Defendant shall be punished by a fine of KRW 5,000,000.

When the defendant does not pay the above fine, 100,000 won.

Punishment of the crime

The defendant is a person who runs a business without a registered loan, and the defendant is a person who took part in the crime by spraying advertising leaflets in the defendant's operation of a business without a registered loan.

No person who intends to run a loan business or a loan brokerage business shall register with the 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 shall receive interest exceeding 25% per annum when he/she conducts a loan business without registration.

1. The Defendant violated the Act on the Registration of Loan Business, etc. and the Protection of Financial Users from April 10, 2017 to May 30, 2017 recruited the debtor by operating an office to operate a building without registration under subparagraph 202 of the building Nam-gu Incheon Metropolitan City E-gu from May 30, 2017, by allowing the said B, D, and C to spread the name cards stating “on an increase of time, day loan, no absolute inquiry record, and no unsecured guarantee.”

On April 10, 2017, the Defendant lent KRW 1.9 million to the obligor F in the French-dong, Songpa-gu, Seoul, and received annual interest rate of KRW 292.1% from 40,000 per day to 60 days thereafter, and received annual interest rate of KRW 292.1% from around that time to May 30, 2017.

Accordingly, the defendant, without being registered, operated a large side business, and received interest exceeding the legal interest.

2. No person who violates the telecommunications business shall open a mobile communications terminal device which concludes a contract for the provision of telecommunications services in the name of another person on the condition of providing or lending funds, and use the telecommunications service provided to such mobile communications terminal device.

The defendant is registered as a police officer on March 2017.