Samsung heirs agree to pay €9bn inheritance tax bill 

Vast private art collection also to be handed over to state curators

The late Samsung chairman Lee Kun-hee. His passing, last October, left his family and heirs with an inheritance tax bill of around €9bn. 

The family of late Samsung chairman Lee Kun-hee has said it will pay over 12 trillion won (€9bn) in inheritance tax for his estate and donate his vast private art collection to state curators.

Lee, who is credited with transforming Samsung into the world's largest smartphone and memory chip maker, died last October with an estate local media valued at around 26 trillion won.