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

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

Punishment of the crime

1. Any person who intends to engage in credit business in violation of the Act on Registration of Unregistered Credit Business and Protection of Financial Users shall file for registration with the Special Metropolitan City Mayor, Metropolitan City Mayor, Special Self-Governing City Mayor, Do Governor or Special Self-Governing Province Governor having jurisdiction

Nevertheless, the Defendant, without registering with the competent authority from August 2018 to October 24, 2019, lent money to a large number of customers, including F and G, in the name of Changwon-si member B, C, and E, from the end of the relevant year to October 24, 2019, and received the principal and interest on the agreed date.

Accordingly, the Defendant run a credit business without registering the credit business.

2. Where a credit service provider registered in violation of the Act on Registration of Credit Business, etc. and Protection of Financial Users concerning credit business, etc. which exceeds the interest rate, the interest rate shall not exceed 24 percent per annum;

Nevertheless, the Defendant:

A. A. Around March 25, 2019, at a singing practice room located in H in Changwon-si around 2019, F was paid KRW 60,000 per day to F in return (interest rate of KRW 3,00,000 per annum) for 65 days, and lent KRW 3,000,000 per day to F, and then received interest exceeding the restriction rate by obtaining a total of KRW 3,90,000 from F.

B. On March 29, 2019, G operational restaurant in Changwon-si I was paid KRW 40,000 per day to G in 60 days (interest rate of KRW 225.7%) and lent KRW 2,00,000 per day to G, and received interest exceeding the limited interest rate after obtaining a total of KRW 1.4 million from G.

Accordingly, the Defendant received interest exceeding 24% per annum.

3. No one may place an advertisement for credit business, other than credit service providers or credit financial institutions that have registered credit business, in violation of the Act on Registration of Credit Business, etc. and Protection of Financial Users.

Nevertheless, the Defendant employed J, K, and L as an employee, and then employed from November 2018 to October 24, 2019, was the so-called the so-called Changwon-si colon of Changwon-si.