Defendant shall be punished by imprisonment with prison labor of one year and six months, and fine of twenty thousand won.

The defendant does not pay the above fine.

Punishment of the crime

Any person who intends to engage in credit business shall register with the competent authority, and shall not receive interest exceeding the interest rate provided for in the Interest Limitation Act (40% per annum from April 22, 2009 to October 25, 201, 30% per annum from October 26, 201 to July 14, 201, and 25% per annum from July 15, 2014) from unregistered credit service providers.

The Defendant, without registering a credit business with the competent authority on June 25, 2013, lent KRW 1,200,000 to E at the D Beauty Room located in Seo-gu, Busan, Busan, to receive KRW 12,00 won each day (annual interest rate of 136%) for the total of KRW 1,20,000 per annum (one hundred and thirty6%) (i.e., payment of interest pursuant to the above agreement) and, from June 25, 2013 to December 24, 2013, as indicated in the [Attachment List] from June 25, 2013 to December 24, 2013, the Defendant operated credit business without registering with the competent authority on a total of KRW 24,410,000,000,000 for 135 occasions, and transferred and received all interest rate of KRW 12,410,000 through 138,208.

Summary of Evidence

1. Defendant's legal statement;

1. Each police statement of the F, G, H, I, J, K, L, M, and N;

1. The police seizure record and the list of seizure;

1. A copy of the passbook, financial transaction details, number of days, president, copy of the notice of maturity for payment, certificate of contents and date of credit transfer and takeover, contract and list of bonds transfer and takeover, number of days, number of days, loan account books, number of days, book book, bond transfer and takeover

1. Application of the Acts and subordinate statutes to each investigation report (the failure of a debtor to appear and make telephone statements, statements by a victim's excursion ship, and statements by a victim PPR, respectively);

1. Article 19 (1) 1 and Article 3 (1) of the Act on the Registration of Credit Business, etc. and Protection of Finance Users regarding criminal facts and the Selection of Punishment, etc., and Article 19 (2) 3 and Article 11 (1) of the Act on Registration of Credit Business, etc. and Protection of Finance Users exceed the interest rate.