Samsung and SK to Cancel $14.1 Billion in Treasury Shares

Samsung and SK have announced plans to cancel a combined 20.8 trillion won ($14.1 billion) worth of treasury shares. Bloomberg posted on X, highlighting this as one of the largest actions by South Korean conglomerates in response to governance reforms. These reforms are designed to enhance shareholder returns. The move reflects a broader trend among South Korean firms to align with global standards and improve corporate governance.