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The family behind the Samsung conglomerate has paid off a record $8 billion inheritance tax bill, marking the largest such payment in South Korean history. This payment follows the death of chairman Lee Kun-hee.
The family owning Samsung is scheduled to finalize their 12 trillion-won inheritance tax payments this month.
The Samsung Group's owner family has finalized the payment of 12 trillion won ($8 billion) in inheritance taxes over five years, marking South Korea's largest such settlement and solidifying their control over the conglomerate.
Lim Dong-hyun, a member of South Korea's prominent Samsung family, attributes his admission to Seoul National University to abstaining from smartphones and video games for three years.
The Samsung family has finalized its inheritance tax payments following the sale of shares by Hong Ra-hee.