Boosting value: Samsung Electronics and other cash-rich companies were considering share buybacks as a primary option, the paper reported.
SEOUL: Samsung Electronics Co Ltd said it would set up a 500bil won (RM1.90bil) fund to help small suppliers, the highest-profile South Korean firm to unveil steps in the wake of new President Moon Jae-in's call to protect small businesses.
Moon came to power this month promising to rein in the family-owned conglomerates that dominate Asia's fourth-largest economy. Calling himself the 'jobs president', he has also said he wants to discourage contract jobs, raise the minimum wage and reduce working hours.
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