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. On April 18, 2007, the Plaintiff lent 10,000,000 won interest rate of 20,000,000 won to the Defendant on April 18, 2007 (24% on a yearly basis). The Defendant promised to pay to the Plaintiff interest of KRW 11,00,000 on April 18, 2013 by calculating the interest accrued until the time as KRW 11,00,000,00. The Defendant’s statement of name, signature, resident registration number, and address did not conflict between the parties, or there was no dispute between the parties as to whether the Defendant’s signature was authentic, and thus, the entire authenticity of the document is presumed to have been established. As such, the Defendant’s signature and seal was delivered to the Plaintiff on April 18, 2013, and the Defendant’s promise to pay interest accrued to the Plaintiff at KRW 11,000,000,000 after the delivery of the document can not be proven later.

In full view of the fact that interest 11,00,000 won (per annum) accrued from September 19, 2008 to April 18, 2013, each of which was written from September 19, 2008, as the Plaintiff seeks, the Defendant is obligated to pay to the Plaintiff the interest calculated at the rate of 24% per annum from September 19, 2008 to the date when a considerable period from January 27, 2014, on which the original copy of the Plaintiff’s claim for the instant loan was served on the Defendant from September 19, 2008 to the date when the due date arrives.

The defendant asserts that he borrowed the above money without interest, but it is against the above fact of recognition.