Announcement of Lee Kun-hee's inheritance details on the 28th... Social contribution plan revealed

[Asia Economy Reporter Oh Hyung-gil] The Samsung family will announce the inheritance details of Chairman Lee Kun-hee's Samsung estate on the 28th.

The inheritance details are expected to include a social contribution plan worth trillions of won, including art donations and private fund contributions, along with the disclosure of the stock distribution plan, which accounts for a significant portion of Chairman Lee's estate.

According to the business community on the 27th, as the deadline for filing and paying inheritance tax on Chairman Lee Kun-hee's estate (the 30th of this month) approaches, the Samsung family will reveal the inheritance details on the 28th.

The Samsung family has decided to donate more than 10,000 pieces of artwork from the so-called "Lee Kun-hee Collection," which is appraised at between 2.5 trillion and 3 trillion won, and is proceeding with donation procedures with institutions such as the National Museum of Modern and Contemporary Art, the National Museum of Korea, and regional art museums.

The art community estimates the donation scale of the Lee Kun-hee Collection to be worth between 1 trillion and 2 trillion won based on appraisal value.

A portion of Chairman Lee's private funds will also be returned to society. In 2008, during the special prosecutor's investigation into Samsung's slush funds, Chairman Lee stated, "Among the real-name converted proxy assets, I will pay fines and unpaid taxes and use the remainder for beneficial purposes." This amount is estimated to be around 1 trillion won.

The method of private fund contribution is expected to involve the establishment of a foundation under Chairman Lee's name or donations to existing Samsung foundations such as the Samsung Life Public Welfare Foundation and the Samsung Cultural Foundation.

This content was produced with the assistance of AI translation services.