1. The defendant's appeal is dismissed.

2. The costs of appeal shall be borne by the Defendant.

Purport of claim and appeal

1...

1. Comprehensively taking account of the overall purport of the statements and arguments by Gap evidence Nos. 1 and 2 as to the cause of the claim, the plaintiff loaned 20,100,000 won to the defendant on November 28, 2013 at the interest rate of 3% per annum and 36 months for the lending period. The defendant lost the benefit of the lending period on August 19, 2015, because he/she failed to perform his/her obligation to pay principal and interest on the above loan, and on August 19, 2015, the total sum of the principal and interest on the above loan claim as of August 19, 2015 (i.e., the principal amount of KRW 10,287,745 won and damages for delay of KRW 21,746). The interest rate after August 20, 2015 can be acknowledged as 24% per annum.

According to the above facts, the Defendant is obligated to pay the Plaintiff damages for delay calculated by the rate of 24% per annum, which is the interest rate for delay from August 20, 2015 to the date of full payment of the principal and interest of KRW 10,359,581, and the principal of KRW 10,287,745, among the principal, to the Plaintiff.

2. In conclusion, the plaintiff's claim of this case is accepted for the reasons, and the judgment of the court of first instance is justified with this conclusion. Thus, the defendant's appeal is dismissed as it is without merit. It is so decided as per Disposition.