Asian Air Co., Ltd. (Law Firm Western, Attorney Lee Jong-young, Counsel for the plaintiff-appellant)

Director of the District Office

July 22, 2005

Seoul Administrative Court Decision 2004Guhap10845 decided August 19, 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, and the disposition of imposition of corporate tax of KRW 932,378,400 against the plaintiff on November 13, 2002 by the defendant shall be revoked.

1. Quotation of judgment of the first instance;

The court's reasoning concerning this case is the same as the reasoning of the judgment of the court of first instance.

2. Conclusion

Therefore, the judgment of the court of first instance is just and the plaintiff's appeal is dismissed as it is without merit.

Judges Song Jin-jin (Presiding Judge)