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The Defendant’s KRW 500,000,000 as well as the Plaintiff’s annual rate of 6% from October 24, 2019 to April 13, 2020.

Reasons

1. Indication of Claim: A judgment based on the presumption of confession (Article 208(3)2 and Article 150(3) of the Civil Procedure Act) is deemed a confession (Article 208(3)2 and Article 150(3) of the Civil Procedure Act). The Defendant only submitted a formal objection after receiving the original copy of the payment order, and did not submit a specific reply, etc., on the ground that the Plaintiff did not appear on the date of pleading, and thus, the Plaintiff’s assertion is deemed to have been led to the confession.