Hong Rahee Gifts Samsung Electronics Shares Worth KRW 2.6 Trillion to Chairman Lee Jaeyong... Stake to Rise 0.17 Percentage Points

Gift of 11,158,000 Samsung Electronics shares
Lee Jaeyong's holdings to rise to 116.37 million shares

Hong Ra-hee, honorary director of the Leeum Museum of Art, will donate Samsung Electronics shares worth approximately 2.6 trillion won to Samsung Electronics Chairman Lee Jae-yong.

Samsung Electronics disclosed on October 13 that Hong would donate 11,158,000 shares (0.17%) of the company to Lee. Based on Samsung Electronics' closing price that day, the transaction is worth approximately 2.6 trillion won. The donation is scheduled for November 12.

Samsung Electronics Chairman Lee Jaeyong, former Leeum Museum Director Hong Rahee, and Samsung Welfare Foundation Chairwoman Lee Seohyun attend a memorial service on the 25th at the family burial ground in Jangan-gu, Gyeonggi, marking the fourth anniversary of the death of late Samsung Group Chairman Lee Kunhee. Photo by Kim Hyunmin

Lee currently holds 105,219,053 shares of Samsung Electronics, representing a 1.58% stake. Once the donation is completed, his holdings will increase to 116,377,053 shares, raising his stake by 0.17 percentage points to a total of 1.75%.

The business community expects the change in overall ownership to be zero, as this is a transaction between family members, and its impact on the market to be limited.

Last month, Hong sold Samsung Electronics shares worth approximately 1.9374 trillion won to Lee. The sale was believed to be intended to repay loans she had taken out from financial institutions to pay her inheritance tax in full.

In January, Hong also donated all of her Samsung C&T shares—1,808,577 shares, representing a 1.06% stake—to Lee.

This content was produced with the assistance of AI translation services.