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Samsung Electronics Co Ltd (005930.KS)

005930.KS on Korea Stock Exchange

1,748,000.00KRW
6 Dec 2016
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₩30,000.00 (+1.75%)
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₩1,718,000.00
Open
₩1,722,000.00
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₩1,760,000.00
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Latest Key Developments (Source: Significant Developments)

Samsung Electronics Canada announces refund and exchange options for Note7 devices
Thursday, 13 Oct 2016 02:15pm EDT 

Samsung Electronics Canada Inc:Samsung Electronics Canada Inc announces refund and exchange options for Note7 devices.  Full Article

Moody's says Samsung Electronics' Galaxy Note 7 production halt is credit negative
Thursday, 13 Oct 2016 03:43am EDT 

Moody's: Moody's - Samsung Electronics' Galaxy Note 7 production halt is credit negative . Moody's - the production halt and recall is likely to reverse improving profitability at samsung's it and mobile communications (im) segment . Moody's-Samsung production halt and product recall are credit negative, but strong financial profile supports a1 senior unsecured rating,stable outlook . Moody's-Expects cash costs of production halt and recall will exceed original estimate of krw1.0-krw1.5 trillion ($900 million-$1.4 billion) when recall started .Moody's - the initial recall, followed by the production halt, threaten to have a more lasting negative effect on the Samsung brand.  Full Article

U.S. CPSC says Samsung expands recall of Galaxy Note7 smartphones
Thursday, 13 Oct 2016 03:29am EDT 

U.S. Consumer Product Safety Commission: U.S. Consumer Product Safety Commission - Samsung expands recall of galaxy note7 smartphones based on additional incidents with replacement phones . U.S. Consumer Product Safety Commission - about 1.9 million (this includes the 1 million galaxy note7s recalled on September 15, 2016 ) . U.S. Consumer Product Safety Commission - recall involves all Samsung Galaxy Note7 smartphones . U.S. CPSC - Samsung received 96 reports of batteries in note7 phones overheating in U.S., including 23 new reports since Sept 15 recall announcement . U.S. CPSC - Samsung has received 13 reports of burns and 47 reports of property damage associated with note7 phones .U.S. Consumer Product Safety Commission - about 1.9 million units recalled (this includes the 1 million galaxy note7s recalled on Sept 15, 2016 ).  Full Article

Samsung Electronics America expands recall of Galaxy Note7 devices to include original and replacement devices
Thursday, 13 Oct 2016 03:09am EDT 

Samsung Electronics America Inc: Samsung Electronics America Inc expands recall of Galaxy Note7 devices to include original and replacement devices . Samsung Electronics America -expansion of Galaxy Note7 recall to include original and replacement devices sold in us before and after Sept 15 . Samsung Electronics America - decision to include new galaxy note7 replacement devices as part of expanded recall was made after co stopped production, sale, exchange of product on oct 10 .Samsung Electronics America -owners of galaxy note7 devices can exchange their phone for another samsung smartphone device, or receive a refund.  Full Article

Fitch says reputation risk bigger than cost impact of Samsung recall
Wednesday, 12 Oct 2016 11:22pm EDT 

Fitch: Fitch - reputation risk bigger than cost impact of Samsung recall . Fitch - Impact of note 7 incident unlikely to be significant enough in itself to affect Samsung stable credit rating, which is supported by strong financial metrics . Fitch - problems with the note 7 have raised long-term uncertainty about Samsung Electronics' handset operations . Fitch - expect co's profit for next few quarters to be affected by loss of smartphone sales and additional expenses related to the note 7, such as legal claims . Fitch - Note 7, other potential Samsung Electronics' handset customers may now chose Apple or mid-tier cos, if damage to Samsung and Galaxy brands is sustained .Fitch - believes that the benefits of Samsung Electronics' diversified product portfolio have reduced its vulnerability to shock.  Full Article

BRIEF-Elliott Management affiliates say Note 7 issues do not change Samsung view
Wednesday, 12 Oct 2016 10:53am EDT 

Elliott Management affiliates Blake Capital LLC and Potter Capital LLC: Recent issues surrounding Galaxy Note 7 do not diminish Elliott Management's positive view on Samsung Electronics Co Ltd <005930.KS> Further company coverage: [005930.KS] ((bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

Royal Mail and Parcelforce unable to accept posting of Galaxy Note 7 phones due to recent concerns
Wednesday, 12 Oct 2016 09:11am EDT 

Royal Mail : Royal Mail- Due to incidents, concerns raised by Samsung about Galaxy Note 7, Royal Mail, Parcelforce are unable to accept posting of Galaxy Note 7 phones ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Australia's Optus temporarily halting Galaxy Note 7 distribution
Sunday, 9 Oct 2016 11:41pm EDT 

Optus: Says it has decided to temporarily suspend distribution of replacement Galaxy Note 7s (Reporting By Se Young Lee) ((Vincentsy.Lee@thomsonreuters.com;)).  Full Article

T-Mobile suspends sales and exchanges of Samsung Galaxy note 7 devices- CNBC
Sunday, 9 Oct 2016 07:57pm EDT 

: T-Mobile suspends sales & exchanges of Samsung Galaxy Note 7 devices; customers can exchange note7 for any other device- CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Southwest Airlines says prior to flight 994 departing from Louisville for Baltimore,customer reported smoke emitting from Samsung electronic device
Wednesday, 5 Oct 2016 03:28pm EDT 

: Southwest Airlines - Prior to flight 994 departing from Louisville for Baltimore,customer reported smoke emitting from Samsung electronic device ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Samsung Group leader vows to avoid future political scandals

SEOUL, Dec 6 Samsung Group leader Jay Y. Lee said on Tuesday he will work to ensure South Korea's top conglomerate avoids becoming involved in scandals such as the current influence-peddling allegations surrounding President Park Geun-hye.