Samsung Electronics is preparing a share repurchase program valued at 90 trillion won ($58.6 billion) to help resolve a protracted labor dispute with its union.
The move, reported by media outlets including Wiwo, represents one of the largest buyback initiatives in the company's history and serves as a key component of the settlement agreement reached after months of negotiations.
The buyback is designed to appease shareholders who have been concerned about the impact of the labor unrest on the company's operations and profitability.
By committing to such a significant return of capital, Samsung aims to demonstrate its financial strength and commitment to shareholder value, even as it navigates the complexities of its relationship with its workforce.
This development comes at a critical time for the semiconductor giant, which has been facing pressure to improve its labor relations while maintaining its competitive edge in the global chip market.
The resolution of the dispute could pave the way for greater operational stability and allow the company to focus on its strategic priorities, including its ongoing expansion in the semiconductor sector.