The defendant's appeal is dismissed.

1. The gist of the grounds for appeal is that of the lower court’s punishment of KRW 400,00,000 is too unreasonable.

2. In full view of the following circumstances: (a) the judgment of the court below; (b) the risk foreseeable in the event of operating an automobile not covered by mandatory insurance; (c) the period during which the defendant did not subscribe to mandatory insurance; and (d) the defendant’s age, character and conduct, environment; (d) the circumstances and consequences of the instant crime; and (e) the circumstances after the commission of the crime; and (e) the sentencing conditions specified in the proceedings and arguments, the sentence of the court below which partially reduced the fine amount by 50,000 won is appropriate

3. Therefore, the defendant's appeal is dismissed in accordance with Article 364 (4) of the Criminal Procedure Act, since the defendant's appeal is without merit. It is so decided as per Disposition.