What is the amount of shares Samsung Electronics plans to cancel?

Samsung Electronics has decided to cancel shares worth 3.05 trillion won, which is approximately $2.11 billion.

When will Samsung conduct its share buyback?

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.

Why is Samsung buying back shares?

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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Home > Finance > Samsung Electronics to cancel $2.11 billion worth of own shares

Finance

Samsung Electronics to cancel $2.11 billion worth of own shares

Published by Global Banking & Finance Review®

Posted on February 18, 2025

1 min read

Last updated: January 26, 2026

Samsung Electronics headquarters with financial data overlay - Global Banking & Finance Review — This image depicts the Samsung Electronics headquarters, symbolizing the company's recent decision to cancel $2.11 billion worth of shares, aimed at enhancing shareholder value. The announcement reflects Samsung's strategy to improve its stock performance amidst competitive pressures in the tech industry.

Samsung Electronics to cancel $2.11 billion worth of own shares

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Samsung Electronics Announces Cancellation of $2.11 Billion in Shares

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