Appropriateness of inclusion of assets in gross income from insufficient earnings;

The instant agreement is premised on the possibility that the value per share does not reach 700,000 won. Therefore, the objective market price of the ○○ Insurance Stocks at the time of donation should be appropriated as assets increase profit, and the actual preservation should be appropriated as assets increase profit when the actual preservation is made.

Article 41 of the Corporate Tax Act Acquisition Value of Assets

1. The Defendant’s imposition disposition of KRW 84,898,274,564, and KRW 76,108,781,924 of corporate tax for the business year 2000 against the Plaintiff ○○ Bank on December 10, 2004; the Defendant’s imposition disposition of KRW 101,340,945, and KRW 96,766,72,260 of corporate tax for the business year 2000 against the Plaintiff ○○ Bank; the Defendant’s imposition disposition of KRW 25,586,512,60 of corporate tax for the business year 2002 against the Plaintiff ○○ Bank; the amount exceeding KRW 101,340,94,616,630 of corporate tax for the business year 200; and the Defendant’s imposition disposition of KRW 25,630 of corporate tax for the business year 200.

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

The same shall apply to the order.

1. Details of the imposition;

The following facts do not conflict between the parties, or can be acknowledged in full view of the purport of the whole pleadings in the statements in Gap evidence 1-1, 2, 3-1, 2, 3-2, 3-1, 3-2, 3-3, Gap evidence 5-1 (Evidence 6-2, 3-2, 5-2, 2, 2, 22-2, 1-2, 2-1 through 9, 3, 4, 5-1 through 5-9, 5-2:

A. The Plaintiffs were corporations running banking business under the Banking Act, and were holding loans against ○○ Automobile Stock Company (hereinafter “○○ Automobile”).

B. However, on August 24, 1999, when the company reorganization procedure was initiated in around 194 due to the business deterioration, ○○○ shareholder of ○○ Automobile, including the plaintiffs, decided to donate 350,000 shares of ○○ Life Company (hereinafter "the shares of this case") to the ○○ Life Company (hereinafter "○○ Life Company")'s non-listed shares of 3.5 million shares (hereinafter "the shares of this case"), and on June 29, 2000, 47,70 shares of ○○ Life Bank (hereinafter "○○ Bank"), the shares of 22,503 shares of the same shares in the Plaintiff○○ Bank (hereinafter "○○ Bank") and the shares of ○○ Bank (hereinafter "the previous shares of ○○ Bank"), and the shares of ○○ Bank (hereinafter "the shares of this case") of each case (hereinafter "the shares of this case").

On the other hand, on June 13, 2000, prior to the donation of this case, the Plaintiff ○○ Bank transferred its claim for loans to ○○ Motor, and all rights incidental thereto to ○○ Special Purpose Company.

C. The Plaintiffs reported to the Defendant the tax base and tax amount of the corporate tax for the business year of 2000 to increase the number of the instant shares; ① Plaintiff ○○ Bank considered the market price of KRW 332,00 per share of 47,700,000 as the total amount of KRW 15,836,40,000 ($ 47,700 X32,000) as the profit from asset increase; ② Plaintiff ○○ Bank considered the market price of 22,503 shares as KRW 291,00 per share of 22,50,000, as the market price of 200,000 won per share of 22,500,000 won in the gross income (22,503 X2,503,000 won in the gross income; ③ did not consider Plaintiff ○○ Bank as the asset increase of KRW 270,270,000 in the gross income for the business year above 2060,27020.

D. However, the Defendant determined that the market price per share of the instant shares at the time of the instant donation was 700,000 won in the calculation of earnings from the increase of assets, and reserved the amount of the Plaintiff’s ○○ Bank’s corporate tax for the business year of 2000 as KRW 84,898,274,564 (tax notice and notice 8,789,49,492,640, less than 101,340,945,200 (tax notice and notice 4,574,22,940, less than the already paid tax amount) as corporate tax for the business year of 200,000 (tax notice and notice 4,574,22,942,940, less than the already paid tax amount) in the calculation of earnings, and the amount of the Plaintiff’s ○○ Bank’s corporate tax for the business year of 2002 was 36,364,069,79,970 (tax amount below 19).

