Text

1. The Defendant shall pay to the Plaintiff KRW 25,00,000 and the interest rate of KRW 15% per annum from July 21, 2016 to the day of complete payment.

Reasons

1. Around 2003, the Defendant borrowed KRW 25,000,000 from the Plaintiff. On July 25, 2011, the Defendant promised to pay the Plaintiff the said amount in installments for about seven years each month, but failed to pay the said amount once. Thus, the Defendant’s judgment by service by publication (Article 208(3)3 of the Civil Procedure Act) is sought.