Samsung Electronics to buy back $7.2 bn in shares

Q: How long will it take to read this news story?

The story "Samsung Electronics to buy back $7.2 bn in shares" has 383 words across 20 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Samsung Electronics to buy back $7.2 bn in shares" was covered 4 hours ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 2 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23622707</li><li>URL: https://beamstart.com/news/samsung-electronics-to-buy-back-17318108076482</li></ul>

Korea Economic Daily Logo Korea Economic Daily 4h ago

Samsung Electronics to buy back $7.2 bn in shares - Korea Economic Daily

Quick Summary:

MediaTek, a Taiwanese fabless semiconductor company, and SK Hynix Inc., the high-bandwidth memory (HBM) leader, rallied 29.5% and 25.1%, respectively, over the same period.“We’ll do our best to boost our share price in order to enhance our corporate value for shareholders,” said a Samsung Electronics executive.

Samsung Electronics Co.will buy back 10 trillion won ($7.2 billion) in shares over a one-year period to prop up its share price, which has plunged more than 30% this year to the level of its liquidation value.

On Friday, the world’s largest memory chipmaker announced the share repurchase plan in its first buyback program since repurchasing 9.3 trillion won in shares between 2017 and 2018.