Defendant shall be punished by a fine of KRW 8,000,000.

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

Punishment of the crime

Any person who intends to engage in credit business shall register with the Special Metropolitan City Mayor, etc. having jurisdiction over the relevant place of business, and shall not receive interest exceeding the maximum interest rate under contract for lending and borrowing of money (30% per annum until July 14, 2014 and 25% per annum from July 15, 2014) provided for in the Interest Limitation Act if an unregistered credit service provider provides a loan.

Nevertheless, on April 29, 2013, the Defendant, without registering a credit business, lent KRW 1,700,000,000 to B out of the principal amount of KRW 2,00,000,000, and actually loaned KRW 1,70,000 from around that time to June 23, 2013 by deducting KRW 40,000 per day from the principal amount of KRW 2,20,000 per annum from around 2,00,000 per annum and received interest exceeding the interest rate of 353% per year from June 23, 2013 as shown in the attached list of crimes.

Summary of Evidence

1. Defendant's legal statement;

1. Each police statement concerning B and C;

1. Details of each transaction, details of loans and collection, details of annual interest calculation on the basis of the number of days, and details of loans and collection books;

1. Report on investigation (report on the review of details of admission and departure of a suspect), and application of Acts and subordinate statutes to report on investigation (Listening to suspect telephone statements);

1. Article 19(1)1 of the Act on the Registration of Credit Business, etc. and Protection of Finance Users for Criminal Facts and Articles 19(1)1, 3(1) of the Act on the Registration of Credit Business, etc. and Protection of Finance Users (including the fact of running unregistered credit business), Articles 19(2)3 and 11(1) of the Act on the Registration of Credit Business, etc. and Protection of Finance Users, and Article 2(1) of the former Interest Limitation Act (Amended by Act No. 12227, Jan. 14, 2014; the remaining part excluding No. 37 of the attached Table of Crimes; the receipt of interest exceeding the interest rate) on the registration of Credit Business, etc. and Protection of Finance Users; Article 19(2)3 and 11(1) of the Act on the Registration of Credit Business, etc. and Protection of Finance Users; Article 2(1) of the Interest Limitation Act No. 37 of the annexed Table of Crimes.