Oct. 25 marks the first anniversary of the death of Samsung Group Chairman Lee Kun-hee. During the past year, the bereaved family handled a huge task: paying 12 trillion won ($10.1 billion) in inheritance tax. The family, which obtained loans to pay the tax, recently decided to sell 2 trillion won worth of shares. The story has turned the spotlight on Korea’s high inheritance tax, which the business circle says hampers entrepreneurship, and has prompted the government to consider revising the taxation system.



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