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south korea court rules samsung chairman doesn't have to share inheritance with older brother - samsung
Seoul, Korea-
The chairman of Samsung Electronics has retained his property and control over the Samsung group after a South Korean court ruled on Friday that his brother would lose in a legacy battle.
The case was followed by a ruling against Samsung chairman Li Kun.
Hee could lead to a cross that was solved
Li was allowed to control the group's shareholding structure as a minority shareholder.
According to Forbes, he is the richest man in South Korea with $8 billion in wealth. The high-
The stakes also highlight a serious feud between Samsung founder Lee Bingdong's son --
Chull, publicly condemned each other in last year's battle. Lee Kun-
Brother of Hee, Meng
Hee hee, want a bigger share of the Samsung cake, but the court ruled
The annual term of the estate claim has expired.
The company also said there was not enough evidence that Samsung's dividend and earnings were from Byung-chull.
For the same reason, the Seoul Central District Court rejected the estate application of four other family members, including Li Kun.
Sister hee.
They look for a combo 4. 1 trillion won ($3. 7 billion)
Shares and cash from Lee and Samsung Everland Inc.
In fact, the holding company of the Samsung empire. Meng-
Mr. Xi's lawyers said they would consider an appeal.
Neither brother attended the trial.
The battle has exposed long-standing family resentment, highlighting the possible control struggle within the Korean chaebol family --
State-owned enterprise groups that dominate the national economy are well known. Lee Kun-
Hee, 71, called his brother "greedy ". " Meng-
Hee called Li "childish ". "The 81-year-old Meng-
The oldest of the three sons was briefly named Samsung's leader, but his brother later gave up the leadership role. Meng-
Hee lived in China and kept a low profile until the war of succession.
His son leads CJ, a Samsung-based food and entertainment group.
Before the verdict was announced, the judge said he wanted the brothers to live in harmony.
Samsung's vast business empire covers many industries, including finance, chemical industry and consumer electronics.
Samsung Electronics
Is the world's largest smartphone manufacturer, imitating and outputting
The popular iPhone goes through Apple.
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