So far, Li Fuzhen and her family have borrowed 1.7 trillion won, and it is estimated that they need to pay about 5 billion won in interest every month. It is reported that the chairman who died last year left about 26 trillion won, of which about 60% will be returned to the society through taxes. Families who have lost their loved ones must pay about 65,438+02 trillion won in taxes on their inherited property, including shares worth 65,438+09 trillion won.
Li Fuzhen is estimated to pay 2.6 trillion won in inheritance tax, while her brother, Lee Jae-yong, vice chairman of Samsung Electronics, is the only son of the late chairman, who is estimated to owe 2.9 trillion won, and his sister, Li Ruixian, head of Samsung Welfare Foundation, owes 2.4 trillion won. Their mother Hong Laxi, the widow of the late chairman, will pay 3. 1 trillion won in taxes.
In order to pay the unprecedented inheritance tax, the family began the process of selling shares. Earlier last month, Hong Lei, the largest individual shareholder holding 2.3% shares of Samsung Electronics, signed a trust contract with KB National Bank to sell most of its shares. She also borrowed 65,438+0 trillion won from other banks and securities companies, with Samsung Electronics shares as collateral. Lee, CEO Lee Silla Hotel also signed a contract with the bank to sell her shares in Samsung SDS, while Lee Seo-hyun sold her shares in Samsung Life Insurance and Samsung SDS.