Court rules Samsung pay car arm creditors $2.4 bln

Newswire

SEOUL, Jan 31 (Reuters) - A South Korean court ruled on Thursday that Samsung Group [SAGR.UL] companies and its chairman pay creditors of its failed car-making business $2.4 billion. The ruling by Seoul Central District Court is another blow to the conglomerate already being investigated over graft allegations. The court called for Samsung companies to sell 2.3 million shares in its life insurance unit, part of the collateral Samsung Chairman Lee Kun-hee had given the creditors, and pay ...

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