Business · Markets · 1 hr ago

Samsung staff posts about falling share price anger investors

Samsung staff posts about falling share price anger investors

Samsung Electronics shares fell 9.48% in one day, closing at 210,000 won.

The drop came as investors were already concerned about the stock’s decline from its June peak.

On an anonymous workplace forum, posts appeared to welcome further falls because a lower share price could mean more bonus shares.

It has not been confirmed that the people who wrote the posts work in Samsung’s semiconductor division.

Samsung and its labor union agreed to fund a special bonus using 10.5% of the division’s operating profit, with the after-tax payments due in shares around late March or early April next year.

Investors criticized the posts while facing losses, and the debate has widened to questions about company performance and employee rewards.

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What people are saying

Blind user identifying as a shareholderSamsung shareholder
내 투자금으로 반도체를 팔아 돈을 벌어놓고, 이익의 10%를 직원 성과급으로 나눠주는 게 말이 되느냐
via Maeil Business