Samsung Electronics is reportedly planning a share buyback worth nearly 90 trillion Korean won.

Golden Finance reports that on June 24, according to South Korean Yonhap News, Samsung Electronics is about to launch a large-scale stock buyback worth nearly 90 trillion Korean won (approximately 900k USD).
According to an agreement reached between labor and management, since both parties have agreed to distribute special operational performance bonuses in the form of their own stock (treasury stock), the company needs to repurchase a large amount of stock to cover the gap beyond its current holdings of treasury stock.
It is expected that a detailed implementation plan will be announced soon. (Jin10)
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