Sbru Investmentcom (Attorney Jeon Jae-jin et al., Counsel for the defendant-appellant)

The head of Jongno-gu Seoul Metropolitan Government (Seoul High Law Firm, Attorneys Park Sang-young et al., Counsel for the plaintiff-appellant)

August 18, 2005

Seoul Administrative Court Decision 2004Guhap3977 decided September 15, 2004

1. The plaintiff's appeal is dismissed.

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

The judgment of the first instance shall be revoked. The imposition of the registration tax of KRW 3,614,40,000 against the plaintiff on June 9, 2003 and the local education tax of KRW 662,640,00 against the plaintiff shall be revoked.

The court's explanation on this case is the same as the entry in the column of the judgment of the court of first instance. Thus, it is citing this as it is by Article 8 (2) of the Administrative Litigation Act and Article 420 of the Civil Procedure Act.

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 Kim Jong-soo (Presiding Judge)