Sunday, 25 Oct 2020 08:18 PM MYT
“Lee is such a symbolic figure in South Korea’s spectacular rise and how South Korea embraced globalisation, that his death will be remembered by so many Koreans,” said Chung Sun-sup, chief executive of corporate researcher firm Chaebul.com. “The leadership he showed will be a great example and courage for our companies as they overcome the crisis and challenges ahead amid difficult times we’re under due to the coronavirus,” President Moon was quoted as saying to the Lee family, according to the presidential office.
Lee owns 20.76 per cent of the insurance firm and is the biggest individual shareholder of Samsung Electronics with a 4.18 per cent stake. “For Jay Y. Lee, getting the most of that stake Lee Kun-hee holds is more important than ever,” Ahn said. “The key here is with taxes. Coming up with enough taxes related to inheritance and avoiding possible disputes with his sisters are major hurdles.”
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