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

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

Punishment of the crime

1. A person who intends to engage in credit business, etc. in violation of the Act on Registration of Credit Business, etc. and Protection of Financial Users (unregistered credit business) is registered with the competent authority having jurisdiction over the relevant place of business, but on October 4, 2018, the Defendant did not register his/her credit business. On October 4, 2018, he/she loaned KRW 2,00,000 to C at a coffee shop on the three-story department stores in Busan Jung-gu, Busan, and paid KRW 1,80,000 excluding advance interest amount of KRW 20,000,000 each month, and paid interest of KRW 2,00,000 each month on a three-month basis on January 4, 2019 and carried out credit business by means of lending KRW 50,000,000 in total to C on October 27, 2018, as stated in the attached list of crimes.

2. Where a unregistered credit service provider violates the Act on Registration of Credit Business, etc. and Protection of Financial Users (excess of interest rate) lends a loan, the highest interest rate shall not exceed 24% per annum, notwithstanding the fact that the Defendant, on October 4, 2018, lent 2,00,000 won to C at the coffee shop on the third floor of Busan Jung-gu department store B, Busan, and paid 1,80,000 won, excluding 2,00,000 won prior interest, and paid 2,00,000 won per month for three months on January 4, 2019. The Defendant agreed to pay 2,00,000,000 won per annum and agreed to pay interest rate of 133% per annum on January 4, 2019, together with the interest rate of 30,000 won per annum 1330,0000,0000 per annum as stated in the attached Table.

Summary of Evidence

1. Defendant's legal statement;

1. Statement of the police statement regarding C;

1. Application of Acts and subordinate statutes to investigation reports (Attachment of Details of Transactions C);

1. Article 19(1)1, Article 3(1) of the Act on Registration of Credit Business and Protection of Financial Users (which means the operation of unregistered credit business) and Article 19(2)3, and Article 11(1) (which means the receipt of amounts exceeding the legal interest rate), inclusive, of the pertinent Article on criminal facts and the choice of punishment.