Samsung Broke The Legacy Of &Nbsp; The Crown Prince Sued His Brother For $630 Million.

Brother Li Mengxi

81 years old, the first fertilizer president.

Li Mengxi is the eldest son of Li Bingzhe, founder of SamSung group. Now he lives alone in Beijing.

He is not only the eldest son of President Li Bingzhe, but also the father of Li Zaixian, now president of CJ group.

In the process of inheritance of Samsung's franchise, Li Jianxi was lost, and then no longer involved in external activities. He was called "the prince of seclusion."

Brother Li Jianxi

70 years old, President of Samsung Electronics

Li Jianxi is the three son of Li Bingzhe, founder of SamSung group. Li Bingzhe founded the Samsung chamber of Commerce in 1938 and was elected chairman of the three child Li Jianxi after the death of 1987.

In April 2008, Li Jianxi resigned after being charged with tax evasion and other charges. He received the presidential amnesty the following year.

According to the list of Asian richest people selected by Forbes magazine, Li Jianxi was the richest man in Korea in 2010, and his figure is estimated to be 7 billion 900 million dollars.

South Korea's Samsung family, known as the "rich enemy" family business, has recently launched a wave of brothers fighting for heritage.

Li Bingzhe, the founder of the SamSung group and Li Mengxi, the oldest son of the late president, filed a lawsuit against her brother in court on 14 February. Now Samsung Electronics President Li Jianxi has taken away her father's legacy and has offered about about 710000000000 won (equivalent to US $630 million).

My brother pferred his property privately.

Li Mengxi, the Central District Court of Seoul, said on the 14 day that in the indictment, Mr. Li Mengxi said: "the shares of Samsung's life are the property of the trust and property held by the father in the name of third people before the death. The name change has been made in the absence of the trustee trustee, so they must be returned to my legal inheritance share."

Li Mengxi asked Li Jianxi to provide shares equal to the share of inheritance, namely Samsung Life (life) insurance company 8 million 240 thousand shares and Samsung Electronics 20 shares, and demanded compensation of 100 million won.

Accordingly, the amount involved was as high as 713 billion 800 million won.

Li Mengxi also filed suit against Samsung Love Park, demanding 100 shares of Samsung's life and compensation 100 million won.

Dispute over the time limit of succession right

Regarding this lawsuit, Samsung related personage expresses: "this is civil action, so group level does not make any response.

The problem of inheritance share is a case that has been solved. "

Samsung Group said that former president Li Bingzhe had passed away for 25 years, exceeding the statutory ten year period of Li Mengxi's right to apply for inheritance.

Li Mengxi said that only after receiving the imperial edict on property inheritance in June last year did he know that his inheritance rights had been infringed, so he still had the right to apply for the right of succession.

Samsung hopes to play a low profile.

Samsung hopes this matter can be carried out in a low profile.

Insiders say that Li Jianxi is likely to make some concession.

In fact, Li Bingzhe, founder of SamSung group, died in 1987, and his third son, Li Jianxi, inherited Samsung's right to operate.

In 1994, the first sugar company, one of the parent companies of SamSung group, was handed over to Li Zaixian, Li Mengxi's son.

The first sugar company was later renamed the CJ group.

More interesting is that CJ group also said that this is Li Mengxi's personal civil action, and has nothing to do with the group.

CJ group stakeholders said: "from the group level, we will persuade them to withdraw litigation and other means, and strive to make a successful solution to the incident."