The Defendants jointly and severally pay to the Plaintiff KRW 170,149,072 and KRW 154,662,682, among them, shall be repaid from August 1, 2012.

On February 28, 2011, the Plaintiff entered into a contract with the Defendant Correction Industry Development Co., Ltd. (hereinafter “Defendant Correction Industry Development”) to provide installment financing at the rate of 170,400,00 won per annum, interest rate of 10.15% per annum, delay damages rate of 24% per annum, and 60 months per annum. Defendant B guaranteed the Plaintiff’s joint and several liability for Defendant Correction Industry Development due to the said installment financing contract; Defendant Correction Industry Development has lost the benefit of time due to the Defendant’s delayed payment of the principal and interest due to the said installment financing contract on two occasions; Defendant Correction Industry Development’s obligation under the said installment financing contract on July 31, 2012 under the said installment financing contract is the principal and interest of 154,62,682 won, interest or delay damages; 15,486, 170, 149, and 207 won remaining between the parties.

According to the above facts of recognition, the Defendants are jointly and severally liable to pay to the Plaintiff the amount of KRW 170,149,072 and the amount of KRW 154,662,682, whichever is the principal, to the Plaintiff at the rate of 24% per annum, which is the interest rate for delay from August 1, 2012 to the date of full payment.

If so, the plaintiff's claim of this case is reasonable, and it is decided as per Disposition by admitting it.