A defendant shall be punished by imprisonment for not more than ten months.

Punishment of the crime

The defendant has served as the representative director of D Co., Ltd.

The facts are as follows: D Co., Ltd., which had been the representative director from around 2000, implemented the improvement project of the F market in Gwangju City; however, the defendant had only 30% shares in the above company; D Co., Ltd. borrowed KRW 2 billion from the contractor, Samju Construction Co., Ltd. due to the lack of funds for the implementation of the project; borrowed KRW 7.5 billion from the subcontractor; however, it borrowed KRW 7.5 billion from the subcontractor, while investors did not repay the loan principal and interest due to the difference in the loan distribution among investors, business delay, etc., the land equivalent to 57% of the total project site was transferred to the public sale on June 2006, which was the land amounting to 57% of the total project site; and the construction after the bid of the above land was awarded,

In addition, for the maintenance project of a conventional market, the procedures such as designation of a market improvement project implementation zone, approval of a project promotion plan, project implementation authorization, removal, construction etc. shall be followed. However, around October 11, 2010, the permanent market in Gwangju City was designated as a zone for the market improvement project, and the progress of the project is unclear as it is not clear whether the market improvement project has been established as a zone for the market improvement project due to non- cooperation of Samju Construction Co., Ltd.

Nevertheless, on October 20, 2006, the Defendant: (a) at the office D Co., Ltd. (hereinafter referred to as the “D”) around October 2006, after obtaining a building permit for the said market improvement project, sought money from G who is unaware of the fact, and (b) H and I, who work together with G, will deposit KRW 200 million with the victim J. (hereinafter referred to as the “victim”); and (c) as such, he will deposit the money for the sale of buildings redevelopment in the F market with the victim J, the Defendant would have the victim entrust the sale of the buildings redevelopment in the name of the deposit money for the sale contract around the 24th of