Lee Seo-hyun, Chairperson of Samsung Welfare Foundation, Sells Samsung Life Insurance Shares Worth 216.2 Billion KRW

[Asia Economy Reporter Jang Hyowon] Samsung Life Insurance announced on the 3rd that Lee Seo-hyun, Chairperson of the Samsung Welfare Foundation, disposed of 1.73% of her shares through off-hours trading.

On the 1st, Chairperson Lee sold 3,459,940 shares out of her total 6,919,863 shares at 62,500 KRW per share via off-hours trading. The total amount was approximately 216.2 billion KRW. After the disposal, she holds 3,459,923 shares, maintaining a 1.73% stake.

The funds raised from the share sale are reported to be used for inheritance tax payments.