Defendant shall be punished by a fine of three million won.

If the defendant does not pay the above fine, KRW 100,000.

Punishment of the crime

A person who intends to engage in a loan business shall register with the Mayor/Do Governor having jurisdiction over the relevant place of business.

Nevertheless, the Defendants conspired to engage in loan business from June 2016 to July 201 of the same year, such as lending the principal of KRW 2,500,000 to the debtor C under the conditions of KRW 57,500 per annum (27.6% per annum) on June 2016, without registering the lending business to the competent authorities.

Summary of Evidence

1. Statement by the defendant in court;

1. A protocol concerning the examination of suspects of D;

1. Statement made by the police for E;

1. A monetary loan agreement;

1. Written waivers of vehicles and written consent to permission for operation of vehicles;

1. Application of the Acts and subordinate statutes on the written accusation;

1. Relevant Article 19(1)1 and Article 3(1) of the Act on the Registration of Preliminary Loan Business, etc. and Protection of Financial Users concerning criminal facts, Article 30 of the Criminal Act (the occupation of a loan business without registration) and the selection of a fine;

1. Article 70(1) and Article 69(2) of the Criminal Act to attract a workhouse;

1. Article 334 (1) of the Criminal Procedure Act concerning the order of provisional payment;