1.The judgment of the first instance shall be modified as follows:

The defendant shall pay to the plaintiff KRW 64,997,180 and its interest on July 28, 2011.

1. Details of ruling;

A. Business Name - Business Name - Business Name - Business Name 2nd (hereinafter “instant project”): Defendant - Location - The instant project site was designated as a housing site development zone on September 10, 2009 as the project site announcement of Ulsan-gun, Ulsan-gun, Seoul (hereinafter “instant project site”) - On September 10, 2009, pursuant to Article 48 of the Act on Special Cases Concerning the Construction of Bogeumjari Housing, Etc. (hereinafter “Special Cases Concerning the Construction of Bogeumjari Housing”), and thereafter, it was converted to the Bogeumjari Housing District E as announced by the Ministry of Land, Transport and Maritime Affairs on September 17, 2010.

The Central Land Tribunal’s adjudication of expropriation on June 3, 201 (hereinafter “instant adjudication of expropriation”): Compensation for losses - Each of the instant land (hereinafter “instant adjudication of expropriation”): The amount of 3,111/14,670 square meters (hereinafter “land 1”), G orchard 1,522 square meters (hereinafter “second-party land”), G orchard 1,522 square meters (hereinafter “each of the instant land”) and H ground obstacles (hereinafter “each of the instant land”) and H ground obstacles (hereinafter “each of the instant land”), and all of them are referred to as “the instant land”): The instant land (total 91,432,100 won), each of the instant land (total 91,50,000 won), each of the instant land (general 750,000 won), each of the instant land (hereinafter “the instant land”) and the instant appraisal corporation’s deposit and appraisal corporation (hereinafter “the date of expropriation”) - the Plaintiff’s deposit and appraisal corporation - the Plaintiff’s deposit and appraisal corporation - the Plaintiff 2017017.27.27.1.7.7

C. The Central Land Tribunal made an objection on October 28, 201 (hereinafter “instant objection”) - Compensation for losses: Each of the instant lands (total 102,617,130 won), and the instant obstacles (general 755,000 won): An appraisal corporation: a Pacific Appraisal Corporation (hereinafter “Pacific Appraisal”); a national appraisal corporation (hereinafter “Pacific Appraisal”); and a national appraisal corporation (hereinafter “Naa Appraisal”); and the appraisal of the instant objection is referred to as “the appraisal of the instant objection”): Payment: November 22, 2011.