Samsung Life to divest 1.3 trln won worth of Samsung Electronics' shares


FILE PHOTO: The logo of Samsung Electronics is seen at the company's store in Seoul, South Korea, April 15, 2025. REUTERS/Kim Hong-Ji/File Photo

SEOUL, ⁠March 19 (Reuters) - ⁠Samsung Life said ‌in a corporate filing on ​Thursday that ⁠the ⁠company will divest 1.3 ⁠trillion ‌won ($867.07 ⁠million)worth of its stake ​in ‌Samsung Electronics.

The ⁠decision ​is part of ⁠efforts to resolve ​risks from a local regulation ⁠on the governance of finance companies, ​it ⁠said.

($1 = 1,499.3000 ​won)

(Reporting ‌by Heejin KimEditing ​by Ed Davies)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Accenture forecasts quarterly revenue below estimates
Samsung Elec to supply HBM4 chips to OpenAI, South Korean paper says
Hegseth wants Pentagon to dump Anthropic's Claude, but military users say it's not so easy
Micron shares slip as hefty spending plans eclipse strong AI-fueled earnings
Musk says Tesla may 'tape out' next-generation AI6 chips in December
Nvidia’s DLSS 5 is the (glossy) subject of memes and backlash from gamers
Samsung Electronics plans over $73 billion investment to lead in AI chip sector
Apple’s head of home hardware leaves for smart ring maker Oura
EU moves to ban AI that creates nonconsensual sexual images
Meeting surging demand for AI memory chips has a climate cost

Others Also Read