/ Oct 06, 2026
/ Oct 06, 2026

Samsung to buy back up to $80bn in shares

Published on

By

South Korean technology giant Samsung Electronics has approved a shareholder return plan worth up to $80bn, marking the largest share buyback programme of its kind in South Korea.

 

The company said on Friday that its board had approved a 2026 shareholder return plan estimated at between 90 trillion and 110 trillion won, equivalent to roughly $80bn.

Samsung said the plan was designed to ensure that the benefits of its growth translate into tangible returns for shareholders.

The company will initially pay about 30 trillion won in cash dividends in the third quarter, with further details expected to be finalised at a board meeting in late October.

The announcement follows rival chipmaker SK hynix’s decision on Wednesday to unveil a $28.9bn share buyback programme. Its shares subsequently rose 12 per cent the following day.

Samsung and SK hynix have benefited from surging demand for advanced chips used in artificial intelligence systems. Samsung reported an operating profit increase of more than 1,800 per cent in the second quarter, driven by strong AI-related chip demand.

Samsung shares reached a record 370,000 won in June before falling amid investor concerns and a wider technology sector sell-off. They were trading at around 279,000 won on Friday and closed 3.9 per cent higher following expectations of the shareholder return announcement.

According to Samsung’s semi-annual report, the company has around eight million minority shareholders, representing almost one-fifth of South Korea’s adult population.

The company’s share price gains, alongside those of SK hynix, previously helped push South Korea’s benchmark Kospi index above 9,000 points in June before the broader technology rout caused it to retreat.

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Pedro Sánchez announces Spain snap election

Spain calls snap election amid housing crisis protests

Spain’s Prime Minister Pedro Sánchez has called a snap general election for November 29 after parliament rejected his government’s housing relief measures amid growing protests over soaring rents and house prices.   Sánchez, who has been prime minister since 2018, announced the election in a televised address on Monday, saying he needed a broader parliamentary mandate to advance his government’s agenda. The election was originally not due until August 2027. Housing Crisis Fuels Political Pressure The snap election follows the defeat of housing measures proposed by Sánchez’s minority coalition government. The proposals included automatic renewal of tenancy agreements and restrictions on evicting vulnerable tenants. Opposition parties rejected the measures, with Catalan separatist party Junts also voting against them despite its importance to the government’s parliamentary support. Tens of thousands of people have taken to the streets in Madrid and other Spanish cities demanding affordable housing. Hundreds of protesters have also maintained a tent camp in central Madrid for more than a week. The demonstrations intensified following the eviction of 87-year-old Maricarmen Abascal from her Madrid home, where she had lived for more than seven decades. Housing campaigners said an investment company that acquired the property sought to raise her rent by 275 per cent. The backlash eventually resulted in an agreement allowing Abascal to return at a lower rent. Rents Nearly Double in a Decade Spain’s housing affordability crisis has become a major political issue as demand continues to outpace supply. According to property website Idealista, average rents in Spain have almost doubled over the past decade, while asking prices for homes have increased by about 90 per cent. Sánchez defended his government’s economic record, arguing that Spain has grown faster than major European peers under his leadership and that unemployment has fallen. However, rising living costs and housing expenses have left many households struggling to benefit from the wider economic growth. Opposition Leads in Polls The conservative Popular Party (PP) has generally led the Socialists in recent opinion polls. PP leader Alberto Núñez Feijóo welcomed the election announcement and questioned whether Sánchez should receive another term after eight years in power. However, polls suggest the PP could fall short of an outright parliamentary majority and may need support from the far-right Vox to form a government. The election is expected to turn the housing crisis, the economy, migration and allegations of corruption involving figures close to Sánchez into major campaign issues.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.