Defendants shall be punished by a fine of two million won.

Defendant

If A does not pay the above fine, 100,000.

Punishment of the crime

Defendant

A is a person who is working as a representative director of Defendant B from May 22, 2017 until now, and Defendant B is a corporation with the purpose of issuing a letter of guarantee.

1. Any person who intends to run a guarantee insurance business shall obtain permission from the Financial Services Commission;

Nevertheless, on July 3, 2017, the Defendant, without permission from the Financial Services Commission, run an unauthorized Guarantee Insurance Business with a guarantee certificate issued in the name of B Co., Ltd. in Gangnam-gu Seoul on July 3, 2017, that guarantees the performance bond of development activities in the name of E and F in Nam-gun E and F prior to D, 82,766,00 won.

2. Defendant B, a representative director of the Defendant, committed the above violation in relation to the Defendant’s business at the date and time, and at the place specified in paragraph (1).

Summary of Evidence

1. Statement of the police statement related to G;

1. A written accusation, a letter of guarantee, a certificate for all the registered matters B, and B’s Internet site closures;

1. Application of the laws and subordinate statutes to each investigation report (the result of telephone investigation and search for "salute" search for financial consumer information)

1. Relevant Article of the Act and the choice of punishment for the crime;

(a) Defendant A: Article 200 subparag. 1 and Article 4 subparag. 1 of the Insurance Business Act (Determination of penalty);

(b) Defendant B: Articles 208(1), 200 subparag. 1, and 4(1) of the Insurance Business Act

1. Defendant A who is detained in a workhouse: Articles 70 (1) and 69 (2) of the Criminal Act;

1. Defendants of the provisional payment order: Article 334(1) of the Criminal Procedure Act