Seoul - Arab Today
The elder brother of Samsung Electronics Co. Chairman Lee Kun-hee will not appeal an appellate court decision that rejected his demand for a 940 billion won (US$850 million) share of his sibling's inherited wealth, the brother's lawyers said Wednesday. Upholding a lower court's decision, the Seoul High Court earlier this month ruled against the chairman's eldest brother, Lee Maeng-hee, and allowed the chairman to keep his holdings in Samsung Group's key subsidiaries.