Park v. Line Corp.

Superior Court of Guam·Decided July 23, 2025·No. CV0337-24·Unknown

Opinion

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IN THE SUPERIOR COURT

COURT OF

OF GUAM

GUAM

EUNMI PARK EUNMI PARKand and GREENCORP, CIVIL CASE NO. CV0337-24

Plaintiffs,

DECISION DECISION AND ORDER GRANTING vs. MOTION FOR JUDICIAL NOTICE LINE LINE CORPORATION,

Defendant.

Plaintiffs Plaintiffs Eunmi Eunmi Park

Park and Greencorp

Greencorp move

move for the Court to take take judicial

judicial notice of the

Seoul High High Court's Court's final

finaljudgment

judgment related

related to

to this

this matter

matter and move for the court to and move to recognize the

judgment for reasons reasonsof

of international

internationalcomity.

comity. Specifically,

Specifically, Plaintiffs

Plaintiffsrequest

request the

the Court:

Court: 1)

1) take

take

judicial notice of ofthe

the January 24, 2024

January 24, 2024judgment

judgmentof

ofthe

theSeoul

SeoulHigh

High Court,

Court, 2)

2) recognize

recognize the

Korean Korean judgment pursuant pursuantto

tothe

theprinciples

principles of

of international comity, 3)

3) confirm

confirm that

that Greencorp

made substantial capital made substantial capital investments investmentsin

in Line

Line Corporation,

Corporation, 4)

4) confirm

confirm that

that the

the securities transfer

agreement dated dated January

January2,2,2007

2007isisinvalid

invalidand

andwithout

withoutlegal

legaleffect,

effect,and

and5)5)allow

allowPlaintiffs

Plaintiffs to

proceed with with adjudication of of their

their ownership interests in Defendant Line Corporation Corporation in

in this

action. Line Lineopposes opposesthis

this motion,

motion, arguing

arguing that

that Plaintiffs

Plaintiffs seek

seek more

more than

than recognition

recognition but

but to

enforce the the Korean Korean decision

decision on

on the

the issues governing Line Line Corporation,

Corporation, aa Guam

Guam entity who was

not party party to to the

theKorean

Koreanlitigation.

litigation. Upon review

review of

ofthe

the supporting materials,the supporting materials, theCourt CourtGRANTS

GRANTS

Plaintiff's PlaintiffsMotion Motionand

andtakes

takes judicial

judicial notice

notice of

ofthe

the Seoul

SeoulHigh

HighCourt's

Court's2024

2024 Judgment,

Judgment, however it

recognizes recognizes the the truth of

of the facts only as

as itrelates

relates to matters fully adjudicated by the the Seoul

Seoul High

Court.

.- 1 I"

QWWALv

F

CV0337-24 DECISION AND ORDER GRANTING MOTION FOR JUDICIAL Page2 Page

NOTICE

I. PROCEDURAL BACKGROUND 1.

Greencorp filed suit against Changseok Changseok An in the Republic of Korea regarding ownership

of Line. The of The Korean Koreanproceedings

proceedings resulted

resulted in

in aa final

final judgment

judgment on

on January

January 24, 2024, which

declared a 2007 Securities Securities Transfer

Transfer Agreement

Agreement invalid. Deel. Counsel invalid. Deal. Counsel & Submission of Decl.

Submission of Deel. of

of

Hyun Suk Hyun Suk Kim Kim at at 22 (June 11, 2025).

2025). The 2024 Judgment was based on the Seoul High Court's

review of of the record from the trial trial proceedings

proceedings at

at the

the District Court. Id.

District Court. An appealed Id. An appealed the 2024

Judgment, however the Supreme Court did did not

not accept

accept the

theappeal. Id at 3. This appeal. Id. This rendered the

Seoul High Court's Seoul Court's judgment judgment final

final and not subject to further further review

review or

or modification.

modification. Id.

The 2024 Judgment determined determined that

that a 2007 Securities Transfer Agreement Agreement between Park

and An was invalid due to fraud. It determined fraud. It determined that that the Agreement

Agreement was

was conducted

conducted as

as business

activity in Korea and as such, the the laws

laws of

of Korea

Korea governed. Mot.

Mot. Judicial

Judicial Notice,

Notice, Ex.

Ex. A.

