Lim Jong-hoon, CEO of Hanmi Science (photo=Hanmi Science)

 

[Alpha Biz= Reporter Kim Jisun] Lim Jong-hoon, CEO of Hanmi Science, has taken out an additional stock-secured loan of 45 billion KRW, presumably to cover inheritance tax obligations.

According to the electronic disclosure system of the Financial Supervisory Service on the 24th, Lim and his children, Lim Hu-yeon and Lim Yun-ji, borrowed 45 billion KRW from Kyobo Securities using approximately 780,000 shares of Hanmi Science as collateral. As of that day, the total amount of stock-secured loans taken out by the family of the late Hanmi Group founder, Lim Sung-ki, amounted to 324.7 billion KRW.

The family still owes 264.4 billion KRW of the 540 billion KRW inheritance tax imposed after Chairman Lim's death. Industry analysts speculate that CEO Lim took out the additional loan after negotiations to sell shares to a private equity fund (PEF) to raise the inheritance tax fell through. The family is currently seeking an extension to pay about 70 billion KRW of the fourth installment of the inheritance tax by the end of this year.

 

 

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