Samsung Heirs Complete $8.1 Billion Inheritance Tax Payments

Samsung said heirs of the late Samsung Group Chairman Lee Kun-Heehave completed inheritance tax payments of 12 trillion won ($8.1 billion) on his estate.

• Payments were made over five years in six installments starting in 2021, following the death of Lee in 2020, according to a company statement
• The family members include Lee Jae-Yong, chairman of Samsung Electronics; Hong Ra-hee, honorary director of the Leeum Museum of Art; Lee Boo-Jin, president of Hotel Shilla; and Lee Seo-Hyun, president of Samsung C&T
• Inheritance tax bill was the largest ever in South Korea
• The late chairman ...