Geoffrey Cain

Samsung is not any ordinary business.

South Koreans even have a term for their country.

They call it the Republic of Samsung.

And so this is a company that is just massive by any standard.

It doesn't just make the smartphones and the chips that we all hear about.

They build apartments.

They have a hospital.

And you can literally in South Korea, this is no exaggeration, you could if you wanted to live cradle to the grave on Samsung.

Just literally get a Samsung apartment, watch your Samsung TV.

They do have a Samsung managed graveyard to give another example.

So it is massive and so tied to the success or the failure of South Korea.

It's the company that's the nameplate brand of South Korea.

What Samsung does reflects on the country.

I was absolutely surprised because getting to this point has been a seemingly never-ending succession of scandals and jail sentences.

It's just been wild.

It's really stunning what Samsung has done.

A lot of people did not expect so much money to come so seemingly easily.

But one of the reasons why Samsung and other Korean companies have behaved this way in the past, resisting these payments, is exactly that reason.

They complain that they just have a sky-high inheritance tax rate, and it's unreasonable by the standards of most developed economies.

It was a reluctant payment.