Attorney Yoon Nam-ho et al., Counsel for the defendant-appellant

The costs of appeal are assessed against the defendant.

For the reasons indicated in its holding, the lower court rejected the Defendant’s assertion that the Plaintiff’s claim for payment of customs duties in lieu of the Plaintiff ought to be subject to the short-term extinctive prescription of one year pursuant to Article 122 of the Commercial Act. In light of the relevant legal principles and records, the lower court’s aforementioned determination is acceptable, and there is no error of misapprehending the legal principles as to Article 122 of the Commercial Act, thereby affecting the remaining judgment. Therefore, the appeal is dismissed, and the costs of appeal are assessed against the losing

Justices Kim Jong-il

Chief Justice Lee Dong-won

Justices Park Il-san