[News Space=Reporter seungwon lee] Samsung Electronics announced on the 15th that it will purchase a total of 10 trillion won worth of its own stocks to increase shareholder value.

Samsung Electronics held a board meeting on this day and decided on a plan to buy back a total of 10 trillion won of its own stock over the next year. Of this, 3 trillion won of its own stock will be bought back and burned entirely within three months.

Samsung Electronics will purchase shares through an on-exchange transaction from the 18th of this month to February 17th of next year. The treasury shares planned to be burned are 50,144,628 shares of common stock and 6,912,036 shares of preferred stock.

Regarding the remaining 7 trillion won worth of treasury stocks, the plan is to comprehensively discuss and decide on the method and timing of utilization from the perspective of increasing shareholder value when each board of directors decides to acquire treasury stocks.

Meanwhile, Samsung Electronics' stock price rose for the first time in six trading days on the 15th. It rose by a whopping 7%, instantly raising KOSPI to 2,420.

On this day, Samsung Electronics closed at 53,500 won, up 3,600 won (7.21%) from the previous trading day. Samsung Electronics preferred stocks also closed at 45,900 won, up 6.87%.

On this day, Samsung Electronics' market capitalization recovered 300 trillion won in one day to 321.1743 trillion won. On this day, foreigners turned to buying for the first time in 13 trading days, buying 133.848 billion won, and institutions also made net purchases of 53.1 billion won.

It is the largest increase in 4 years and 8 months since March 24, 2020 (10.47%), and the third largest increase since 2010.

It is interpreted that the low-price buying trend came in as Samsung Electronics fell to 49,900 won the previous day, becoming the '40,000 won electronics' for the first time in 4 years and 5 months.