Samsung Electronics plans $7.2 billion buyback to boost shareholder value

SEOUL: Samsung Electronics plans to buy back shares worth 10 trillion won (US$7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday.

Shares of Samsung Electronics rose 7.2 per cent on Friday, posting the biggest daily jump since March 2024 and rebounding from their lowest level since mid-June 2020. They were still down 32 per cent year to-date.

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