※¹ 익금산입 내역

○ Bank: gold KRW 17,553,600,00 = [(70,000 - 332,000) X 47,700]

○ Bank: gold KRW 9,203,727,00 = [(70,00 - X 22,500)]

○ Bank: gold 52,350,200,00 = (700,00 X 74,786 note)

※² 원고 ○○은행의 경우 2000 및 2001 사업연도에 결손금이 발생하여 해당 사업연도 및 차기 사업연도에 이월되었는데, 피고가 2000 사업연도 ○○생명 주식의 자산수증익을 익금산입한 결과 그 산입된 익금만큼 감소된 이월결손금이 모두 공제된 2002 사업연도 법인세가 증액·경정되었다.

E. Meanwhile, the Defendant: (a) reduced or corrected corporate tax for the business year 2002 by KRW 36,320,344,252 (which seems to be irrelevant to the gains from the acquisition of assets of the instant shares); (b) re-increased or re- corrected the amount of KRW 36,586,512,607 on May 19, 2006 (hereinafter “the disposition imposing corporate tax on the Plaintiff ○ Bank, ○○ Bank, and ○○ Bank as of December 10, 204”; and (c) imposed corporate tax on the Plaintiff ○ Bank as of May 19, 2006 for the business year 202, which was increased or corrected as of May 19, 2006.”

F. On March 3, 2005, the Plaintiffs were dissatisfied with the instant disposition (the Plaintiff ○○ Bank was imposed on December 10, 2004) and filed an appeal with each National Tax Tribunal on March 3, 2005, and the National Tax Tribunal dismissed each of the Plaintiffs’ claims on July 28, 2005.

2. Whether the instant disposition is lawful

A. The parties' assertion

(1) The defendant's assertion

On August 24, 1999, in the case of donation of the stocks of this case to ○ Automobile creditor financial institutions including the plaintiffs, if the disposal price of the stocks of this case falls short of 700,000 won per share, 2.45,50 billion won per share, it was agreed to preserve the shortage by adding ○ Lifelong Stocks to ○○, etc. As a result, around the business year 2000, most of ○ Lifelong Stocks were traded over 700,000 won per share. In addition, 4 corporations, such as ○○ Electricity, etc. including ○○ Electricity, etc., from July 19, 199 to August 31, 200, 67 collaborative companies and retired officers and employees of ○○ Automobile without special relation, purchased ○ Lifelong Life Stock from 67 billion won per share, and all of the financial institutions, other than the plaintiffs and some creditor financial institutions, included the market price of the stocks of this case as ○○ Asset.

Therefore, since the market price per share of the shares issued by the plaintiffs shall be 700,000 won per share, the disposition of this case, which included the difference in the gains from the receipt of assets, is legitimate.

(2) The plaintiffs' assertion

It was true that ○○○ et al. agreed to preserve gold 2.45 billion won by donating ○○○’s shares to the creditor financial institutions in order to compensate for damages caused by the ○○ Automobile Restructuring. However, the agreement is premised on additional donation, investment, etc. other than 3.5 million shares of this case that were first donated to the creditor financial institutions, including the Plaintiffs. As such, the agreement alone does not lead to an agreement that the market price per each share of ○○ Bio-resources, which the Plaintiffs verified, reaches KRW 700,000,000,000,000 won. Furthermore, it is difficult to view that the remainder of the market price of ○○ Bio-resources, which the Defendant

Therefore, the disposition of this case, which held that the market price per share of the shares issued by the plaintiffs is 700,000 won, is erroneous.

(b) Related statutes;

Corporate Tax Act

Article 15 (Scope of Gross Income)

(1) The gross income shall be the amount of earnings generated by transactions which increase the net assets of the concerned corporation, except for capital input or financing and what is provided in this Act.

Article 41 (Acquisition Value of Assets)

(1) The acquisition value of assets acquired by a domestic corporation through purchase, production, exchange, gift, etc. shall be the amount falling under any of the following subparagraphs:

3. For assets other than those under subparagraphs 1 and 2, the amount as prescribed by the Presidential Decree at the time of acquisition.

Article 52 (Dispudiation of Wrongful Acts)

(1) Where the head of the district tax office having jurisdiction over the place of tax payment or the Commissioner of the competent Regional Tax Office deems that the tax burden of a domestic corporation has been unjustly reduced through transactions with persons with a special relationship prescribed by Presidential Decree (hereinafter referred to as "specially related persons"), he/she may calculate the amount of income for each business year of the relevant corporation regardless of the activities or calculation of the amount of income of the relevant corporation (hereinafter

(2) In the application of the provisions of paragraph (1), the standard for determination shall be the prices applied or to be applied in sound and generally accepted practices and normal transactions between persons without a special relationship (including rates, interest rates, rents, exchange rates and other equivalent rates; hereafter referred to as "market price" in this Article).

