Samsung Electronics Chairman Secures $4 Billion Court Win

01 Feb 2013 by Jasmine Stone in South Korea, World

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Samsung Electronics Chariman, Lee Kun-hee was forced to fend for his fortune after estranged family members demanded that Lee hand over his shares in Samsung, which amount to billions of dollars. The shares were inherited by Kun-hee upon the death of his father. The courts ruled in favour of Mr Kun-hee today.

Samsung Everland – the holding company for the group – and Kun-hee defended three lawsuits brought against them by Lee’s family. Kun-hee will retain the biggest share control of Samsung Life, with a 20,76% stake.

[Source: Reuters]

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