Samsung considering advice to split in two

Samsung is currently deciding whether or it not it should follow the advice of the US hedge fund management firm Elliott Management that has proposed that the company split its business in two, with one holding company for ownership and another for operations. Elliott first proposed the split in October with the aim of boosting shareholder value. However, this move would also benefit the Lee family that owns Samsung as it would grant them tighter control over the company. The proposal will be decided on by the company's board of directors on Tuesday, November 29. The Korean Exchange is eager… [Continue Reading]