If the late Chairman Lee Kun-hee’s shares of Samsung Electronics are all inherited by Samsung Electronics Vice Chairman Lee Jae-yong, the stock value will be close to 30 trillion won, but if the stock is inherited according to the legal inheritance ratio, it will be around 14 trillion won. Came out.
It was analyzed that the transfer of shares of Samsung Electronics held by Chairman Lee Kun-hee will have a great influence on the future wealth of the bereaved family.
On the 31st, the Korea CXO Research Institute, which specializes in corporate analysis, announced on the 31st that it was derived from the’Scenario Analysis of Expected Scenarios for the Size of Equity Assets by Situation by Samsung’ The stock valuation is based on the closing price on the 24th of this month.
As of the 22nd, the amount of inheritance tax on the stock property of Chairman Lee Kun-hee was finalized. The stock property inheritance tax that Chairman Lee’s family must pay is 11,366 billion won. As the size of the inheritance tax was decided, the issue of interest shifted to who would pay and how much for each heir.
This is a very sharp and sensitive issue for the heirs because it is directly related to what proportion of the shares held by Chairman Lee Kun-hee is divided.
The CXO Research Institute explained that the heirs of Chairman Lee Kun-hee internally know the share split ratio, but external investors and others cannot know any related information, so they can only make predictions at this time.
There are conflicting opinions on the existence of Chairman Lee Kun-hee’s will. Some say that even in early 2014, the value of the stock assets held by Chairman Lee Kun-hee was around 10 trillion won, which is about half of the current level, so even if he left a will, there is an opinion that it is necessary to draw a separate agreement between the bereaved family after his death.
■ If Lee Jae-yong passes all shares of Samsung Electronics, stock assets close to 30 trillion
In the presence of Chairman Lee Kun-hee’s will, it is highly observed that more stocks will be returned to Vice Chairman Lee Jae-yong in the market. In order to lead Samsung Electronics, a core subsidiary of Samsung, there is a high possibility that it will empower him by handing over all of Samsung Electronics’ shares to Vice Chairman Lee.
In fact, when Vice Chairman Lee Jae-yong inherits all of Samsung Electronics’ shares, the stock property value alone is worth 1.93 billion won (as of the 24th of this month). In addition, the total amount of stocks worth 9 trillion won, which Vice Chairman Lee held, will exceed 28 trillion won. In Korea, the birth of a super stock wealthy, which is close to 30 trillion won, is entering the countdown. This is a level that far exceeds the record-highest stock valuation recorded by Chairman Lee Kun-hee of 22.29 trillion won, and is close to 34 trillion won for the Arab royalty Sheikh Mansour.
When all of Samsung Electronics’ shares are transferred to Vice Chairman Lee Jae-yong, the burden of inheritance tax to be paid also increases. The average stock valuation of Samsung Electronics for four months, two months before and after the death of Chairman Lee Kun-hee, was 15,576.6 billion won. The stock inheritance tax on Samsung Electronics’ shares alone is about 9.6 trillion won. Vice-Chairman Lee is likely to first pay 1/6 trillion won as inheritance tax next year, and then pay the same amount for five years.
For Vice-Chairman Lee, the fact that all of Samsung Electronics’ stakes are passed on the contrary means that there will be less wealth to return to other bereaved families. This is because more than 80% of Chairman Lee Kun-hee’s stock assets are Samsung Electronics stocks. In this case, Samsung Life Insurance and Samsung C&T have a total of 4.2 trillion won worth of stock assets, and the inheritance is decided by Mrs. Hong Ra-hee, President Lee Bu-jin, and three Chairman Lee Seo-hyun. It is a big difference compared to the stock property that will return to Vice Chairman Lee.
■ In the case of inheritance at the legal inheritance ratio, 8 trillion won to Mrs. Hong Ra-hee… Three children expect 5 trillion each
Since there is no will, it is possible to think of a plan to divide and inherit stock shares according to the legal inheritance ratio. Actually, Hanjin Group is one of these examples. It was expected that a will would exist after the late Chairman Yang-ho Cho’s sudden death, but in reality, Chairman Cho Won-tae and his bereaved family shared their shares according to the legal inheritance ratio.
