1. All of the plaintiffs' claims are dismissed.

2. The costs of lawsuit are assessed against the plaintiffs.

1. Basic facts

A. The defendant is a project financial investment company (PFV) established to promote C urban development projects for the Seocho-gu Seoul Metropolitan Government Seocho-gu Seoul Metropolitan Government B (hereinafter “instant project”).

The Plaintiffs sell to the Defendant the real estate (hereinafter referred to as “each of the instant real estate”) owned within the development zone of the instant project (hereinafter referred to as “development zone”).

B. 1) D Project Promotion Committee (representative E; hereinafter “Promotion Committee”) including the conclusion of the agreement on the instant project

on March 28, 2006, Nonparty F Co., Ltd. (hereinafter “G”) whose representative director is Nonparty F.

) Korea Investment Securities Co., Ltd. (hereinafter “Korea Investment Securities”)

3) The Bank of Korea, Inc. (hereinafter referred to as “Korea Bank”);

2) The agreement on the instant project and the agreement on the instant project (hereinafter “instant agreement”).

In the above arrangement, if the borrower of the loan agreement is at the same time the PFV, which will become the purchaser of the real estate in the project site in question, is established, G shall exercise the above PFV, provided that this does not exempt G from its obligations under this Agreement. Article 1 (Purpose and Parties) (2) of the Promotion Committee shall have the right to represent the owners of the real estate in the project site in question, and the representative E of the Promotion Committee confirms that this agreement is valid and legitimate as a representative of the Promotion Committee.

The Promotion Committee shall have the owners of the real estate in the project sell the real estate owned by them to G in accordance with this Agreement, and may establish an urban development association under the Urban Development Act to carry out the project in accordance with this Agreement.