Samsung Elec to convene board meeting Friday to discuss shareholder return plan, says source

SEOUL, Aug 21 : Samsung Electronics plans to hold a board meeting on Friday afternoon to discuss a new shareholder return package, a person familiar with the matter told Reuters, after media reports said the plan could be worth more than $70 billion. The source did not give details, but said it could be a significant amount and the meeting could take place after the market closes.A Samsung Electronics spokesperson declined to comment.South Korea's MoneyToday reported on Thursday that the company is set to announce a new shareholder return policy ​later this month worth more than ‌100 trillion won ($71.75 billion). Samsung Electronics, the world's top memory chipmaker and rival SK Hynix, have been under growing investor pressure to return more of their AI-driven cash gains to shareholders t