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[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung's owner family sold part of its stake in its affiliates in the form of a "block deal" to raise inheritance taxes.
According to the Financial Supervisory Service's electronic disclosure system on the 16th, former Samsung Museum of Art Leeum Director Hong Ra-hee, Hotel Shilla President Lee Boo-jin and Samsung Welfare Foundation Chairman Lee Seo-hyun disposed of 29,829,183 shares of Samsung Electronics' ordinary shares in after-hours mass sales on the 11th.
The stake in the sale is 0.32% (19,324,106 shares) for former director Hong, 0.04% (2,401,223 shares) for president Lee, and 1.14% (8,103,854 shares) for chairman Lee. As a result, their stakes in Samsung Electronics decreased to 1.45%, 0.78%, and 0.70%, respectively. The sale price is 72,717 won per share and the total amount is 1.1691 trillion won.
On the same day, Lee also disposed of shares in Samsung C&T, Samsung SDS and Samsung Life Insurance through overtime trading. President Lee disposed of 0.65% (1,205,718 shares) of Samsung C&T, Samsung SDS 1.95% (1,511,584 shares), and Samsung Life Insurance 1.16% (2,315,552 shares).
The three mothers and daughters sold a total of KRW 2.7 trillion worth of stocks.
Meanwhile, the inheritance tax that the Samsung family has to pay after the death of the former chairman Lee Kun-hee is 12 trillion won. The bereaved families have been paying inheritance taxes in installments for five years since April 2021.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
