BUSINESS

Questions persist over Cho family inheritance

By Cho Chung-un

Family’s controlling stake in Hanjin KAL could shrink due to inheritance tax

  • Published : Apr 9, 2019 - 17:11
  • Updated : Apr 9, 2019 - 17:11

(Yonhap)

As of April 8, the Cho family held a combined 28.95 percent stake in Hanjin KAL, the holding company of Hanjin Group, including stocks held by family-friendly shareholders.

In theory, unless the family comes up with a different way to pay it off, its controlling stake will shrink to 20.03 percent after the 50 percent inheritance tax is paid on his shares in the company, according to a report by eBest Investment and Securities.


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