The Korea Times
Hong Ra-hee, the widow of late Samsung Group Chairman Lee Kun-hee, has sold a stake in Samsung Electronics worth nearly 3.1 trillion won ($2.1 billion) to complete the payment of inheritance taxes on assets left by the late tycoon, industry sources said Thursday. Hong, honorary director of the Leeum Museum of Art and mother of Samsung Electronics Chairman Lee Jae-yong, sold 15 million shares in Samsung Electronics in a block deal before the market opened earlier in the day, according to the sources. Her shares were sold at 205,237 won per share, reducing Hong's stake to 1.24 percent from 1.49 percent. The sale marks the end of the family's effort to pay inheritance taxes, totaling about 12 trillion won, in installments over a five-year period that began in April 2021. Along with Hong, Lee Jae-yong and his two sisters — Lee Boo-jin, chief executive of Hotel Shilla, and Lee Seo-hyun, president of Samsung C&T — have financed the tax burden through share sales in group affiliates and other funding measures since 2021. The late chairman left assets estimated at around 26 trillion won, incl
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