🇰🇪 Kenya 4h ago · BBC

Samsung family pays off record $8bn inheritance tax bill

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Samsung family pays off record $8bn inheritance tax bill
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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.
Chairman Lee Jae-yong and other members of the family, including his mother Hong Ra-hee and sisters Lee Boo-jin and Lee Seo-hyun, paid the sum in six installments over the last five years.
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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