Samsung Electronics to consider split: Seoul Economic Daily

epa05613566 An undated picture made available on 02 November 2016 shows the main office of Samsung Electronics Co. in southern Seoul, South Korea. Lee Jae-yong, vice chairman of Samsung Electronics and Samsung Group's heir, attended the tech giant's board meeting on 02 November 2016, for the first time since he was appointed to the board late last month. EPA/YONHAP SOUTH KOREA OUT

SEOUL: South Korea's Samsung Electronics Co Ltd will consider splitting itself into two as proposed by US activist hedge fund Elliott Management, Seoul Economic Daily reported on Nov 28 citing an unnamed source. 

A split would allow the heirs of the founding Lee family to strengthen their grip on the global smartphone leader, the crown jewel of the Samsung Group business empire. Elliott proposed a split in October to boost shareholder value.