Seoul, South Korea — April 9, 2026 — Shinhan Bank has initiated a share sale valued at approximately $2.1 billion in Samsung Electronics, according to details outlined in a term sheet reviewed on Wednesday.
The offering comprises 15 million shares of Samsung Electronics, priced between 204,395 won and 208,605 won per share. This represents a discount of approximately 0.9% to 2.9% compared to the company’s Wednesday closing price of 210,500 won. The shares account for roughly 0.25% of Samsung Electronics’ total outstanding shares.
While no official reason for the transaction was disclosed in the term sheet, a prior regulatory filing provides additional context. In January, Hong Ra-hee—mother of Samsung Electronics Chairman Jay Y. Lee—entered into a securities disposal trust agreement with Shinhan Bank to facilitate the sale of the same number of shares.
According to the filing, the proceeds from the sale are intended to support tax obligations and loan repayments. The Lee family has been managing a substantial inheritance tax liability following the death of former Samsung Chairman Lee Kun-hee, with payments structured over a five-year period beginning in 2021.
Samsung Electronics declined to comment on the transaction, and Shinhan Bank was unavailable for comment outside standard business hours.
