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Korean chipmakers face growing calls to improve shareholder returns

Samsung Electronics and SK hynix are facing growing expectations of sizable shareholder return policies, as investors increasingly call for measures that could provide fresh momentum for their share prices. Samsung Electronics shares closed at 231,000 won ($163.20) on Aug. 7, down about 36.3 percent from their peak closing price of 362,500 won on June 18. SK hynix shares ended at 1.422 million…

Korean chipmakers face growing calls to improve shareholder returns

Samsung Electronics and SK hynix, two major Korean chipmakers, are facing increasing pressure from investors to implement shareholder return policies that could potentially boost their share prices. Following record second-quarter earnings, analysts are optimistic that the announcement of such policies, potentially as early as this month, could provide a much-needed momentum for the companies' stocks.

Currently, Samsung Electronics shares are trading at 231,000 won, down about 36.3 percent from their peak closing price of 362,500 won in June, while SK hynix shares are at 1.422 million won, down approximately 51.3 percent from their June peak of 2.919 million won. Despite recent easing of the selloff, the shares have remained relatively stagnant, fluctuating within a narrow price range.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.

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