Reuters reported on the 5th (local time) that Samsung Electronics(005930) and SK hynix(000660) said they plan to draw up and release measures to expand shareholder returns in a sustainable manner.
According to Reuters, Samsung Electronics said in a statement sent to Reuters, "While continuing to focus on maintaining a sound financial structure to manage cyclical risks and fund growth initiatives, we are also seeking ways to expand shareholder returns in a sustainable manner."
SK hynix also said in a separate statement sent to Reuters that it is preparing a specific shareholder return plan by the end of the year, adding that it expects "measures to expand shareholder returns to a meaningful level."
It added, "Based on our best-ever cash generation, we believe we can expand shareholder returns to a meaningful level while maintaining investment and financial soundness," and "We are reviewing various options for additional shareholder returns."
On the 30th, Samsung Electronics said at its second-quarter earnings announcement that "the board of directors and management are actively discussing concrete execution plans for this year's shareholder return policy, including a special dividend, and the next shareholder return policy." SK hynix also said it is reviewing additional shareholder returns in various forms.