...

Samsung affiliates' shares rise after death of Samsung Elec Chairman Lee

Business Materials 26 October 2020 04:42 (UTC +04:00)
Samsung affiliates' shares rise after death of Samsung Elec Chairman Lee

Shares in Samsung C&T and Samsung Life Insurance rose 20% and 15% respectively on Monday morning after Samsung Electronics Chairman Lee Kun-hee died on Sunday, Trend reports citing Reuters.

Lee, who built Samsung Electronics into a global tech giant, died on Sunday at 78, leaving potentially thorny succession issues for his children involving stakes in affiliates such as Samsung C&T and Samsung Life.

The wider market was up 0.5%.

Tags:
Latest

Latest