Published by Global Banking & Finance Review®
Posted on February 18, 2025
1 min readLast updated: January 26, 2026
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Samsung Electronics cancels $2.11 billion in shares to boost shareholder value, marking its first buyback since 2017 after underperforming rivals.
SEOUL (Reuters) - Samsung Electronics has decided to cancel 3.05 trillion won ($2.11 billion) worth of its own shares that it had acquired previously, the company said in a regulatory filing.
Samsung also said in a separate regulatory filing it would acquire 2.7 trillion won worth of its own common shares, and 304 billion won worth of other shares, between Feb 19 and May 16 this year to raise shareholder value and benefit its employees.
The company said in November last year it planned to buy back shares worth 10 trillion won over a one-year period after its share price underperformed rivals such as SK Hynix, marking the first time the tech giant had decided to buy back shares since 2017.
(Reporting by Joyce Lee; Editing by Ed Davies)
Samsung Electronics has decided to cancel shares worth 3.05 trillion won, which is approximately $2.11 billion.
Samsung plans to acquire its own shares worth 2.7 trillion won and 304 billion won worth of other shares between February 19 and May 16 this year.
The company stated that it planned to buy back shares worth 10 trillion won over a year due to its share price underperforming compared to rivals like SK Hynix.
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