Business · Markets · 5 hrs ago

Lee Jae-yong’s Samsung Electronics stake rises to 1.75%

Lee Jae-yong’s Samsung Electronics stake rises to 1.75%

Samsung Electronics chairman Lee Jae-yong’s stake rose from 1.58% to 1.75%.

The report says he acquired 7.66 million shares in an off-market purchase valued at 1.9 trillion won.

It also says his mother, Hong Ra-hee, gave him 11.158 million Samsung Electronics shares.

Those details conflict on how many shares changed hands and whether they were bought or gifted.

The change increases Lee’s ownership in one of South Korea’s largest companies.

The report does not explain the difference between the purchase and gift figures or say what happens next.

Sources

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