A. On November 26, 2003, Hong Free Construction Co., Ltd. issued to Defendant B a par value of KRW 378,000,000, and a par value check on November 26, 2003.

B. The Defendants: (a) successively endorsed and transferred the above number of shares; (b) the Plaintiff possessed them; and (c) the Plaintiff presented the said number of shares to Hong Free Construction Co., Ltd., but only received KRW 200,000,000 out of the said amount of shares.

C. Accordingly, the plaintiff filed a lawsuit with the Seoul Southern District Court for the payment of the above check amount against the defendants and Hong Free Construction Co., Ltd., and the defendants and Hong Free Construction Co., Ltd. jointly with the above court on May 11, 2004, ordered the plaintiff to pay 178 million won and 20% interest per annum from March 16, 2004 to the date of full payment. Thus, the defendants are obligated to pay the above money to the plaintiff jointly with the Hong Free Construction Co., Ltd., and the defendants are obligated to pay the above money to the plaintiff.

2. Judgment deemed to have been rendered for each confession (Article 208 (3) 2 and Article 150 (3) and (1) of the Civil Procedure Act);