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1. The Defendant shall pay to the Plaintiff KRW 117,50,000 and the interest rate of KRW 15% per annum from February 5, 2016 to the day of complete payment.
Reasons
1. Basic facts
A. On June 11, 2014, the Plaintiff and the Defendant agreed to sell real estate at a low price upon the joint purchase of real estate by investing money at the same time, and to take profit from market price as follows.
(hereinafter “instant agreement”) 1. Articles:
A. Location: D, D, and E (hereinafter referred to as “instant land”);
(b) Amnesty: Total area of 3,937 square meters (1,190.9 square meters);
2. The price of land: 470,000,000 won shall be invested and paid in 235,000,000 won each by the plaintiff and the defendant with the above goods as one-half shares (the taxes related to the above goods shall be paid in equal installments in 1/2).
(2) The Defendant’s loan of KRW 200 million to the present goods is settled as a balance, and the Defendant is responsible for the interest incurred in relation to the loan after completion of registration until sale.
In addition, the plaintiff and the defendant will receive additional loans for any purpose other than the above loans.
3) The Defendant shall faithfully pay interest costs and shall be fully responsible for the delay of three months or more, and the Defendant shall calculate the interest and principal thereof, and shall waive the market price at the time of purchase (the low price decline) ratio from the market price at the time of purchase. 4) The Plaintiff and the Defendant may sell the said goods after consultation between both parties if the future value (the current price) is at least 80,000 won per square day.
5) The sales price at the time of sale shall be converted into 1/2 shares and deposited after the settlement of the loan, etc.
2. Each of the 235 billion won and each of the 200 million won that the plaintiff and the defendant agreed to make an investment, the plaintiff has invested the total amount of KRW 235 million in cash, the defendant has invested KRW 35 million in cash, and the remaining KRW 200 million on July 12, 2004.