Samsung group chairman Lee Kun-hee has died

Re:Samsung group chairman Lee Kun-hee has died by Anon1096 on Saturday October 24, 2020 @10:00PM (#24883313)

What happens if they aren't able to sell off the assets at a high enough price to pay the inheritance tax? Does the amount owed scale with how much the assets are actually able to fetch in a mass sell-off like this?

[ Parent | on HN ]

Re:Samsung group chairman Lee Kun-hee has died by H8crilA on Saturday October 24, 2020 @10:32PM (#24883422)

There is absolutely no problem with liquidating a $7B slice of equity in a matter of weeks (probably even days). People don't appreciate just how enormous the capital markets are.

[ Parent | on HN ]

Re:Samsung group chairman Lee Kun-hee has died by LudwigNagasena on Saturday October 24, 2020 @11:59PM (#24883733)

If it is a single stock it may still affect the price. That’s why big sell-offs are usually done over a long period of time, like weeks.

People also don’t appreciate just how small the capital markets are and how much they rely on market makers.

[ Parent | on HN ]

Re:Samsung group chairman Lee Kun-hee has died by H8crilA on Sunday October 25, 2020 @06:27AM (#24885236)

Weeks because you may need an actual human broker to find you counterparties.

[ Parent | on HN ]