The mother and two sisters of Samsung Electronics Executive Chairman Lee Jae-yong remain the three wealthiest female stockholders in Korea, even after they sold part of their shares in the global electronics giant to pay inheritance taxes, according to data, Tuesday.
LG Group dismissed the claims of Chairman Koo Kwang-mo’s mother and two sisters in a recent New York Times interview as groundless, expressing uncomfortable feelings toward the lawsuit the three women filed in February railing against the inheritance of late Chairman Koo Bon-moo’s shares by his adopted son.
Uncertainties are weighing on Korea s top conglomerates - Samsung, SK and LG - as their owners have all become entangled in legal problems, which industry officials and experts say could hamper the future plans and major decisions of the respective groups, citing the U.S.-China power tussle, Russia-Ukraine war and pandemic-driven supply chain issues.
LG Group affiliates, including the country's leading home appliance maker, LG Electronics, are preparing grand promotional events to celebrate the first championship win of its baseball team, the LG Twins, in 29 years. The Twins defeated the KT Wiz 6-2 in Game 5 of the Korean Series at Jamsil Baseball Stadium in Seoul, claiming the best-of-seven series 4-1 on Monday, for their first championship since 1994. &quo.
LG Group’s business-to-consumer (B2C) units are expected to launch a huge discount event to celebrate the LG Twins’ Korean Series championship victory, according to LG, Tuesday.