How the Samsung Family Recovered $45 Billion in One Year
This article details the financial comeback of the Samsung dynasty after the passing of Lee Kun-hee and the subsequent tax and legal challenges faced by the family.
When Lee Kun-hee, the patriarch behind Samsung Electronics, died in 2020, his dynasty soon dealt with a crisis on two fronts: first, a multibillion-dollar inheritance tax. The following year, his son Jay Y. Lee was jailed after being convicted of bribing South Korea’s former president Park Geun-hye to win support for his succession. At the time, some observers speculated that the sheer scale of one of the world’s largest death levies could threaten the family’s control over the...