Temporary general meeting being held for the first time in 6 years
Buy at a low price despite the ‘50,000 electronics’ discount
This year alone, an increase of 95,000… 16 trillion net purchases
Appointment of Myung-hee Myung-hee and Heo Eun-nyeong as outside directors
Jong-Hee Han “Strengthening the independence and professionalism of the board of directors”
▲ On the 3rd, at the 54th extraordinary general meeting of Samsung Electronics shareholders held at the Seocheon Training Center in the Human Resource Development Center of Samsung Electronics in Yongin-si, Gyeonggi-do, Vice Chairman Han Jong-hee gives a greeting . At the shareholders meeting on the same day, it was confirmed that the number of shareholders of Samsung Electronics exceeded 6 million for the first time despite the share price decline due to the sluggish industry.
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The number of shareholders of Samsung Electronics exceeded 6 million for the first time. As the stock price of Samsung Electronics, which was about 70,000 won at the beginning of the year, has recently fallen to about 50,000 won, it is believed that the number of individual investors buying at low prices has increased.
According to what Samsung Electronics announced at the extraordinary general meeting of shareholders on the 3rd, the total number of shareholders on 19 September was 6,014,51 people. Compared to the total number of shareholders of 5,922,810 on 30 June recorded in this year’s semi-annual report, it increased by 92,041 in about three months. At the end of last year, Samsung Electronics’ total shareholders were 5,06,466, and 94,385 people made new investments in Samsung Electronics this year alone.
Samsung Electronics did not disclose minority shareholders with a share of less than 1% on the same day, but it is estimated that more than 6 million minority shareholders are minority shareholders in the semi-annual report as there are 5,92,693 minority shareholders.
After reaching a peak of 96,800 achieved on January 15 last year, Samsung Electronics’ stock price has remained in the late 50,000 range due to the slowdown in the semiconductor industry. Individual investors bought net more than 16 trillion won of Samsung Electronics stocks until the 2nd of this year, despite the continuous decline in the stock price.
The recent positive stock price outlook in the stock market also seems to have fueled individual investor sentiment. NH Investment & Securities raised its target price for Samsung Electronics from 67,000 won to 72,000 won, and Daol Investment & Securities raised its target price slightly from 68,000 won to 69,000 won.
▲ Myung-hee Myung-hee, former head of the Trade and Negotiation Division of the Ministry of Trade, Industry and Energy
On this day, Samsung Electronics appointed Myung-hee Myung-hee, former head of the Ministry of Trade, Industry and Energy, and Eun-nyeong Huh, professor of energy and resource engineering at Seoul National University, to replace the vacant external directors. at the extraordinary general meeting held for the first time in approximately six years since October 2016.
At the general shareholders’ meeting, Vice Chairman Han Jong-hee said, “We will appoint new outside directors early to meet the requirement for a majority of the total number of outside directors, and continue to maintain the independence and professionalism of the board of directors .” I’ll do my best,” he said.
Independent director Yoo is an expert in the field of economics and trade who served as the head of the Trade and Negotiation Headquarters of the Ministry of Trade, Industry and Energy.
▲ Eun-nyeong Huh, Professor, Department of Energy and Resources Engineering, Seoul National University
Independent director Huh is an energy expert who has served as vice president of the International Association of Energy Economics (IAEE), president of the Korea Innovation Association, and president of the Korea Resource Economics Association. It is reported that Samsung Electronics has appointed experts in all fields as external directors to actively respond to international trade issues arising from the conflict between the United States and China and to achieve carbon neutrality. Before the start of the shareholders’ meeting, Samsung Electronics held a moment of silence to commemorate the victims of the Itaewon disaster. The workers who attended the site held a temporary general meeting in a serious atmosphere, wearing dark clothes and black masks.
Reporter Seong-guk Park
