Pakistan Co., Ltd. (Law Firm Lowal, Attorneys Kim Dong-sub, Counsel for the defendant-appellant)

Korea Asset Management Corporation (Attorney Kim Young-sub et al., Counsel for the plaintiff-appellant)

March 31, 2006

Seoul Administrative Court Decision 2005Guhap9798 decided August 25, 2005

1. The plaintiff's appeal is dismissed.

2. The costs of appeal shall be borne by the plaintiff.

The judgment of the first instance shall be revoked. Each disposition of November 24, 2004 and each disposition of February 16, 2005 and the sale decision of March 17, 2005 rendered by the defendant with respect to each real estate listed in the attached list shall be revoked.

The court's explanation of this case is the same as the reasoning of the judgment of the court of first instance. Thus, it is citing this as it is in accordance with Article 8 (2) of the Administrative Litigation Act and Article 420 of the Civil Procedure Act.

Therefore, the judgment of the court of first instance is just, and the plaintiff's appeal is dismissed as it is without merit. It is so decided as per Disposition.

Judges Kim Jong-soo (Presiding Judge)