Samsung Electronics Hits 80,000 Won for the First Time Ever

[Asia Economy Reporter Koh Hyung-kwang] Samsung Electronics' stock price touched the 80,000 KRW mark for the first time ever. It has continued its unstoppable upward trend just 20 days after surpassing 70,000 KRW.

According to the Korea Exchange on the 28th, Samsung Electronics was traded at 80,000 KRW on the KOSPI market as of 9:08 AM, up 2.8% from the previous trading day. This is the first time Samsung Electronics' stock price has exceeded 80,000 KRW since the stock split in April 2018 (51,900 KRW). On that day, the stock price rose to 80,100 KRW during the session but the upward momentum slowed somewhat as selling volume increased, although buying interest remained steady. As of 11:24 AM, it was trading at 79,400 KRW, up 2.0%.

Samsung Electronics' stock price has been climbing steeply, rising to the 70,000 KRW range for the first time on the 3rd and then pushing up to the 80,000 KRW range again within about 20 days. This is interpreted as reflecting expectations of an improvement in the semiconductor industry outlook and dividends. In the securities industry, Samsung Electronics is expected to improve its performance from next year due to the full-scale growth of the foundry industry and improved profitability in the smartphone business. Lee Seung-woo, a researcher at Eugene Investment & Securities, said, "Next year, a favorable environment for the stock price will be created as supply and demand in emerging markets and the memory sector improve simultaneously."

Expectations for dividends are also factored in. Kang Hyun-jung, a researcher at Kyobo Securities, predicted, "This year, Samsung Electronics will return 50% of the free cash flow generated over the three years from 2018 to 2020 (the cash remaining after deducting taxes, expenses, and capital expenditures from the company's earnings) to shareholders as the final dividend, so the amount returned will be substantial."

This content was produced with the assistance of AI translation services.