Newsung Co., Ltd. (Law Firm Multilin, Attorney Lee Han-hoon, Counsel for the defendant-appellant)

Head of Suwon Tax Office

November 23, 2005

Suwon District Court Decision 2004Guhap7888 delivered on June 15, 2005

1. The plaintiff's appeal is dismissed.

2. The costs of appeal shall be borne by the Plaintiff.

The Defendant’s imposition of value-added tax of KRW 18,650,220 for the second period of 2003 against the Plaintiff on January 7, 2004 is revoked.

1. Quotation of judgment of the first instance;

This Court’s reasoning is the same as that of the judgment of the court of first instance, and thus, citing it as it is in accordance with Article 8(2) of the Administrative Litigation Act and Article 420 of the Civil Procedure Act.

2. Conclusion

Therefore, the judgment of the first instance court is legitimate, and the plaintiff's appeal is dismissed. It is so decided as per Disposition.

Judges Lee Sung-sung (Presiding Judge) (Presiding Judge)