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1. Defendant A
(a) be punished by a fine of thirty million won;
B. 10,000 if the defendant does not pay the above fine.
Reasons
Punishment of the crime
On November 5, 2014, Defendant B was sentenced to a suspended sentence of ten months for fraud at the Seoul Western District Court (Seoul Western District Court) and on June 11, 2015, the above sentence became final and conclusive.
Criminal facts
Defendant
A was established around March 1993 as a manufacturer of metal short-form products, and was a major shareholder of the KJ's interest in around 2008 listing on the KOSDAQ on January 4, 201, and the KH which was abolished on May 4, 2013 (hereinafter "H"). Defendant B is a person who works as the I representative director of the real estate implementing company from around 201 to around 1998, and Defendant C is a person who worked as the I representative director of the KJ from around 1987 to around 199 and worked as the I representative director of the KJ from around 1999.
1. A person who holds stocks, etc. of a stock-listed corporation of Defendant A in bulk (where the total number of stocks, etc. held by him/herself and any specially related person is at least 5% of the total number of such stocks, etc.), shall report the details of such changes to the Financial Services Commission and the Exchange within five days from the date on which he/she holds the stocks, etc., and shall report the details of such changes to the Financial Services Commission and the Exchange within five days from the time when the ratio of stocks held is changed by at least 1%, and an executive or major shareholder of a stock-listed corporation shall report to the Financial Services Commission and the Exchange, within five days from the date on which he/she becomes an executive or major shareholder, and if there is a change in the holding status of such specific stocks, etc., he/she shall report the details to the
A. The Defendant violated the obligation of large-scale possession of stocks is likely to exercise rights, such as compulsory execution, by concerns over the obligees’ exercise of rights on his/her own behalf, because he/she was unable to repay obligations owed by financial institutions, such as K, which were operated before H establishment, and became bad credit holders, and held stocks in his/her own name at the time of H listing.