Samsung Electronics to Buy 10 trillion won worth of treasury stocks... to "boost shareholder value"

Samsung Electronics has decided to buy 10 trillion won worth of treasury stocks to enhance shareholder value.

Samsung Electronics announced that it plans to buy 10 trillion won worth of treasury stocks in installments within the next year.

He explained that the purpose is to increase shareholder value.

Samsung Electronics' stock price, which plunged to 40,000 electronics yesterday for the first time in four years and five months, rebounded to the 50,000 won level today on the back of an influx of low-priced buying by foreigners.