Defendant shall be punished by a fine of KRW 5,000,000.

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

Punishment of the crime

On November 27, 2015, the Defendant was sentenced to two years of imprisonment with labor for a violation of the Act on Financial Business Specializing in Credit in Suwon District Court, and the judgment became final and conclusive on April 18, 2016.

The Defendant, along with E and F, established 23 old-age corporations, including Co., Ltd., G, etc., for raising credit card holders who need funds, and registered as credit card member stores and made credit card holders who need financing to pay 90% of the settlement amount by cash, and the Defendant was willing to evade the Defendant’s comprehensive income tax without filing a report on the Defendant’s loan business income.

On June 26, 2014, the Defendant: (a) purchased goods with a credit card in the name of the said holder upon a request for financing from a credit card holder; (b) falsely pays 90% and 267,840 won, excluding the money paid in cash to the said holder; and (c) calculated income from the loan business of KRW 267,840,00, excluding the money paid in cash, from June 26, 2014 to October 15, 2015, the Defendant, as indicated in the list of crimes in the attached Table, calculated a total of 346 times from June 26, 2014 to 346 times; (d) however, (e) established 23 U.S. corporations, G et al. used for the crime in the name of a third party, other than the Defendant, and operated the loan business in the name of the said holder; and (e) did not file the Defendant’s loan business in the name of 25 years and 37 years, 2014.

In this respect, the defendant commits fraud or other crimes.