All appeals by the Defendants are dismissed.

1. The sentence sentenced by the first instance court on the summary of the grounds for appeal (unfair sentencing) is too unreasonable (the fine of KRW 5,000,000, Defendant B’s fine of KRW 30,000,000, Defendant C’s fine of KRW 15,000,000, and confiscation).

2. There is no change in circumstances that may be considered in sentencing after the judgment of the first instance court, and considering the various conditions of sentencing as shown in the records and pleadings of the instant case, even considering the circumstances asserted by the Defendants on the grounds of appeal, the first deliberation sentence against the Defendants is too unreasonable.

3. In conclusion, the Defendants’ appeal is without merit and all of them are dismissed under Article 364(4) of the Criminal Procedure Act.