Lee Jae-yong, Chairman of Samsung Electronics, is set to purchase 0.11% of Samsung Electronics shares held by his mother, Hong Ra-hee, Honorary Director of the Liem Museum. The honorary director is selling her shares to repay loans taken out for inheritance tax payments.
According to the Financial Supervisory Service's electronic disclosure system on the 9th, _NAME_0__ plans to acquire 7,188,793 ordinary shares of Samsung Electronics held by the honorary director through an over-the-counter purchase on October 12. The acquisition price is set at 269,500 won per share, based on the closing price of the previous business day (the 8th) when the report was submitted, with a total transaction value reaching approximately 1.9374 trillion won.
Once the transaction is completed, _NAME_0__'s shareholding in Samsung Electronics will rise to 1.58%. Samsung Electronics stated, "As this is a transaction between individual major shareholders, the company has no official position."
Industry observers believe that the honorary director is selling her shares to repay loans incurred for inheritance tax payments. It is also interpreted that she chose to conduct the sale among major shareholders to minimize market impact.
The Samsung family has been paying a total of 12 trillion won in inheritance taxes on approximately 26 trillion won in assets left by Lee Kun-hee, _NAME_0__, who passed away in 2020, in six installments over five years. The inheritance tax payments were completed last April. It is reported that the burden of inheritance tax payments falls on the honorary director, _NAME_1__, Lee Boo-jin, President of Hotel Shilla, and Lee Seo-hyun, President of Samsung C&T, in that order.
In this process, to secure funds for inheritance taxes, the honorary director and three generations of women including Lee Boo-jin and _NAME_0__ have utilized methods such as selling shares in Samsung Electronics, Samsung SDS, and Samsung C&T, as well as stock-backed loans. Earlier this year, the honorary director also signed a securities disposal trust contract with Shinhan Bank for 15 million shares of Samsung Electronics (representing a 0.25% shareholding).
In contrast, it is reported that _NAME_0__ has paid inheritance taxes through dividends from major affiliated companies and personal credit loans to maintain corporate governance. _NAME_1__ received dividends of 346.6 billion won in 2024 and 399.3 billion won last year, a 15.2% increase compared to the previous year. Earlier this year, the honorary director also gifted all 1.808577 million shares of Samsung C&T that she held to _NAME_2__.
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