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VisitSamsung Announces $7.2 Billion Share Buyback Plan Over Next Year
Nov 17, 2024, 11:54 PM
Samsung has announced its first share buyback in seven years, planning to repurchase stocks worth $7.2 billion over the next year. The South Korean firm's decision comes amid a decline in its share price. The buyback plan, unveiled late Friday, has led to a surge in Samsung's stock, contributing to the outperformance of South Korea's KOSPI index, which rose by 1.3%.
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