Enforcement Decree of the Gu Corporate Tax

Except as otherwise provided for in the Act and this Decree, earnings under Article 15 (1) of the Act shall be those under any of the following subparagraphs (amended by Presidential Decree No. 17033 of Dec. 29, 2000):

5. The value of assets received without compensation;

Article 72 (Acquisition Value of Assets, etc.)

(1) The acquisition value of assets as provided in Article 41 (1) and (2) of the Act shall be the amount falling under each of the following subparagraphs:

5. Assets acquired by means other than those under subparagraphs 1 through 4: The market price as at the time of their acquisition.

Article 89 (Law of Market Price, etc.)

(1) In the application of the provisions of Article 52 (2) of the Act, where there is a price generally traded between many and unspecified persons other than a person with a special relationship or between third parties who are not a person with a special relationship in a similar situation to the relevant transaction, the price shall be determined (amended by Presidential Decree No. 17826, Dec. 30, 2002)

(c) Fact of recognition;

Each of the evidence mentioned above, Gap evidence 4-1, 2, Eul evidence 6-1, 7, 8, 9, Eul evidence 10-1, 2, 11, 12, 13, Gap evidence 16 through 20, Gap evidence 23, Eul evidence 24-1, 25-26, Eul evidence 6-1, 2-2, Eul evidence 8-1, 9-1, 5, Eul evidence 10-1 through 4, Eul evidence 11, 12, 13, 14-1, 24, Eul evidence 25-1 through 4, Eul evidence 26, Eul evidence 6-1, 7, Eul evidence 8-1, 5, Eul evidence 10-1, 11, Eul evidence 12, 13-14, Eul evidence 2, 14-2, Eul evidence 2, Eul's whole guarantee insurance (hereinafter referred to as "○○○'s guarantee insurance Co.").

(1) On August 24, 1999, 16 creditor financial institutions, including the plaintiffs, who are creditors of ○○ Automobile, agreed on August 24, 199 with ○○ Group affiliate companies (hereinafter referred to as “○○ affiliate companies”) as follows (hereinafter referred to as “instant agreement”).

The Agreement of this case

1. Donation of stocks)

In order to compensate for the losses of creditor financial institutions expected in connection with the disposal of ○○ Automobile at an intentional level, this ○○ shall gratuitously donate 3.5 million won out of 4 million shares of ○○ Life Stock at the time of the application for corporate reorganization to the creditor financial institutions in order to compensate for the losses of the creditor financial institutions, and shall not exercise any right with respect to ○○ Automobile.

2. Compensation for losses)

A. The ○○ affiliated company shall dispose of the shares of this case donated to the creditor financial institutions until December 31, 200 and pay the disposal proceeds to the creditor financial institutions. If the disposal proceeds fall short of 2:450 billion won, the ○○ affiliated company shall additionally donate to the creditor financial institutions the shares of this case to 500,000 shares of private life owned by the creditor financial institutions.

B. In a case where the ○○○’s additional contribution falls short of the ○○ Bio-resources, the ○ affiliated companies shall substitute for compensating for losses by means of capital contribution (non-voting or delegation of voting rights) to creditor financial institutions or by means of purchase of subordinated bonds issued by creditor financial institutions, as much as the shortage

C. If the ○○○ and ○○ affiliated companies fail to pay by December 31, 200 a.a. B. B., 200, ○ affiliated companies jointly and severally pay to the creditor financial institutions the amount equivalent to the interest in arrears at the interest rate on the bank account of ○ Bank until the date on which the payment is made, with respect to the shortage of 2 Article 450 billion won in total. However, if the implementation of the above Section B is delayed due to the procedure of the creditor financial institutions, ○○ and ○ affiliated companies are exempted from the payment of the amount equivalent to the interest in arrears at the interest rate for the delayed period.

(2) The details of distribution of 3.5 million shares of this case donated to creditor financial institutions under the agreement of this case are as follows.

