Samsung Heirs Boost Borrowings to $3 Billion as Tax Comes Due

South Korea’s richest family upped its share-backed borrowing to about $3 billion, a move that may be a way to pay one of the world’s largest inheritance tax bills and maintain its grip on the Samsung empire.

As of last month, the loans have nearly quadrupled from the end of 2021, according to filings. That was the year when Jay Y. Lee and his family announced a plan to pay the levy of more than 12 trillion won ($9.2 billion) in six installments over five years after the death of Lee Kun-hee, the patriarch and longtime head of Samsung Electronics ...