(a) Business title - Construction Project for High-speed Railroad (B) in the Seoul Metropolitan Area (hereinafter referred to as “instant project”): Project site: Gangnam-gu, Sungnam-si, Sungnam-si, Chungcheongnam-si, Taesan-si, and Pyeongtaek-si: Defendant - Project operator: Public notice of the approval of implementation on May 27, 201, announced by the Ministry of Land, Transport and Maritime Affairs C, and public notice of the Ministry of Land, Transport and Maritime Affairs on May 23, 2013.

B. The Central Land Tribunal’s ruling of expropriation on November 21, 2013 (hereinafter “adjudication of expropriation”): The commencement date of expropriation: December 23, 2013: The sum of 1,364,235,000,000 square meters among 958 square meters, G field 1,247 square meters owned by the Plaintiff, and 1,545 square meters (hereinafter “land to be expropriated”): The sum of 1,545 square meters among 958 square meters, G field 1,835 square meters, and 1,545 square meters, among 351 square meters, 1,000 square meters (hereinafter “adjudication of expropriation”): The Central Land Appraisal Corporation and the National Land Appraisal Corporation (hereinafter “Appraisal of Expropriation”): The sum of compensation for the land to be expropriated shall be calculated as KRW 1,364,235,00,00 (hereinafter “adjudication of expropriation”).

C. The Central Land Tribunal’s ruling on an objection (hereinafter “adjudication”) dated April 17, 2014 - Compensation: Each entry in the appraisal corporation and the Telecommunication Appraisal Corporation (hereinafter “Appraisal Corporation”) in the total of KRW 1,373,968,50 (hereinafter “Appraisal of an objection”) in the amount of compensation for the land to be expropriated, taking an arithmetic mean of the respective appraisal results of the appraisal results of the appraisal appraisal corporation and the Telecommunication Appraisal Corporation (hereinafter “Appraisal of an objection”): The fact that there is no dispute over an increase in the amount of compensation for the land to be expropriated at KRW 1,373,968,50 (hereinafter “appraisal of an objection”); the purport of the entire pleadings;

2. The plaintiff's assertion and its determination

A. The Plaintiff’s assertion of objection is that land to be expropriated is unfit for the instant project and is highly likely to develop in the future, and the amount of compensation is calculated excessively below the amount of compensation in light of the current market price of surrounding land and the cases of nearby expropriation. As such, the result of commission to I (hereinafter “court appraiser”) of the instant court’s appraisal (hereinafter “court appraisal”).