Feeds

Now Samsung supremo sued by sister in inheritance spat

Faces off with siblings over dad's shares

Build a business case: developing custom apps

The eldest sister of Samsung Electronics chairman Lee Kun-hee has joined that exec's brother in filing suit against him over an inheritance from their father.

Lee Sook-hee has filed suit with the Seoul Central District Court, claiming that her father left shares in Samsung Life Insurance and Samsung Electronics for all of his children to inherit, not just Lee Kun-hee, Korean news agency Yonhap reported.

The chairman's brother, Lee Maeng-hee, is also suing over their father's inheritance, claiming that Kun-hee incorporated 8.24 million shares in Samsung Life Insurance and 20 stocks in Samsung Electronics left in a trust into his own stockholdings after his father's death.

The chairman's brother wants the court to order the chairman to return the Samsung Life shares, worth around 716 billion won ($636m, £404m), the stocks in Samsung Electronics, and 100 million won ($88,800, £56,427).

Their sister is demanding 2.23 million shares in Samsung Life Insurance and 10 preferred stocks in Samsung Electronics from the chairman.

Lee Kun-hee was once chairman of the whole Samsung group of companies, after inheriting the bulk of it after the death of his father in 1987.

After being convicted of a number of illegal financial dealings, he was removed as chairman in 2007, but was subsequently pardoned and returned to Samsung to chair the electronics business.

When news of his brother Lee Maeng-hee's suit broke two weeks ago, Samsung said the issue had nothing to do with the firm.

"This is a civil suit and therefore the company has no official comment," Samsung said in an emailed statement. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.