Samsung plans to launch a share repurchase program worth nearly 90 trillion South Korean won, with its share price surging 9.35% during intraday trading.

According to Yonhap News Agency, Samsung Electronics is set to launch a stock buyback program worth nearly 90 trillion won in the near term. As labor and management have reached an agreement to distribute special performance bonuses in the form of self-purchased shares, the company needs to significantly increase its treasury stock holdings to cover the amount exceeding its current holdings. KB Securities forecasts Samsung Electronics' operating profit will hit 375 trillion won this year and 548 trillion won next year. Assuming operating profit remains at next year's level in 2028, when the semiconductor supercycle persists, total operating profit over the next three years will reach 1,471 trillion won. Recently, Samsung Electronics decided to allocate 10.5% of its operating profit as special performance bonuses for its semiconductor division under the labor-management agreement. Based on this calculation, the total performance bonus over the next three years is approximately 154 trillion won. After deducting around 40% in withholding tax, Samsung will distribute about 93 trillion won in the form of shares. If adopting Goldman Sachs' forecast of total operating profit of 1,514 trillion won over the next three years, the scale of the share buyback program could expand further. According to Bitget market data, likely driven by this news, Samsung's stock rallied sharply in early trading today, currently trading up 9.35%.