Defendant shall be punished by a fine of KRW 5,000,000.

When the defendant does not pay the above fine, 100,000 won.

Punishment of the crime

The Defendant is a person who runs a loan business by distributing a leaflet that provides loans from around February 6, 2017 to March 4, 2017 to members of Changwon-si, Changwon-si.

1. Where a credit service provider without registration of a violation of the Act on the Registration of Side Business, etc. and Protection of Financial Users due to an excessive amount of law makes a loan, the interest rate shall not exceed 25 percent per annum;

On February 7, 2017, the Defendant entered into a loan agreement of KRW 3,700,000 with the son C at the Changwon-si, Changwon-si, the Defendant paid KRW 2,700,000,000 after deducting 10% interest from the son’s interest rate, and paid KRW 60,000 each day from the 65th day from the date of loan to receive interest rate of KRW 436.7% each year and agreed to receive interest rate of KRW 436.7% each year from the 65th day from the date of loan.

2. Any person who intends to engage in the business of registering large-scale side business, etc. by unregistered loan business and loan business violating the Act on the Protection of Financial Users shall file for registration with the Special Metropolitan City Mayor, Metropolitan City Mayor, Metropolitan Autonomous City Mayor, Do Governor or Special Self-Governing Province Governor having jurisdiction over each place of business

Nevertheless, on February 6, 2017, from around March 4, 2017 to around March 4, 2017, the Defendant distributed a leaflet that provides loans to the members of the Changwon-si, Changwon-si, without registering the lending business, and leased money to C who reported and contacted this under the same conditions as that set forth in paragraph (1).

3. No one, other than a credit service provider or a credit financial institution that violates the Act on the Registration of Side Business, etc. by advertising of unregistered credit service providers and the Protection of Financial Users, may place an advertisement for its loan business;

Nevertheless, from February 6, 2017 to March 4, 2017, the Defendant distributed a leaflet that provides loans from the directors of the Changwon-si, Changwon-si to the non-standing branch of the directors of Changwon-si and advertised the lending business.

Summary of Evidence

1. Statement by the defendant in court;

1. Statement made by the police against C;

1. Standard contract for loan transaction;

1. Loan pocketbooks;