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January 19, 2015

Shin Dong-joo, the eldest son of Lotte Group founder Shin Kyuk-ho, has been ousted from his position as vice chairman at Lotte Holdings, after disobeying his father and increasing his stakes in a subsidiary of the Korean conglomerate.

Shin Dong-joo, the eldest son of Lotte Group founder Shin Kyuk-ho, has been ousted from his position as vice chairman at Lotte Holdings, after disobeying his father and increasing his stakes in a subsidiary of the Korean conglomerate.

According to a company statement, the decision was made during a shareholders’ meeting last Thursday and puts Shin Dong-bin, the younger son of the group’s founder, in line to succeed control of the conglomerate.

January 14, 2011

The decade-long feud in one of South Korea’s richest families has taken another turn, as Hyundai Motor signed a preliminary agreement to control the country’s largest builder, pushing out rival bidder the Hyundai Group.

The decade-long feud in one of South Korea’s richest families has taken another turn, as Hyundai Motor signed a preliminary agreement to control the country’s largest builder, pushing out rival bidder the Hyundai Group.

January 10, 2011

Samsung Electronics Company, a part of family-controlled Korean conglomerate Samsung Group, has been ranked second for the number of patents received in 2010, according to research done by IFI Claims Patent Services.

Samsung Electronics Company, a part of family-controlled Korean conglomerate Samsung Group, has been ranked second for the number of patents received in 2010, according to research done by IFI Claims Patent Services.

December 6, 2010

Hyundai Group, the Korea-based conglomerate controlled by the Chung family, may face further scrutiny over its $4.8 billion bid for a controlling share in Hyundai Engineering & Construction.

Hyundai Group, the Korea-based conglomerate controlled by the Chung family, may face further scrutiny over its $4.8 billion bid for a controlling share in Hyundai Engineering & Construction. 

According to Korea Exchange Bank, one of the shareholders selling its stake in Hyundai E&C, the Hyundai Group will be asked for further details of the bid for the third time amid concerns over the funding of the deal.

September 27, 2010

Hyundai Motor Group, the Korea-based car company controlled by the Chung family, announced 27 September that is plans to bid for a controlling stake in Hyundai Engineering & Construction, which will pit it against another branch of the founding family.

Hyundai Motor Group, the Korea-based car company controlled by the Chung family, announced 27 September that is plans to bid for a controlling stake in Hyundai Engineering & Construction, which will pit it against another branch of the founding family.

September 1, 2003

By the time Families In Business readers receive this issue of the magazine, second generation family owner of Korea’s SK Global, Chey Tae Won, will be four months through a three-year jail term he received in June for serious accounting fraud.

Bad dynasties
By the time Families In Business readers receive this issue of the magazine, second generation family owner of Korea's SK Global, Chey Tae Won, will be four months through a three-year jail term he received in June for serious accounting fraud. His actions prompted a new probe by Korea's Fair Trade Commission (FTC) into the country's top six "chaebol", family-owned dynasties, including LG Group and Samsung.

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