Samsung Electronics take measures to boost shareholder value

By Candice Kim Posted : February 18, 2025, 15:59 Updated : February 18, 2025, 15:59
Samsung Electronics Seocho headquarters/ Yonhap

SEOUL, February 18 (AJP) - Samsung Electronics announced on Wednesday that it will cancel 3 trillion won ($2.2 billion) worth of treasury shares on Thursday and acquire an additional 3 trillion won in shares by mid-May, a move aimed at enhancing shareholder value.

The decision follows the company’s November 2024 commitment to repurchase and partially cancel 10 trillion won worth of shares over one year.

Of the newly approved 3 trillion won buyback, 2.5 trillion won will be allocated to stabilizing stock prices and boosting shareholder value, while 500 billion won will be earmarked for employee performance bonuses.

“The decision on whether to cancel the 2.5 trillion won worth of shares has not been finalized yet,” a Samsung Electronics official said.

As part of its employee stock compensation plan, announced last month, Samsung will allow executives at the managing director level and above to receive 50 to 100 percent of their performance bonuses in shares beginning this year. Regular employees will have the option to participate in the stock compensation program starting in 2026.

Copyright ⓒ Aju Press All rights reserved.

기사 이미지 확대 보기
닫기