A dispute breaks out between Samsung brothers over production. The eldest brother of the boss said he would fight the lawsuit to the end.

Introduction: A dispute between brothers over inheritance is breaking out in South Korea's Samsung Group. Lee Meng-hee, the eldest son of the late Samsung founder Lee Byung-cheol, filed a huge lawsuit of more than 700 billion won against his third brother and Samsung Electronics Chairman Lee Kun-hee. Why do brothers who always show peace to others turn against each other? Will Samsung Electronics and Samsung Financial part ways as a result?

News from China Broadcasting Network, Beijing, February 17 (Reporter Tang Ming Li Shuo) According to the Economic Voice, a dispute between brothers fighting for inheritance is breaking out in South Korea's Samsung Group. Lee Mong-hee, the eldest son of the late Samsung Group founder Lee Byung-cheol and former chairman of Cheil Fertilizer, filed a huge inheritance lawsuit of up to 713.8 billion won, or about 4 billion yuan, against his younger brother and Samsung Electronics chairman Lee Kun-hee. Analysts believe that this may lead to a differentiation between Samsung Financial Group, with Samsung Life as its core, and Samsung Non-Financial Group, with Samsung Electronics as its core.

In Bishui Manor, one of Beijing’s high-end residential areas, Li Mengxi, who has lived in China for more than 10 years, is preparing for this lawsuit. Li Mengxi strongly stated that he would pursue the lawsuit to the end.

According to the Seoul Central District Court in South Korea, Lee Meng-hee pointed out that his father Lee Byung-cheol had trusted part of the property in the name of others during his lifetime, but Lee Kun-hee changed it to his personal name without notifying other heirs. Li Mengxi sued Li Jianxi for providing shares equivalent to the inheritance share, and the total amount involved was approximately RMB 4 billion.

Regarding this lawsuit, Samsung said it would not respond. However, for the Korean people, this feud between wealthy families has become a hotly discussed topic.

Kim Jae-min, a senior executive of a South Korean company, said: Generally speaking, the public does not take the Samsung Group dispute case very seriously, but a suitable solution should be found. Many people think so. According to tradition, the eldest son should take over, but now the third son has taken the eldest son's place. This is generally viewed as such.

Founded in 1938, Samsung is a pillar of the Korean economy. Some media say that Koreans cannot avoid three things in their lives: death, taxes and Samsung. Samsung has a wide range of businesses, covering shipbuilding, telecommunications, electronics and construction industries. Its turnover in 2010 was US$220 billion. Chairman Lee Kun-hee became the richest man in South Korea in 2010, with a net worth of more than US$7.9 billion.

After Samsung founder Lee Byung-cheol passed away in 1987, his eldest son Lee Meng-hee lost to his third son Lee Kun-hee in the battle for chairmanship, and he retired from the world. In 1994, Lee Kun-hee transferred CheilJedang, a subsidiary of Samsung Group, and currently South Korea's largest food company, CJ Group, to Lee Jae-hyun, the son of his eldest brother Lee Meng-hee, and related inheritance issues came to an end. Over the years, there have not been many disputes between the Samsung family, giving people a very harmonious impression. However, even if there is a lawsuit now, Kim Jae-min, a senior executive of a South Korean company, said that people around him feel that it will not have an impact on Samsung.

Kim Jae-min: The impact of this property dispute on Samsung’s stock is very limited and should not have a big impact. This incident will not have much impact on the Korean people's view of Samsung.

Currently, Samsung Group consists of Samsung Financial Group with Samsung Life as its core and Samsung Non-Financial Group with Samsung Electronics as its core. If the court accepts Li Mengxi's claim, Li Jianxi's shareholding in the financial group will be reduced to 16.63%. EVERLAND, South Korea's largest comprehensive amusement park, currently holds a 19.34% stake in Samsung Life. Then the largest shareholder of Samsung Life will be transferred from Lee Kun-hee himself to EVERLAND.

In this case, according to South Korean laws, Samsung Electronics, which holds 7.21% of Samsung Life, may be separated from Samsung’s overall control structure.

If the above situation occurs, Samsung Financial Group and Samsung Non-Financial Group will diverge. However, Li Guangyu, a partner at Mingtai Law Firm, is not optimistic about Li Mengxi's chances of winning.

Li Guangyu: I think the establishment of such a trust should still reflect his father's personal wishes, so from this perspective, I personally am not very optimistic about this lawsuit. From another perspective, Li Jianxi is already the helm of Samsung, so he is also very influential.