Kim Young-sik, the widow of late LG Group Chairman Koo Bon-moo, lost a custody lawsuit against her stepson, Koo Kwang-mo, the current chairman of LG.
On September 3, Judge Lee Eun-joo of the Seoul Family Court dismissed Kim's request for a legal custody termination of Koo Kwang-mo.
However, the court did not disclose the specific reasons for the dismissal.
Koo Bon-moo, who lost his only son in an accident, adopted Koo Kwang-mo in 2004 in accordance with LG Group's principle of primogeniture. Koo Kwang-mo is the only son of Koo Bon-moo's brother, Koo Bon-neung, chairman of Heesung Group.
After Koo Bon-moo's death in 2018, Koo Kwang-mo inherited 8.76% of LG Corp.'s shares, becoming the largest shareholder.
In February 2023, Kim and her biological daughters, Koo Yeon-kyung, head of the LG Welfare Foundation, and Koo Yeon-soo, filed a lawsuit seeking to redistribute the inherited assets according to legal inheritance ratios. In November of the following year, Kim filed an additional lawsuit against Koo Kwang-mo for custody termination.
Meanwhile, the Seoul Western District Court dismissed all claims from Kim and her daughters in February, ruling in favor of Koo Kwang-mo. The three women have appealed the decision, and the appeal is currently underway.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.