When did the first Samsung family battle take place? What is it?

Death, taxes and Samsung are three things that Koreans can't avoid all their lives. Their food, clothing, housing, illness and death are all related to Samsung Group. Samsung's total output value accounts for more than 20% of South Korea's GDP, and the fear of being dominated by Samsung can be imagined. The Li Bingzhe family, Asia's top tycoon, is in charge of Samsung's wealth empire. As the saying goes, the story of the Samsung family is more wonderful than any Korean drama. It is a commercial romance blockbuster in which father and son turn against each other, brothers turn against each other, uncles turn against each other, commit suicide for love and divorce hundreds of millions. ?

The struggle between several generations of Samsung leaders is comparable to a drama in the Qing Dynasty: father and son kill each other, brothers hit the wall, commit suicide by jumping off a building, express personal grievances, and everything!

The prince's rebellion

The first battle of Samsung family took place in 1960s, when Li Bingzhe chose a successor from his three sons.

At first, I planned to let the three brothers share the property equally, but somehow, the old man suddenly changed his mind and decided that the property should be owned by his eldest son, Li Jicheng.

The second son, named Chang Xi Li, was lazy, unlearned and disliked by his father.

The third son, Li Jianxi, although left to his grandparents at birth, is not the key training object of his parents, but he knows a lot about it? Does the crying child have milk to drink? My skills, calling home every day to be caring and attentive, and studying my father's favorite sports golf, left him with the image of a sensible baby.

At first, Li Bingzhe focused on training his eldest son, but in the half year he took over the company, he made a mess of it. Regardless of their love for his son, Samsung's shareholders signed a petition calling for the semi-retirement to abolish Prince Lee. After a period of struggle, Li Bingzhe finally recovered all the management rights of his eldest son.

This angered the eldest son Li. The eldest son went home to collect the black history of his father's tax evasion. He directly reported Cheongwadae by his real name and wanted to send his father to prison. The old man was furious and drove his eldest son out of the house.

But Cheongwadae still has an explanation. Because of the accusation of his own son, Li Bingzhe was convicted by the government at that time, so Chang Xili, the second son who wanted to make meritorious service, stood up and spent half a year in prison for his father, thinking that his abacus was cleverly played: he was released from prison after half a year and inherited his family business.

Unexpectedly, when Chang Xi Li was released from prison, he found that his third brother Li Jianxi became the number one heir, sitting next to his father Li. The second son was completely blindsided, and even followed the example of the eldest brother to report his father Li Bingzhe. Finally, he was sent to a mental hospital by his father and died in 199 1.

Li Jianxi, the youngest son who kept a low profile throughout the whole incident, benefited from it. 1987 After Li Bingzhe's death, Lee Kun-hee directly inherited the core subsidiaries of Samsung Group (including Samsung Electronics and Samsung products), and finally won the final victory in this inheritance war.

After inheriting his father's business, Fan Er, the overbearing president of Li Jianxi, began to emerge slowly. He not only has the ability of the president, but also developed Samsung into a big enterprise that now controls the Korean economy.

The heir of the real version

After more than ten years of surgery, Li Jianxi's health is getting worse and worse. Since the 1990s, he began to look for his successor.

If the last generation of the Samsung family is a feud between the giants, then the next generation is a bit of an idol drama, because the rich three generations of the Li family have a high face value and are mixed with many dog blood love stories.

Lee Kun-hee's wife, Hong Luoxi, is the daughter of Hong Jilian, the former president of South Korea's Central Daily News. She is a typical business marriage.

After the marriage, Hong Luoxi became Li Jianxi's wife. They gave birth to a son and three daughters, and their youngest daughter Li died in 2005. As a result, three people competed for property: the eldest son Lee Jae-yong, the eldest daughter Li Fuzhen and the second daughter Seo-Hun Lee.

In order to avoid repeating the cheating story decades ago, Li Jianxi had to order his children to take charge of different group businesses: the eldest son was in charge of electronics &; Finance, the second daughter manages the hotel &; Chemical industry, the third daughter in charge of clothing &; Advertising.

At first glance, it seems fair to everyone, but it is obvious that Li Jianxi is partial to his son. Electronics and finance are the core industries of Samsung.

Li Jianxi has always regarded his eldest son, Lee Jae-yong, as his heir. Li Jianxi spent more than ten years training him. After graduating from Harvard Business School in Lee Jae-yong, she entered Samsung, and in 1998, she married Lin Shiling, the eldest daughter of Elephant Group, and gave birth to a son and a daughter. In 2009, the two divorced, and Lin Shiling got hundreds of millions of property. Later, she dated Korean star Li Zhengzai.

