1. The decision shall have the same effect as a final and conclusive judgment as a judicial compromise (see Articles 30 and 34 of the Judicial Conciliation of Civil Disputes Act) and since the decision in lieu of conciliation has a creative effect, the relationship of rights and duties based on a legal relationship in a previous dispute between the parties is extinguished, and a new relationship of rights and duties according to the contents of the decision is established;

(See Supreme Court Decision 2005Da32814, 32821 Decided June 29, 2006, etc.)