Before his death, Chairman Cho Yang-ho had 14130 shares of Korean Air (based on common stock). This was done. Korean Air preferred stocks were also inherited at the same rate. In Hanjin Kal, the 10,55,532,58 shares that Chairman Cho Yang-ho had were given to Ms. Ms. Lee Myung-hee (29.76%) and 2.47 million,707 shares (23.41%) to their three children, including Chairman Cho Won-tae. Due to other properties, Hanjin Kal’s stocks were found to be slightly different from the actual legal inheritance ratio.
Like the Hanjin family, the Samsung family has a total of 4 people with 1 spouse and 3 children. If the stock shares are divided according to the legal inheritance ratio, the spouses will divide the stocks at a ratio equal to 3/9 (33.33%) and children 2/9 (22.22%).
If the Samsung Family divides the shares of Chairman Lee Kun-hee according to the legal inheritance ratio, how much will each bereaved’s stock assets be? In this regard, when calculated at the closing price on the 24th, Mrs. Hong Ra-hee’s stock assets amounted to 7,867.7 billion won, and the three children, including Vice Chairman Lee Jae-yong, were valued at 5,245 trillion won per person.
If Mrs. Hong Ra-hee inherits shares according to the legal inheritance ratio, it will take over 8,309,1067 shares, which is three-ninth of Samsung Electronics’ shares held by Chairman Lee Kun-hee of 249,273,200 shares. On the 24th, the stock property of Mrs. Hong Ra-hee, which was multiplied by the stock price of 7800 won per common share of Samsung Electronics, amounted to 6,464.4 billion won.
Of the 4151,9180 shares of Samsung Life Insurance, 13,8339725 shares belong to Mrs. Hong Ra-hee. This alone is a stock property worth 1,1362 trillion won. In addition, Rahee Hong’s stock assets are also added to Samsung C&T (1.8 million 8577 shares), Samsung Electronics preferred shares (20,6633 shares), and Samsung SDS (3234 shares). The stock assets of these stocks are worth 251.3 billion won for Samsung C&T, 15 billion won for Samsung Electronics preferred stocks, and about 600 million won for Samsung SDS.
Assuming that Chairman Lee Kun-hee receives three-ninths of the stock property by Mrs. Hong Ra-hee, according to the legal inheritance ratio, the stock value is close to 8 trillion won as of the 24th. In this case, among the heirs, the inheritance tax that Ms. Hong has to pay is the largest. The inheritance tax to be paid by Mrs. Hong Ra-hee is 4.12 trillion won, which is three-ninth of 11.36 trillion won. Even if you inherit 8 trillion won worth of stock property and pay 4 trillion won in inheritance tax, you will have 4 trillion won worth of wealth. If carried out as it is, there is a high possibility that Mrs. Hong Ra-hee will first pay 6687 billion won in inheritance tax next year and pay the same amount over the next five years.
Unlike Mrs. Hong Ra-hee, Vice Chairman Lee Jae-yong, Lee Bu-jin, and Chairman Seo-Hyun Lee, respectively, Samsung Electronics (55,390,039 shares), Samsung Life Insurance (92,268,484 shares), Samsung C&T (1.2 million, 5718 shares), and Samsung Electronics’ preferred shares (13,7756 shares). , Samsung SDS (2156 shares) returns the shares of Chairman Lee Kun-hee at a ratio of 2/9.
The stock value of each stock (based on the closing price on the 24th) is Samsung Electronics’ highest at 4.309.6 billion won, Samsung Life Insurance (757.4 billion won), Samsung C&T (1675 billion won), Samsung Electronics’ preferred stock (10 billion won), and Samsung SDS (3 billion won). KRW 100 million) in that order. The combined stock valuation of the five stock stocks is 5,245.1 billion won. Excluding Mrs. Hong Ra-hee, it is calculated that the three children each inherit 5 trillion won worth of stock property.
The inheritance tax on stock property that each of the three children must pay if the shares are handed over according to the legal inheritance ratio was calculated to be worth 2,674.8 billion won. Next year, each individual must pay 4458 billion won first and pay the same inheritance tax for five years. Unlike when Samsung Electronics inherits all shares, if shares are inherited according to the legal inheritance ratio, vice chairman Lee Jae-yong’s inheritance tax burden drops from 9 trillion won to 2 trillion won, reducing the inheritance tax burden.
