Feeds

Now Samsung supremo sued by sister in inheritance spat

Faces off with siblings over dad's shares

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.