Text
1. The Defendant: KRW 95,524,978; and KRW 13% per annum from October 23, 2014 to January 5, 2017 to the Plaintiff.
Reasons
1. On May 13, 2013, the Defendant: (a) borrowed KRW 110,00,000 to the Plaintiff; (b) paid KRW 1,200,000 per month interest; and (c) promised to immediately repay at the Plaintiff’s request on July 15, 2013; and (d) set up a certificate of borrowing on July 15, 2013 to the Plaintiff, setting up a right to collateral security of KRW 110,00,000 on the real estate owned by the Defendant.
The Plaintiff was paid KRW 34,875,022 out of the principal and interest of KRW 130,400,000,000 on October 22, 2014 at the auction procedure (Seoul Western District Court C) based on the above real estate. The Plaintiff filed the instant claim in order to be paid the unpaid amount of KRW 95,524,978 and damages for delay.
2. Judgment by service (Article 208 (3) 3 of the Civil Procedure Act).