A. A. Around January 2, 2009, the Defendant borrowed KRW 120 million from C on December 31, 2009, at the agreed interest rate of 30% per annum, and the Plaintiff guaranteed the Defendant’s loan obligations.

B. Since then, the Defendant did not pay the remainder of the principal and interest on the above loan debt with only the interest on February 3, 2009, 3. and 4. The Plaintiff subrogated to C on July 15, 2010, the sum of the principal and interest on each month from May 2009, and KRW 156 million.

C. Therefore, the Defendant is obligated to pay the Plaintiff the amount of KRW 120,000,000 with 5% per annum from May 3, 2009 to June 12, 2015, which is the date of the instant judgment, and 20% per annum from the next day to the date of full payment, as the Plaintiff seeks.

2. Article 208 (3) 3 of the Civil Procedure Act (Judgment by public notice) of the applicable provisions of Acts;