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Samsung Electronics’ Chairman Lee Kun-hee has won a court case against his own relatives seeking a larger share in the company they inherited from their father. At stake were shares in the various holding companies from the Samsung conglomerate worth around $4 billion, which the relatives accused Lee Kun-hee of deliberately hiding from them.
Lee and the group holding company, Samsung Everland, were defending three lawsuits seeking stakes in Samsung Life Insurance and Samsung Electronics. A judge at the Seoul Central District Court ruled that Lee could retain more than $1 billion in Samsung Electronics shares and another $1 billion in shares of Samsung Life.
As a result, he will remain the largest single shareholder in Samsung Electronics with a personal stake of just under 21%, making him the richest man in South Korea with a personal fortune of $8.3 billion…
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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