The Koos, its controlling family, were among the first to establish a holding company for their conglomerate, in 2003.

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The Koos own a 39% stake in LG, allowing family members to control the company, although professional managers now run it.

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Newbridge, which was under the impression that it had signed binding contracts in Shenzhen, is suing the Koos in an American court.

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Koos Bekker is known as the Rupert Murdoch of South Africa.

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In its 60-year history, this company has risen to prominence as one of the chief Korean chaebols, and its founding family, the Koos, have got rich.

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