1. All of the plaintiffs' claims are dismissed.

2. The costs of lawsuit are assessed against the plaintiffs.

1. Basic facts

A. The parties are corporations operating “Z” (hereinafter “Z”) which is the deposit membership golf course in Gwangju CityY Zone. The plaintiffs A, B, C, D, E, F, G, H, I, J, K, L, P, Q, R, and L are the defendant’s regular members, plaintiffs’ preferential members, O, P, Q, R, and M are the defendant’s general members, plaintiffs T, U,V, and W.

B. The Defendant’s establishment background, etc. 1) AA Co., Ltd. (hereinafter “A”).

A) On September 28, 1989, the Governor of the Gyeonggi-do established a golf course facility of 18 holes in size with the approval of the project plan for the construction of a golf course of 18 holes from the Governor of the Gyeonggi-do. On December 24, 1994, the Installation and Utilization of Sports Facilities Act (hereinafter “Sports Facilities Act”).

AC Co., Ltd. (hereinafter “AC”) was established by contributing 58 million won per person for the purpose of purchasing the instant golf course site, etc. from around November 13, 2001 to the Gyeonggi-do Governor, on condition that the instant golf course is annexed to the instant golf course, and the instant golf course was registered as a sports facility business operator under the name of “AB”. 2) After which AA had defaulted on November 1997, among the entire instant golf course sites of 27 holes, 564 members among the members of AA had commenced the auction procedure on the site of 18 holess of membership golf course and the instant building (hereinafter “instant building site, etc.”). From around December 13, 2001, AC purchased the instant golf course site, etc. from the above auction procedure, and completed the registration of ownership transfer under the name of “AB, etc.” and completed the registration of ownership transfer under the name of “AB, etc.” from around 208, 2005.

3) Meanwhile, AD and AE Co., Ltd. (hereinafter “AD, etc.”) are deemed to be “AD, etc.”

A. On October 21, 2003, AA acquired all the rights arising from the registration of the instant golf course business from AA, and the site of nine holes among the instant golf course.