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 December 10, 2014, the Plaintiff was a non-profit corporation established under the Credit Unions Act, and merged Gagsan Trisan Credit Cooperatives (hereinafter “Seosan Credit Cooperatives”).

The date of the expiration of the loan on January 20, 2012: Interest rate, etc. on January 20, 2012: (i) the loan amount of KRW 200,00,000; (ii) the loan amount of the loan agreement (Evidence 1; (iii) the date of expiration of the loan: Change (Selection of Article 3(2)2 of the Basic Terms and Conditions for Credit Transactions) - the base rate for change; (iv) the first 7.5% interest rate per annum per annum (applicable of Article 3(5) of the Basic Terms and Conditions for Credit Transactions) - the amount calculated by adding 20% to more than 30 days but not more than 90 days in arrears - the amount calculated by adding 12.5% more than 90 days in arrears - 12.5% more than 12.5% more than January 17, 2012.

B. On January 17, 2012, B entered into a loan transaction agreement (Evidence A 1) with the content that B obtained a loan of KRW 200,000,000 from the Non-Party Credit Union (hereinafter “instant loan”).

C. On January 17, 2012, the date of the above loan transaction agreement, the Defendant: (a) on the part of the Non-Party Credit Union, the terms and conditions on the guarantee amount of the instant loan amount of KRW 260,00,000,000, and the guarantee amount of the loan amount of KRW 260,000 (hereinafter “instant collateral guarantee”); (b) on the part of the obligor, the surety (Defendant) is jointly and severally liable with the obligor for all the obligations under Article 1 to the credit union (the Plaintiff) at present and future; (c) on the part of the obligor’s fulfillment of the guaranteed obligation, the obligor is jointly and severally liable to the obligor; and (d) on the other hand, the terms and conditions of the new credit transaction agreement and the transaction agreement on the following obligations that the obligor separately submitted to the union; and (d) on the part of the surety, the surety bears the guaranteed obligation amount in accordance with the following terms and conditions: (e) the obligor’s name and the scope of the guaranteed obligation amount of the Plaintiff (Plaintiff).