The eldest daughter Li Fuzhen is almost 50 now, and her face value is still online. She opened the first luxury store in Korea and became a fashion pioneer for Korean women. She inherited Silla Hotel, equivalent to the Diaoyutai in Smecta, and was also hired as a director by CITIC Group.

1995, almost 24 years old, she is in love. That man is a veritable poor boy and the most ordinary employee of Samsung. The whole rich family is against it. In June this year, 65438+ 10, the couple who had been married for 17 years divorced.

Li Fuzhen won the divorce case, but was questioned by public opinion and carried away by love. In the end, he met the wrong person, and he will definitely not manage Samsung well in the future, so his prestige within the group declined.

Seo-Hun Lee, the second daughter of Li Jianxi, is a well-to-do family. She married Jin Bing, former president of East Asia Daily, and her second son Jin Zailie.

In her career, like her elder sister, she started from the grass roots of Samsung, and in a few years, she managed Samsung No.1 woolen goods and became a fashion giant in South Korea. In 20 13, Li Jianxi handed over the clothing business of Everland to his second daughter, whose largest shareholder was Lee Jae-yong. The second daughter relied on others to support her and could not compete with her brother.

Samsung announced that it would no longer pass it on to its children, and the chaebol inheritance changed?

At the beginning of June this year, Lee Jae-yong, vice president of Samsung galaxy, applied for convening an investigation and review committee to consider whether it was appropriate for the prosecution to sue him for allegedly illegally inheriting the management right.

On the evening of June 26th, the investigation and review committee finally made a decision, suggesting that the prosecution terminate the relevant investigation and not initiate public prosecution.

On the day of the meeting, Samsung and the prosecution took turns to state and answer questions. The meeting lasted more than nine hours. In the end, out of 13 valid votes, only 3 votes were in favor of the prosecution's prosecution against Lee Jae-yong.

Just before that, Lee Jae-yong, the vice president of Samsung galaxy and the actual controller of the group, publicly apologized to all the people and shouted at himself? No idea to inherit the management right of the company to the children? . Does this mean that Samsung gave up? Hereditary South Korea's chaebol system may usher in changes.

Lee Jae-yong's public apology can be traced back to the pro-government incident of former South Korean President park geun-hye on 20 16. At that time, Lee Jae-yong became the actual head of Samsung after his father Lee Kun-hee was hospitalized. In order to ensure its controlling interest, Lee Jae-yong promoted the merger of Samsung Products and Samsung First Wool. In order to win the support of Korean National Pension, one of Samsung's major shareholders, Lee Jae-yong was sentenced to two and a half years' imprisonment and suspended for four years for allegedly bribing park geun-hye and his cronies. Later, the case was appealed to the Supreme Court of Korea and sent back to the Seoul High Court for retrial. At present, the case is still under trial.

Samsung Lee Jae-yong's decision to set a precedent may be somewhat out of desperation.

First of all, he has been plagued by lawsuits and has the opportunity to go to prison again; Secondly, in the face of last year's trade war between Japan and South Korea and the cold winter of the semiconductor market, Samsung was once again affected by the epidemic this year, which also accelerated the reform of this leading enterprise.

At the end of April, Samsung Electronics announced its financial report for the first quarter of 2020. The total revenue in the first quarter was 55.33 trillion won (about 2789 trillion yuan), an increase of 5.6 1% compared with the first quarter of last year, but a decrease of 7.6% compared with the last quarter (the fourth quarter of last year).

The report pointed out that the uncertainty caused by the COVID-19 epidemic will continue into the second half of the year, and it is expected that the performance will still decline in the second quarter.

On the other hand, Moon Jae in, the progressive president, made it clear before taking office that real growth could not be brought to the country without reforming the chaebol and large enterprises.

However, the chaebol problem in South Korea is deeply rooted after all, and the major family consortia still firmly control the enterprises.

Take Samsung Group as an example. Although Lee Jae-yong promised not to pass on her children to the next generation, her sister Li Fuzhen would also be an ideal successor.

In addition, Lee Jae-yong is in his early fifties and has no retirement plan. If he retires, it will be twenty years later. At that time, the world situation and the situation in South Korea were unknown. In other words, in the foreseeable future, Samsung may still be controlled by the Lee family.

However, Korean scholars believe that if Lee Jae-yong's declaration can be implemented, it may completely change the future direction of Samsung, especially breaking the foundation of the chaebol system and stepping into the historical stage, which will still have a far-reaching impact on Samsung and even South Korea's chaebol system.