1. The defendant's appeal is dismissed.

2. The costs of appeal shall be borne by the Defendant.

Purport of claim and appeal

1...

1. Basic facts

A. On June 7, 2013, the Plaintiff entered into a guarantee insurance contract with A and paid insurance proceeds, and the Plaintiff (hereinafter “A”) on June 7, 2013.

2) As indicated below, a guarantee insurance contract with the following content (hereinafter “instant 1 contract”).

A) The Defendant entered into a contract. The Defendant jointly and severally guaranteed the liability for reimbursement to be borne by A when the Plaintiff performed the obligation for guarantee under the above contract. [The first contract of this case] O insurance amount: 300 million won: the terms of the O insurance contract from June 1, 2013 to May 31, 2014: the amount of obligations incurred under the former Securities I and the obligations that arrive within 90 days from the date following the expiration date of the insurance period: The insurance contract amount of the former securities will be within the limit of the insurance coverage amount; the name of the main contract of the former securities shall be within the limit of 50 billion won; the contract amount shall be from June 1, 2013 to May 31, 2014: the insurance contract amount of KRW 200,000 to KRW 50,000,000: KRW 300,000,000 from June 1, 201 to KRW 50,000.

3. The Plaintiff’s Intervenor filed a claim against the Plaintiff for the payment of insurance money on the ground of the Plaintiff’s nonperformance of obligation. Accordingly, on November 17, 2014, the Plaintiff’s Intervenor as the insurance money on November 17, 2014 under the instant contract.