Hotel Shilla CEO Lee Boo-jin, the daughter of late former Samsung Group Chairman Lee Kun-hee, is seeking to sell over 5.2 million Samsung Electronics shares in an after-hours block deal, according to market sources, Tuesday. The 447 billion won ($330 million) to be cashed will be used to pay part of the inheritance tax total of 12 trillion won levied on the family, which will be paid in five yearly installments throughout next year.
Lee Boo-jin, the president and chief executive of Hotel Shilla, will reportedly sell some 440 billion won ($325 million) in Samsung Electronics stock, in an apparent bid to pay off her inheritance tax. Industry sources revealed Tuesday that Lee, a member of the Samsung Group founding family, is assessing buyer demand for a block deal involving 5,247,140 shares in the tech giant. Should the sale proceed, her sharehold.
From snow-capped mountains and serene seascape to bustling urban settings, we've picked six remarkable accommodations in South Korea popular amongst locals for your next getaway
The country s top 10 richest female shareholders in terms of dividend income reported a nearly nine-fold increase in their dividend incomes compared with 10 years ago, data showed, Tuesday.
Shinsegae International, an affiliate of Korea’s retail giant Shinsegae Group, is set to reintroduce The Row, an American luxury fashion brand, to the Korean market with a new store opening at Shinsegae Department Store s Gangnam branch in southern Seoul on March 20.