Jaeyong Lee, Vice Chairman of Samsung Electronics. Photo = Yonhap News
As the late Samsung Group chairman Lee Kun-hee, who was’the number one stock-rich in Korea’, has set the scale of the inheritance tax on stock property to 11 trillion won, it is expected that Samsung will have a great influence on the stock property of the bereaved family. Jaeyong Lee Samsung Electronics(81,000 +3.45%) Whether the vice chairman inherits all of the stocks to reflect the super-rich wealth of nearly 30 trillion won or only half of the stocks according to the legal inheritance ratio, the industry is interested both inside and outside the industry.
The key is whether or not a will… If you drive your stake to vice chairman Lee Jae-yong
According to the related industry on the 31st, as of the 22nd, the amount of inheritance tax on the stock property of Chairman Lee Kun-hee was finalized at 11,366 billion won. Chairman Lee Kun-hee’s heirs may know the share split ratio internally, but there is no known outside of the company, and market participants are making speculation.
CXO Korea Research Institute (Director, Yoo Sun), which specializes in corporate analysis, pointed out that the most important factor in Samsung’s inheritance issue is the existence of Chairman Lee Kun-hee’s will. In 2014, when Chairman Lee Kun-hee fell, the value of Lee’s stock assets was around 10 trillion won, which is half of the current value, so even if he left a will, there are opinions that a separate agreement between the bereaved family needs to be drawn.
If Chairman Lee’s will exists, 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 of empowering Samsung Electronics by handing over all shares of Samsung Electronics to Vice Chairman Lee.
According to Korea CXO Research Institute, if Jae-yong Lee, vice chairman of Samsung Electronics, inherits all of the shares of Samsung Electronics, the value of the stock property alone will reach 19.39 trillion won (as of the 24th of this month). In addition, when Vice Chairman Lee’s stock assets worth 9 trillion won are added, the total will exceed 28 trillion won. This is the birth of the country’s first stock-rich wealth of nearly 30 trillion won.
This is a level that exceeds the record valuation of 22.29 trillion won by Chairman Lee Kun-hee, and is close to 34 trillion won for the Arab royalty Sheikh Mansour.
However, if all of Samsung Electronics’ shares are transferred to Vice Chairman Lee Jae-yong, the burden of inheritance tax to be paid also increases. During the four months, two months before and after Chairman Lee Kun-hee passed away, the average stock valuation of Samsung Electronics reached 15.57 trillion won. In other words, the stock inheritance tax on the shares of Samsung Electronics is about 9.6 trillion won. Vice-Chairman Lee is likely to pay 1,508.6 billion won, equivalent to a sixth of the previous year, as inheritance tax next year, and then pay the same amount in annuity for five years.
Samsung scams blown to Samsung office building in Seocho-gu, Seoul. Photo = Yonhap News
If you divide the stake by the legal ratio… Ms. Rahee Hong entered the Group 10 Club
Since there is no will, there is a possibility that stock shares are divided and inherited according to the legal inheritance ratio.
Currently, the number one inheritance of the Samsung family is one spouse and three children, a total of four. In the case of inheriting shares according to the legal inheritance ratio (based on the closing price on the 24th), Rahee Hong’s stock assets amounted to 7,877.7 billion won. The three children, including Vice Chairman Lee Jae-yong, were rated at 5.25 trillion won per individual.
Of course, if Chairman Lee Kun-hee’s real estate and cash assets are added, the actual inherited assets will increase.
If Chairman Lee Kun-hee’s bereaved shares share shares according to the legal inheritance ratio, there will be a change of perception in the ranking of domestic stock-rich people. Vice Chairman Lee Jae-yong will take over the throne of domestic stock-rich people. Vice-Chairman Lee, Samsung C&T(138,000 +1.10%), Samsung Electronics, Samsung SDS(178,500 +0.56%) Etc.
Mrs. Hong Ra-hee will be listed in the stock-rich 10 trillion club, taking second place after Vice Chairman Lee. When Ms. Hong’s existing Samsung Electronics stock value is added, the stock property alone will exceed 12 trillion won.
President Lee Bu-jin and Chairman Lee Seo-hyun are also expected to join the ranks of the third-largest stocks. President Lee and Chairman Lee currently hold the same stocks in Samsung C&T (10,4566,450 shares) and Samsung SDS (301,8859 shares). If Chairman Lee’s inherited interests are added, they will be transformed into 6.9 trillion won in stock assets. During the same period, Chung Mong-koo Hyundai Motor Company(192,000 +0.79%) Honorary Chairman (4.89 trillion won), Beomsoo Kim Kakao(389,500 +1.30%) The chairman (4.67 trillion won) is far exceeding the stock property.
“Samsung Electronics and Samsung Life Insurance(79,100 0.00%) “How much of the stake will be returned to who of the heirs is an extremely important concern,” he said. “Accordingly, it is expected that it will have some influence on the speed of separation of affiliates as well as domestic stock property rankings.”
Chae Seon-hee, Hankyung.com reporter [email protected]