This residence in Seoul’s Yongsan district was sold for 22.8 billion won by four heirs of the late Samsung chairman, including his widow and three children. - Yoo Sung-hyun/Herald Biz
SEOUL: The heirs of the late Samsung Group chairman Lee Kun-hee have sold a luxury property in central Seoul for 22.8 billion won (US$16 million), in what appears to be part of a broader effort to pay South Korea’s largest-ever inheritance tax bill.
According to data from the Ministry of Land, Infrastructure and Transport’s official property transaction database, the sale was finalised on June 13.
