Case Number of the immediately preceding lawsuit
Seoul High Court-2017-Nu-54717 ( December 20, 2017)
Title
(C) The interest rate for the loan of money between persons with a special relationship shall be interpreted as the market price applied when calculating the interest rate for the loan of money.
Summary
(W) The weighted average loan interest rate is based on the loan as at the time of loan, and the plaintiff and the mutual aid association are deemed to be a specially related person.
Related statutes
Article 52 (Dispudiation of Wrongful Calculation)
Text
All appeals are dismissed.
The costs of appeal are assessed against each appellant.
Examining the lower judgment and the grounds of appeal, the allegation of the grounds of appeal by appellant is in the final appeal procedure.
Since it is apparent that there is no reason for falling under Article 4 of the Act on Special Cases Concerning the Law, an appeal under Article 5 of that Act
All of them are dismissed. It is so decided as per Disposition by the assent of all participating Justices on the bench.
May 15, 2018
Judges
Justices Cho Jae-chul et al.
Judges
Justices Ko Young-han
Justices Kim So-young
Judges
Justices Kwon Soon-il