On December 8, 2003, Boan Mutual Savings Bank, Inc., established a loan to the Defendant at the rate of KRW 450 million with 14.5% per annum on December 8, 2006, interest rate of KRW 14.5% per annum and damages for delay rate of KRW 25% per annum.

On September 5, 2011, the Financial Services Commission made a decision on the transfer of contracts with respect to a mutual savings bank, which is deemed a stock company, pursuant to Article 14(2) of the Act on the Structural Improvement of the Financial Industry, to allow the Plaintiff to succeed to the above loan claims. On September 6, 2011, the Financial Services Commission publicly announced the decision on the transfer of contracts pursuant to Article 14-

The principal of the loan as of December 29, 2008 is KRW 429,856,451.

[Ground of recognition] According to the facts of the above recognition, the defendant is obligated to pay to the plaintiff 429,856,451 won of the above loans and damages for delay calculated by the rate of 25% per annum from December 30, 2008 to the date of full payment.

In conclusion, the plaintiff's claim of this case is justified and it is so decided as per Disposition.