The costs of appeal are assessed against the defendant.

The lower court determined that the instant insurance accident occurred due to the Defendant’s obligation to pay the contract performance guarantee for AM Engineering Co., Ltd. within the insurance period under the instant insurance contract, and that the instant subcontract was lawfully terminated by the Defendant’s declaration of intent to terminate the contract.

The judgment below

In light of the records, the judgment of the court below is just and acceptable, and there is no violation of the rules of evidence, incomplete hearing, etc. as alleged in the grounds of appeal.

Therefore, the appeal is dismissed, and the costs of appeal are assessed against the losing party. It is so decided as per Disposition by the assent of all participating Justices.