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1. The Defendant: (a) KRW 271,064,300 for the Plaintiff and KRW 5% per annum from December 23, 2014 to May 18, 2015; and (b).
Reasons
Basic Facts
The following facts are not disputed between the parties, or may be recognized by taking into account each entry in Gap evidence Nos. 1, 2, 4, 5, and 6 (including serial numbers) and the whole purport of oral arguments:
In around 2012, the Plaintiff entered into a contract with the Korea Rail Network Authority for the construction of new electric lines from the KRA to the NA (a structure supporting electric lines and electric lines installed in accordance with the line to supply electricity by participating in the electric power unit to the electric vehicle) and performed the said construction. The Defendant becomes the Plaintiff.
is an insurer which has entered into an insurance contract such as described in the subsection.
On December 11, 2012, the Plaintiff entered into an insurance contract between the Plaintiff and the Defendant (hereinafter “instant insurance contract”) with a view to ensuring the risk that the Plaintiff may incur damage (the first sector property damage) due to the foregoing construction work and the risk that the Plaintiff may incur damage to a third party (the second sector third party’s liability).
Summary of Insurance Conditions
1. Insured: The plaintiff, the Korea Rail Network Authority, and other companies related to construction;
2. The name of the insured construction work: Construction work of an electric car line between the next industry of the high-speed high-speed rail in South and North Korea;
3. Insurance period: Amount of insurance coverage on October 8, 2012 to December 30, 2014: 41,334,435,915 - Construction cost: 20,974,264,915 - Construction cost: 19,560,171,000 won - Costs of removing residues: 300,000,000 won - Part II liability for damages of third parties: 50,000,000 won per accident without distinguishing personal property;
5. Natural disaster in the first sector: 30,000,000 won per accident and other property damage: 10,000,000 won per accident; and
6. Insurance premium: The content of the terms and conditions in the third party liability clause of the insurance contract in this case, which is a major content of the third party liability clause, shall be the insured to a third party.