It has been confirmed that BYC Chairman Han Seok-beom is in a lawsuit with his family over the inheritance of 1 billion won over the inheritance of his father, the late former chairman Han Young University.

According to the legal profession today (2nd), a lawsuit claiming oil shares with Chairman Han as a defendant was filed in the Seoul Central District Court on December 12 last year.

The plaintiff is Kim Mo, the spouse of former chairman Han Young University and mother of Chairman Han.

Other children of the former chairman have also been named as parties to the lawsuit.

It is said that the total amount of claims that the plaintiffs are contesting at the trial is more than 1 billion won.

The Seoul Central District Law assigned the case to Part 1 of the Civil Settlement (Chief Judge Chung Hyun-suk).

No date has yet been set for the first trial.

Former Chairman Han Young-dae, founder of BYC, passed away on January 300 last year.

His wife, Mr. Kim, reportedly claimed that he did not receive the legally guaranteed share of oil from his spouse during the inheritance process after the death of the former chairman of Han Young University.

According to the Civil Code, the share that children and spouses can inherit (legal inheritance) is determined, but if there is no will, it is distributed accordingly.

Even if there is a will, children and spouses are guaranteed 42% of the legal inheritance.

It is a legal mechanism that prevents certain heirs from monopolizing the estate.

To calculate the share of the estate, the total inheritance must be considered, including property gifted by the widow to co-heirs during her lifetime (special income).

Since the late 1s, Han has bequeathed affiliates to his children or supported the establishment and management of the company.

We also handed over our shares to these established affiliates by selling BYC (then Baekyang) shares at a low price.

The second of four children, Chairman Han inherited shares in Hanheung & Co., Shinhanbang, and Namho Textile, and now leads BYC substantially.

As such, if the shares of affiliated companies and real estate that former Chairman Han Young University bequeathed to some of his children during his lifetime are included in the calculation of oil shares, it is estimated that the basic assets, which are the "denominator," amount to about 16 trillion won.

Based on this assessment, based on the previously known family relationship of former Chairman Han Young-dae, Mr. Kim's oil share is estimated to be about 50 billion won, which is 1980%.

The outline of this lawsuit is that a chairman who received excess special profits should pay the shortfall.

Mr. Kim's side demanded payment of the fuel share, but Chairman Han refused, and the lawsuit began.

(Photo = Yonhap News)