1. The plaintiff's claim is dismissed.

2. The costs of lawsuit shall be borne by the Plaintiff.

Basic Facts

On February 26, 2008, the dispute between the Defendant and EFC Co., Ltd. (hereinafter “EFC”) entered into a sales contract with the Defendant on the following terms and conditions (hereinafter “instant sales contract”) with respect to the land of three parcels, outside C, and on the ground, buildings, and tangible and intangible, owned by the Defendant and the Defendant (hereinafter “instant real estate”).

Article 2 (Purpose of Contract) The purpose of this Agreement is to purchase the real estate owned by the non-party company (hereinafter referred to as the "B") who is the buyer, and the entire site for the display area within the cadastral map in the separate lot of real estate owned by the defendant (hereinafter referred to as "A"), which is the seller, and to promote the

Article 3 (Sales Price and Method of Payment)

1. The sales price of the above real estate shall be KRW 926,800,000 and shall be paid in the following manner:

Down payment: 100 million won (10%) balance: 826,800,000 won (within 15 days after designation and public notice of district unit planning zone) Article 6 (Cancellation of Rights by Third Party and Handling of tenants other than ownership)

1. After the conclusion of this contract, Gap shall not transfer, lease, or establish a third party's right, other than ownership, over the sold real estate to a third party, and if there is an act of disposal restriction on the sold real estate by a third party, such as seizure, provisional seizure, provisional disposition, provisional registration, provisional registration, or provisional auction, he/she shall notify Eul thereof and immediately settle it at the expense of Gap;

Article 10 (Cancellation and Termination of Contracts and Compensation for Breach of Contract)

1. A and B may cancel or terminate the contract where the other party fails to comply with the present contract without any justifiable reason, and where the contract is terminated due to a cause attributable to A, the party A shall compensate for the amount equivalent to twice the down payment to B, and where the contract is cancelled due to a cause attributable to B, the down payment already paid shall revert to A.

4. A project for building collective housing in the project site of Eul.