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1. The defendant shall pay to the plaintiff KRW 36,118,262 and KRW 35 million among them per annum from October 6, 2016 to the date of full payment.
Reasons
1. When the Defendant receives a loan of KRW 35 million from the Plaintiff, the principal shall be repaid until December 1, 2016, and interest shall be paid on the date fixed for each month. However, as agreed upon, the Defendant agreed to lose the benefit of time and to repay the principal and interest in a lump sum where the loan is not repaid or the interest is overdue, as agreed upon. The sum of the outstanding principal and interest as of October 5, 2016, after the cause for the loss of the benefit of time occurred, is KRW 36,118,262, and the agreed interest rate for delay is 14.76% per annum.
[Ground of recognition] Facts without dispute, Gap evidence Nos. 1 and 2, the purport of the whole pleadings
2. According to the above facts, the Defendant is obligated to pay to the Plaintiff the said KRW 36,118,262 as well as the principal of KRW 35 million with interest calculated at the rate of 14.76% per annum from October 6, 2016 to the date of full payment.
3. Conclusion