Stock Price Recovers to 50,000 Won Range After 6 Trading Days
Samsung Electronics has decided to repurchase its own shares worth 10 trillion won to "enhance shareholder value."
On the 15th, Samsung Electronics announced that it plans to repurchase its own shares worth 10 trillion won in installments within the next year.
Samsung Electronics explained that the purpose is "to enhance shareholder value, among other reasons."
On the 14th, Samsung Electronics' stock price fell to 40,000 won for the first time in 4 years and 5 months, causing its market capitalization to drop below 300 trillion won. However, on this day, supported by foreign investors' bargain buying, the stock price rebounded after 6 trading days and recovered to the 50,000 won range.
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