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1. The Defendant’s KRW 300,000,000 as well as the Plaintiff’s annual rate from November 30, 2009 to March 9, 2017.
Reasons
1. Indication of claim;
A. On June 2008, the Plaintiff, without entering into an agreement with the Defendant on interest, set the due date as June 30, 2009 and lent the amount of KRW 300,000 to the Defendant.
B. On November 26, 2008, the Defendant issued promissory notes (e.g., face value: KRW 300 million, issue date, November 26, 2008, and payment date: November 26, 2009) as security for the said loan to the Plaintiff, and prepared and issued a notarial deed recognizing compulsory execution.
The Plaintiff and the Defendant changed the repayment period of the above loans to November 26, 2009.
C. Therefore, the defendant is obligated to pay to the plaintiff 30 million won with 5% per annum as stipulated in the Civil Act from November 30, 2009 to the delivery date of a copy of the complaint of this case, and 15% per annum as stipulated in the Act on Special Cases concerning Expedition, etc. of Legal Proceedings from the next day to the day of complete payment.
2. Judgment by public notice of applicable provisions of Acts (Article 208 (3) 3 of the Civil Procedure Act);