<Anchor>



I can't help but point to the story of inheritance right away.

Chairman Lee Kun-hee was Korea's number one stock-rich.

Samsung Electronics' stock alone is KRW 15 trillion, and the combined stock of subsidiaries such as product and life is KRW 18,200 billion.

In order for families to inherit this stock, they have to pay more than 10 trillion won in tax.

How to raise this money, how the sons and daughters will share roles, etc. are the parts to be watched from now as Chairman Lee Kun-hee left without organizing.



Reporter No. Gyu organized it.



<Reporter>



Vice Chairman Lee Jae-yong has virtually led Samsung since the fall of the late Chairman Lee Kun-hee.



Right now, succession of management rights, courts related to Gukjeong Nongdan, and restructuring of corporate governance are expected to be the priorities facing Vice Chairman Lee.



Samsung is a structure that maintains control through circular investments in affiliates with Vice Chairman Lee Jae-yong at the peak.



Through Samsung C&T, Vice Chairman Lee controls the group's core subsidiaries, Samsung Electronics and Samsung Life, with only 0.7% and 0.06% stakes in the two companies, respectively.



In order to maintain control, we must inherit the 4.18% stake in Samsung Electronics and 20.76% stake in Samsung Life from the late Chairman Lee Kun-hee.



Chairman Lee's 4% stake in Samsung Electronics amounted to KRW 15 trillion, which is the key to establishing an inheritance tax of several trillion KRW.



The outlook prevails to secure cash by taking stocks as collateral and increasing dividends.



In addition, according to the amendment to the insurance business law currently being promoted by the ruling party, Samsung Life and Fire must dispose of all Samsung Electronics shares, leaving only 3% of their shares.



In that case, the stock to be disposed of is about 20 trillion won only at the current valuation, and the restructuring of the entire group's governance is inevitable.



Therefore, the business community believes that Vice Chairman Lee can inherit shares of Samsung Electronics and C&T and dispose of Samsung Life to some extent.



Vice-Chairman Lee officially announced the abandonment of the 4th generation management through an apology to the public in May and announced the reorganization of corporate governance.



[Jaeyong Lee/Vice Chairman of Samsung Electronics (Last May 7th): Now, we will stop controversy over the succession of management rights.

I am not going to hand over the management rights of the company to my children.]



However, as Vice Chairman Lee is currently being tried on charges of unlawful management succession, it is expected that the reorganization of the governance structure will take considerable time.



(Video editing: Seung-hee Lee, CG: Jin-hoe Choi, Hoe-yoon Jeong)