A. On October 13, 2010, the network D (hereinafter “the deceased”) entered into an insurance contract with the Defendant for the “Undividendd Happiness” setting the insurance amount as KRW 100 million between October 13, 2010 and October 13, 2070 (i.e., the deceased and the insurance period) (i., the insured) and the Defendant, and (ii) the insured amount as KRW 100 million (i.e., the non-designated beneficiary; hereinafter “instant insurance”). The main contents of the instant insurance agreement are as follows.

Article 14 (Types and Grounds for Payment of Insurance Money) If any of the following events occurs to the insured, the Company shall pay the insurance money agreed upon to the beneficiary (person who receives the insurance money).

1. Where an insured worker who is 15 years of age or older dies as a result of a direct result of an injury (referring to an injury inflicted on his/her body due to a sudden and unexpected accident that occurred during the insurance period) during the insurance period specified in an insurance policy: Article 16 (Reasons for Non-Payment of Insurance Money) (1) of the purchase amount of insurance under this contract stated on the death insurance money (certificate of insurance) (1) The company shall not prevent insurance money when any of the following events occurs:

1. The intention of the insured person: Provided, That where the insured person has impaired himself/herself in a state that he/she is unable to make a free decision due to mental disorder, etc., he/she shall pay the insurance money to him/her;

2. Intentions of a beneficiary of insurance: Provided, That if the beneficiary of insurance (person who receives the insurance proceeds) is a beneficiary of part of the insurance proceeds, the remainder of the insurance proceeds excluding the insurance proceeds falling under the beneficiary of insurance (person who receives the insurance proceeds) shall be paid to the other beneficiary of insurance (person who receives the insurance proceeds);

3. The contractor’s intention to Article 26 (Designation of Beneficiary) The contractor may designate a beneficiary (person who receives the insurance money).