1. The plaintiff succeeding intervenor's lawsuit against defendant D, E, and H shall be dismissed.

2. The defendant B and C shall be jointly and severally liable.

Facts of recognition

On September 22, 2015, L Co., Ltd. (hereinafter “L”) created the obligation to repay the principal and interest of the bonds (hereinafter “L”) acquired the 4th non-guaranteed private equity bonds (hereinafter “instant bonds”) in total amount of KRW 1,200,000 issued by the Defendant Company, and Defendant C guaranteed the obligation to pay the principal and interest of the instant bonds as the representative director of the Defendant Company on the same day.

L and Defendant Company agreed that the interest rate of the instant bonds shall be 4.687% per annum, the date of redemption of principal shall be September 22, 2017, and the overdue interest rate shall be in accordance with the interest rate set by the Credit Guarantee Fund, and the overdue interest rate shall be “the Defendant Company shall lose the benefit of time when the issuance, endorsement, guarantee, acceptance of bills or checks issued by the Defendant Company are defaulted or when the bank transaction is suspended due

In addition, the Korea Credit Guarantee Fund set the above overdue interest rate at 10% per annum.

On the other hand, L and the Defendant Company agreed to transfer the instant bonds to the Plaintiff at the time of signing the said bonds acquisition contract, and L transferred the principal and interest of the instant bonds to the Plaintiff on September 22, 2015, in accordance with the said agreement.

On May 25, 2016, the Defendant Company lost the benefit of the deadline for the principal and interest of the instant bonds as its current account transaction was suspended due to the default of bills.

Accordingly, the defendant company's principal of the bonds 1,200,000,000 and interest 9,861,961 won up to May 24, 2016 (i.e., KRW 1,200,000,000 x 5.506% x 62/365 days) and 9,050,570 won by subrogation have occurred.

On March 15, 2016, Defendant C sold real estate listed in the attached list No. 1 to Defendant D (hereinafter “instant sales contract”) and completed the registration of ownership transfer under Article 5218, instead of the Changwon District Court on March 8, 2016.

On March 29, 2016, the Defendant Company and the Defendant Company set the obligor Company, the mortgagee E, and the maximum debt amount at KRW 200,000,00 with respect to each immovable set forth in the separate sheet No. 2, which is set forth in the separate sheet No. 2.