Feeds

Now Samsung supremo sued by sister in inheritance spat

Faces off with siblings over dad's shares

Internet Security Threat Report 2014

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.