[Special Stock] Samsung Electronics Returns to 60,000 Won Level

[Asia Economy Reporter Lee Seon-ae] Samsung Electronics' stock price fell to the 60,000 won level in early trading on the 11th.

As of 9:30 a.m. on the day in the KOSPI market, Samsung Electronics was trading at 69,900 won, down 0.43% from the previous trading day.

Right after the market opened, it dropped to 69,600 won.

The intraday price falling below 70,000 won is the first time in three trading days since the 8th (intraday low of 69,800 won).

Although Samsung Electronics recorded its highest-ever sales in the third quarter of this year, concerns about the future memory semiconductor market conditions and downward revisions of earnings have kept the stock price sluggish.

On the day, Lee Soong-woo, a researcher at Eugene Investment & Securities, said, “In order for corporate value to rise, a new change beyond earnings is needed in this era,” adding, “For Samsung Electronics' stock price to rise, there needs to be a signal that the memory cycle has definitely approached the bottom, or proof of differentiation from competitors, or the possibility of changes such as business structure reorganization, but the market's evaluation is that these have not been achieved.”