Feb. 12 (Asia Today) -- LG Group Chairman Koo Kwang-mo won a first-instance court ruling Thursday in a family inheritance dispute, easing legal uncertainty surrounding control of the conglomerate.
The Seoul Western District Court dismissed a lawsuit filed by family members seeking restoration of inheritance related to the estate of the late former Chairman Koo Bon-moo.
The court ruled that a 2018 inheritance division agreement was concluded through lawful procedures and sufficiently reflected the plaintiffs' intent. It also found no grounds to invalidate the agreement based on a disputed memo, saying there was insufficient evidence of fraud.
With the ruling, Koo's status as the largest shareholder of LG Corp., the group's holding company, was reaffirmed. As of the 2025 interim report, Koo holds a 15.96% stake, and the combined stake of the largest shareholder and related parties totals 41.72%, a level widely viewed as sufficient to defend management control.
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