Defendant shall be punished by a fine of KRW 2,000,000.

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

Punishment of the crime

The Defendant is a person who engages in credit business under the trade name of Daegu Southern-gu B, 301 to C.

No credit service provider or person who actually engages in credit business may charge any interest exceeding 34.9 percent on a loan to any individual or small-scale corporation.

Despite this, the Defendant lent KRW 1 million from E's house located in Daegu Northern-gu D on April 4, 2014 to E, and offered KRW 100,000 as prior interest fee, and issued KRW 90,000,000 as prior interest fee, and made a loan at an annual interest rate of KRW 577.3% on condition that 30,000 won shall be repaid every day for 41 days, in excess of the interest rate limit.

Summary of Evidence

1. Defendant's legal statement;

1. Application of Acts and subordinate statutes on police statement to E;

1. Article 19 (2) 3 and Article 8 (1) of the Act on the Registration of Credit Business, etc. and Protection of Finance Users concerning facts constituting an offense;

1. Articles 70 (1) and 69 (2) of the Criminal Act for the detention of a workhouse;