Defendant shall be punished by a fine of KRW 3,000,000.

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

Punishment of the crime

On June 1, 2017, the Defendant established a stock company B (hereinafter “stock company C” on July 11, 2017) with the purpose of KRW 50,000,000 per share capital (50,000 per share), and the purpose of electronic commerce and telecommunications sales business, etc. (hereinafter “B”) and had been carried out a plan to establish and operate the virtual currency exchange as a representative director from July 10, 2017, while holding office as a representative director, the Defendant was willing to create the external appearance as if the capital was increased to KRW 500,00,000,00 in order to establish the virtual currency exchange.

Accordingly, around September 4, 2017, the Defendant borrowed KRW 100,000,00 from D and KRW 50,000,00 from E on the condition of temporarily returning them, and deposited KRW 300,000,000 separately raised by the Defendant in the F Bank account (G) with the F Bank account in the name of B, and issued a certificate of payment of KRW 450,00,000 from the Central Branch of F Bank affairs, and around September 6, 2017, the Defendant issued the above 450,00,000,000 among the shares of KRW 150,00,00,00 from the Seoul Seocho-gu Seoul District Court’s registration office, which was 3-3-4,000,000 from the above 150,000,000,000,000,000 were recorded in the said commercial electronic data processing system, and received the above 00,0000,000 shares.

Accordingly, the defendant, as the representative director B, commits the act of pretending the payment of stock price, and makes a false report to the public official.