Han Bank Co., Ltd. (Attorney Lee Jae-soo, Counsel for defendant-appellee)

Head of Central Tax Office

May 20, 2005

Seoul Administrative Court Decision 2001Gu18175 decided August 18, 2004

1. The defendant's appeal is dismissed.

2. The costs of appeal are assessed against the defendant.

1. Purport of claim

The defendant imposed corporate tax of KRW 160,267,450 on the plaintiff for the business year 1993 as of March 22, 1999 and imposed corporate tax of KRW 271,082,58,780 for the business year 1994 as of March 15, 200 and the special rural development tax of KRW 10,858,780 for the plaintiff shall be revoked.

2. Purport of appeal

The part against the defendant in the judgment of the first instance shall be revoked, and the corresponding plaintiff's claim shall be dismissed.

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 first instance court is just and without merit, and it is dismissed. It is so decided as per Disposition.

Judges Song Jin-jin (Presiding Judge)