A defendant shall be punished by imprisonment for five years.

The defendant pays 6,787,309,907 won to an applicant for compensation.

3.2

Punishment of the crime

1. The defendant in violation of the Act on the Aggravated Punishment, etc. of Specific Economic Crimes (Embezzlement) is a person who was employed in the D Saemaul Depository in Gyeyang-si around 1990 and has been employed as a general manager in charge of managing the whole business affairs of the above community credit cooperatives from around 2010 to the date.

Around April 28, 2010, the Defendant transferred KRW 150,000,000 from the above account to the Gyeongnam Bank (G) account in the name of the Defendant in the name of the victim, which was deposited in money from customers at the above office of the Korea Saemaul Bank (F) and transferred KRW 28 times in total from April 28, 2010 to the Gyeongnam Bank account (F) account in the name of the Defendant from April 28, 2010 to the Gyeongnam Bank account (G) account in the name of the Defendant and new investment securities account in the name of the Defendant’s wife (J) in the name of the Defendant’s wife.

Accordingly, the defendant embezzled the victim's property.

2. From 2010 to 2010, the Defendant has been performing the duties of the secretary general who manages all the affairs, including the management of the membership fees of the Korea Literature Association.

On April 9, 2013, the Defendant transferred KRW 16,500,000 from the said account to the new investment securities account (H) in the name of the Defendant for the purpose of investing in personal stocks while the Defendant kept for business the account of community credit cooperatives (L) in the name of the victim, in which the Victim’s Association deposited the money in the D Saemaul Depository office.

B. On April 23, 2013, the Defendant: (a) while keeping for the sake of the victim the account of community credit cooperatives (L) in the name of the victim who deposited money deposited in the D community credit cooperative (L) at the D community credit cooperative office at the D community credit cooperative office (hereinafter “D community credit cooperative”); and (b) under the name of the Defendant’s wife, 45,000,000 won from the said account for personal stock investment.