Samsung Electronics Chairman Lee Jae-yong is scheduled to buy about 7.19 million shares from his mother, Hong Ra-hee, in an off-market transaction on 12 October. The deal is valued at 1.9 trillion won (about $1.4 billion) and follows a regulatory filing with South Korea’s Financial Supervisory Service reported by Reuters, as cited by multiple outlets.
The transaction price and share count are reported as 269,500 won per share. Lee’s planned purchase is described as representing roughly 0.11% of Samsung Electronics’ total shares, increasing his total stake to around 1.58%. One outlet also notes speculation about why Hong sells, saying she may use the proceeds to repay loans tied to inheritance taxes after the death of Lee Kun-hee in 2020. Other reporting focuses mainly on the size, timing, and terms of the share purchase, rather than on motivations.
Overall, the sources agree on the transaction details—parties, date, share quantity, method, and approximate value—while differing most in the depth of contextual commentary.
