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Samsung Group heirs finalise 12 trillion won inheritance tax on former chairman’s estate

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·WAM·30 days ago
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These payments were scheduled to be settled over a five-year period starting from 2021 Last updated: May 03, 2026 | 21:07 Industrial sources in South Korea reported today that the founding family of the Samsung Group has completed the payment of inheritance taxes amounting to approximately 12 trillion won (8 billion US dollars) on the assets left by the late Chairman Lee Kun-hee. These payments, which were scheduled to be settled over a five-year period starting from 2021, mark the conclusion of one of the largest inheritance tax obligations in South Korean history. Get updated faster and for FREE: Download the Gulf News app now - simply  click here . According to the sources, Lee Jae-yong, the late chairman’s only son, along with other heirs, funded the tax burden by selling additional shares in group affiliates, using dividend income, and employing other financing measures.…

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