Name of Institution

Amount of standard bonds

(unit: 1 million won)

Number of shares allocated

○ Bank

42,394

47,700

○ Bank

20,000

2,503

○ Bank

66,467

74,786

○ Bank

480,057

540,142

○○ Surety Insurance

1,672,450

1,881,778

○ Bank

35,820

377,852

○ Investment Trust

200,000

25,032

○ Bank

104,552

17,638

○ Bank

52,530

59,105

○ Bank

51,892

58,387

○ ○ Credit

37,455

42,143

○ Bank

20,021

2,527

○ ○ Comprehensive Finance

10,877

12,238

○ ○ Comprehensive Finance

6,477

7,288

○○ Lease

6,364

7,161

○ Bank

3,306

3,720

Consolidateds

3,110,662

3,500,000

(3) Over-the-counter trading of ○○ Bio-stocks

㈎ ○○그룹은 ○○자동차의 정리에 따른 협력업체 및 퇴직임직원의 손실을 보전하기 위하여 ○○계열사 4개 법인이 ○○생명 주식 약 70만주를 1주당 70만원에 매수하기로 결정하고, 1999. 7. 19.부터 2000. 7. 28.까지의 사이에 ○○자동차의 협력업체 및 퇴직임직원 등에게 1주당 금 70만원의 처분대금보장 조건으로 ○○생명 주식을 증여한 다음, ○○계열사 4개 법인은 이를 취득한 협력업체와 퇴직임직원들로부터 ○○생명 주식 약 46만주를 1주당 금 70만원에 매수하였다.

㈏ ○○주식회사는 2000. 5. 22. 주식회사○○에게 ○○생명 주식 25만주를 1주당 금 28만원 합계 금 700억원에 매도하였다.

㈐ 이○○로부터 ○○생명 주식을 증여받은 총 16개 채권금융기관 중 ○○보증보험 등 6개사 채권금융기관들은 수증한 이 사건 주식을 1주당 금 70만원으로 평가하여 자사수증익으로 계상하였으나, 나머지 원고들을 포함한 10개사 채권금융기관들은 이 사건 주식의 1주당 시가를 금 70만원 이하인 0원부터 56만원으로 계상하였다.

㈑ ○○주식회사(2002. 10. 18. ○○주식회사로 상호가 변경되었다)는 2002. 6. 외국으로부터 자금을 차입하면서 ○○생명 주식을 1주당 금 325,000원으로 평가하여 담보로 제공하였다.

㈒ ○○생명 주식은 2000. 4.경부터 2004. 7.경까지 사이에 상장 또는 등록되지 않은 법인 주식을 거래하는 인터넷 시장에서 1주당 금 150,000원(2001. 10. 5.)에서 금 403,150원(2003. 7. 16.)사이의 가격으로 거래되었으며, 이 사건 증여일인 2000. 6. 29.의 가격은 금 370,000원이었다.

(4) The asset-backed securitization process of the instant shares

㈎ ○○생명은 1999. 9.경 채권금융기관 중 ○○보증보험, ○○주식회사, 이○○와 사이에 이 사건 합의에 따라 ○○보증보험에 증여한 ○○생명 주식의 자산유동화와 관련하여, ① 자산유동화의 목적은 ○○자동차가 발행한 회사채의 지급 또는 상환을 위한 것이고, ② 자산유동화에 따른 선순위 유동화증권은 ○○생명 및 ○○생명이 지정하는 자가 전액 인수하며, ③ 유동화를 위하여 ○○보증보험이 증여받은 주식을 유동화전문회사에 매각하는 경우 매각가격은 1주당 금 70만원으로 하고, ④ 유동화 대상 증여주식의 매각대금으로 교부받은 현금은 오로지 회사채의 원리금 상환에 사용하기로 약정하였다.

㈏ 위 약정에 따라 ○○계열사들은 2000. 8. 21. 자산유동화 전문회사인 ○○유동화전문 유한회사를 설립하였고 ○○보증보험은 같은 달 31. 경 위 유한회사에게 이○○로부터 수증한 ○○생명 주식 중 87,741주를 1주당 금 70만원 합계 금 61,418,700,000원에 매도하였다.

Afterwards, ○○○ Insurance received the sales price of ○○ Life Insurance from the above limited company and repaid it as principal and interest of corporate bonds of ○○ Automobile, and ○○ Life Insurance acquired the senior bonds issued by the above limited company.

(5) The ○○ Financial Research Institute estimated the net asset value per share of ○○ Life as KRW 38,499 in a policy research report published in around 199.

(6) On June 200, 200, ○○ Securities Co., Ltd. predicted the stock price after listing ○○ Life to be KRW 250,000 per share from KRW 250,000,000. On September 30, 200, 200, ○○ Accounting Corporation assessed ○○ Life Stock as KRW 291,00 per share in the on-site report for calculating public funds by ○○ Credit Co., Ltd.

