A. It is acknowledged that: (a) the Plaintiff paid KRW 29 million to the Defendant on October 23, 2017; (b) the Defendant entered into an agreement with the Plaintiff on June 22, 2018, stating that “the Defendant shall confirm the borrowing of KRW 29 million from the Plaintiff; (c) the Plaintiff shall pay the said KRW 29 million until December 2018; and (d) the interest rate on KRW 580,00 (24% per annum) shall be paid on the 23th day of each month (the Defendant asserted that he did not know of the maturity or interest rate of KRW 29,00,000,000,000,000,000 to the Plaintiff on June 22, 2018; (d) the Defendant did not accept the agreement with the Plaintiff on June 22, 2018 as well as the agreement with the Plaintiff on KRW 29,500,000,000,00,00.

According to the above facts, the defendant is obligated to pay to the plaintiff the agreed interest of the above 29 million won and the late payment damages of the above 3,480,000 won from September 24, 2018 to March 23, 2019 (i.e., 580,000 won per month x 6 months) plus 3,248,00 won per annum for the above 29,000 won (=2.9 million won per month x 3,480,00 won) and the late payment damages of the agreement calculated at the rate of 24% per annum from March 24, 2019 to the date of full payment.

2. In conclusion, the plaintiff's claim against the defendant is reasonable, and it is so decided as per Disposition.