Seoul, April 5 (IANS) The owner family of Samsung Group is set to complete the payment of roughly 12 trillion won ($8 billion) in inheritance taxes on assets left by the late Chairman Lee Kun-hee later this month, industry sources said on Sunday.The payments, scheduled over five years since 2021, mark the end of one of the largest inheritance tax obligations in South Korean history and are expected to ease financial pressures on the family, potentially accelerating Chairman Lee Jae-yong’s push f…
Latest Lee Kun-hee News & Updates
Seoul, Jan 26 (IANS) Samsung Electronics said on Monday it plans to provide treasury shares worth 175.2 billion won ($120 million) to its executives under its excess profit incentive (OPI) system.The South Korean tech giant said in a regulatory filing that it will distribute a total of 1.15 million treasury shares to 1,051 executives under the incentive program, without selling the shares on the market.Under Samsung Electronics’ OPI system, employees can receive up to 50 percent of their annual …
Seoul, Jan 25 (IANS) Lee Jae-yong, chairman of Samsung Electronics Co, has urged the company’s executives not to become complacent despite a sharp rebound in earnings, stressing that the company faces a “last chance” to restore its competitiveness, industry sources said on Sunday.Lee delivered the message during a recent seminar for Samsung Group executives, following the company’s announcement of a record operating profit of 20 trillion won (US$13.8 billion) for the fourth quarter amid a semico…