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1. The Defendant: (a) KRW 31,300,000 and the Plaintiff’s KRW 25% per annum from December 1, 2017 to February 7, 2018; and (b) February 8, 2018.
Reasons
1. Indication of claims: To be as specified in attached Form 1;
2. Judgment on deemed confession (Article 208 (3) 2 of the Civil Procedure Act).
3. Partial dismissal: The Plaintiff claimed damages for delay calculated at the rate of 25% per annum from December 1, 2017 to the service date of a duplicate of the complaint in this case. However, according to Article 2(1) of the Interest Limitation Act and Article 2(1) of the former Interest Limitation Act and Article 2(1) of the former Interest Limitation Act, the maximum interest rate under a contract for monetary lending and lending is 25% per annum from July 15, 2014 to February 7, 2018, and 24% per annum from February 8, 2018. Thus, the maximum interest rate under a contract for monetary lending and lending is 25% per annum from December 1, 2017 to February 7, 2018, and from February 8, 2018 to March 29, 2020.