Interest in environmental, social and corporate governance (ESG) investments seems to be waning in Korea due to a worsening economic outlook and continuing high interest rates. The trend becomes evident in both money flows observed in domestic exchange-traded funds (ETFs) on the theme of ESG investment, and the funds returns during the past months.
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Samsung Group to minimize changes in governance
Posted : 2021-04-29 17:13
Updated : 2021-04-30 09:13
The late Samsung Group Chairman Lee Kun-hee visits the 2010 Consumer Electronics Show in Las Vegas with his family. Courtesy of Samsung Group
By Baek Byung-yeul
Samsung Group s ownership structure looks to be less affected by the over 12 trillion won in inheritance tax on the late Chairman Lee Kun-hee s fortune as his heirs are seeking to take out bank loans to pay the due taxes.
Samsung said the heirs of the late chairman will pay over 12 trillion won ($10.8 billion) in inheritance taxes. The tax amount, which is one of the largest ever imposed worldwide, will be paid in six installments over the next five years, the heirs added.