Former Vice President Cho Hyun-ah Sells Hanjin KAL Shares Worth 18.7 Billion KRW
[Asia Economy Reporter Han Jinju] Former Korean Air Vice President Cho Hyun-ah sold Hanjin KAL shares worth 18.7 billion KRW.
According to the Financial Supervisory Service's electronic disclosure system on the 14th, former Vice President Cho sold 300,000 shares of Hanjin KAL on the 7th.
She sold the shares at 62,457 KRW per share, securing approximately 18.7 billion KRW in cash. Her stake in Hanjin KAL decreased from 5.39% last month to 4.44% this month.
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It is possible that she sold the shares to pay inheritance tax during the process of inheriting shares from her late father, Chairman Cho Yang-ho. It is known that under the installment payment system, she must pay several billion KRW in inheritance tax annually, totaling hundreds of billions KRW.
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