Seoul Central District Court recently held that Samsung Electronics Chairman Lee Kun-hee should inherit control of Samsung against his siblings. Both Kun-hee’s older brother and sister, Maeng-hee and Sook-hee, claimed their brother should return 8.24 million shares to the insurer, Samsung Life Insurance. The court stated that while the Chairman’s siblings should have actually inherited the stocks at issue the 10-year period to claim the inheritance had already expired.
See Xinhua, Samsung Chairman Wins Inheritance Lawsuit, China.org: Top News, Feb. 1, 2013.
