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Samsung shares climb more than 7% after surprise $7 billion buyback plan

17 November 2024
in World
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Samsung shares climb more than 7% after surprise  billion buyback plan
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Shares of Samsung Electronics surged over 7% in Seoul after announcing a plan to buy back 10 trillion South Korean won ($7.19 billion) worth of its own stock in the next year. The buyback follows a recent agreement with its largest workers union and aims to enhance shareholder value. The company had previously fallen behind rival SK Hynix in supplying high bandwidth memory chips, impacting its stock performance.

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Tags: Asia EconomyBillionBreaking News: AsiaBreaking News: MarketsBreaking News: Technologybusiness newsbuybackclimbplanSamsungsharesSurprisetechnology
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