Samsung C&T minority shareholders’ damages suit to be ruled on in October… conclusion after 6 years and 8 months

The Seoul Central District Court has closed arguments in a damages suit filed by 32 Samsung C&T minority shareholders against Chairman Lee Jae-yong and Samsung C&T.

The first-instance ruling has been set for Oct. 29, bringing a conclusion after 6 years and 8 months.

The case stems from alleged losses caused by the 2015 Samsung C&T–Cheil Industries merger; some defendants were dropped after the plaintiffs withdrew claims.

A separate damages suit by the National Pension Service over the same merger is also ongoing at the same court.