SEOUL, May 7 (Korea Bizwire) – A number of symbolic artworks by contemporary Korean masters are among the more than 1,000 pieces that the Samsung family recently decided to donate to the National Museum of Modern and Contemporary Art (MMCA). Last week, heirs of the country’s biggest conglomerate Samsung pledged to donate part of late [...]
YEOSU, May 3 (Korea Bizwire) — Late Samsung Group chief Lee Kun-hee’s private real estate in the southern city of Yeosu, South Jeolla Province, is gaining spotlight as his family members have decided to donate artwork and real estate back to the public. In February 2005, Lee purchased some 21,000 square meters of land near [...]
SEOUL, April 28 (Korea Bizwire) – The vast art collection that heirs of the country’s biggest conglomerate Samsung pledged to donate has turned out to be a treasure trove of national treasures and masterpieces by renowned artists here and abroad. Late Samsung Group chief Lee Kun-hee’s family on Wednesday announced that they would pay more than [...]
SEOUL, April 21 (Korea Bizwire) — With the deadline for Samsung scions to pay their colossal inheritance tax looming, eyes are on to what extent the move will involve late Samsung Chairman Lee Kun-hee’s art collection, believed to fetch up to 3 trillion won (US$2.7 billion). The senior Lee, who was South Korea’s richest man, [...]
SEOUL, Dec. 8 (Korea Bizwire) — The stock value of Lee Kun-hee, the late chief of South Korea’s top conglomerate Samsung Group, soared more than 21 percent this year due largely to a surge in the share price of group flagship Samsung Electronics Co., data showed Tuesday. The value of stocks held by Lee, who [...]
SEOUL, Nov. 17 (Korea Bizwire) — The stock value of Lee Kun-hee, the late chief of South Korea’s top conglomerate Samsung Group, has surpassed the 20 trillion won mark for the first time thanks largely to a surge in shares of tech giant Samsung Electronics Co., data showed Tuesday. The value of stocks held by [...]
SEOUL, Oct. 28 (Korea Bizwire) — Samsung Group chief Lee Kun-hee, one of most influential businessmen in South Korea’s post-war era, was laid to rest in a funeral Wednesday as his family, friends and associates mourned his death. Lee, who built the country’s largest conglomerate, died Sunday at age 78, more than six years after [...]
SEOUL, Oct. 27 (Korea Bizwire) — Speculation is growing over when Samsung Electronics Vice Chairman Lee Jae-yong would take the position of chairman in South Korea’s largest conglomerate following his father’s death, industry insiders said Tuesday, though the heir has already been recognized as the tech giant’s de facto leader. His father and a longtime [...]
SEOUL, Oct. 26 (Korea Bizwire) — Shares in Samsung Group’s key affiliates closed higher Monday on expectations that they may increase dividend payouts to help the late Samsung chief’s scions secure funds to pay record high inheritance taxes and they may overhaul their governance structures. Samsung Group chief Lee Kun-hee died Sunday at age 78, [...]
SEOUL, Oct. 26 (Korea Bizwire) — Key business and political leaders on Monday visited a funeral parlor to offer their condolences to the family of late Samsung Group chief Lee Kun-hee, mourning the death of South Korea’s most influential business tycoon. Lee died Sunday at age 78, more than six years after being hospitalized for [...]