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. Reviewing the determination as to the cause of the claim, the Plaintiff loaned to the Defendant on December 1, 2016 the interest rate of KRW 2.9% per annum, interest rate of KRW 12 million per annum, interest rate of KRW 2.9% per annum, interest rate of KRW 27.9% per annum, due date of payment by December 1, 2020, and repayment by December 1, 2020, and by the first day of each month of the repayment method. The Defendant lost interest due to the payment of the principal and interest on the loan obligation after August 2017, the Defendant lost interest due to the payment of the principal and interest on the loan obligation after installments, and the remainder of the principal and interest on the loan as of October 18, 2017 are 10,670,619, interest rate of KRW 539 and delay damages.

According to the above facts, the Defendant is obligated to pay to the Plaintiff damages for delay calculated at the rate of 27.9% per annum, which is the agreed interest rate of 11,210,057 won (i.e., 10,670,619 won of the loan principal) and 10,670,619 won of the loan principal from October 19, 2017 to the date of full payment (i.e., 539,438 won).

2. In conclusion, the judgment of the court of first instance is just in conclusion, and thus, the defendant's appeal is dismissed. It is so decided as per Disposition.