Samsung Korea pays off 120 trillion won in massive inheritance taxes

MaticHoleFiller · 2026-04-05T12:43:26+00:00

The family of the actual controlling family of South Korea's Samsung Group will complete the payment of approximately 12 trillion won in inheritance tax this month, marking the end of the largest inheritance tax obligation in history. This will ease financial pressure and support current Chairman Lee Jae-yong in implementing the "New Samsung" strategy.

MaticHoleFiller

2026-04-05 12:43:26

Abstract generation in progress

Industry sources said Sunday that the controlling family of Samsung Group in South Korea will complete payment of the inheritance tax for assets left behind by the late chairman Lee Kun-hee—about 120 trillion won (about $8 billion)—later this month.

The tax has been paid in five installments since 2021. Clearing it now marks the formal end of one of the largest inheritance tax payment obligations in Korean history. It is expected that this will ease the family’s financial pressure and/or accelerate the rollout of the “New Samsung” growth strategy by the current chairman, Lee Jae-yong.

According to the sources, Lee Jae-yong, the late chairman’s only son, along with other heirs, jointly raised the funds for the tax payment by selling shares of group subsidiaries, using dividend income, and other financing methods.

Other heirs include his mother, Hong Ra-hee, honorary chair of the Samsung Museum of Art, and his sister—Lee Boo-jin, CEO of Shilla Hotels & Resorts—and Lee Seo-hyun, president of Samsung C&T.

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Responsible editor: Chen Yujia

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