Seoul High Court 2008Nu28297 (Law No. 2009.03)

Seoul Administrative Court 2008Guhap17844 (2008.05)

Whether the profit from the evaluation of foreign currency assets and liabilities may not be included in the income or necessary expenses;

Only when a resident does not apply corporate accounting standards to the profit from the evaluation marginal profit generated on foreign currency assets and liabilities, such evaluation marginal profit shall not be included in the necessary expenses or total amount of income of the business income.

The contents of the decision shall be the same as attached.

The appeal shall be dismissed.

The costs of appeal are assessed against the Plaintiff.

The records of this case and the judgment of the court below and the grounds of appeal were examined. However, the grounds of appeal by the appellant are not included in the grounds prescribed in each subparagraph of Article 4(1) of the Act on Special Cases Concerning the Procedure for Appeal, and the appeal is dismissed pursuant to Article 5 of the same Act. It is so decided as per Disposition by the assent