Samsung Electronics Co. on Tuesday said it was reportedly considering dividing the company into two parts, a move seen as necessary for heir-apparent Lee Jae-Yong to take over the firm from his father.

Elliott Management, an activist hedge fund from the United Sates that owns 0.6 percent of Samsung, is pressuring the company to divide itself into two – a holding vehicle to help the owners and an operating company.


Leave a Reply

Your email address will not be published. Required fields are marked *