1. The Defendant’s KRW 33,577,500 and the Plaintiff’s annual rate of KRW 5% from April 17, 2012 to July 16, 2014.

1. Details, etc. of ruling;

(a) Business approval and publication - Business name: Bogeumjari Housing project (17 teas): The defendant on June 3, 2009 - No. 2009-279 of the Ministry of Land, Transport and Maritime Affairs announced on June 3, 2009;

B. The Central Land Tribunal’s ruling of expropriation on March 16, 2012 - The land to be expropriated as indicated in the separate list No. 1 attached hereto (hereinafter “instant land”) - Compensation for losses: The land to be expropriated as indicated in the separate list No. 1 attached hereto (hereinafter “instant land”): The same shall apply as indicated in the separate list No. 1 attached hereto.

- Starting of expropriation: An appraisal corporation on April 16, 2012 - An appraisal corporation for a stock company, one appraisal corporation for a stock company (hereinafter “appraisal for expropriation”) and one appraisal corporation for a stock company (hereinafter “appraisal for expropriation”) and the results of appraisal are “appraisal for expropriation”.

C. The Central Land Tribunal’s ruling on August 10, 2012 - Order of an objection: Dismissal of an objection: Reasons for filing an objection: Each of the instant lands within a development-restricted zone is used by the Plaintiff by changing the land for factory into the commercial site without obtaining permission for changing the purpose of use of the building. As such, the said land cannot be assessed as the commercial site, and the compensation for expropriation of each of the instant lands

- An appraisal corporation: An appraisal corporation; an appraisal corporation; a preliminary appraisal corporation; (d) an appraisal corporation; and an appraisal result; and (d) an appraisal result; (e) an appraisal result; the market price appraisal entrusted to an appraiser A; - Compensation for losses: Each “court appraisal amount” column in attached Table 1 as stated in attached Table 1 as follows. [Grounds for recognition] is without dispute; (d) each entry in Gap’s evidence Nos. 1 through 4, and Eul’s evidence Nos. 1 through 5 (including paper numbers); and (e) the result of the court’s entrustment of market price appraisal to appraiser A (hereinafter “court appraiser A”; and (e) the result of the appraisal is “court appraisal”.

- The purport of the whole pleadings

2. The assertion and judgment

A. The land of this case No. 3 is the site for sales facilities of the Art Group operated by the Plaintiff, and the land of this case.