1. The Defendant’s KRW 884,579,680 for the Plaintiff and 5% per annum from May 31, 2012 to January 16, 2014.

1. Details of ruling;

(a) Business approval and public notice - Business name: Bogeumjari Housing Project (B): The defendant

(b) The Central Land Tribunal’s ruling on expropriation by April 6, 2012 - Land subject to expropriation by the Central Land Tribunal: Land listed in the column for expropriation on the attached table owned by the Plaintiff (hereinafter “each of the instant lands”): 15,58,309,330 won - The date of commencement of expropriation: An appraisal corporation for a stock company and a Pacific Appraisal Corporation for a stock company and a Pacific Appraisal Corporation for a stock company.

C. Determination by the Central Land Tribunal on September 14, 2012 - Compensation: 16,170,720,820 won - An appraisal corporation: one appraisal corporation and one appraisal corporation and one appraisal corporation and one appraisal corporation and the other appraisal corporation (hereinafter referred to as “appraisal”) together with the appraisal corporation and the other appraisal corporation (hereinafter referred to as “appraisal”) [based on recognition] of absence of dispute; the records in subparagraphs 1 through 4, in subparagraphs 1 through 1, 2, and 3 (including branch numbers; hereinafter the same shall apply) and the purport of the whole pleadings;

2. The assertion and judgment

A. (1) The Plaintiff’s assertion (1) each land listed in the separate sheet Nos. 1, 7, 7-1, 10, and 11 among each land of this case (hereinafter “instant issues land”) was used as factory site at the time of the adjudication of expropriation, but this is an illegal alteration of the form and quality, and as to each land above, it should be evaluated by presenting and evaluating the current situation at the time of changing the form and quality as factory site at the time of the illegal alteration of the form and quality. Since the current situation at the time of changing the form and quality

(2) The compensation for each of the instant lands, calculated by the appraisal of the ruling, is too low in general and unfair.

B. (1) Each of the instant lands is located near the south East East Eastern area located in Hanam City, and its surrounding areas are formed by farmland, farm, warehouse, factory, etc.

(2) The adjudication appraiser shall evaluate all the issues of this case as forest land by its land category in the public record and compensate for losses.