Three Steps of Control
Three Steps of Control
How a 1.63% direct stake still commands Samsung Electronics
Lee Jae-yong
20.9% of C&T
Direct holding
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Samsung C&T
19.34% of Life
Also holds 5.01% of Samsung Elec. directly
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Samsung Life
8.51% of Samsung Elec.
Valued at 1980s book cost, not market price
Pending bill targets this link
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Samsung Electronics
Largest shareholder: Samsung Life
Control endpoint
Lee Jae-yong's own direct stake in Samsung Electronics is roughly 1.6%. Control instead flows through a three-step chain, with Samsung Life's stake — still booked at its 1980s acquisition cost rather than market value — serving as the pivotal, and most legally contested, link.