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Lucas
Joined: 11 Sep 2012
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 Posted: Mon Apr 07, 2014 7:03 pm Post subject: Borrow money for gambling - dont pay it back! |
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http://www.koreatimes.co.kr/www/news/nation/2014/04/116_154909.html
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The Seoul Central District Court rejected a private moneylender’s demand to order repayments of 11 million won lent to a gambler at Kangwon Land Casino.
Presiding Judge Shim Chang-seop said in his ruling that moneylenders’ loans requiring “abnormally high” interest rates have a negative effect of promoting gambling and causing various social problems, and therefore don’t have to be protected by law.
Kangwon Land runs the country’s only casino open to Korean nationals.
The act of lending gambling money runs counter to moral standards and social ethics, the judge said.
The private moneylender, identified as Hwang, 59, filed a suit against the defendant Shin, 56, as the latter did not pay an 11-million-won loan extended in 2012 for 10 days for gambling at Kangwon Land, located in Jeongseon, Gangwon Province, at an interest rate of 10 percent.
“The plaintiff lent money knowing that the defendant would use it for gambling. The money purposely given for gambling need not be repaid,” Lee Jung-won, the court spokesman, said.
“Although it is lawful to gamble in Kangwon Land, the judge decided that moneylenders’ loaning for gambling was illegal,” he added.
It is not clear whether the plaintiff will appeal the decision.
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I bet he still gets his legs broken though! |
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Speck7
Joined: 05 Sep 2012
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| Posted: Mon Apr 07, 2014 7:31 pm Post subject: |
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| gambling is for losers anyway. |
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le-paul
Joined: 07 Apr 2009
Location: dans la chambre
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| Posted: Mon Apr 07, 2014 7:49 pm Post subject: |
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| Speck7 wrote: |
| gambling is for losers anyway. |
I think youll find its 'gambling is for fools...' 
http://www.youtube.com/watch?v=hirZFmRwXvE
Anyway, RE: Lucas, the banks are getting out of control here lending money. Last week a friend of mine was given 40,000,000 to get married. She has a minimum pay job and her fiance is unemployed...  |
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Smithington
Joined: 14 Dec 2011
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| Posted: Mon Apr 07, 2014 8:29 pm Post subject: |
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| le-paul wrote: |
| Speck7 wrote: |
| gambling is for losers anyway. |
I think youll find its 'gambling is for fools...'
http://www.youtube.com/watch?v=hirZFmRwXvE
Anyway, RE: Lucas, the banks are getting out of control here lending money. Last week a friend of mine was given 40,000,000 to get married. She has a minimum pay job and her fiance is unemployed... |
Forty million won to get married? Talk about things getting out of control. |
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edwardcatflap
Joined: 22 Mar 2009
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| Posted: Mon Apr 07, 2014 8:31 pm Post subject: |
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| Quote: |
| Forty million won to get married? Talk about things getting out of control |
I made that from my wedding |
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cdninkorea
Joined: 27 Jan 2006
Location: Seoul
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| Posted: Tue Apr 08, 2014 3:52 am Post subject: |
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| I'm surprised this was brought to court. I thought those private moneylenders dealt with unpaid loans in other ways...? |
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