Court rejects adoption termination suit against LG chair
SEOUL, Sept. 3 (Yonhap) -- A court on Thursday dismissed a lawsuit filed by the ...
In a recent decision, a court in Seoul rejected a lawsuit brought forth by the widow of former LG Group Chairman Koo Bon-moo, aimed at rescinding the adoption of Koo Kwang-mo, the current chairman. The legal proceedings, initiated by Kim Young-sik, Koo Bon-moo's widow and Kwang-mo's adoptive mother, were filed in late 2024 amidst a legal dispute between the two Koo families over the inheritance of the late chairman's assets.
Koo Kwang-mo was adopted in 2004 by his adoptive father to continue the company's tradition of the eldest son taking the helm. After Koo Bon-moo's death in 2018, Kwang-mo ascended to become the largest shareholder in LG Corp. through the inheritance of his father's shares. However, Kim and her two daughters contested this inheritance in February 2023, leading to the dismissal of their lawsuit by the Seoul Family Court. The court did not elaborate on the grounds for its decision.
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Also reported by 1 other outlet
- Court rejects LG chief's adoptive mother's petition to end adoption koreatimes.co.kr
