1. The Defendants are jointly and severally liable to the Plaintiff for the payment of KRW 9,300,620,508 and KRW 500,000,00 among the said payments.

Description of Claim

On June 5, 1996, Korea Standards Bank (No. 1: hereinafter “Seoul Bank”) granted loans of KRW 7.7 billion to the Defendant Company under joint and several surety of Defendant B and C on July 9, 1999. (The Plaintiff filed a lawsuit against the Defendants seeking payment of the outstanding principal and interest of KRW 1,583,83,225 as of February 12, 2015, interest KRW 7,716,787,283 as of February 12, 2015.) (The Plaintiff filed a lawsuit against the Defendants seeking payment of the outstanding principal and interest of KRW 2004,9289, but the lawsuit of this case was rendered in order to extend the prescription period. However, damages for delay are limited to KRW 5.5 billion.) Article 208(3)1 and Article 257(1)257(1) of the Civil Procedure Act of the Defendant Company’s Civil Procedure Act (No. 308(1) of the Civil Procedure Act).