Defendant shall be punished by a fine of KRW 10,000,000.

When the defendant does not pay the above fine, 100,000 won.

Punishment of the crime

A person who intends to run a loan business or a loan brokerage business shall register with the competent authority having jurisdiction over the relevant place of business, and where an unregistered credit service provider lends a loan to an individual or a corporation belonging to a small enterprise, the interest rate shall not exceed 25 percent per annum.

Nevertheless, on September 5, 2016, the Defendant agreed to receive interest exceeding 25% per annum from 12 persons, as indicated in the attached list of crimes, from around December 7, 2016 to December 7, 2016, and agreed to receive interest exceeding 13% per annum on a total of 20,000,000 won from 60,000 won per day to 60 times per day, while running a loan business with the name of “AF,” etc. without registering a loan business with the competent authorities.

As a result, the Defendant did not register the lending business to the competent authorities, and received interest exceeding 25% per annum.

Summary of Evidence

1. Statement by the defendant in court;

1. A suspect interrogation protocol concerning AH;

1. Each police statement with respect to AI, AJ, AK, and AL;

1. Domestic History Report (Attachment, etc. of Details of Loan Transactions) - AM account, internal investigation report (as regards the location and advertisement of the office of loan business), investigation report (as a result of the analysis of the digital evidence of Samsung Smartphone, extracted of the contents related to the loan business from among the results of the analysis of the evidence of Samsung Smartphone), investigation report (as a result of the analysis of the text message of the amount entered), investigation report (as a result of the analysis of the text message of the amount entered), investigation report (as a witness AK call investigation), investigation report (as a result of the analysis of the text message of the amount entered), investigation report [the date, amount, and interest rate related to the crime table (as a result of the suspect-related crime

1. Responses requesting cooperation in investigation;

1. A copy of the application for registration of loan business (AE loan), a copy of the education certificate, a real estate lease contract, a loan certificate, - the transaction details on Nov. 18, 2016, No. 310,000 won, No. 310,000 won, No. 310,000,000 won, transaction details on the new bank account (AO