A defendant shall be punished by imprisonment for not less than eight months.

However, the execution of the above punishment shall be suspended for a period of two years from the date this judgment becomes final and conclusive.

Criminal facts

The Defendant is a person who has, without certain occupation, engaged in stock trade as a main business, D as the representative director of E Co., Ltd. (hereinafter referred to as “E”), F is a person who actually engaged in G, which is a consulting company for corporate mergers (M&&A). H is a person who has served as the above G director, I was a person who has served as a J director from August 2010 to J director, and K is a person who has served as the chief of L.

On February 2, 2008, D, F, and H conspiredd to artificially raise the company's share price with a view to success in the stock allocation of 20 billion won, which was promoted as a financing plan for the entry into a poly-mixed renovation project in E in early 2008.

Accordingly, D provided F and H with each of the certificates of deposit (ROM) issued in the amount equivalent to KRW 1 billion on February 25, 2008 to F and H as funds for the operation of the E market price, and on March 10, 2008, the Industrial Bank of Korea bonds equivalent to KRW 2.1 billion at par value. Upon receiving a request from H and F to participate in the operation of the E market price, the Defendant began to trade shares to operate the E market price on February 2, 2008, and H and H provided an amount equivalent to the funds for the operation of the market price provided from D among the funds for the operation of the market price for the operation of the E market price, and I and K traded purchased shares to operate the E market price with the above funds.

[C] No person shall mislead any other person to believe that the transaction of listed securities is booming of active trading, or purchase and sell securities at the same time as he/she sells or purchases securities at the same price for the purpose of causing any other person to make a wrong judgment.

Nevertheless, on March 20, 2008, the Defendant, in collusion with D, sold 10,000 shares E from six (6) branch accounts of the National Bank of Korea of KIKO in N on March 20, 208 to six (09:35:21) and thereafter, invested securities in the name of O in 09:35:33.