A. On June 13, 2012, the Plaintiff received from the Defendant a certificate of promissory notes issued from each of the Seoul Special Metropolitan City, the payee, the Plaintiff, and the Plaintiff’s face value of KRW 350,00,000, and the due date for payment, two of promissory notes entered at sight payment and each of the said promissory notes issued by a notary public to the effect that the Plaintiff shall be immediately subject to compulsory execution on June 13, 2012.

B. Therefore, the Defendant, as the issuer of each of the above promissory notes, is obligated to pay the Plaintiff the total amount of KRW 700,000,000 (=350,000,000 x 2 x 2) and the interest rate of 6% per annum prescribed by the Bills of Exchange and Promissory Notes Act from June 14, 2012 to July 6, 2015, which is the date of delivery of a copy of the bill of this case from the next day to the date of full payment.

2. Judgment on deemed confession (Article 208 (3) 2 of the Civil Procedure Act).