Samsung family has now fully settled the $8 billion inheritance tax tied to the estate of late Chairman Lee Kun-hee, wrapping up a multi-year obligation that reshaped both the company’s leadership era and its public image.

Roughly 12 trillion won, or about $8 billion, has been paid over five years through six installments. The process began in 2021 and quietly concluded this year. The amount is about 50 percent higher than Korea’s entire inheritance tax revenue in 2024.

The payments were handled by the late chairman’s immediate family, including Samsung Electronics Chairman Lee Jae-yong, along with Hong Ra-hee, Lee Boo-jin, and Lee Seo-hyun.

For Samsung, this was never just about clearing dues. It was about stabilizing ownership, maintaining control, and ensuring a smooth transition at the top of one of the world’s most influential tech conglomerates.

Parallel to these payments, the family committed around 1 trillion won to public welfare, particularly in healthcare. A major portion went into building Korea’s first dedicated infectious disease hospital through the National Medical Center.

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