1.The judgment of the first instance, including the claims extended by this Court, shall be modified as follows:

The defendants are the defendants.

1. Determination as to the cause of claim

A. 1) The Korea Technology Credit Guarantee Fund is the Defendant A Co., Ltd. (hereinafter “A”) under the joint and several sureties of Defendant B, C, D, and E

(1) On December 10, 1996, the following three credit guarantee agreements were concluded: (a) on December 10, 1996, the principal of the guarantee; (b) on December 10, 1997, by December 10, 1997 (the extended by December 10, 1999); (c) on December 10, 196, the Bank for Interest in the Loan (hereinafter referred to as the “One Guarantee”); (d) on December 10, 1996, the amount of the guarantee fees paid at 170,000,000, five years from the due date of the guarantee; (c) on August 22, 1997, the amount of the guarantee fees paid at the rate of 10,000,000,000,0000, and by 20,0000,000,000 per annum from the date of expiration of the guarantee fees; and (d) on August 2228, 19, 1999.

4) Accordingly, on January 25, 2001, the Korea Credit Guarantee Fund paid a total of KRW 309,534,246 (in accordance with the first guarantee, KRW 103,178,082 according to the third guarantee of KRW 206,356,164 according to the first guarantee), and on February 1, 200, the amount of KRW 89,572,534 on behalf of the new bank in accordance with the second guarantee under the said credit guarantee agreement. 5)