A. On April 13, 2012, the Plaintiff entered into a contract between B and the Defendant Company, claiming that the power of representation was granted by the Defendant Company as an employee of the Defendant Company, to supply 60 tons of steel bars equivalent to KRW 55,275,00 (including value-added tax). Around that time, the Plaintiff supplied 60 tons of steel bars at the construction site as instructed by B.

B. On October 12, 2012, B promised to pay the said steel contract price to the Plaintiff by October 19, 2012, and the Defendant Company agreed to pay the steel contract price directly in the event that B fails to pay the steel contract price by the said date.

C. B remitted KRW 4 million to the steel bars on June 4, 2013.

[Ground of Recognition] Facts without dispute, Gap 1 through 6 evidence, Eul 5 evidence, witness Eul's testimony and the purport of whole pleadings

2. Judgment on the ground of the Plaintiff’s claim

A. According to the above facts of recognition, the defendant is obligated to pay the above contract amount and damages for delay to the plaintiff.

Meanwhile, the Defendant asserts that the amount of KRW 4 million paid by B should be deducted from the above agreed amount. As such, the Defendant paid KRW 4 million to the Plaintiff on June 4, 2013. As seen earlier, the Defendant’s repayment of the said amount is 1,726,397 won (5,275,000 x 0.05 x 228/365) from October 20, 2012 to the date following the date of payment pursuant to Article 479 of the Civil Act, and the Defendant’s repayment of each amount in the order of KRW 53,001,397 won [5,200,000 won] from June 4, 2013 to the date of full payment, and thus, the Defendant Company is obligated to pay the amount of the above agreed amount at the rate of KRW 1,726,395,000 per annum from the date following the date of payment to the date of full payment.

B. As to this, the defendant shall affix his seal impression to the defendant company B.