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

However, the execution of the above punishment shall be suspended for two years from the date this judgment becomes final and conclusive.

Criminal facts

1. The Defendant violated the Act on Registration of Credit Business, etc. and Protection of Financial Users: (a) paid in arrears the credit card price or lent money to a person requesting a loan on behalf of a credit card holder; (b) received information from the credit card member, and then, (c) by using the credit card member information from the person requesting a loan on behalf of a credit card; (d) made an outer appearance as if he purchases goods or provides a service on behalf of a credit card holder, and uses a credit card; and (e) requested a credit card merchant to cashe the credit card using the credit card; (b) made an unwritten request for the cashing of the credit card from the credit card company; and (c) made an unwritten request for the credit card merchant by using the credit card information received from the Defendant; and (d) the Defendant made an advertisement to an unspecified number of persons requesting a loan on behalf of a credit card holder or a loan on behalf of the credit card holder; and (d) made a public offering with 10% loan amount and 8% loan amount acquired by using the credit card in the above way of loan agreement.

Therefore, the Defendant, without registering with the competent authority, acquired the credit card information of his national bank from C, which was reported to and contacted with the Defendant on February 2, 2014, and then transferred KRW 1,653,440 as requested by C to the account in the name of C around February 17, 2014.