Chairman Lee Jae-yong and his relatives concluded the massive payment through six installments over the last five years.
The staggering tax obligation stems from the multi-billion dollar estate of the late chairman, Lee Kun-hee.
The family’s total contribution reportedly equals 1.5 times the nation’s entire inheritance tax revenue for this year.
South Korea currently enforces a 50% tax rate on inheritances, ranking among the highest in the global economy.
Lee’s heirs previously described fulfilling this enormous fiscal obligation as a natural duty for any responsible citizen.
Investors monitored the process closely to see if the payments would shift corporate control within the electronics giant.
Beyond cash, the family donated world-class art by Picasso and Dali to various national cultural institutions.
Surging demand for artificial intelligence chips recently doubled the family’s net worth to more than $45 billion.
Lee Jae-yong now leads the third-generation conglomerate, maintaining his grandfather’s legacy in the global technology sector.
