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Originally published by Capital Business

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business

May 4, 2026

3h ago

Samsung family pays off record $8bn inheritance tax bill

Samsung family pays off record $8bn inheritance tax bill

Lee Kun-hee left a 26 trillion won fortune, including shares, property and art collections. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The family behind South Korean conglomerate Samsung has finalized the payment of a record-breaking inheritance tax bill amounting to ₩12 trillion (approximately $8 billion USD).

The tax payment is linked to the estate of the late Samsung Chairman Lee Kun-hee, who passed away in October 2020.
The family, including Chairman Lee Jae-yong and other relatives, made the payment in six installments over five years.
South Korea's inheritance tax rate of 50% is among the highest globally.

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