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1. The defendant shall be the plaintiff.
(a) KRW 1,00,000,000 per annum from August 1, 2015 to January 26, 2019;
Reasons
1. Basic facts
A. The Plaintiff (formerly “C”) is a company engaged in clothing export and import business, export agency business, etc., and D Co., Ltd. (hereinafter “D”) owns a factory in Myanmar and engages in clothing manufacturing business, export and import business, etc.
The defendant is the chairperson of the so-called "E Group" and is substantially operating a number of companies, such as D.
B. The D Representative Director I, the E-group Chairperson Defendant (hereinafter “A”) and the Plaintiff Representative Director J (hereinafter “B”) under the Joint Management Agreement signed by the Joint Management Agreement shall enter into and implement the following agreements:
1. Purport (1) A shall operate all facilities, such as F, G, and H plant buildings, machinery and equipment, managed by Myanmar, in collaboration with B during that period through this Agreement;
2. Exercise of the power of representation (1) A shall exercise the power of representation as a party to this Joint Management Convention, and as regards other matters than that of the Union, B shall exercise the power of representation, but if it is necessary to change the power of representation, it shall be determined through mutual consultation.
3.Accounting and revenue (1) Shall use, manage and benefit from all the revenues accruing from the operation of the above three factories under the responsibility of B.
provided that, no later than the date this Convention enters into force (as of July 31, 2012), A shall receive revenues from sales generated from the production sector A and after the date this Convention enters into force (as of August 1, 2012), A shall receive revenues from sales produced from the date of entry into force of this Convention, and then A shall receive revenues from sales produced after the termination of the period of this Convention.
(2) Eul shall pay all kinds of operating expenses, such as personnel expenses, rents, minimum guarantee amount of H factories, various taxes and public charges, etc., which have been paid for the operation and management of the above three factories during the term of the contract, and Eul's specialized company shall also be responsible for losses in consideration of its expertise and operate and manage the factories.