The Samsung family, which borrowed 4 trillion won to pay the inheritance tax, has interest of 200 billion won alone
김지선
stockmk2020@alphabiz.co.kr | 2023-06-07 03:00:38
[Alpha Biz=(Chicago) Reporter Kim Jisun] Since the death of the late Samsung chairman Lee Kun-hee, three mothers and daughters of the Samsung family have received more than 4 trillion won in loans to pay inheritance taxes.
According to the Financial Supervisory Service's electronic disclosure system on the 6th, Hong Ra-hee, former director of Samsung Art Management Center, Lee Boo-jin, president of Hotel Shilla, and Lee Seo-hyun, chairman of the Samsung Welfare Foundation, recently took out stock collateral loans. The amount of loans the three mothers and daughters received with Samsung Electronics shares as collateral were 1.4 trillion won for former director Hong, 517 billion won for President Lee Boo-jin and 190 billion won for Chairman Lee Seo-hyun.
According to the analysis of Samsung's major affiliates' disclosure data, the three people's stock collateral loans currently amount to 4.781 trillion won.
Their loans are due to the payment of inheritance taxes. The inheritance tax that Samsung's owner family has to pay amounts to 12 trillion won. The bereaved families have been paying inheritance taxes in installments for five years since April 2021 using the annual payment system.
The amount paid so far is estimated to be about 6 trillion won, with more than 6 trillion won remaining to be paid over the next three years.
As interest rates soar, their interest payments are significant. Recently, interest rates on stock-backed loans received by former director Hong, President Lee Boo-jin and Chairman Lee Seo-hyun are known to be in the 5% range, and the interest on loans to be paid by the three mother and daughter alone is estimated to be more than 200 billion won a year.
The bereaved families even disposed of shares of some affiliates to finance inheritance taxes.
Hong sold about 20 million shares of Samsung Electronics in March last year and Lee Boo-jin sold about 1.5 million shares of Samsung SDS. Chairman Lee Seo-hyun is said to have sold all 3 million shares of Samsung SDS and 3.5 million shares of Samsung Life Insurance to cover the inheritance tax.
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