Samsung heirs donate massive art trove to help clear inheritance tax bill

Employees walk past a logo of the Samsung Electronics (AP)

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.