A. at

at 15

15

(Apr. 30, 2025). Seoul High 2025). The Seoul High Court, Court, however,

however, dismissed

dismissed claims

claims to

to confirm

confirm shareholder

shareholder rights

determined that

because it determined that it did not have adequate adequate jurisdiction

jurisdiction to

to assess

assess the validity of

of the First

Second Amendments and Second Amendments to to the

the Articles

Articles of

of Incorporation

Incorporation of

of Line

Line given

given that

that Line is incorporated

in Guam. Id, Ex. AA at Id., Ex. at 14.

14.

Following Following the Korea Korea court

court Judgment,

Judgment, Plaintiffs

Plaintiffs next

next filed

filed this suit against An and Line on

11, 2024, June 11, 2024, seeking seeking declaratory

declaratory and

and injunctive

injunctive relief. Compl. (June 11, 2024).

relief. Con 2024). Specifically,

Plaintiffs requested an Order declaring that Greencorp holds a 99.99% interest in Line, enjoining

An from taking corporate action, action, and for

for other

other relief. Court has dismissed An as a relief. This Court

defendant without prejudice due to to ineffective service of ineffective service of process. Order Granting Mot.

process. Dec. & Order

Dismiss Dismiss (July (July 11, 11, 2025).

RMA

CV0337-24 DECISION AND ORDER GRANTING MOTION FOR JUDICIAL Page Page 33

NOTICE

II. LAW AND AND ANALYSIS

Plaintiffs ask this Court to to take

take judicial

judicial notice

notice of the

the notarized

notarized and certified English

translation of the the 2024

2024 Judgment

Judgment and to

to recognize

recognize the 2024 Judgment under the principles of of

international comity. They They argue

argue that

that recognition

recognition under

under international

international comity

comity is warranted

because there is substantial substantial overlap

overlap between

between the parties in the the Korean proceedings and this

proceeding, proceeding, several of the parties are Korean individuals and entities, several of entities, the transactions were

governed by

executed and governed by Korean Korean law,

law, the Seoul

Seoul High

High Court

Court had

had proper

proper jurisdiction and

conducted fair proceedings, and and the

the judgment

judgment is

is final.

final. Id. at 4. They

Id at Theyfurther

further argue

argue that

will allow the Superior

recognition will Superior Court of Guam to adjudicate the proper ownership of Line

consistent with the settled facts facts in

in the

the 2024

2024 Judgment

Judgment and prevent Line from attempting to

relitigate issues already resolved. Id. at 5.

already resolved. They argue 5. They argue that

that this recognition would prevent

of factual issues and promote international judicial cooperation.

contradictory determinations of

Reply in Pls.' Reply in Supp.

Supp. Mot.

Mot. Jud. Not. at 5 (June 11, 2025). Plaintiffs state 2025). Plaintiffs state that they are not asking

for enforcement of the Korean judgment enforcement of judgment but rather acknowledgment of the validity and finality acknowledgment of

of the the Korean Korean judgment.

judgment. Id. at 2.

Id at

Line argues that Plaintiffs request more more than notice and recognition, but to instead

circumvent summary judgment circumvent and enforce judgment and enforce the

the 2024

2024 Judgment

Judgment on

on Line

Line who

who was

was not

not aa party

party to

the litigation in South Korea. With With regards

regards to

to judicial

judicial notice,

notice, itit argues

argues that

that Plaintiffs are asking

this Court to to "accept as

as true

true the

the facts

facts contained

contained in

in the

the Korea

Korea proceeding"

proceeding" and that it is improper

notice of

judicial notice to take judicial of the the truth

truthof

ofthe

thefacts

factswithin

withinother

othercourt

courtdocuments.

documents. Def.'

Def.'s Opp

Opp'n to

Mot. Jud. Not. at 3-4 (May 28, Pls.' Mot. 28, 2025). Line states 2025). Line states that the facts facts in

in the

the Korean

Korean judgment

judgment are

not settled, the the decision

decision is

is unclear,

unclear, and

andthe

thedecision

decisionmay

maynot

notbe

befinal. Id at 5.

final. Id. 5. Accordingly, it

argues that this this court

court should

should only

only take

take judicial

judicial notice

notice of the

the existence of the decision and not the

we

LIQHN

CV0337-24 DECISION DECISION AND

AND ORDER

ORDER GRANT1NG

GRANTING MOTION FOR JUDICIAL Page4 Page

NOTICE

truth of the the facts facts in

in the

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