Seoul High Court 2012Nu487 (Law No. 23, 2012)

Cho High Court Decision 2010Du4075 (No. 28, 2011)

(C) The price formed by a transaction that reflects the exchange value shall fall under the market price.

(C) A price formed through normal transactions that reflects the objective exchange values of shares and reflects the management and financial status of the company and determines the purchase price through substantial price negotiations. It falls under the market price, because it is a price formed through normal transactions that reflects the reasonable exchange values of shares.

2012Du20687 Revocation of Disposition of Imposition of Gift Tax

Gux

The Director of Gangnam District Office

Seoul High Court Decision 2012Nu487 Decided August 23, 2012

The appeal is dismissed.

The costs of appeal are assessed against the defendant.

While examining the grounds of appeal in comparison with the records of this case, the argument on the grounds of appeal is not deemed to have been rejected or not to include the grounds under each subparagraph of Article 4(1) of the Act on Special Cases Concerning the Procedure for Appeal.

Therefore, the appeal is dismissed. It is so decided as per Disposition by the assent of all participating Justices.

Reference materials.

If the grounds for final appeal are not included in the grounds of appeal that make it appropriate for the court of final appeal to become a legal trial, such as matters concerning significant violation of Acts and subordinate statutes, etc., the system of final appeal will not continue to proceed with the deliberation on the merits of the grounds for final appeal, but will not proceed with the deliberation on the merits of the grounds for final