Seoul High Court 2017Nu59767 (22 March 22, 2018)

(Resceptic Conduct)

Since the subject of investment and calculation of the shares of this case is KimA, etc. and KimA, etc. are the substantial shareholders, and the fact that there was an agreement on title trust between the plaintiffs, the nominal shareholders, KimA, etc. is also the plaintiffs, each of the dispositions of this case that the plaintiffs deemed to have donated the shares of this case by KimA, etc. under Article 45-2 of the former Inheritance Tax and Gift Tax Act is legitimate.

All of the records of this case and the judgment of the court below and the grounds of appeal were examined, but it is clear that the appellant's grounds of appeal fall under Article 4 of the Act on Special Cases Concerning the Procedure of Appeal and therefore, all of the appeals are dismissed pursuant to Article 5 of the above Act. It is so decided as per Disposition by

Donation of title trust under Article 45-2 of the Inheritance Tax and Gift Tax Act