The late chairman of Samsung Group's widow is selling 15 million shares of Samsung stock to settle the estate tax.

On April 9, the widow of the late Samsung Group Chairman Lee Kun-hee, Hong Ra-hee, sold 15 million shares of Samsung Electronics through a block deal. The transaction was priced at 205,237 Korean won per share, with a total transaction amount of nearly 3.1 trillion Korean won. After the sale, Hong Ra-hee's stake in Samsung Electronics decreased from 1.49% to 1.24%. This cashing out marks the conclusion of a five-year estate tax repayment plan for the Samsung family, as Lee Kun-hee left behind an estate tax total of approximately 120 trillion Korean won. Since April 2021, Hong Ra-hee and her children, Lee Jae-yong, Lee Boo-jin, and Lee Seo-hyun, have fulfilled their tax obligations in six installments by selling stakes in group subsidiaries and multiple rounds of share pledge loans. With the final payment made, the long-standing pressure of reducing core equity holdings on the Samsung family is expected to be alleviated.