By Hyunjoo Jin and Joyce Lee
(Reuters) - South Korea's amazing Lee family faces a fight to keep up control of Samsung Group, the nation's greatest aggregate, following the demise of patriarch and gathering Chairman Lee Kun-hee.
From the galactic legacy charge bill to possible lawful snags, here are a portion of the issues the family faces as it tries to keep steady over the business realm established in 1938.
CROWN JEWEL
The family is required to zero in on keeping up control of the combination's crown gem Samsung Electronics Co Ltd, however relatives' joined direct stake proprietorship is just at 5.8%.
Their outsized control is made conceivable through their shareholding in Samsung Life Insurance, which holds 8.5% of the lead chipmaker, and Samsung C&T Corp, which claims 5%.
Most of the late director's resources were a 4.18% stake in Samsung Electronics, worth around 15 trillion won ($13.3 billion), which the family is relied upon to attempt to acquire altogether.
Beneficiary evident Jay Y. Lee's immediate stake in Samsung Electronics is simply 0.7% yet he practices control basically through his 17.3% stake in Samsung C&T, which thusly is the second-biggest investor of Samsung Life Insurance - a significant investor of Samsung Electronics.
Powerful INHERITANCE TAX If the family acquires Lee's stocks, the absolute assessment bill is assessed to top 10 trillion won ($9 billion). It very well may be paid in portions; one-6th must be paid at first, at that point the rest more than five years, which means yearly installments can surpass $1 billion.
Cash TO PAY THE TAX
The Lee family can sell their stocks in data specialist co-op Samsung SDS and other non-center offshoots to settle the expense.
No comments:
Post a Comment