Plaintiff 1 and three others (Law Firm Dawon, Attorney Park Jong-soo, Counsel for the plaintiff-appellant)

Head of Seocho Tax Office

June 29, 2012

Seoul Administrative Court Decision 2011Guhap29946 decided February 24, 2012

1. All appeals filed by the plaintiffs are dismissed.

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

The judgment of the first instance shall be revoked. Each disposition of imposition of inheritance tax of KRW 233,912,603 against Plaintiff 1 on July 13, 2010, KRW 47,803,669 against Plaintiff 2, KRW 110,273,79 against Plaintiff 3, and KRW 108,571,888 against Plaintiff 4 shall be revoked.

The reasons for this decision are as shown in the judgment of the first instance. It shall be quoted in accordance with Article 8(2) of the Administrative Litigation Act and Article 420 of the Civil Procedure Act.

Therefore, all of the plaintiffs' claims should be dismissed due to the lack of reasons. The judgment of the court of first instance is just in conclusion, and the plaintiffs' appeal is dismissed as it is without merit.

Judges Kim Jong-chul (Presiding Judge)