Samsung plans overhaul amid shareholder pressure

Samsung said it will disclose plans to boost shareholder value today, a move that comes amid pressure from US fund Elliott Management to split the company in two and provide more in payouts.

The US activist hedge fund, which owns 0.6% of Samsung, called on the South Korean tech giant to divide itself into a holding vehicle for ownership purposes and an operating company, as well as pay out 30 trillion won (€24.5bn) in a special dividend.

The Seoul Economic Daily, citing an unidentified source, reported yesterday the firm will say it plans to consider a split.