
Samsung Family Pays Record $8 Billion Inheritance Tax
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.
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Samsung family pays off record $8bn inheritance tax bill
The bill is tied to the estate left by the firm's late chairman Lee Kun-hee, who died in October 2020.
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The family behind the South Korean corporate giant Samsung has completed its payment of a 12 trillion won (£6bn; $8bn) inheritance tax bill, the largest such settlement in the country's history.
By Emmanuel Tetteh
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