{
  "id": 6427983,
  "title": "Samsung Electronics chairman to buy $1.42 billion worth of shares from mother",
  "url": "https://urgent.news/2026/09/09/samsung-electronics-chairman-to-buy-1-42-billion-worth-of-shares-from",
  "topic": "world",
  "section": "World",
  "published": "2026-09-09T14:57:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/business/20260909/samsung-electronics-chairman-to-buy-142-billion-worth-of-shares-from-mother"
  },
  "original_language": "en",
  "account": "Samsung Electronics Chairman Lee Jae-yong is set to acquire $1.42 billion worth of the company's shares from his mother, Hong Ra-hee, according to a regulatory filing by the tech giant. The purchase involves 7,188,793 shares, valued at 269,500 won per share, in an off-exchange transaction scheduled for October 12. This move will increase Lee's total stake in the company to 1.58 percent. It is speculated that Hong may utilize the proceeds from the sale to settle debts incurred for paying inheritance taxes following the passing of her husband, former Samsung Chairman Lee Kun-hee, in 2020. Separately, Korea and France have signed a memorandum of understanding (MOU) to enhance cooperation in the fields of artificial intelligence (AI), semiconductors, and quantum technologies. The signing ceremony took place on the sidelines of President Lee Jae-myung's state visit to France, as reported by the country's science ministry. The MOU will facilitate regular meetings between the two nations to advance their collaborative efforts in these cutting-edge areas.",
  "summary": "Samsung Electronics Chairman Lee Jae-yong will purchase 1.9 trillion won ($1.42 billion) worth of the company's shares from his mother, the tech giant said Wednesday. Lee plans to buy 7,188,793 shares from Hong Ra-hee, representing 0.11 percent of the company's total shares, at 269,500 won per share in an off-exchange transaction on Oct. 12, according to the company in a regulatory filing. With…",
  "key_points": [
    "Lee Jae-yong to buy $1.42B shares from mother Hong Ra-hee",
    "Transaction involves 7.19M shares at 269,500 won per share",
    "Move increases Lee's stake to 1.58% in Samsung Electronics"
  ],
  "editors_take": "This stake increase solidifies Lee Jae-yong's position in Samsung Electronics, while potentially helping his mother settle debts related to inheritance taxes on her late husband's estate.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}