Samsung C&T has been changed to Samsung Life's largest shareholder from Samsung C&T → Samsung Life → Samsung Electronics' governance structure, controlled by Lee Jae-yong, as the three major inheritance of Samsung Electronics' management rights.
Samsung C&T and Samsung Life, the controlling company, which took place over Samsung Electronics, which accounted for 70% of the Samsung subsidiary, is inevitable as the Samsung C&T subsidiary emerged as the largest shareholder in the private system of Lee Kun-hee, the governor of Samsung Life.
Samsung Electronics Vice Chairman Lee Jae-yong secured 10.44% of Samsung Life in support of his family's inheritance of Samsung Electronics' management rights, and Samsung C&T became the largest shareholder with 19.34%.
Under the control of Samsung C&T, Lee Vice Chairman Lee, the largest shareholder in the past, increased from 17.48% to 18.13%, but the control of management rights weakened as the largest shareholder changed from controlling Samsung Electronics through Samsung Life to a corporation rather than an individual system.
Vice-Chairman Lee said that Samsung C&T established a governance structure based on Samsung Life's 19.34% stocks, which created a platform for controlling Samsung Electronics' management rights through Samsung Life. However, Samsung C&T's stocks held by Samsung Life Insurance and Samsung C&T's exercise of management rights over Samsung Electronics Separation seems to be inevitable.
According to the amendment to the insurance law, Samsung Life expects to continue to deal with the government's ruling party as a bill requiring the sale of 5.51% stake in Samsung Electronics is pending in the National Assembly as a ban on holding more than 3% stake in Samsung Electronics.