Defendant shall be punished by a fine of eight million won.

If the defendant does not pay the above fine, KRW 100,000.

Punishment of the crime

[criminal records] On December 5, 2016, the Defendant was sentenced to eight months imprisonment with prison labor for the registration of loan business, etc. and violation of the Act on the Protection of Financial Users at the Busan District Court, and the judgment became final and conclusive on April 18, 2017.

[2] The Defendant: ① (a) informed the applicant of the ID and password of the Buddhist game winners’ IDs and passwords that he received from the applicant for the loan; (b) had the applicant pay the game money by accessing the games such as the pertinent Adiditer PK and Do; and (c) had the game money manager confirm it and pay an amount equivalent to approximately 70% of the settlement amount; (d) transfer the amount of 50% of the settlement amount to the applicant for the loan (it means that the Defendant acquired information usage fee as profits; (e) the Defendant acquired the difference as profits; and (e) the game money business operator disposes of the amount equivalent to approximately 70% of the difference at a higher price and disposed of profits at the above higher price); and (ii) had the applicant for the loan pay the money to the applicant for the settlement of the amount of money by purchasing the Defendant’s online shopping mall goods with the Defendant’s online small amount of money; and (e) had the applicant borrow money equivalent to about 80% of the money to the applicant for the loan and sell the money directly to the applicant.

1. Any person who violates the Act on the Registration of Loan Business, etc. and the Protection of Financial Users shall register his/her loan business or loan brokerage business with the competent authority having jurisdiction over the relevant place of business, and shall not receive interest exceeding 25% per annum if an unregistered credit service provider grants a loan;

Nevertheless, the Defendant did not register his/her lending business with the competent authority on March 11, 2016, and in the Defendant’s residence in Goyang-si, Goyang-si, Gyeonggi-do, and the Defendant’s residence in Goyang-si, 838, the Defendant contacted the Defendant C with the applicant and caused him/her to use mobile phone information.