Samsung Electronics has recently unveiled a substantial plan to repurchase shares worth 10 trillion won, with the aim of boosting shareholder value.
The announcement was made in a regulatory filing after the market closed on Friday. As a result of this news, Samsung's shares saw a significant increase of 7.2%, marking the largest single-day surge since March 2024. This rise comes after the stock had previously hit its lowest point since mid-June 2020, although it is still down 32% year-to-date.