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Samsung chief wins inheritance suit against brother in appeals
Publication Date : 06-02-2014
Samsung Electronics Co. Chairman Lee Kun-hee won an inheritance case at a Seoul appeals court Thursday against his estranged brother demanding 940 billion won (US$850 million) in stakes in the group's units.
Upholding a lower court decision allowing Lee to keep his holdings in the group's key subsidiaries, the Seoul High Court ruled against the chairman's eldest brother, Lee Maeng-hee.
With the ruling, the country's richest man was able to keep his holdings in the companies, including Samsung Life Insurance Co. and Samsung Electronics, that the brother claimed were hidden from him after the death of their father, Samsung founder Lee Byung-chull.