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Deals & Cases

Return of Rotating-Credit-Club Funds

Mokpo Attorney Office | Plaintiff’s Claim for Return of 30 Million Won in Geye Funds Dismissed

The client who sought help from the Mokpo attorney office was facing a lawsuit demanding the return of geye funds.

The Mokpo attorney took on the defense of the lawsuit and succeeded in having the plaintiff’s claim dismissed.

CONTENTS
  • 1. The Client Who Sought Help from the Mokpo Attorney Office
    • - The Circumstances of the Client’s Case as Identified by the Mokpo Attorney
    • - What Is a Lawsuit for the Return of Geye Funds?
  • 2. The Mokpo Attorney Office’s Assistance in Having the Plaintiff’s Lawsuit Dismissed
    • - The Mokpo Attorney Explains How the Plaintiff Joined the Geye
    • - The Mokpo Attorney Argues That the Plaintiff’s Geye Funds Served as Repayment of Debt
    • - The Mokpo Attorney Submits the Geye Ledger as Evidence
  • 3. Result of the Mokpo Attorney Office’s Assistance: The Plaintiff’s Claim Successfully Dismissed

1. The Client Who Sought Help from the Mokpo Attorney Office

The client was facing a lawsuit brought by the plaintiff demanding the return of approximately 30 million won in geye funds.

The client was greatly distressed by the plaintiff’s lawsuit and visited Daeryun Law Firm’s Mokpo office in search of an attorney experienced in civil litigation.

The Mokpo attorney reviewed the facts of the client’s case from a legal perspective and began preparing the defense of the lawsuit.

The Circumstances of the Client’s Case as Identified by the Mokpo Attorney

The circumstances of the client’s case identified by the Mokpo attorney are as follows.

The client, who resides in Mokpo, had been part of a geye (a rotating savings group) with close neighbors for more than ten years.

The plaintiff had joined the rotating geye operated by the client and had paid contributions for four years, but claimed that approximately 30 million won in geye funds remained unpaid to him.

The client explained that the plaintiff’s claim was not true.

The Mokpo attorney gathered evidence to rebut the plaintiff’s claim and began the defense of the lawsuit.

What Is a Lawsuit for the Return of Geye Funds?

A lawsuit for the return of geye funds is a lawsuit commonly brought when a member is unable to recover the money paid in during the operation of a geye.

Typical instances include ▲when the geye organizer fails to pay out the funds, ▲when the geye has ended but the remaining money has not been returned, and ▲when a member has withdrawn midway but has not received the money paid in.


When geye funds have not been returned, one may first send a certified content document requesting their return.

If the funds are still not returned despite the certified content document, a civil lawsuit for the return of the geye funds may be filed.

2. The Mokpo Attorney Office’s Assistance in Having the Plaintiff’s Lawsuit Dismissed

Mokpo Attorney Office

The Mokpo attorney office set out to assist in having the plaintiff’s lawsuit dismissed.

The Mokpo Attorney Explains How the Plaintiff Joined the Geye

The Mokpo attorney first explained how the plaintiff had come to join the geye.

Before joining the geye, the plaintiff had borrowed approximately 20 million won from the client.

The plaintiff, however, had long been unable to repay the loan and the interest, so the client recommended that the plaintiff join the rotating geye that the client operated and repay the debt in a lump sum once the plaintiff received the geye funds.

The plaintiff agreed to the client’s proposal and thus joined the geye.

The Mokpo Attorney Argues That the Plaintiff’s Geye Funds Served as Repayment of Debt

The Mokpo attorney argued that the plaintiff had agreed to repay the existing debt with the geye funds.

To support this argument, the attorney submitted statements from other geye members and written confirmations of fact as evidence.

The geye in which the plaintiff and the client participated was a fellowship geye that had long been operated in a small village in Mokpo, and the members were well aware of one another’s circumstances.

The other geye members testified that the plaintiff had joined the geye in order to repay the client’s debt and that the plaintiff was in fact repaying the debt through the geye funds.

The Mokpo Attorney Submits the Geye Ledger as Evidence

The Mokpo attorney submitted the geye ledger as evidence to prove these facts.

As the geye organizer, the client had carefully kept the geye ledger each month.

The ledger set out in detail the plaintiff’s geye contributions and the corresponding amounts applied to the remaining debt.

The Mokpo attorney submitted the geye ledger as evidence and emphasized that the plaintiff’s claim was without merit.

3. Result of the Mokpo Attorney Office’s Assistance: The Plaintiff’s Claim Successfully Dismissed

As a result of the Mokpo attorney office’s assistance, the client was able to have all of the plaintiff’s claims dismissed.

In lawsuits involving geye funds, the relationships among the members are often intertwined in complex ways, so emotional conflicts may affect the litigation.

For this reason, it can be helpful to obtain the assistance of an attorney to assess the situation from an objective perspective and to respond in accordance with the law in order to protect one’s rights.

At Daeryun Law Firm, the assigned attorney team conducts an in-depth review of the relevant legal principles and precedents, constructs logical arguments, and carries out every legal procedure thoroughly to protect the client’s rights.

If you are in a situation such as the one above and are looking for an 🔗attorney recommendation in Mokpo, please visit Daeryun Law Firm’s 🔗Mokpo office.

목포변호사사무실 | 3,000만원 계금반환 요청한 원고의 청구 기각

This content is based on actual case studies of Daeryun Law LLC with some adaptations, and the copyright belongs to our firm.
Unauthorized reproduction, duplication, or distribution and other copyright infringements may result in legal action under applicable laws.

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