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1. The defendant shall be the plaintiff.
(a) KRW 700,000,000 as well as 8% per annum from May 15, 2007 to June 3, 2016; and
Reasons
1. The Defendant issued, October 8, 2006, a promissory note with a face value of 400,000,000 won for the Plaintiff on April 15, 2007, Seoul, the place of payment, Seoul, the place of payment, Seoul, the place of issue, the Plaintiff, the date of issue, and the Plaintiff on October 8, 2006. On May 15, 2007, a promissory note with a face value of 300,000,000 won for the Plaintiff on May 30, 2008, Seoul, the place of payment, the Seoul, the place of payment, the date of issue, the Plaintiff on May 15, 2007, and the Plaintiff on May 15, 2007, with a face value of 100,000,000 won for each of the above bonds borrowed from the Defendant on May 15, 2007, with a maturity of 100,005.
As above, it is reasonable to view that the agreement by the Defendant to substitute each of the Defendant’s respective obligations with the borrowed amount is a novation agreement that terminates the obligation owed as the issuer of a promissory note and establishes a new obligation that is not identical thereto.
Therefore, the Defendant is obligated to pay to the Plaintiff the amount of KRW 700,000,000 as the agreed interest from May 15, 2007 to May 15, 2008, the due date for repayment. From the following day to June 3, 2016, the amount calculated by applying the agreed rate of 8% per annum, respectively, as damages for delay from June 3, 2016, which is the delivery date of a copy of the complaint of this case. The amount of KRW 300,00,000 and the amount of KRW 300,000,000, which is sought by the Plaintiff from the next day to the day of full payment, and the agreement is served as a copy of the complaint of this case from the next day to September 10, 2014, which is the delivery date of the complaint of this case.