Defendant to sell an Internet NAV online apartment in order to sell it by opening a phone on the Internet NAV bulletin board in Seocho-gu, Seocho-gu.

“Along with the content inserted in the advertisement, “a loan of KRW 1,450,00,00 calculated by deducting KRW 550,000 from the advance interest, and a loan of KRW 766,00 per month was granted under the condition to repay KRW 760,000 per month for 90 days,” as well as a loan made three times in the same manner between April 9, 2015 and a payment of interest exceeding 25% per annum.

Accordingly, the Defendant received interest exceeding 25% per annum while engaging in a loan business without registering with the competent authorities.

Summary of Evidence

1. A protocol concerning the examination of the police officers of the accused;

1. Application of Acts and subordinate statutes on police statements made to D;

1. Article 19 (1) 1, Article 3, Article 19 (2) 3, and Article 11 (1) of the Act on the Registration of Preliminary Loan Business, and the Protection of Financial Users, concerning facts constituting an offense (excluding punishment) and Articles 19 (1) 3 and 11 (2) of the same Act;

1. The former part of Article 37 of the Criminal Act, and Articles 38 (1) 2 and 50 of the same Act, which aggravated concurrent crimes;

1. It is so decided as per Disposition for the reasons under Articles 70(1) and 69(2) of the Criminal Act or above.