A defendant shall be punished by imprisonment for not less than one year and six months.

Punishment of the crime

The Defendant is the representative director of the Victim E Co., Ltd. (hereinafter referred to as “E”) located in Jung-gu Seoul Metropolitan Government D building 617, who exercises overall control over the operation of ocean-going vessels and the management and enforcement of funds.

1. On March 13, 2006, the Defendant, at the E office, remitted KRW 200,000 from the E’s corporate bank account in the name of the Defendant’s business to the Korean bank account in the name of the Defendant, from that time to February 24, 2010, totaling KRW 114,636,029, as shown in attached Table 1, from February 24, 2010 to the E’s corporate bank account in the name of E and foreign exchange bank account in the name of E, and embezzled by using it for personal purposes in Seoul daily.

2. On November 21, 2006, the Defendant sold “F” ships owned by E, and then embezzled KRW 12,000,000 out of the sales price for the said ships for personal purposes at around February 27, 2007 by receiving deposits from an enterprise bank account under the name of the Defendant and using them for personal purposes. From that time, until July 6, 2007, the Defendant deposited KRW 12,00,000 out of the sales price for the said “F” ships into the Defendant’s business bank account and embezzled them for personal purposes at the Seoul Central District Court.

3. Around June 26, 2008, the Defendant used golf membership purchased from the Republic of Korea under the name of E with funds prior to using the said golf membership under the name of E, and embezzled KRW 6,789,940 in total from the Republic of Korea to the bank account in the name of the Defendant from May 25, 2009, including deposit of KRW 750,000 from the said State and the said State and the said State and the said State and the Republic of Korea deposited KRW 750,000 in the bank account in the name of the Defendant from May 25, 2009 to May 25, 2009.

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