Samsung heirs to include art works to cover $10bn bill rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Wednesday, 28 Apr 2021 07:06 PM MYT
Samsung Electronics chairman Lee Kun-hee s daughters, Lee Boo-jin (centre), Lee Seo-hyun (left) and his only son Samsung Electronics chief operating officer Jay Lee are seen after the Ho-am prize award ceremony in Seoul in this June 1, 2012 file photo. Reuters pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
SEOUL, April 28 The heirs to South Korea’s Samsung group announced their plans to pay more than US$10 billion (RM41 billion) in death duties today one of the world’s biggest-ever inheritance tax settlements and donate an art trove including works by Monet and Picasso.
Samsung heirs to pay billions, donate Monet, Picasso works for tax bill ecr.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecr.co.za Daily Mail and Mail on Sunday newspapers.
Department store sales spike on revenge spending
Posted : 2021-04-05 16:32
By Lee Min-hyung
Sales at the nation s department stores set a new 25-year high in February, in an apparent sign of so-called revenge spending in the wake of the COVID-19 economic doldrums experienced throughout 2020.
According to data from Statistics Korea, consumer spending at department stores surged by 33.5 percent in February, compared to a year ago, the largest growth since February 1996. The statistics authority started compiling data from 1995.
This is widely seen as a post-lockdown rebound here after the economy contracted 1 percent last year.
Statistics Korea said domestic consumption is showing signs of bouncing back after bottoming out in February 2020 when department store sales declined by 21.2 percent from the year before.
Ample liquidity, hopes for economic recovery to offset inflationary fears
Posted : 2021-03-08 17:00
Updated : 2021-03-09 09:11
U.S. President Joe Biden speaks after the Senate approved a $1.9 trillion virus relief plan, at the White House in Washington, D.C., Saturday. Reuters-Yonhap
By Lee Min-hyung
Ample liquidity and rising hopes for a post-coronavirus economic recovery will offset escalating inflationary fears amid rising interest hikes, market experts said Monday.
The Bank of Korea (BOK) and financial authorities here have placed top priority on revving up the economy this year despite concerns over inflation-driven bubbles in the nation s asset market.
Economists here remained optimistic for the economy to achieve a major rebound in 2021 under the precondition that the coronavirus threat diminishes gradually and any possible COVID-19 mutations do not bring any further economic damage.