Apr 29, 2021, 10:59 AM
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Samsung Chairman Lee Kun-hee left his heirs a fortune of almost $21 billion after he died in October last year of a heart attack.
Jung Yeon-je/AFP/Getty Images
Samsung's Lee Family has found a way to pare down their massive $10.78 billion inheritance tax bill.
The Lees are unloading a treasure trove of 23,000 art pieces, including Picassos and Dalis.
The art, worth some $1.8 billion, will be donated to South Korean national museums.
The family of late Samsung Electronics chairman Lee Kun Hee is donating a treasure trove of around 23,000 art pieces to South Korean museums, to shave a healthy sum off the massive tax bill they need to pay off within five years.