Defendant

A A Fines 2,00,000 won, Defendant B’s fine 5,000,000 won, and Defendant C’s fine 3,000,000 won.

Punishment of the crime

A person who intends to engage in loan business or loan brokerage business shall register with a Special Metropolitan City Mayor, Metropolitan City Mayor, Metropolitan Autonomous City Mayor, Do Governor, or Special Self-Governing Province branch having jurisdiction over the relevant place of business, and where a credit service provider lends a loan to an individual, the interest rate shall not exceed 40/100 per annum (27.9% after March 3, 2016), and where a unregistered credit service provider grants a loan, the interest rate shall not exceed 30/10 per annum (25% after July 15, 2014).

1. Defendant A was registered with the trade name of “E”, and the Defendant was a person engaging in loan business, respectively, with the trade name of “F.” On January 2016, Defendant AD delivered KRW 1,50,000,000,000, excluding KRW 400,000,000 and KRW 50,000,000,000,000,000,000,000,000,000 won, and the interest was paid pursuant to the said agreement.

Accordingly, in collusion with D, the Defendant received 353% interest per annum exceeding 40% per annum.

2. Defendant B did not register with the competent authority on May 1, 2014, the Defendant issued 4.750,000 won, excluding the fee of KRW 2.50,000,00,000 per day, to I, which became aware of through the introduction of the branch, on the condition that I would pay 60,000 won each day on 1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,00,000,000,00

Accordingly, the defendant operated unregistered loan business and received interest exceeding the limited interest rate.

3. The Defendant: (a) was registered with the trade name “L” and run a lending business; and (b) received 240,000 won per month from the N Bank located in Busan Metropolitan Government M on August 30, 2016, a loan advertisement was reported and contacted.