Reported 9 days ago
Samsung Electronics plans to repurchase shares worth 10 trillion won ($7.2 billion) over one year in response to a significant decline in its share price, which recently hit a four-year low. This marks the company's first buyback since 2017, with immediate plans to repurchase 3 trillion won in shares within three months. Analysts suggest that while this buyback could temporarily boost stock performance, Samsung will need to implement concrete business strategies moving forward.
Source: YAHOO