SEOUL, April 14 (Korea Bizwire) — Scions of Samsung Group, South Korea’s top conglomerate, are putting the final touches to their massive inheritance tax payment plan as the deadline nears. The scions of the late chief have reportedly completed appraisal of artworks and real estate that were owned by late group chairman Lee Kun-hee and [...]
SEOUL, Oct. 25 (Korea Bizwire) — As Samsung chief Lee Kun-hee passed away, his heirs, including his only son, Jae-yong, and his sisters will shoulder a record high amount of inheritance tax, industry sources said Sunday. Lee Kun-hee, who led South Korea’s top family-controlled conglomerate Samsung Group, died at a hospital in Seoul on Sunday [...]
SEJONG, Oct. 25 (Korea Bizwire) — An average of about 60 trillion won (US$53.09 billion) worth of wealth has been transferred or handed down every year since 2003, but less than half of the recipients had to pay taxes, data showed Wednesday. According to records from the National Tax Service that were analyzed by the [...]