Samsung heirs donate massive art trove to help clear inheritance tax bill
Samsung’s founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, to help them pay a massive inheritance tax bill following the death of company chairman Lee Kun-Hee last year.
They will also give hundreds of millions of dollars to medical projects and research in an apparent attempt to improve their public image as they proceed with a multi-year plan to inherit both the wealth and corporate power of South Korea’s richest-ever businessman.
