Samsung may announce a buyback of 900 billion Korean won in stocks.

According to a report from an anonymous industry source cited by Yonhap News Agency, Samsung Electronics is preparing to repurchase approximately 90 trillion Korean won worth of shares to pay employee bonuses, with details expected to be announced soon. Due to an agreement with the union, Samsung needs to pay special performance bonuses to employees with company stock, hence the need for share buybacks. It is estimated that Samsung will distribute around 93 trillion Korean won worth of company stock bonuses to employees after taxes.