(1) A person who, by extortion, causes another to surrender his or her property or obtains pecuniary advantage from the latter, shall be punished by imprisonment with labor for not more than ten years or by a fine not exceeding 20 million won. <Amended on Dec. 29, 1995>
(2) The preceding paragraph shall apply to a person who, by the methods of the preceding paragraph, causes a third person to obtain a surrender of such person's property or to obtain pecuniary advantage from the latter.