1. The defendant shall pay to the plaintiff KRW 230,165,962 as well as 12% per annum from April 21, 2020 to the day of complete payment.

Description of Claim

Attached Form

like description of the cause of action

(However, the “creditor” is deemed the Plaintiff and the “debtor” is deemed the Defendant). The written reply of confession (Article 208(3)2, Article 150(3) and Article 150(1) of the Civil Procedure Act) must state in addition to the reply to the purport of the claim, whether or not the facts recorded in the written complaint are recognized.

(See Article 65(1)1 of the Rules of Civil Procedure). Although the defendant submitted a written objection against the instant payment order on April 29, 2020, the defendant merely asserted that he/she should raise an objection against the payment order, there is no specific answer as to the individual facts alleged by the plaintiff as the cause of the claim, and only the written objection against the payment order was made by the statement.

Therefore, the defendant is deemed to have led to the confession of the plaintiff's assertion.