Seoul:Members of Samsung Group’s proudly owning household are set to promote almost 2.6 trillion received ($2 billion) price of shares in Samsung associates to cowl inheritance taxes, a regulatory submitting confirmed on Sunday.
Because the loss of life of late Samsung Chairman Lee Kun-hee in October 2020, his relations have been paying inheritance taxes in instalments for the belongings inherited in response to a five-year plan.
The whole inheritance tax amounted to 12 trillion received, experiences Yonhap information company.
In line with the regulatory submitting with the Monetary Supervisory Service, Hong Ra-hee, the widow of Lee, and his two daughters — Lodge Shilla Co. CEO Lee Boo-jin and Samsung Welfare Basis’s chief Lee Website positioning-hyun — signed a deal final Tuesday entrusting share disposal to Hana Financial institution.
Below the deal aimed toward “inheritance tax cost,” Hana Financial institution is required to eliminate a 0.32 per cent share Hong has in Samsung Electronics and a mixed 0.18 per cent share owned by the 2 daughters within the agency by April 30, 2024.
The Samsung Electronics shares up on the market quantity to about 2.08 trillion received when the newest market closing worth of 69,600 received per share is utilized.
The Lodge Shilla CEO additionally signed a further deal entrusting the sale of her shares, which embrace a 0.65 per cent share in Samsung C&T Corp., a 1.95 per cent share in Samsung SDS Co. and a 1.16 per cent share in Samsung Life Insurance coverage.
The mixed worth of the shares is 499.3 billion received.
