Lee Jae-yong

Hong Ra-hee, widow of late Samsung Group Chairman Lee Kun-hee, sold a stake in Samsung Electronics worth nearly 3.1 trillion won ($2.1 billion) to complete the family's inheritance tax payments. The block sale of 15 million shares ends a five-year installment plan totaling 12 trillion won that began in April 2021. The move is expected to ease financial pressure, potentially accelerating Chairman Lee Jae-yong's 'New Samsung' growth strategy.