D. Determination

(1) According to Article 15(1) of the Corporate Tax Act and Article 11(5) of the former Enforcement Decree of the Corporate Tax Act (amended by Presidential Decree No. 17033, Dec. 29, 2000), the value of assets gratuitously received is included in the gross income that increases the net assets of the corporation. The value of assets included in the gross income means the market value at the time of acquisition pursuant to Article 72(1)5 of the former Enforcement Decree of the Corporate Tax Act (amended by Presidential Decree No. 17457, Dec. 31, 2001).

In this context, "market price" means the price applied or determined to be applied to a normal transaction between unrelated parties under Article 52 (2) of the Corporate Tax Act and Article 89 (1) of the former Enforcement Decree of the Corporate Tax Act (amended by Presidential Decree No. 17826 of Dec. 30, 2002) (amended by Presidential Decree No. 17826 of Dec. 30, 2002), namely, the price continuously traded with many and unspecified persons or a third party

(2) Therefore, the Defendant’s ground for determining that the market value per share of the instant shares is KRW 700,000 per item shall be considered as per item

㈎ 먼저, 이 사건 합의 부분을 보건대, ① 이 사건 합의는 1차로 증여한 이 사건 주식의 처분 대금이 당초 보전하기로 약정한 금 2조 4,500억원에 미치지 못하는 경우 이○○가 추가로 ○○생명 주식 50만주를 채권금융기관들에 증여하고, 그 마저도 약정한 금액에 미치지 못하면 ○○계열사들이 채권금융기관들에 자본출자를 하거나 채권금융기관들이 발행하는 후순위 채권을 매입하며, ○○계열사들이 2000. 12. 31. 까지 ○○생명 주식의 처분대금으로 채권금융기관들의 손실 금 2조 4,500억원을 보전해 주지 못하는 경우 ○○계열사들은 이○○와 연대하여 그 차액에 대한 지연이자를 지급한다는 것으로서, 그 자체로서도 이 사건 증여 당시 이 사건 주식의 1주당 가치가 금 70만원에 미치지 못할 가능성을 전제로 추가 증여 및 출자를 예정하고 있는 점, ② 만약이 사건 합의에 따라 이 사건 주식의 1주당 가치가 70만원이라면 이 사건 주식의 증여 자체로서 이○○의 이 사건 합의에 따른 약정이 모두 이행되었다는 모순이 발생하고, 나아가 추가로 증여하기로 약정한 ○○생명 주식 50만주는 아무런 가치를 가지지 못하는 결과로 되어, 채권금융기관들이 추가로 ○○생명 주식 50만주를 수증할 필요가 없게 되는 불합리가 있는 점, ③ 이 사건 합의에 따라 ○○생명계열사의 자본출자 및 후순위채권 매입 등 추가 보전이 이루어지더라도 채권금융기관들은 그 대가로 지분권(주식)이나 채권증서를 발행ㆍ교부하게 되므로 자산수증익이 될 수 없는 점(따라서 자본출자 및 후순위채권 매입이 이루어진다면 이 사건 합의에 따른 채권금융기관들의 자산수증익 총 합계가 2조 4,500억원에 이르지 않게 된다), ④ 이 사건 합의에 따라 이○○와 ○○계열사에 ○○생명 주식의 일정 금액 미달을 이유로 보전을 청구할 수 있는 당사자는 이 사건 합의의 당사자인 채권금융기관들이고, 나머지 ○○생명 주식을 보유하는 제3자나 채권금융기관들로부터 ○○생명 주식을 양수한 자는 이 사건 합의에 따른 보전청구권을 행사할 수 없는 점 등 변론에 나타난 제반사정을 종합하면, 이 사건 합의의 종국적 취지는 이○○ 및 ○○계열사 등이 이 사건 주식 등을 매개로 채권금융기관들에 대하여 ○○자동차의 정리로 인하여 발생한 피해 금 2조 4,500억원을 보전해 주겠다는 것이지, 원고들에게 이 사건 주식의 1주당 가액을 금 70만원으로 보장한다는 것은 아니라고 할 것이므로, 이 사건 합의만으로 이 사건 주식의 1주당 시가가 금 70만원에 이른다고 볼 수 없다.

