Samsung Electronics has decided to repurchase and retire eleven-point-three trillion won worth of its own shares.
 
The electronics giant plans to first buy back for three months starting on Friday, two-point-23 million common shares and one-point-24 million preferred shares, which have a combined value of four-point-two trillion won.
 
The decision comes amid assessments that the company’s shares are undervalued and that its shareholder-friendly policies are weak compared to global information technology firms such as Apple and Google.
 
The electronics firm is hoping that the move will raise share prices which will then lead to higher dividends and yield positive effects for shareholders.
 
Samsung Electronics typically injects more than 30 billion dollars each year into facilities as well as research and development. It settled on the buyback plan after mulling ways to utilize cash in a way that would improve the value for shareholders and the company.