Samsung Family Member Sells $2.1 Billion Worth of Shares (2)

A Samsung Group family member has sold about 3.1 trillion won ($2.1 billion) in Samsung Electronics Co. shares, according to people familiar with the matter, in one of the biggest such offerings in South Korea.

Hong Ra-hee, the wife of the late Samsung Chairman Lee Kun-hee, sold her shares for inheritance-tax purposes, the people said, asking not to be named because they weren’t authorized to speak publicly.

A regulatory filing in January showed that Hong was looking to dispose of 15 million shares for tax and loan repayment. A Samsung Electronics representative declined to comment.

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