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Most of the other contents were announced today (28th), but it was not disclosed who will receive the shares of Samsung affiliates left by Chairman Lee Kun-hee.



Reporter Han Sang-woo pointed out how the stakes will be organized, which may affect the Samsung Group's governance structure in the future.



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Vice Chairman Lee Jae-yong only owns 0.7% of Samsung Electronics.



Vice-Chairman Lee indirectly controls Samsung Electronics through financial affiliates such as Samsung Life Insurance along with Samsung C&T, the major shareholder.



This is why the direction of the 4.18% stake in Samsung Electronics and 20.76% of Samsung Life Insurance left by the late Chairman Lee Kun-hee is important.



According to the legal inheritance ratio, Mrs. Hong Ra-hee will have 33%, Lee Jae-yong, Lee Bu-jin, and Lee Seo-hyun, each of the three siblings will have 22%, but there are many expectations that the business world will be rearranging the stakes in order to increase the vice chairman's control of Samsung Electronics.




Many of the shares of Samsung Electronics of late Chairman Lee are handed over to Vice Chairman Lee to increase the share of electronics, and plans to share the shares of Samsung Life Insurance with four members of the family will be discussed.



However, the huge burden of inheritance tax is a variable.



In order to finance the inheritance tax, President Lee Bu-jin and Chairman Lee Seo-hyun also need a stake in Samsung Electronics.



[Myung-Hyun Cho/Professor of Business Administration, Korea University: The thing that is highly likely to not drive (share) is that you will have to pay the inheritance tax in the future. If Samsung Electronics increases its dividend a little more, it will be possible to pay the inheritance tax for the next five years by adding a little more from the dividend.]



In addition, if the amendment to the law restricting the shares of financial affiliates is passed, only within 3% of Samsung Life's total assets. Since it can hold a stake, it is necessary to dispose of a significant portion of Samsung Electronics' current 8.5% stake.



Vice-Chairman Lee's control of Samsung Electronics could be cut off.



For this reason, there is also a prospect that the Samsung family will be in a hurry to divide the stake while watching the status of the law amendment.



While there is a disagreement among the bereaved regarding the share split ratio, Samsung said it will disclose the share split details sooner or later.



(Video editing: Jihye So)