Why a $15,000,000,000 inheritance can bankrupt you in SOUTH KOREA? – VisualPolitik EN

By the time we make this video, LEE KUN HEE, the president of SAMSUNG, will have spent more than 4 years hidden in a South Korean hospital, and nobody dares to reveal if he is dead or alive. The reason? His son will get an inheritance that goes between $10B and $15B… and he will have to pay a 65% tax on this.
But why is this a problem? In this video we tell you the story.

Other videos from VisualPolitik

How did SOUTH KOREA become so RICH?
https://www.youtube.com/watch?v=6Ro6FlHe5eQ&t=1s

Why is South Korea Censoring the Internet?
https://www.youtube.com/watch?v=ufernGpmNkY

Why do JAPAN and KOREA get on so BADLY
https://www.youtube.com/watch?v=bgiyW-l8TEY&t=89s

Interesting links:

http://www.businesskorea.co.kr/news/articleView.html?idxno=30740

https://www.bloomberg.com/news/articles/2019-05-21/samsung-s-founding-family-faces-a-7-billion-estate-tax

http://www.businesskorea.co.kr/news/articleView.html?idxno=10149

Support us on Patreon!
https://www.patreon.com/VisualPolitik

And don’t forget to visit our friend’s podcast, Reconsider Media:
https://www.reconsidermedia.com/


About This Source - VisualPolitik EN

VisualPolitik EN “talk about politics, economics and things that are happening all around the world.”

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In This Story: Japan

Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

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In This Story: Samsung

Samsung Electronics Co., Ltd. is a South Korean multinational electronics corporation headquartered in the Yeongtong District of Suwon. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group’s revenue in 2012.

1 Recent Items: Samsung

Apple’s Legal Woes and Samsung’s Ring | Bloomberg Technology

In This Story: South Korea

South Korea, an East Asian nation on the southern half of the Korean Peninsula, shares one of the world’s most heavily militarized borders with North Korea. It’s equally known for its green, hilly countryside dotted with cherry trees and centuries-old Buddhist temples, plus its coastal fishing villages, sub-tropical islands and high-tech cities such as Seoul, the capital.

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US, Japan, South Korea nuclear envoys meet for talks in Seoul

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