Samsung doesn’t want to give investors $500 million in dividends

Activist investors who own about 1.46% of Samsung C&T, the de facto holding company of Samsung Electronics, are calling on the company to increase shareholder returns by announcing a higher dividend and initiating share buybacks. They’ve proposed a plan that amounts of 1.2 trillion won or $900 million for both actions. Samsung C&T has submitted […]

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Samsung Chairman visits the Middle East to explore business opportunities

Samsung has revealed that its chairman, Lee Jae-yong, visited three Middle Eastern countries, including Saudi Arabia, Israel, and Egypt, during this year’s Chuseok holiday to encourage employees and explore new business opportunities. Since Lee Jae-yong took charge of Samsung Electronics in 2014, he has been conducting ‘holiday global field management’ for 10 years. During this […]

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Samsung boss visits Saudi Arabia, UAE to expand business

Samsung Group’s head, Lee Jae-yong, has commenced a trip to Saudi Arabia and the UAE to expand business ties and seek more opportunities for the company. He will return home on Thursday before leaving for Europe, which is the last leg of his business trip. Last month, he visited the US to make important decisions […]

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Samsung launches UV Sterilizer with wireless charging in India

Amid the COVID-19 pandemic, Samsung had unveiled its new UV Sterilizer for smartphones and other accessories last month. Initially, it was Thailand, but the company announced that it would bring the device to more markets around the world. Today, the South Korean firm has announced the launch of UV Sterilizer with wireless charging in India.Samsung’s […]

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