Lee Kun-hee’s stakes in Samsung and affiliates divided among his family

On October 25, 2020, Lee Kun-hee. the man who transformed Samsung into the world’s largest consumer product maker, specifically into smartphones, televisions, and memory chips maker, passed away at the age of 78.

Earlier today, the company’s C&T decision submitted a document to the regulatory authorities, which shows that after Samsung VC Jay Y. Lee’s inherited the shares of his father Lee Kun-hee, Lee Kun-hee Jae yong’s shareholding in Samsung Electronics has doubled to 1.63%, reports Reuters.

Previously Lee held 0.7% of Samsung Electronics, but after inheriting Lee Kun-hee’s legacy, his share of the company has increased to 1.63%. At the same time, Li Jianxi’s wife Hong Ra-hee’s shareholding increased to 2.3%, and his two daughters each received 0.93% of the shares.

However, the industry has been speculating in the previous months that how Lee Kun-hee’s shares in Samsung will be distributed among his heirs. This week, his family announced a long-awaited plan by the industry, which will pay around $11 billion in one of the largest inheritance taxes in history and donate 1 trillion won for use in medical facilities.

Lee Kun-hee owns 249,273,200 common shares (4.18%) and 619,900 preferred shares (0.08%) of Samsung Electronics, 41519180 shares (20.76%) of Samsung Life Insurance, 5425733 shares (2.88%) of Samsung C&T, and 9701 shares (0.01%) of Samsung SDS. The total value of all these stocks is approximately 24 trillion won.

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