A. On November 2016, the Plaintiff leased KRW 300,000,000 to C at first time, at interest rate of 24% per annum, and on November 10, 2017, and the Defendant guaranteed the Defendant’s obligation to the Plaintiff on the same day.

B. Therefore, the Defendant is jointly and severally liable with C to pay to the Plaintiff the interest rate of KRW 300,000,000 as well as damages for delay calculated by the rate of 24% per annum from December 1, 2016 to the date of full payment.

2. Article 208(3)2 of the Civil Procedure Act of the applicable provisions of the Acts (a judgment of confession, the defendant only submitted a formal objection after being served with the authentic copy of the payment order, and did not submit a reply or a preparatory document containing specific contents, and did not appear on the date for pleading, and therefore, it is deemed that all of the plaintiff's allegations were led to a confession under Article 150(3) of the