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1. The defendant shall pay to the plaintiff KRW 70,00,000 as well as 24% per annum from May 27, 2008 to December 30, 2008 and December 31, 2008.
Reasons
1. The Plaintiff, on January 2008, lent a total of KRW 70,000,000 to the Defendant by May 27, 2008, including a loan of KRW 30,000,000 to the Defendant. On May 27, 2008, the Defendant agreed to pay the Plaintiff the said KRW 70,000,000 to the Plaintiff by December 30, 2008 due date for payment, but on December 30, 2008, the Plaintiff agreed to pay damages for delay by 25% per annum.
2. Therefore, the defendant is obligated to pay to the plaintiff interest and delay damages calculated at the rate of 24% per annum from May 27, 2008 to December 30, 2008, interest and delay damages calculated at the rate of 15% per annum under the Act on Special Cases concerning the Promotion, etc. of Legal Proceedings, as requested by the plaintiff, from May 27, 2008 to December 30, 2008, from the next day to November 2, 2016, the delivery date of a copy of the complaint of this case.