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People & Appointments
Lee Kun-hee memorial marks sixth anniversary, revisits legacy of top semiconductor position
A memorial service marking the sixth anniversary of the death of former Samsung Electronics chairman Lee Kun-hee was held on Oct. 23 at the family burial site in Suwon. Samsung Electronics outlined his role in building its semiconductor business and establishing a pattern of investment during downturns, as well as management reforms and talent programmes. It also cited Samsung’s leading market shares in DRAM and NAND in the second quarter of 2026. The company noted his lifetime collection of cultural assets donated in 2021 and related exhibitions.
Industry
Corporate art museums shift from charity to platform business
Corporate art museums in South Korea are shifting from social contribution spending to revenue platforms as companies recast them as ESG assets. Hanwha will open Pompidou Center Hanwha at Seoul\'s 63 Building in June, setting ticket and membership prices and positioning it as a multi-purpose cultural space. Earlier, Samsung, Lotte and POSCO tied museums to branding and ESG, with examples including the Lee Kun-hee Collection donation and formal ESG metrics for museum operations.
Industry
Samsung family completes 12 trillion won inheritance tax payment for Lee Kun-hee
The Samsung family has completed payment of 12 trillion won in inheritance tax on the estate of the late former chairman Lee Kun-hee over five years, finishing six installments, heirs said on Saturday. The amount is about 50 percent more than South Korea’s 2024 inheritance tax revenue of 8.2 trillion won and is the largest such payment since the country’s founding. The estate included stakes in affiliates and real estate.
