1. Of the judgment of the court of first instance, the part against the plaintiff corresponding to the money ordered to pay below shall be revoked.

The defendants are the defendants.

1. Basic facts

A. Defendant B Co., Ltd. (hereinafter “Defendant Company”) is a company aimed at selling real estate on behalf of others, conducting real estate, and developing real estate. Defendant C is the representative director of the Defendant Company, Defendant D’s managing director, and Defendant E’s managing staff, and Defendant E’s managing staff of the Defendant Company.

B. Defendant C, D, and E purchased at a low price of Gyeonggi G forest, etc. and planned to induce buyers to acquire profits from the market price of up to 300 millions due to the development of administrative work, such as moving-in company in Pyeongtaek-gun, etc. within the nearest time, and the compensation for confinement, etc., by deceiving buyers. Defendant C raised more than 300 million won at the cost of purchasing the said forest in the course of managing the Defendant Company, and ordered business employees, including Defendant D, E, to deceiving buyers in accordance with the above public offering, and Defendant D and E conspired to act as deceiving buyers by soliciting buyers in accordance with such instruction.

C. Accordingly, on December 30, 2010, Defendant E recommended the Plaintiff, by telephone, to the effect that “I am good land in a daily manner,” and the Plaintiff would return the above forest land to the Plaintiff by purchasing the land after purchasing the land.” Defendant D, at the office of the Defendant Company located in Gangnam-gu Seoul Metropolitan Government, around December 30, 2010, purchased the said forest and field. Defendant D was said to be “I am in a usual manner,” and the Gyeonggi-si G forest and field to be handled by our company, will be developed according to the urban development plan, and the forest and field to be handled by the company in Korea will be decided to be an administrative agency, and the applicant of Li-gun would be the maximum amount of compensation for the forest and field to be KRW 3 million per square year.”

However, the above forest is designated as a conservation management area under the National Land Planning and Utilization Act, and it is subject to permission for development activities.