Samsung, the largest South Korean chaebol (business conglomerate) was founded by Lee Byung-chul in 1938. Following Lee’s death in 1987, Samsung was separated into four business groups \u2013 Samsung Group, Shinsegae Group, CJ Group and Hansol Group. The founder\u2019s third son Lee Kun-Hee took over the reins of the Samsung group in 1987. Under his guidance, the company was transformed into the most prominent Asian brand worldwide. It had revenues of $170 billion in 2015.<\/p>\n
Last year, the construction firm Samsung C&T and Samsung’s de facto holding company, Cheil Industries were merged. The merger was a crucial step for the founding Lee family to consolidate control of the conglomerate, ahead of a generational transfer of power from ailing patriarch Lee Kun-Hee.<\/p>\n
The merger was however contested by five key shareholders on grounds that the deal undervalued the construction firm Samsung C&T. A South Korean appeals court has now ruled in favor of the plaintiffs and ordered that the five minority shareholders receive a bigger payout. The ruling could raise the price of the merger for the Samsung Group by about $26 million.<\/p>\n
Source: CampdenFB<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"
Samsung, the largest South Korean chaebol (business conglomerate) was founded by Lee Byung-chul in 1938. Following Lee’s death in 1987, Samsung was separated into four business groups \u2013 Samsung Group, Shinsegae Group, CJ Group and Hansol Group. The founder\u2019s third son Lee Kun-Hee took over the reins of the Samsung group in 1987. Under his […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"\n