All of the plaintiffs' claims are dismissed.

The costs of lawsuit shall be borne by the plaintiffs.

1. Basic facts

A. From September 2009, the Plaintiffs: (a) transferred the Plaintiff’s legal entity under the Plaintiff’s name to E; (b) thereafter, the Plaintiffs invested funds; and (c) concluded a partnership agreement with the content that operates a legal entity based on know-how for real estate development and purchases and develops real estate in the name of the legal entity.

B. For the execution of the above project, the Plaintiff B changed the trade name of F Co., Ltd. F established and operated on June 14, 2002 to the trade name D on October 28, 2009, which is the friendship of E as a shareholder and representative director, and E was registered in the certified transcript of corporate register as a shareholder and representative director, and in substance, E was operated as a representative.

C. D In order to develop into a housing site for electric source, on July 6, 2010, purchased the purchase price of KRW 1,181,000,000 in purchase price and completed the registration of ownership transfer by the Cheongju District Court No. 99859, Aug. 31, 2010.

In addition, D purchased purchase price from N on June 30, 2010 KRW 28,500,000 and completed each registration of ownership transfer under the Cheongju District Court No. 98800 of receipt on August 27, 2010 and the Cheongju District Court No. 125,00,000 won for Qu (part of R) from P on August 12, 2010 and purchased from P in KRW 125,00,000 for purchase price.

(O), M, and R real estate are each real estate listed in the separate sheet No. 1, and Q and K real estate are each real estate listed in the separate sheet No. 2. D.

On April 21, 2010, the Plaintiffs and E entered into an agreement with the following contents (hereinafter “instant agreement”) in order to guarantee the recovery of the money invested by Plaintiff B in D and to specify the contents of joint business, and the notary public notarized the agreement by the Seowon Law Firm No. 1097.

The E and the plaintiffs, who are joint business operators, shall enter into an agreement for joint business (hereinafter referred to as “instant business”) as follows:

Section 1.This Arrangement shall be amended by D. B. S., and I.