Samsung Family's Hong Ra-hee, Lee Boo-jin, and Lee Seo-hyun... Housing Loan Debt Increases by 2.2 Trillion Won

Inheritance Tax Payment Stock-Backed Loans Double in One Year
LG and SK Also Increase, Preferred as No Impact on Management Rights

Former Leeum Museum Director Hong Ra-hee, Hotel Shilla President Lee Boo-jin, and Samsung Welfare Foundation Chairperson Lee Seo-hyun, the three daughters of the Samsung family, have increased their stock-collateralized loan amounts by more than 2 trillion won over the past year.

According to the corporate analysis institute 'Leaders Index,' as of the 4th, all three daughters of the Samsung family currently have loans secured by stocks, with the combined amount increasing by over 2 trillion won in one year.

Excluding Samsung Electronics Chairman Lee Jae-yong, the stock-collateral ratio of the three daughters?former Director Hong, President Lee Boo-jin, and Chairperson Lee Seo-hyun?doubled from 20.2% last year to 40.4% this year. The collateral loan amount rose from 1.8871 trillion won to 4.0781 trillion won, an increase of 2.191 trillion won (116.1%).

Former Leeum Museum Director Hong Ra-hee (center), Lee Boo-jin, President of Hotel Shilla (right), and Lee Seo-hyun, Chairperson of Samsung Welfare Foundation.
[Image source=Yonhap News]

The loan amount appears to be for the payment of inheritance tax for the late former Chairman Lee Kun-hee. In the case of Chairman Lee Jae-yong, there are no stock-collateralized loans except for deposits made for installment tax payments.

The group with the second-largest increase in stock-collateralized loan amounts after the Samsung family is LG. The LG Group owner family’s stock-collateralized loan amount increased from 128.8 billion won last year to 274.7 billion won this year, a total increase of 145.9 billion won.

The SK Group’s owner family, consisting of 10 members, currently has loans amounting to 557.5 billion won secured by 51.8% of SK and SK Discovery stocks they hold. This is an increase of 60.8 billion won compared to the previous year.

Additionally, the Hansol Group owner family’s stock-collateralized loan amount increased by 43.3 billion won compared to the previous year, and the Nongshim Group also saw an increase of over 20 billion won. In the case of Nongshim Group, it is reported that Shin Dong-yoon, chairman of the Yulchon Society, took an additional loan of 14.2 billion won to pay inheritance tax.

According to Leaders Index, among 82 major domestic conglomerates, a survey of stock-collateral status of owner families in 72 groups with heads revealed that in 36 groups, at least one owner family member has taken out loans secured by their stocks.

Meanwhile, the reasons owner families take loans secured by stocks vary, including funding for business operations, succession funds, and other tax payments. Since only property rights are pledged as collateral and voting rights can be retained, funds can be raised without significantly hindering the exercise of management rights.

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