Samsung family in public spat over inheritance

A feud over the riches of South Korea's Samsung business empire has erupted in public as family members prepare to take an inheritance battle to court.

FP Archives|Dec 20, 2014, 07:59:44 IST

Seoul, South Korea: A feud over the riches of South Korea's Samsung business empire has erupted in public as family members prepare to take an inheritance battle to court.

Lee Kun-hee, chairman of Samsung Electronics Co, which is the flagship company of the Samsung conglomerate, is facing off against his older brother, a sister and the wife of a nephew who all want a bigger piece of the Samsung cake.

[caption id="attachment_287006" align="alignleft" width="380" caption="A feud over the riches of South Korea's Samsung business empire has erupted in public as family members prepare to take an inheritance battle to court. AP"][/caption]

The court battle might upset a dynastic succession in Samsung's leadership. It could result in the unraveling of a cross-shareholding structure that allows Lee Kun-hee to control the group as a minority shareholder.

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