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1. The Defendant shall pay to the Plaintiff KRW 255,00,000 as well as 20% per annum from May 28, 2015 to the date of full payment.
Reasons
1. Indication of claim;
A. On July 27, 2005, the Plaintiff loaned KRW 200,000,000 to the Defendant on October 30, 2005 due date (hereinafter “instant loan agreement”). In addition, the Plaintiff agreed to pay KRW 200,000,000 to the Defendant by December 30, 2005 (hereinafter “instant agreement”).
B. Since then, the Defendant repaid only 145,000,000 won out of the loans under the instant loan agreement to the Plaintiff, and did not pay the remainder of the loans and profits pursuant to the instant agreement.
C. Therefore, the Defendant is obligated to pay to the Plaintiff a total of KRW 255,000,000 (=a total of KRW 55,000,000,000) and damages for delay calculated at the rate of 20% per annum from May 28, 2015 to the date of full payment, which is the day following the delivery of a copy of the instant complaint.
2. Judgment by public notice of applicable provisions of Acts (Article 208 (3) 3 of the Civil Procedure Act);