South Korea's richest person and chairman of the Samsung Group Lee Kun-hee officially died. RIP
It is a rumor is that Lee is dead in 2014 and in the hospital. The Inheritance tax of South Korea to blame for all the confusion. the tax rate for inheritance tax varies between 10 and 50 percent depending on the value of the property inherited. In that case, 50% Lee's possession about $7-8billion will be moved to tax man( as $15billion in the next worth of Samsung)~~
Unanswered questions:
Curious to know what is the arrangement between the inheriters
Samsung does manage to get a deal from the South Korean government. They are lobbying it for the past few years.
Is the Samsung group going to split?
Things to watch out:
Good that Lee "died" on a weekend. Let's see what the market does for tomorrow
Does this will have an impact on Crypto?
Ref:
Lee Kun-hee, who made South Korea's Samsung a global powerhouse, dies at 78