Global Stock News

Samsung Staff Root for Lower Stock Price as Bonuses Shift to Shares

Samsung Staff Root for Lower Stock Price as Bonuses Shift to Shares

Samsung Electronics and SK Hynix. Yonhap News - Seoul Economic Daily Finance News from South Korea
Samsung Electronics and SK Hynix. Yonhap News

As chip stocks tumbled, leaving retail investors nursing losses, some Samsung Electronics (005930.KS) employees welcomed the decline, drawing criticism. Because their bonuses are paid in company shares rather than cash, a lower stock price means more shares.

Samsung Electronics closed at 215,500 won on the 16th, up 2.62% from the previous session, while SK hynix (000660.KS) ended at 1.27 million won, up 0.79%, according to the Korea Exchange on the 18th. The gains fell far short of recovering the previous day’s drops of 9.48% and 10.85%, respectively.

Contrary to investors’ concerns, posts calling for Samsung Electronics’ stock to fall to 100,000 won appeared on Blind, an anonymous workplace…

Source link

Share this article

Scroll to Top