Samsung and SK Hynix will cancel over $14 billion in treasury shares to promote corporate governance reform.

Samsung Electronics and SK Hynix plan to cancel a total of 20.8 trillion won (approximately 14.1 billion USD) in treasury shares in response to corporate governance reforms. This move aims to enhance corporate governance, narrow the “Korea discount” phenomenon, and improve valuations by increasing shareholder returns. Samsung Electronics will cancel 87 million treasury shares (including preferred shares) within the first half of this year, while SK will cancel 4.8 trillion won worth of treasury shares, accounting for about one-fifth of its circulating share capital.

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