Samsung Chairman buys $1.4 billion stake from mother, covering inheritance tax

Samsung Electronics Chairman Lee Jae-yong will acquire a $1.4 billion stake from his mother, Hong Ra-hee.

The purchase increases Lee’s direct ownership in the company to 1.58%.

This transaction helps the Lee family fund a multi-trillion won inheritance tax following former chairman Lee Kun-hee’s death.

Samsung also opened an advanced chip research facility in Yokohama, Japan.

The hub focuses on next-generation packaging technology for high-performance AI chips.

This facility aims to strengthen cooperation between Samsung and Japanese semiconductor firms.