I am curious if this is a violation of the financial real-name system.

Here is the response regarding violations of the financial real-name system.

The financial real-name system is a system that requires all customers of financial institutions to conduct financial transactions only in the name of the actual financial transaction party, not under a pseudonym or another person's name.

This is an important regulatory mechanism for financial order, designed to clarify the source of funds and block tax evasion, money laundering, and the circulation of illegal funds.

First, under the Financial Real-Name Act, all financial transactions must be conducted only in your own real name, and using or lending an account under another person's name in violation of this is entirely illegal.

Even if you simply lend an account out of kindness, this constitutes a violation of the financial real-name system, and both the person who lent the account and the person who used it may be subject to imprisonment for up to 5 years or a fine of up to 50 million won.

In addition, if such an account lent in another person's name is used for illegal acts such as voice phishing, illegal private finance, evasion of creditors, or tax evasion, the person who lent the account may also become subject to criminal punishment.

Please be aware that there are quite a few cases where people are actually prosecuted as accomplices or aiders.

Therefore, no matter how difficult your friend's situation is, providing your own account to another person constitutes a violation of the financial real-name system and can lead to very serious legal liability.

I recommend that your friend seek legal solutions together with the help of a legal expert.

Since the legal risk is significant, please establish an accurate response direction with a finance specialist attorney at Daeryun Law Firm as soon as possible.