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Retail Investors’ Stock Ownership in Samsung Electronics Surpasses 10 pct

Retail Investors’ Stock Ownership in Samsung Electronics Surpasses 10 pct

SEOUL, May 2 (Korea Bizwire) — Retail investors’ stock ownership in Samsung Electronics Co., South Korea’s most valuable company, surpassed 10 percent for the first time as they went bargain hunting for its shares amid the COVID-19 pandemic last year, industry data showed Sunday. Individual investors owned a total of 65.3 million common shares of [...]

Jae-yong Bolsters Grip on Samsung Electronics After Inheritance

Jae-yong Bolsters Grip on Samsung Electronics After Inheritance

SEOUL, April 30 (Korea Bizwire) — Lee Jae-yong, the apparent heir of Samsung Group, bolstered his control of Samsung Electronics Co. with stocks inherited from his late father, an indication that the ownership structure of South Korea’s top conglomerate remains steadfast, affiliate filings showed on Friday. Jae-yong, the vice chairman of Samsung Electronics, jacked up [...]

Samsung Suffers More than 300 bln-won Loss Due to Monthlong Texas Chip Shutdown

Samsung Suffers More than 300 bln-won Loss Due to Monthlong Texas Chip Shutdown

SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. said Thursday that a monthlong shutdown at its U.S. semiconductor plant cost it more than 300 billion won (US$270 million) in losses, although the facility is now fully normalized. “There was a wafer production disruption due to the stopping and recovering of the fab,” Han Seung-hoon, [...]