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News Wire / economy

Samsung Heir's Inheritance Tax Reduced To 26 Trillion Won

Bluesky Seoul 8d3d Impact 8

Chairman Lee Jae-yong, Hong Ra-hee, and Lee Boo-jin and Lee Seo-hyun have completed a record $8 billion inheritance tax payment. This represents the largest such payment in history. Samsung has paid 12 trillion South Korean won in inheritance tax. The company's payment is among the highest in the world. Korean companies have previously resisted such payments, citing high inheritance tax rates. The payment was described as a reluctant one by sources. The specific amount of the tax bill was not disclosed in the report. The company had reportedly attempted to avoid the tax before proceeding with the payment. The company is currently managing the financial obligations following leadership transitions. Samsung's founding family heirs have paid an inheritance tax of approximately 11 trillion Korean won, which is equivalent to $8.1 billion USD.

Chairman Lee Jae-yong, Hong Ra-hee, and Lee Boo-jin and Lee Seo-hyun have completed a record $8 billion inheritance tax payment. This represents the largest such payment in history. Samsung has paid 12 trillion South Korean won in inheritance tax. The company's payment is among the highest in the world. Korean companies have previously resisted such payments, citing high inheritance tax rates. The payment was described as a reluctant one by sources. The specific amount of the tax bill was not disclosed in the report. The company had reportedly attempted to avoid the tax before proceeding with the payment. The company is currently managing the financial obligations following leadership transitions. Samsung's founding family heirs have paid an inheritance tax of approximately 11 trillion Korean won, which is equivalent to $8.1 billion USD. This payment is related to the inheritance of the late Samsung Group Chairman Lee Kun-hee. The family of deceased Samsung former chairman Lee Kun-hee faces an inheritance tax calculated on assets including stocks, real estate, and high-value art collections valued at approximately 26 trillion won.

Topics

Samsung inheritance tax South Korea

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Sources · 7 independent

Bluesky

“The Samsung family, including Chairman Lee Jae-yong, his mother Hong Ra-hee, and sisters Lee Boo-jin and Lee Seo-hyun, has completed payment o...”

ABC NewsRadio AU

“The family have just completed paying a massive inheritance tax bill of $12 trillion, the largest such payment in history.”

ABC NewsRadio AU

“inheritance tax bill of $12 trillion, the largest such payment in history.”

ABC NewsRadio AU

“inheritance tax bill of $12 trillion, the largest such payment in history. in South Korea for inheritance tax. I think it's 50%, which is the highest in the world”

VOV1 Vietnam

“Samsung Completes $12T Inheritance Tax Payment”

ABC NewsRadio AU

“in South Korea for inheritance tax. I think it's 50%, which is the highest in the world, I think, or among the highest in the world.”

Samsung Pays $12 Trillion Inheritance Tax

“Samsung Pays $12 Trillion Inheritance Tax”

BBC WS backup

“Samsung pays a massive inheritance tax bill to the South Korean government. It was a reluctant payment.”

BBC World Service

“Samsung pays a massive inheritance tax bill to the South Korean government. It was a reluctant payment. It was something that they were trying to avoid.”

BBC WS

“Samsung pays a massive inheritance tax bill to the South Korean government. It was a reluctant payment.”

Mastodon

“Samsung heirs complete $8.1B inheritance tax, setting example”

Shonan Beach FM

“「もう遅すぎて、彼を追いかけるのに」 「彼はもう十分に近いから、今は」”

Baywave FM Japan

“Samsung Heirs Pay $8.1 Billion Inheritance Tax”

RTHK Radio 1 Cantonese

“遗产税的金额是根据集团已故前会长李健基在2020年离世后留下的资产计算,包括股票、物业以及大批高价艺术收藏品,估值相当于26万亿韩元。”

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