1. The Defendants shall be jointly and severally liable to the Plaintiff. However, Defendant B shall not exceed KRW 120,000,000 and shall not exceed KRW 108,306,235.

On April 28, 2014, the Plaintiff entered into a credit transaction agreement with Defendant A Co., Ltd. (hereinafter referred to as the “Defendant Co., Ltd.”) with a fixed amount of general loans of loans, amount of KRW 100 million, maturity of KRW 100 million, interest rate fluctuation rate (MR base rate of KRW 3.66%) and KRW 15% per annum (13.9% per annum thereafter). Defendant B guaranteed obligations under the above credit transaction agreement against the Plaintiff of the Defendant Co., Ltd. within the limit of KRW 120,00,000, KRW 120,000. As of August 3, 2017, the fact that there remains no dispute between the parties that there is a debt of KRW 8,306,235, total amount of principal, interest, etc., KRW 100,308,306,235.

Therefore, the Defendants are jointly and severally liable to the Plaintiff. However, Defendant B is obligated to pay the Plaintiff the total amount of the above loans of KRW 108,306,235 and damages for delay calculated at the rate of KRW 13.9% per annum, which is the interest rate of the above agreed damages for delay, from August 4, 2017 to the date of full payment, with respect to the principal amount of KRW 100,000,000,000. Therefore, the Plaintiff’s claim is justified and it is so decided as per Disposition.