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English Inheritance tax that even Lee Jae-yong couldn't avoid..."No. 1 Among OECD countries"

[NewsSpace=JeongYoung Kim] It has been argued that Korea's inheritance tax is excessively high compared to major foreign countries. In the case of Samsung, the inheritance tax of Samsung Electronics Vice Chairman Lee Jae-yong and other owner families was around 12 trillion won after the death of the late chairman Lee Kun-hee. The Korea Economic Research Institute (KERI) revealed this on the 11th through a report titled "Issues and Improvement Directions of the Current Corporate Succession Inheritance Tax System." KERI pointed out that as of 2021, the proportion of inheritance an

김정영 기자

2023-05-13 13:14

English LG Chairman Koo Kwang-mo sues tax authorities... “Return of some of the inheritance tax“

[NewsSpace=JeongYoung Kim] It has recently been revealed that Koo Kwang-mo, the chairman of LG Group, filed a lawsuit with tax authorities claiming that "part of the inheritance tax is excessive." Before paying approximately KRW 720 billion in inheritance tax for LG shares inherited, he raised an objection through the lawsuit. According to sources from the business community on the 16th, Koo filed a lawsuit with the Seoul Administrative Court to cancel the inheritance tax on his inheritance with his mother, Kim Young-sik, and two younger sisters, Koo Yeon-kyung (CEO of LG Welfare Fo

김정영 기자

2023-04-17 23:38