EFESeoul

The heirs of the late Samsung Group chairman Lee Kun-hee said Wednesday that they will pay more than 12 trillion won (around $10.79 billion) in inheritance tax, a record in South Korea.

"The Family plans to pay the full amount of the inheritance tax over a period of five years in six installments, starting in April 2021," they said in a statement issued by the Samsung Group. EFE