Samsung's Lee family to pay more than 12 trln won inheritance taxes
The family of deceased Samsung Electronics chairman Lee Kun-hee will pay more than 12 trillion won ($10.78 billion) in inheritance taxes for the estate of the late patriarch. Lee died on Oct. 25. His estate, valued at around 26 trillion won ($23.4 billion) according to local media, included shareholdings in Samsung affiliates valued at $17 billion. The Lee family's handling of the hefty inheritance tax bill - one of the largest ever in both Korea and globally - had been closely watched as it could have resulted in the dilution of the family's controlling stake in Samsung.
Source: reuters.com