Samsung Electronics announced a 90 trillion won ($59 billion) share buyback program on June 24, 2026.
The company intends to use the repurchased shares to fund employee stock bonuses following a recent wage agreement with its labor union.
Samsung shares surged as much as 9.84% in morning trading on the Korean exchange following the announcement.
The strategic move aims to boost shareholder value and signals confidence in the company's financial stability and future prospects.