Search

In June 2020, during a financial review meeting at her home, Kim Young-shik and her daughter confronted LG executives about the division of their family's substantial LG shares following the death of her husband, Koo Bon-moo, and recorded their discussions, which revealed potential illegal activities involving nominee shareholding that resulted in a lawsuit alleging unfair inheritance practices and tax evasion against LG's current chairman, Koo Kwang-mo, amid a backdrop of familial loyalty and corporate secrecy within South Korea's chaebol system. #CorporateGovernance #InheritanceRights #Chaebol #KR #JP

In June 2020, LG executives met with Kim Young-shik, widow of the late chairman, to discuss family finances, during which they revealed a secretive share control structure that favored her adopted son, Koo Kwang-mo, prompting Kim and her daughters to record the meeting and later file a lawsuit alleging they were misled about their inheritance while exposing potential illegal practices involving nominee shares used for tax evasion and financial manipulation within the family-run conglomerate. #CorporateGovernance #InheritanceDispute #Chaebol #KR #JP