1. The Defendant (Counterclaim Plaintiff) is liable to the Plaintiff (Counterclaim Defendant) for the amount of 8,812 square meters of C forest land and 444 square meters of D forest land in Seopopo-si.

1. Basic facts

A. On August 2014, the Plaintiff and the Defendant, along with F, agreed to jointly purchase and develop G forest 9,742 square meters, 2,056 square meters of H forest 2,056 square meters, 4,380 square meters of J forest 3,934 square meters of J forest, 4,281 square meters of K forest 4,281 square meters of land (hereinafter “each of the instant development land”), and to sell the same again and make profits therefrom a waiver of F’s participation in the said development project on or around October 2014, the Plaintiff and the Defendant agreed to undertake the said development project.

B. In the process of the above development project, the Plaintiff paid KRW 145,00,00 to the Defendant. 2) The Defendant: (a) purchased each of the instant development land using the said money in the name of KRW 300,00,000; and (b) completed the registration of ownership transfer on November 26, 2014; (c) the Plaintiff divided the said land into KRW 2,056 square meters in Seopo-si, Hapo-si, Hapo-si, 4,380, K 4,281 square meters into KRW 4,00 on December 11, 201, and KRW 20,000, KRW 20,459, KRW 459,000 on each of the instant land under the name of KRW 30,000, KRW 40,000; and (d) the Plaintiff completed the registration of ownership transfer on each of the instant land into KRW 11,647,812 square meters on each of the instant land.

The sales contract was prepared to the effect that B sold the price in KRW 103,00,000 and received the price.