In particular, President Lee Bu-jin and Chairman Lee Seo-hyun are expected to take a breather in raising funds to become independent as Samsung’s satellite group in the future as they are able to form a fortune of about 2.8 trillion won per individual despite paying an inheritance tax.
Until Chairman Lee Kun-hee was admitted to the hospital, Lee Bu-jin, who was called Little Lee Kun-hee, had expected to take over the defense and chemical-affiliated companies, but the sale of related companies to the Hanwha Group brought about a major change in the succession structure. In the future, there is a possibility that Lee Bu-jin will be divided into hotels, trading companies, distribution and leisure fields, and Chairman Lee Seo-hyun will be divided into fashion, advertisement and media businesses.
Even if President Boo-jin Lee and Chairman Seo-Hyun Lee dispose of shares of Samsung Electronics and Samsung Life Insurance to declare independence as a satellite group, the influence of Vice Chairman Lee Jae-yong’s share is expected to remain unchanged if shares are purchased from Samsung affiliates. In addition, since the shares of core affiliates, which the bereaved family share, are classified as related parties of the largest shareholder, the influence of the shares will remain the same for the time being.
Of course, if Chairman Lee Kun-hee’s real estate and cash assets are added, the actual inherited assets will increase.
■ Jaeyong Lee, if you are sure to be the number one stock-rich in Korea 2nd place is expected by Rahee Hong
If Chairman Lee Kun-hee’s bereaved shares share shares according to the legal inheritance ratio, there will be fluctuations in perception of the ranks of domestic stock-rich people. The most striking change is that Samsung Electronics Vice Chairman Lee Jae-yong will take over the throne of the domestic stock-rich. Mrs. Hong Ra-hee is expected to take the second place, and President Lee Bu-jin and Chairman Lee Seo-hyun are also expected to join the ranks of third-place stocks.
Vice Chairman Lee Jae-yong has previously held a number of stakes in Samsung C&T, Samsung Electronics, and Samsung SDS. As of the 24th of this month, Samsung C&T’s stock valuation was KRW 4,541.7 billion, and Samsung Electronics was KRW 3,269.1 billion, and Samsung SDS was KRW 1,2774 billion, which was more than KRW 1 trillion. The total value of the stakes held by Samsung Fire & Marine Insurance, Samsung Engineering, and Samsung Life Insurance was valued at 9,146.4 billion won. If you add 5,245 trillion won in the value of the stake to be transferred according to the legal inheritance ratio in the future, it will rise to the throne of Korea’s highest stock-rich at 14,391.5 billion won.
In the same way, Mrs. Hong Ra-hee can be named in the stock-rich 10 trillion club by exceeding 12 trillion won by adding inherited stock assets exceeding 7,800 billion won to the existing Samsung Electronics stock value of 4,2131 billion won. After his son Jae-yong Lee, Vice Chairman, he will become the number 2 stock-rich.
Related Articles
How to finance the late Chairman Lee Kun-hee 11 in inheritance tax
The late Lee Kun-hee stock inheritance tax is 11,366 billion… Largest ever
Only Samsung inheritance tax is ’10 trillion’… “In 19 years, the inheritance tax burden increased by 7.1 times”
Lee Kun-hee’s stock property 22 兆’highest ever’… likely to reach 11 trillion in inheritance tax
President Boo-jin Lee and Chairman Seo-Hyun Lee hold the same stocks in Samsung C&T (10,4566,450 shares) and Samsung SDS (301,8859 shares). The stock valuation of the two stocks was valued at 1,453.4 billion won on the 24th. If you add up to 5,245.1 billion won worth of the shares to be inherited at the legal inheritance ratio, it transforms into a stock asset price of 6.69 trillion won. During the same period, Hyundai Motor Company’s honorary chairman Chung Mong-koo was KRW 4.89 trillion and Kakao Chairman Kim Beom-soo was 4.67 trillion KRW.
“In the future, depending on whether or not there is a will of Chairman Lee Kun-hee in the future, it is inevitable that Samsung will be very sensitive because the amount of property that will be inherited by each heir is determined.” “In particular, how much of Samsung Electronics and Samsung Life Insurance Land is a very important concern, and accordingly, it is expected that it will have some influence on the ranking of domestic stock properties as well as the speed of division of Samsung’s affiliates.”