Samsung Electronics plans $7.2 billion buyback to boost shareholder value

SEOUL (Reuters) - Samsung Electronics plans to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday. Shares of Samsung Electronics rose 7.

2% on Friday, posting the biggest daily jump since March 2024 and rebounding from their lowest level since mid-June 2020. They were still down 32% year to-date. ($1 = 1,395.



3100 won) (Reporting by Jihoon Lee; Editing by Muralikumar Anantharaman).