South Korea regulators intensify Stress on Samsung over complex ownership structure

according to Samsung Group is controlled out of a web of circular shareholdings among companies such as Samsung C&T, Samsung Life Insurance, and Samsung Electronics. Samsung Group has come for criticism earlier too, generality notably from unite states activist hedge fund Elliott Management, that suggested as a solution in 2016 that Samsung Electronics split itself into two. Samsung Electronics rejected that suggestion however accepted fraction of the fund's suggestions with announcing plans to repeal its existing treasury shares worth over $35 bn with 2018. Others have too questioned the group's ownership structure recently. Samsung Life Insurance is at the heart of a cross-shareholding structure in that it owns about eight % of Samsung Electronics, that has a market price of about $340 billion, according to Thomson Reuters data.

South Korea regulators intensify Stress on Samsung over complex ownership structure

SEOUL (Reuters) - South Korean regulators turned up the heat on Samsung Group [SAGR.UL] over its complex ownership structure, with the country's antitrust chief telling on Thursday the arrangement for control at the nation's highest conglomerate was "not sustainable". FILE picture - Samsung Group chief, Jay Y. Lee, is surrounded with media as he arrives at the Seoul Central territory court of law in Seoul, South Korea, January 18, 2017. REUTERS/Kim Hong-Ji/File PhotoSamsung Group is controlled out of a web of circular shareholdings among companies such as Samsung C&T, Samsung Life Insurance, and Samsung Electronics. Samsung Group has come for criticism earlier too, generality notably from unite states activist hedge fund Elliott Management, that suggested as a solution in 2016 that Samsung Electronics split itself into two. Others have too questioned the group's ownership structure recently.

South Korean regulator tells Samsung ownership structure 'not sustainable'

As it stated in The logo of Samsung Electronics is seen at its office in Seoul, South Korea February 28, 2017. REUTERS/Kim Hong-JiSouth Korean regulators turned up the heat on Samsung Group over its complex ownership structure, with the country's antitrust chief telling on Thursday the arrangement for control at the nation's highest conglomerate was "not sustainable". Samsung Group is controlled out of a web of circular shareholdings among companies such as Samsung C&T, Samsung Life Insurance, and Samsung Electronics. A Samsung Electronics spokesman did'nt have an immediate comment. Samsung Group has come for criticism earlier too, generality notably from unite states activist hedge fund Elliott Management, that suggested as a solution in 2016 that Samsung Electronics split itself into two.

collected by :Molly Tony