Plaintiff 1 and five others (Law Firm Samduk, Attorneys Kim Ba-young et al., Counsel for the plaintiff-appellant)

Head of Donggsan Tax Office

July 6, 2007

Ulsan District Court Decision 2006Guhap2439 Decided February 7, 2007

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. The part of the Defendant’s imposition of KRW 1,652,538,433 of the imposition of KRW 1,652,538,433 of the imposition of KRW 1,787,746,324 of the inheritance tax belonging to the year 2004 against the Plaintiffs shall be revoked.

The reasoning for the court's explanation concerning this case is the same as that of the judgment of the court of first instance, and thus, it is accepted in accordance with Article 8 (2) of the Administrative Litigation Act and Article 420 of the Civil Procedure Act.

Therefore, the plaintiffs' claims shall be dismissed in its entirety due to the lack of the reasons, and the judgment of the court of first instance shall be just and the plaintiffs' appeal shall be dismissed in its entirety as it is without merit.

Judges Kim Shin (Presiding Judge)