How Samsung ownership may change as heirs take over from late Chairman Lee
South Korea`s powerful Lee family faces a battle to maintain control of Samsung Group, the country`s biggest conglomerate, following the death of patriarch and group Chairman Lee Kun-hee. From the astronomical inheritance tax bill to potential legal obstacles, here are some of the issues the family faces as it seeks to stay on top of the business empire founded back in 1938.
The family is expected to focus on maintaining control of the conglomerate`s crown jewel Samsung Electronics Co Ltd, but family members` combined direct stake ownership is only at 5.8%.