Eyes are on how Samsung scions will pay one of world s largest tax bills
Posted : 2021-04-20 16:18
By Baek Byung-yeul
As the due date for paying inheritance tax owed by the late Samsung Group Chairman Lee Kun-hee s bereaved family is approaching, observers are looking at how the heirs will pay one of the world s largest inheritance tax bills estimated at around 13 trillion won ($11.7 billion).
Industry sources said Tuesday that Samsung Group may officially announce a payment plan for the tax, which is due by the end of this month, next week although a company official declined to reveal any details on the matter.
Posted : 2021-01-06 16:24
Updated : 2021-01-06 16:26
Samsung Electronics Vice Chairman Lee Jae-yong inspects the company s network equipment during his visit to the company s R&D unit in Seoul, Wednesday. Lee is the second-largest shareholder of Samsung SDS, owning a 9.2 percent stake. / Courtesy of Samsung Electronics
By Baek Byung-yeul
Samsung SDS is considering joining the cold chain business for storage and delivery of COVID-19 vaccines, which must be kept at a consistently cold temperature, as part of efforts to expand its business beyond group affiliates.
The IT services arm of Samsung Group said Wednesday it conducted a simulation recently on delivering vaccines in conjunction with Yongma Logis, a local medicine and medical supplies delivery company, and Korea Superfreeze that operates ultra-cold storage facilities.
Samsung heir becomes S. Korea s richest stockholder after father s death |
This file photo, provided by Samsung Group, shows late Samsung Group Chairman Lee Kun-hee (C, front row) and his only son and heir Lee Jae-yong (2nd from L, 2nd row) attending the Consumer Electronics Show (CES) 2010 in the United States.
Lee Jae-young, vice chairman of global tech giant Samsung Electronics Co., has emerged as South Korea s richest stockholder following his father s death, a corporate tracker said Wednesday.
The value of Lee s stock holdings came to 9.1 trillion won ($8.3 billion) as of Tuesday, up from 7.4 trillion won at the end of last year, according to CEO Score.
Posted : 2020-12-24 09:10
Updated : 2020-12-31 11:02
Samsung family members are seen in this photo taken at CES 2010 held in Las Vegas. / Courtesy of Samsung Electronics
By Kim Bo-eun
Attention is focusing on how the family members of the late Samsung Electronics Chairman Lee Kun-hee will pay inheritance taxes on stocks they will receive, after the amount was finalized at 11.04 trillion won, Tuesday. This is 12 times the amount of inheritance tax to be paid by family members of the late LG Group Chairman Koo Bon-moo.
The inheritance tax on the stocks is calculated based on the average price of the stocks over a period of four months ― two months prior to death and two months after. About a 60 percent tax rate is imposed on the calculated figure of 18.97 trillion won.