
Samsung Family Pays Record $8 Billion Inheritance Tax
The family behind Samsung has paid a record $8 billion inheritance tax bill in South Korea, marking the largest such payment in the nation's history. They stated it was their civic duty.
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Samsung family pays off record $8bn inheritance tax bill
The bill is tied to the estate left by the firm's late chairman Lee Kun-hee, who died in October 2020.
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The family behind the South Korean corporate giant Samsung has completed its payment of a 12 trillion won (£6bn; $8bn) inheritance tax bill, the largest such settlement in the country's history.
By Abubakar Ibrahim
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