1. The Defendant shall pay to the Plaintiff KRW 450,109,889 and interest rate of KRW 25% per annum from September 17, 2013 to the day of full payment.

1. On September 29, 2009, the Plaintiff borrowed KRW 1.3 billion to the Defendant.

On July 17, 2013, the defendant issued a letter of debt repayment.

According to the letter of debt repayment performance, the Plaintiff’s loan to the Defendant amounting to KRW 1,506,220,089 (= Principal amounting to KRW 1,300,000,220,089). The amount repaid by the Defendant is KRW 1,056,110,200, and the balance of the obligation as of September 16, 2013 is KRW 450,109,889.

In addition, the defendant paid 450,109,889 won to the plaintiff by September 16, 2013, and paid 100,000,000 won for damages if the defendant fails to comply with it, and the interest rate in arrears was set at 25% per annum.

Accordingly, the Defendant is entitled to claim the amount of the above 450,109,889 won and the agreed damages for delay calculated at the rate of 25% per annum from September 17, 2013 to the date of full payment after the due date.

2. Judgment by service (Article 208 (3) 3 of the Civil Procedure Act).