New Co., Ltd. (Law Firm Sejongsan, Attorneys Kim Jong-soo et al., Counsel for the defendant-appellant)

Republic of Korea (Law Firm Cheong, Attorneys Kim Du-soo et al., Counsel for the plaintiff-appellant)

June 29, 2007

Seoul Central District Court Decision 2006Gahap30926 Decided November 8, 2006

1. The defendant's appeal is dismissed.

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

1. Purport of claim

The defendant shall pay to the plaintiff 494,349,565 won with 5% interest per annum from March 18, 2006 to the service date of a copy of the complaint of this case, and 20% interest per annum from the next day to the day of complete payment.

2. Purport of appeal

The part against the defendant in the judgment of the first instance shall be revoked, and the plaintiff's claim corresponding to that part shall be dismissed.

1. The grounds for the entry of this case are the same as the part of the reasoning of the judgment of the court of first instance, and thus, they are quoted in accordance with the main sentence of Article 420 of the Civil Procedure Act.

2. If so, the judgment of the court of first instance is just and reasonable, and the defendant's appeal is dismissed.

Judges Kim Byung-chul (Presiding Judge)