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Samsung's Lee family to pay more than $10.8 billion inheritance tax


The family of late Samsung Electronics Co Ltd Chairman Lee Kun-hee said on Wednesday they will pay over 12 trillion won ($10.8 billion) in inheritance tax for his estate and donate his vast private art collection to state curators.
Lee, who is credited with transforming Samsung into the world s largest smartphone and memory chip maker, died on Oct. 25 with an estate local media valued at around 26 trillion won.
The inheritance tax bill - one of the largest-ever in South Korea and globally - has been closely watched due to its potential to dilute the family s controlling stake in Samsung.
The family said it planned to pay the bill over five years in six instalments, starting this month. ....

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Samsung's Lee family to pay more than $10.8b tax, donate art


Samsung s Lee family to pay more than $10.8b tax, donate art
Samsung Electronics chairman Lee died on October 25 with an estate valued at around 26 trillion won
Reuters
April 28, 2021
Samsung Electronics Chairman Lee Kun-hee responds to a question from a reporter after touring the Samsung booth at the 2012 International Consumer Electronics Show (CES) in Las Vegas, Nevada January 12, 2012. PHOTO: REUTERS
The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than $10.8 billion in inheritance taxes for his estate and donate his vast private art collection to state curators.
Lee, who is credited with transforming Samsung into the world s largest smartphone and memory chip maker, died on October 25 with an estate valued at around 26 trillion won. ....

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Samsung heirs' legacy plan: $11 billion in tax, 23,000 artworks


The family of late Samsung Electronics Co Ltd Chairman Lee Kun-hee said on Wednesday they will pay over 12 trillion won ($10.8 billion) in inheritance tax for his estate and donate his vast private art collection to state curators.
Lee, who is credited with transforming Samsung into the world s largest smartphone and memory chip maker, died on Oct.
25 with an estate local media valued at around 26 trillion won.
The inheritance tax bill - one of the largest-ever in South Korea and globally - has been closely watched due to its potential to dilute the family s controlling stake in Samsung.
The family said it planned to pay the bill over five years in six instalments, starting this month. ....

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Samsung family to pay US$10.8b inheritance levy - World News


2021-04-28 14:20:17 GMT2021-04-28 22:20:17(Beijing Time) Sina English
AFP
A Samsung flag (right) and South Korean national flag flutter at the company s Seocho building in Seoul on Wednesday.
The family of late Samsung Electronics Chairman Lee Kun-hee said on Wednesday they will pay over 12 trillion won (US$10.8 billion) in inheritance tax for his estate and donate his vast private art collection to state curators.
Lee, who is credited with transforming Samsung into the world’s largest smartphone and memory chip maker, died on October 25 with an estate local media valued at around 26 trillion won.
The inheritance tax bill one of the largest-ever in South Korea and globally has been closely watched due to its potential to dilute the family’s controlling stake in Samsung. ....

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