1. The Defendants are jointly and severally liable to the Plaintiff for 25,00,000 won and the period from December 31, 2003 to November 30, 2004.

1. On December 31, 2003, the Plaintiff: (a) lent KRW 25,00,000 to Defendant A on November 30, 2004 due date; (b) interest rate of KRW 11.5% per annum; and (c) interest rate of delayed interest rate of KRW 18% per annum; and (d) Defendant B and C on the ground that Defendant B and C guaranteed Defendant A’s debt (related final judgment: related final judgment: Gwangju District Court Branch Decision 2005Da937 delivered on May 13, 2005).

2. Applicable provisions;

(a) Defendant A and B: Article 208(3)3 of the Civil Procedure Act (a)

(b) Defendant C: Article 208(3)2 of the Civil Procedure Act (a judgment deeming confession due to the absence of the Defendant);