Seoul | The family of late Samsung patriarch Lee Kun-hee has pledged billions of dollars in healthcare spending and art donations and vowed to pay $US11 billion ($14.2 billion) in one of the world’s biggest-ever inheritance tax bills.
Following Mr Lee’s death in October, South Korea’s most powerful family was given six months to inform tax officials of how they would deal with the estate of the country’s wealthiest man, including a 60 per cent inheritance tax bill on his $US20 billion fortune.
