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Samsung Electronics heading for a split

Perhaps the most important reason why a breakup is in the works is that Samsung and the founding Lee family would also see big benefits

Jungah Lee I Bloomberg 

Samsung Electronics didn’t quite come out and actually say it, but South Korea’s most valuable company is probably going to split as soon as next year. Samsung said on Tuesday it’s looking at a plan to turn itself into a holding company, and would have more to say on the issue at a later date. The idea was presented as a way to improve shareholder value and a response to calls from Elliott Management for more responsive management. Perhaps the most important reason why a breakup is in the works, however, is that Samsung and the founding Lee family would also ...

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First Published: Wed, November 30 2016. 01:27 IST
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