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1. Defendant A shall be punished by a fine of KRW 10,000,000.
When the defendant does not pay the above fine.
Reasons
Punishment of the crime
Defendant A of "2017 Highest 804"
1. When a person intends to engage in a loan business with no registered loan business, he/she shall register with the competent authorities;
Nevertheless, Defendant A, without registering with the competent authority, made 19,200 copies of the number of days, and distributed two-wheeled vehicles to unspecified areas, and advertised them, around November 201, 2016, Defendant A operated a loan business without registration over 11 times in the same manner as the daily list of crimes, by reporting that the number of days shall be 50,000 won from a walscit farm located in the F cafeteria located in Seopo-si, Seopo City, Sinpo-si, and lending 2,50,000 won to G who contacted him/her on the condition that he/she shall be repaid 65,000 won per day for 65 days.
2. Where a credit service provider with no registration exceeding the interest rate makes a loan, the interest rate shall not exceed 25 percent per annum;
Nevertheless, on November 2016, the Defendants agreed to receive KRW 50,000 won per 65 days per day, including the interest until principal is repaid, from G with a citrus farm located in the F restaurant located in Seopopo City E, and received interest exceeding the restricted interest rate from around that time to the following day: (a) the Defendants agreed to receive KRW 2,250,000 per annum, and received interest at the rate exceeding the restricted interest rate pursuant to the above agreement; and (b) the Defendants received interest exceeding the restricted interest rate in the same manner as the attached list of crimes.
Defendant B, A, and C of 2017 Highest 1679
1. When a person intends to engage in a loan business with no registered loan business, he/she shall register with the competent authorities;
Nevertheless, Defendant B, without registering, employs Defendant A as an employee and employs Defendant C as an employee on July 2015, around September 2016, ordered them to periodically distribute the name cards for loan advertising and to collect loans from them. On July 2016, 2016, Defendant B, who reported and contacted Defendant C’s loan advertising in front of the “I” restaurant located at H, and 40 million won per day.