1. The plaintiffs' appeal is dismissed.

2. The costs of appeal are assessed against the Plaintiffs.

The purport of the claim and appeal is the purport of the appeal.

Basic Facts

The Plaintiff’s status as a party (the trade name before being changed on June 17, 201 is “AS SP Co., Ltd.”) is a subsidiary company of the Plaintiff Central Daily, engaging in the publication and sale of newspapers, publishing business, etc., and the NSSP is a corporate restructuring association incorporated as a designated investor according to an investment contract between the Plaintiff and the Defendant, as seen below, according to an investment contract between the Plaintiff and the Defendant.

The Defendant is a major shareholder holding approximately 1,849,160 shares ( approximately 54.87%) of the shares (total 3,370,250 shares) issued by Company B (hereinafter referred to as “B”) and transfers B shares to the Plaintiff’s Telecommunications and Telecommunications (hereinafter referred to as “Plaintiff, etc.”).

On February 14, 2008, the Plaintiff entered into the instant investment contract and additional agreement with the Defendant to take over the shares and the management rights of the Plaintiff’s Company B, and B received an accounting room by law firm C from February 18, 2008 to March 6, 2008.

Plaintiff

On June 16, 2008, the Defendant and B agreed to acquire new shares by offering capital increase around August 2008 in order to increase the shares of the Plaintiff, etc. and the Defendant, etc. to be assumed by the Defendant under the method of distributing common shares of 1,849,160 shares and KRW 1,849,160 shares of common shares issued by the Defendant, which are held by the Defendant, (the acquisition fund was lent by the Plaintiff’s side) and the entire amount of the shares was transferred to the said Plaintiff, etc., and the procedure was actually implemented.

B The plaintiffs acquire 23,846,789,400 won per share of the total amount of 3,828,647 shares (the sum of the above shares and new shares hereinafter referred to as the “instant shares”) in total of 4,200 won per share, and ② the defendant acquires 6,255,29,400 common shares equivalent to the amount of 6,255,29,400 won issued by the third party allotment method by the plaintiff.