7/104 sources · 4 publishersUpdated Oct 13, 13:39 UTC
Samsung Electronics chair receives $1.9 billion share gift from mother
Hong Ra‑hee will transfer 2.6 trillion won of Samsung Electronics shares to her son, Executive Chairman Lee Jae‑yong. The gift of about 11.16 million shares will raise Lee's stake from 1.58% to 1.75% and reduce Hong's holding to 0.82%. The transfer is scheduled for 12 November, and the family will owe an estimated 1.56 trillion won in gift tax.
Why it matters
The increase in Lee's voting stake strengthens his control over Samsung Electronics, which could influence the group’s governance and strategic decisions. The gift tax liability will affect the family’s cash outflows early next year.
Key facts
- 1The gift is valued at 2.6054 trillion won. en.sedaily.com
- 2Lee will receive 11,158,000 common shares. en.sedaily.com
- 3Lee's ownership will rise to 1.75% from 1.58%. en.sedaily.com
- 4The transfer is scheduled for 12 November. en.sedaily.com
- 5Hong's stake will fall to 0.82% from 0.99%. en.sedaily.com
- 6Gift tax is estimated at around 1.56 trillion won. koreatimes.co.kr
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.