1. The plaintiff's appeal and appeal are all dismissed.

2. The costs of appeal and appeal shall be borne by the Plaintiff.

Basic Facts

On October 26, 2006, the Seoul Metropolitan Government announced Kropo-gu Seoul Metropolitan Government public notice of Seoul Metropolitan Government on October 26, 2006, and publicly announced urban environment improvement promotion plans to promote urban environment rearrangement projects, etc.

After March 19, 2009, Seoul Special Metropolitan City newly established the Jung-gu Seoul Special Metropolitan City FJ as a E area by means of public notice H in Seoul Special Metropolitan City.

(hereinafter referred to as the “instant rearrangement project”). Cocogma corporation (hereinafter referred to as the “Cocogma”) was established for the purpose of real estate development business, etc. and intended to purchase land within the area of the project in order to promote redevelopment projects under the instant rearrangement project.

Accordingly, around October 2008, the Plaintiff entered into a contract to sell 6.1/111.8 shares among the land of 20.2m2m2 in C, Jung-gu, Seoul, and D large 91.6m2, and 6.1/111.8m2 of the D large 91m2 (hereinafter “each of the instant lands”) for purchase price of KRW 203,50,000 (hereinafter “instant sales contract”).

In selling and selling shares in each of the instant land, a sales contract is concluded on the condition that the Plaintiff is granted permission for a land transaction contract in the future with the following terms as the Plaintiff’s name “A” and the name “B” and one other as “B.”

Article 1 (Purpose) The purpose of this Agreement is to enable “B” and “B” to carry out an urban complex construction project by obtaining approval from the competent authority in accordance with the Special Act on the Maintenance and Improvement of Urban Areas and Dwelling Conditions for Residents and the Promotion of Urban Renewal so that “B” and “B” may carry out the same contract in good faith and sincerity.

Article 2 (Indication of Subject Matter of Sale): Total 6.1/111.8 of shares transferred to the Plaintiff on June 12, 201.8, 11/11.8 of shares transferred to the Plaintiff on June 27, 201.60, the total 6.1/11.8 of shares transferred to the Plaintiff on June 33, 200.20.6.11/1020,000 square meters of land size on the land size registered with the F parcel number in Jung-gu, Seoul.