On the other hand, the defendant alleged that the revenue of KRW 20,450,000, including the shares of this case, was attributed to creditor financial institutions, including the plaintiffs, according to the agreement of this case. However, as seen above, the agreement of this case is premised on the possibility that the market price of the shares of this case can not be supported by the preservation of the amount of KRW 24,50,000,000,000. The essence of the revenue from the receipt of assets of this case is the taxable cause. Thus, the mere fact that the agreement of this case was concluded cannot be deemed to have become final and conclusive solely on the fact that the agreement of this case was concluded. Civil litigation is continued with the creditor financial institutions as to the additional preservation of the agreement of this case (Seoul Central District Court 2005Da111828, 200, 3000,000,000,000,000,000 won, even if claims and debts were generated, and it becomes final and conclusive by the judgment of this case.

㈏ 다음으로, ○○계열사 4개 법인이 ○○자동차 협력업체 및 퇴직임직원으로부터 ○○생명 주식을 매수한 부분을 보건대, 앞서 본 바와 같이 이 사건 주식의 시가는 불특정 다수인과 계속적으로 거래한 가격 또는 제3자 간에 일반적으로 거래된 가격을 의미하는데, ① ○○계열사 4개 법인의 ○○생명 주식 매수는 ○○자동차의 정리에 따라 협력업체 등에 발생하는 손실을 보전하기 위한 특수한 상황에서 사전약정에 따라 이루어진 점, ② 매수의 대상과 법위도 협력업체 및 퇴직임직원만을 대상으로 70만주를 한도로 한정적으로 이루어진 점 등 변론에 나타난 제반사정을 종합하면, ○○계열사 4개 법인의 ○○생명 주식의 매수가액은 불특정 다수인 사이에서 일반적으로 거래된 가격이라고 볼 수 없다.

㈐ 다음으로, 채권금융기관들 중 일부가 이 사건 주식의 1주당 시가를 금 70만원으로 평가한 부분을 보건대, ① 채권금융기관이 이 사건 주식을 수증한 후 이를 자산 수증익으로 계상하는 것은 개별 법인의 편면적 회계처리에 불과하여 이 사건 주식의 교환가치를 의미하는 것이 아닌 점, ② 채권금융기관들 중 이 사건 주식의 1주당 시가를 금 70만원으로 평가한 법인보다 오히려 그 이하의 가격으로 평가한 법인이 더 많다는 점 등 변론에 나타난 제반사정을 종합하면, 채권금융기관들 중 일부 법인의 이 사건 주식의 1주당 평가액이 이 사건 주식의 시가를 의미한다고 볼 수 없다.

㈑ 끝으로, ○○보증보험이 수증한 이 사건 주식 중 일부를 자산유동화한 부분을 보건대, ○○보증보험의 이 사건 주식의 자산유동화는 만기가 도래한 ○○자동차 회사채의 상환을 위한 목적으로 관련 회사들과의 사전약정에 따라 이루어진 것이므로, ○○보증보험의 이 사건 주식 매각 단가는 정상적이고 일반적인 거래에서 형성된 객관적 시가를 의미한다고 보기가 어렵다.

㈒ 따라서, 피고가 이 사건 주식의 1주당 시가의 근거라고 판단한 부분은 모두 이 사건 주식의 시가를 반영하는 사례라고 보기 어렵고, 달리 이 사건 주식의 1주당 시가가 금 70만원이라는 점을 인정할 증거가 없다.

(3) Rather, on May 22, 200, 200, 1 ○○ Company sold 250,000 won per share of ○○ Life Stock to ○○ Company on May 22, 2000, 200, 200 won per share of ○○ Life Stock with funds borrowed from a foreign country on June 2002, 3200 won per share of ○○ Life Stock with ○○ Life Stock (hereinafter “○○”) was assessed as KRW 325,000 per share. ③ The ○ Life Stock (hereinafter “○○”) traded in the trading market outside the Internet of non-corporate stocks around the time of the instant donation was traded from KRW 150,00 per share to KRW 403,150 per share, ④ The ○○ Research Institute, a specialized evaluation institution, assessed as KRW 38,499 per share of ○○ Accounting Corporation as KRW 100,00 per share of 1 gold Stock.

(4) Therefore, in the instant case where no data exists to calculate the fair market price of the instant shares at the time of the instant donation, the instant disposition imposing the instant shares on the premise that the market price per share of the instant shares is KRW 700,000,000 is unlawful, and the entire revocation is inevitable.

3. Conclusion

Therefore, the plaintiffs' claims of this case are with merit, and it is so decided as per Disposition by admitting them.