[Alpha Biz=(Chicago) Reporter Paul Lee] The government estimated the value of shares paid in inheritance tax by the late Nexon founder Kim Jung-joo at about 4.7 trillion won.

Although the sale process will be carried out in accordance with related laws, it will take a considerable amount of time to sell it because the market assessment may be different from the government's judgment and the size is the largest ever.

According to related ministries on the 1st, the Ministry of Economy and Finance has become the second-largest shareholder with 852,190 shares of Nexon's holding company NXC. It is equivalent to 29.3% of NXC's total stake.

As a result, the National Tax Service reviewed the value of stocks received by the government and finally determined that they would be about 4.7 trillion won.

Payment in kind is a system that allows inheritance taxes to be paid by securities, real estate and bonds, not cash, if the requirements are met.

The Ministry of Economy and Finance says it will proceed with the sale process as soon as the National Tax Service's decision is finally notified.

 

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