Calculators & Self-ChecksProsecution Request Estimator
Transferring or acquiring a credit card: statutory penalty and likely requested sentence
The statutory penalty for Transferring or acquiring a credit card and the likely handling of the case depending on your circumstances. The results are for reference only.
- Statutory penalty
- Up to 1 year in prison or a fine of up to KRW 10 million (both may be imposed)
- Legal basis
- Credit Finance Business Act (여신전문금융업법), Articles 70(4)(3) and 15
- Category
- Property · Credit Finance Business Act (여신전문금융업법)
Calculate with your own circumstances
The amount in schemes such as paying off someone's overdue card bill and taking over the card in return.
What the handling steps mean
- Detention considered · Detention (구속): being held in custody during the investigation and trial under a court warrant when there is a risk of fleeing or destroying evidence
- Formal trial · Formal trial (구공판): the prosecutor asks the court for a trial, and you stand before a judge in a courtroom
- Summary fine · Summary indictment (약식기소): a procedure in which a fine is set on the documents, without a trial in a courtroom
- Suspension of indictment possible · Suspension of indictment (기소유예): the wrongdoing is recognized, but the prosecutor takes various circumstances into account and closes the case without sending it to trial
- Referral to the Family Court possible · Domestic or juvenile protection case: instead of criminal punishment, the Family Court imposes protective dispositions such as counseling, a no-contact order or community service
Handling standards at a glance
Listed from heaviest to lightest. The actual decision depends on the results of the investigation and your circumstances.
Detention considered
If the overdue debt paid is KRW 200 million or more, or there is a prior record of the same type and the scale is large, detention may be considered.
Formal trial (prison sentence requested)
- Likely requested sentence
- 6 months or more in prison
Summary fine
20% or more of the transaction amount, or 50% or more of the fees received.
Frequently asked questions
- Transferring or acquiring a credit card: what is the statutory penalty?
- Legal basis: Credit Finance Business Act (여신전문금융업법), Articles 70(4)(3) and 15. Statutory penalty: Up to 1 year in prison or a fine of up to KRW 10 million (both may be imposed).
- Transferring or acquiring a credit card: how is the case usually handled?
- Depending on the circumstances, it may be handled as follows: Detention considered, Formal trial (prison sentence requested), Summary fine. Enter your circumstances in the calculator above to see which one applies.
Other crimes in the same category
This is only an estimate based on how investigative agencies usually handle cases. The actual decision and request depend on the facts of the case, such as a settlement, prior convictions and how the crime happened, and on the judgment of the prosecutor in charge; the final sentence is decided by the court. If you are about to be questioned, do not rely on this result alone and talk to a lawyer first.
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