The authenticity of the testament of the late Hyosung Group Honorary Chairman Cho Suck-rai, disclosed abruptly on Wednesday, was questioned a day later by his second-oldest son. The group s honorary chairman, who died in March, reportedly asked his sons to end their decade-long feud.
Hyosung Group Honorary Chairman Cho Seok-rae s death at the age of 89 on Friday has been mourned by the heads of Korea s largest conglomerates and influential politicians of both ruling and opposition parties, as the deceased entrepreneur contributed to the Korean chemical industry s growth and economic ties with foreign countries, industry officials said Sunday.
Hyosung Group has begun procedures for the chairman’s youngest brother to take control of several of the group’s affiliates, so that the owner family can avoid any additional internal conflicts, according to industry officials, Sunday.