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Journalism of Courage
A family dispute over the control of South Korea’s Hyundai group deepened on Tuesday as the group’s chairwoman Hyun Jung-Eun filed a fresh lawsuit to reclaim treasury shares sold to a rival relative four months ago. Hyundai Elevator Co, the group’s de facto holding firm, said the legal action was to take back 80,000 common treasury shares, or a stake of 1.43 per cent, from Kumgang Korea Chemical Co Ltd. The chairwoman has been in a bitter feud with KCC honorary chairman Chung Sang-Yung, the uncle of her late husband, over the control of the group since August. (PTI)
