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One of the costliest cases globally: Samsung heirs pay 50% of wealth in taxes

2026-05-05 18:15:24Kosova&Bota SHKRUAR NGA REDAKSIA VOX

It's not just the number that's striking, but its size, almost half of an industrial empire transferred to the state.

The inheritance process of Lee Kun-hee, the historic chairman of Samsung who passed away in 2020, has been concluded with the payment of about 12 trillion won, approximately $8 billion in taxes.

A record for South Korea and, most likely, one of the costliest cases ever recorded globally.

A $17 billion inheritance

The fortune left by Lee was impressive even by the standards of Asian conglomerates, around 26 trillion won, or $17 billion.

It included key shares for controlling Samsung, real estate and an art collection of extraordinary value, part of which was donated to public institutions.

This wealth built over decades also reflects South Korea's industrial development, from post-war reconstruction to its position as a global leader in technology.

Taxes as a turning point

What makes this case special is not only the amount, but also the taxation rate.

In South Korea, inheritance taxes can reach up to 50%, even higher for large stakes in companies. In the case of the Lee family, the tax burden was at exactly this level.

This turns the issue into a delicate balance between the state and the large industrial dynasties. Paying such a tax requires careful reorganization of assets and liquidity, without jeopardizing control over the company.

Five years and six installments

The solution was found through a distributed scheme, six payments over five years, from 2021 to 2026. This allowed the family to avoid drastic asset sales, but still required significant financial operations, including share sales, use of dividends and loans.

This was not a common procedure, but a complex and careful management of the transition of wealth.


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