1. Samsung Electronics shares open up as group scion poised to take board seat

Samsung Electronics shares open up as group scion poised to take board seat

Shares of tech giant Samsung Electronics Co Ltd opened higher on Tuesday, clawing back some losses from a day earlier following news that Samsung Group de facto leader Jay Y. Lee is poised to take a board seat.

By: | Seoul | Published: September 13, 2016 8:51 AM
Samsung, Samsung Electronics, Samsung Electronics shares, Jay Y. Lee, Jay Y. Lee samsung Samsung Electronics shares were up 2.5 percent as of 0002 GMT, rebounding from a 7 percent fall on Monday and outperforming a 1 percent gain for the broader market. (Reuters)

Shares of tech giant Samsung Electronics Co Ltd opened higher on Tuesday, clawing back some losses from a day earlier following news that Samsung Group de facto leader Jay Y. Lee is poised to take a board seat.

Samsung Electronics shares were up 2.5 percent as of 0002 GMT, rebounding from a 7 percent fall on Monday and outperforming a 1 percent gain for the broader market.

Analysts and investors said Lee’s move to take a board seat at the flagship of South Korea’s top conglomerate will improve transparency and corporate governance for Samsung Electronics.

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