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Samsung’s Lee family to sell $1.2B in shares to pay taxes and loans after Lee Kun-hee’s 2020 death.
The family of Samsung Electronics Chairman Jay Y. Lee plans to sell 17.7 million shares worth about $1.22 billion to help cover inheritance taxes and loan repayments tied to the 2020 death of founder Lee Kun-hee, according to a regulatory filing.
The sale, managed by Shinhan Bank and expected by April 2026, comes as Samsung’s stock has surged over 84% this year, boosted by major chip supply deals with Tesla, OpenAI, and anticipated contracts with Nvidia.
The move has raised concerns among retail investors, who hold a significant portion of the stock and have watched the company’s rally with anticipation.
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La familia Lee de Samsung venderá $1.2B en acciones para pagar impuestos y préstamos después de la muerte de Lee Kun-hee en 2020.