Sambutogeon Grandson Loses 200 Million Loan Repayment Lawsuit Against LG Family Eldest Son-in-Law
Jo Chang-yeon, the grandson of the late Jo Jeong-gu, founder of Sambutogeon, filed a lawsuit demanding that Yoon Kwan, CEO of Blue Run Ventures (BRV) and LG's eldest son-in-law, repay 200 million won, but lost the case.
Seoul Central District Court, Seocho-gu, Seoul. Photo by Jinhyung Kang aymsdream@
View original imageOn the 4th, Kim Dong-hyuk, Chief Judge of Civil Division 42 at the Seoul Central District Court, ruled against Jo in the lawsuit seeking the return of 200 million won from CEO Yoon. Judge Kim did not disclose the reasons for the verdict in court.
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CEO Yoon is the husband of Koo Yeon-kyung, CEO of the LG Welfare Foundation and eldest daughter of the late Koo Bon-moo, former chairman of LG Group. Jo filed the lawsuit in November last year, claiming that after VSL Korea, a company invested in by CEO Yoon, was selected as the acquirer of the Renaissance Hotel (now Centerfield) site, he lent CEO Yoon 200 million won in cash but has not been repaid.
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