The defendant's appeal is dismissed.

1. The main point of the grounds for appeal is that the lower court’s punishment (five million won of fine) is too unreasonable.

2. Although the Defendant did not have the same criminal record, and the Defendant led to a confession of the crime, the method of punishment is planned, the size of the defrauded amount reaches KRW 12 million, and the Defendant did not agree with the victim. Considering the circumstances that constitute the conditions for the sentencing of the instant case, such as the Defendant’s age, character and conduct, motive, means and consequence of the crime, the circumstances after the crime, etc., the lower court’s punishment is too unreasonable.

3. In conclusion, the defendant's appeal is without merit and it is so decided as per Disposition in accordance with Article 364 (4) of the Criminal Procedure Act.