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1. The Defendant shall pay KRW 30 million to the Plaintiff KRW 27.9% per annum from December 1, 2016 to the day of complete payment.
Reasons
On July 19, 2016, the Plaintiff engaging in a credit business and lent KRW 500,000 to the Incorporated Incorporated Company, Inc. at the maturity of November 30, 2016, at the rate of 27.9% per annum;
8.9. After obtaining joint and several sureties from the Defendant, there is no dispute between the Parties that the principal was appropriated after the due date for payment of KRW 200 million.
Therefore, the Defendant is obligated to pay to the Plaintiff the remainder of KRW 300 million and damages for delay calculated at the rate of 27.9% per annum as stipulated in the agreement from December 1, 2016 to the date of full payment, which is the day following the due date. Thus, the Defendant is obligated to accept the Plaintiff’s claim of this case seeking the performance. It is so decided as per Disposition.