Samsung CEO to buy 1.9 tn won shares

Samsung Electronics announced that its Chairman, Jay Y. Lee, plans to purchase 1.9 trillion won worth of shares from his mother, Hong Ra-hee, in a transaction scheduled to be completed on October 12, 2026. This move is part of efforts to reorganize family ownership within Samsung following the family paying a record inheritance tax of 12 trillion won on the estate of the late group's leader, Lee Kun-hee. These actions help strengthen the family's control over the company, as Samsung benefits from the booming demand for AI chips, with global companies leading the technological race in this field.

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