News for hackers. Stuff that matters.

A comment on Samsung's Lee family to pay over $10.8B inheritence tax. Parent comment

Re:Samsung's Lee family to pay over $10.8B inheritence tax by vmception on Wednesday April 28, 2021 @10:23AM (#26969699)
Sounds like a good capital allocation by the government at the time! I'm guessing Samsung paid them back?

Any sectors that the Korean government is funding well or should be funding better these days?

[ Parent | on HN ]
Re:Samsung's Lee family to pay over $10.8B inheritence tax by msg3 on Wednesday April 28, 2021 @10:31AM (#26969793)
I'm not sure about the current situation, but I believe the loans were maintained for a long time to ensure a certain level of government control over the large Chaebols.
[ Parent | on HN ]
Re:Samsung's Lee family to pay over $10.8B inheritence tax by bobthepanda on Wednesday April 28, 2021 @11:54AM (#26970795)
Most of the early stuff probably would have been wound down during 1998 when the Asian Financial Crisis brought down Daewoo and the IMF had to stabilize the government’s spending.
[ Parent | on HN ]