🟢 005930.KS is trading 6% up today on record 90T won buyback for employee bonuses

005930.KS is trading 6% up today at KRW 360,000 after reports of a record 90 trillion won share buyback tied to employee stock bonuses.

• The prospective multi-year repurchase program is intended to fund stock-based compensation specifically for Samsung’s chip division.
• This initiative has significantly bolstered investor sentiment following the recent tech rout and is being viewed as a powerful catalyst for the share price.