Korean Hedge Fund Urges Samsung to Buy Back and Cancel Preferred Shares

The push targets the persistent valuation discount between Samsung's preferred and common shares, a structural gap that buybacks and cancellation would directly address by shrinking the preferred float. It signals that activist pressure on Korea's largest listed company is now coming from domestic funds, not only foreign investors, which matters for how the board weighs capital-return demands at its October meeting. The open question is whether the board engages with the proposal at all, and whether the December timeline is treated as a real deadline or a negotiating position.