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Lee Jay-yong receives W2.6 trillion in Samsung Electronics shares from mother, raises stake to 1.75%

Lee Jay-yong receives W2.6 trillion in Samsung Electronics shares from mother, raises stake to 1.75%

Lee Jay-yong, chairman of Samsung Electronics, and his mother Hong Ra-hee, honorary director of the Samsung Museum of Art / MoneyToday
Lee Jay-yong, chairman of Samsung Electronics, and his mother Hong Ra-hee, honorary director of the Samsung Museum of Art / MoneyToday

Lee Jay-yong, chairman of Samsung Electronics, is set to receive a gift of Samsung Electronics shares worth 2.6 trillion won from his mother, Hong Ra-hee, Honorary Director of the Leeum Museum of Art.

Samsung Electronics disclosed on Tuesday that Director Hong will donate 11,158,000 shares (0.17%) of Samsung Electronics stock to Lee. Based on Samsung Electronics' closing price on that day, the value of the donation is approximately 2.6 trillion won.

Currently, Lee holds 105.219053 million shares of Samsung Electronics, representing a stake of 1.58%. Once this donation is completed, Lee's ownership stake will increase to 1.75%.

"This article was translated using AI and may differ slightly from the original."