SEOUL -- The family of late Samsung Electronics Chairman Lee Kun-hee announced on Wednesday that it will pay inheritance taxes totaling more than 12 trillion won ($10.8 billion), though refrained from saying how his stock holdings will be divided up -- key to its control of the broader conglomerate.
Technology
Samsung Lee clan to pay nearly $11bn inheritance tax over 5 years
But stock distribution -- key to control of huge conglomerate -- not announced
The family that controls Samsung says it will pay nearly $11 billion in inheritance taxes on the estate of late Chairman Lee Kun-hee. © Reuters
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