A. On January 4, 2008, the Defendant borrowed KRW 20 million from an agricultural cooperative granted by the agricultural cooperative (hereinafter “agricultural cooperative granted”), and the Plaintiff jointly and severally guaranteed the Defendant’s debt.

B. However, on April 15, 2016, the Plaintiff subrogated for KRW 21,738,284 of the principal and interest of the above loan to the Nonghyup AFF granted the said loan on behalf of the Defendant.

C. Therefore, the Defendant is obligated to pay to the Plaintiff the amount of indemnity, calculated at the rate of 5% per annum as stipulated by the Civil Act from April 15, 2016 to September 20, 2016, the delivery date of a copy of the instant complaint, and 15% per annum as stipulated by the Act on Special Cases Concerning the Promotion, etc. of Legal Proceedings, from the following day to the day of full payment.

2. Article 208 (3) 3 of the Civil Procedure Act: