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#InheritanceLaw
The New York Times @nytimes.com Β· New York City πŸ‡ΊπŸ‡Έ Β· 3d

In June 2020, amid a complex inheritance dispute following the death of LG's former chairman, Kim Young-shik and her daughter sought clarity about the family's share control structure and financial assets, leading to a secretly recorded meeting that uncovered potential irregularities and prompted a legal battle against LG's leadership over claims of unfair inheritance distribution and fraudulent nominee share arrangements. #CorporateGovernance #InheritanceLaw #FamilyBusiness #KR #JP

www.nytimes.com
Secret Recordings, Hidden Shares and a Family Rift at South Korea's LG
On a Thursday afternoon in June 2020, two executives from the LG finance department arrived at the hilltop home of Kim Young-shik, the widow of the company's previous chairman, for what was supposed to be a routine review of her family's finances.
The New York Times @nytimes.com Β· New York City πŸ‡ΊπŸ‡Έ Β· 3d

In June 2020, during a routine financial meeting with LG executives at the home of Kim Young-shik, the widow of the former chairman, she and her daughter uncovered a secretive shareholding arrangement that left them suspicious of potential financial misconduct and led to their ongoing legal battle against her adopted son Koo Kwang-mo and LG's leadership over issues of inheritance and alleged corporate improprieties. #CorporateGovernance #InheritanceLaw #FamilyBusiness #KR #JP

www.nytimes.com
Secret Recordings, Hidden Shares and a Family Rift at South Korea's LG
On a Thursday afternoon in June 2020, two executives from the LG finance department arrived at the hilltop home of Kim Young-shik, the widow of the company's previous chairman, for what was supposed to be a routine review of her family's finances.