The tech giant aims to repurchase shares worth 90 trillion won, boosting investor confidence amid market volatility.
Samsung Electronics will launch a share buyback program valued at approximately $59 billion, or 90 trillion won. The move follows a report detailing the company’s plans to strengthen shareholder returns and stabilize its stock price.
The announcement comes as Samsung seeks to enhance shareholder value after a period of underperformance relative to peers. Analysts note that buybacks of this scale are rare in the tech sector and could signal confidence in long-term growth.
Shares of Samsung surged over 8% following the report, reflecting strong investor reaction to the news.