Samsung family to pay off the remaining 54.9 billion inheritance tax: Mother and two daughters sell shares to raise funds, while Lee Jae-yong relies on loans and dividends

Gelonghui April 7｜According to Red Star News, it is reported that the Samsung family will pay off the inheritance tax due on the late former chairman Lee Kun-hee's estate this month. This marks the official conclusion of one of the largest inheritance taxes in South Korean history. According to reports, when Lee Kun-hee passed away in 2020, he left an estate worth about 26 trillion Korean won (approximately 119 billion RMB), with total inheritance tax of about 12 trillion Korean won (approximately 54.9 billion RMB), including a large amount of Samsung stock, real estate, and a private art collection. It is understood that when the Samsung family filed the inheritance tax in 2021, they chose to pay the taxes in six installments over five years. To raise the necessary funds, family members adopted different approaches. Hong Ra-hee and her daughters (Lee Boo-jin, Lee Seo-hyun) gradually sold shares in Samsung Electronics as well as in major affiliated companies such as Samsung SDS and Samsung C&T. Earlier this year, Hong Ra-hee also signed an agreement to sell 15 million shares of Samsung Electronics and indicated that the agreement was intended to settle the tax payment. It is reported that Lee Jae-yong did not sell his shares in the main Samsung companies, but instead relied on dividends and personal loans to pay the taxes.