Samsung to Keep Buying Shares After Exceeding Buyback Target

Samsung Electronics has completed its planned buyback of 53.8 million shares, exceeding the target by 0.96% and spending 14.16 trillion won. The company will keep purchasing until it hits its 15 trillion won (~$11.04 billion) ceiling, ordering 2 million more shares. SK hynix has completed 76.24% of its own program and may finish about a month early.

• Samsung bought back 53.8 million shares — 100.96% of target — for 14.16 trillion won
• Remaining budget of 843.5 billion won could fund roughly 3 million more shares
• SK hynix has repurchased 18.35 million of 24.07 million shares, or 76.24%
• End of buybacks may remove KOSPI support after 32.98 trillion won in corporate net buying