1. The judgment of the court of first instance is modified as follows.

The defendant shall pay to the plaintiff KRW 3,505,494,671 and 814,935.

Basic Facts

On December 7, 2006, FF Co., Ltd. (hereinafter “F”) entered into a shipbuilding agreement between FF Co., Ltd. and vessel owners with LT on May 31, 201 (hereinafter “ST”), with the content that the FF will build each of the vessels and deliver it to ST on December 7, 2006.

F On April 10, 2007, the F entered into a shipbuilding agreement with STOLT on the construction of each of the vessels D and E to deliver it to STOT between STT and STLT, STTTT, STTT-NESN ALEN TRUP B, hereinafter referred to as “STOT”).

(2) On February 14, 2008, the Plaintiff entered into an advance refund guarantee contract between the Plaintiff and F to guarantee an advance refund obligation between F and F to the owner of each vessel, and the Plaintiff entered into an advance refund guarantee contract between F and F, with the owner of each vessel as the beneficiary of each vessel (hereinafter “RG”), and the owner of each vessel as the beneficiary of each vessel (hereinafter “RG”), and the Plaintiff issued a refund guarantee contract (hereinafter “RG”) with the owner of each vessel issued with respect to each vessel building contract of this case.

Around February 14, 2008, the Plaintiff entered into a contract for the guarantee of good faith between B and B, an affiliate of F, (hereinafter referred to as “B”) with the Plaintiff for all obligations related to the said advance refund guarantee contract within a certain amount of money.

Gap evidence 46 (A Fact Certificate 2), Gap evidence 47 (B).