Samsung announces $7.2 billion share buyback to boost stock value

Samsung shares rose over 5% on Monday after the company announced a 10 trillion won ($7.2 billion) share buyback plan, its first in seven years. This move aims to boost shareholder value amid a significant decline in stock prices. The buyback includes 3 trillion won for share cancellations within three months. Analysts view this as a proactive step to stabilize the stock, which has dropped more than 30% this year due to concerns about Samsung's market position and recent disappointing earnings. Some analysts suggest the buyback also aims to protect the founding Lee family's financial interests, as they face margin call risks from bank loans. Samsung has denied that the buyback is intended to address these concerns.