Seoul, Jan. 8 -- Samsung Electronics Co. announced on Wednesday its decision to purchase treasury shares worth approximately 2.5 trillion won (USD 1.72 billion). The technology giant intends to utilize these shares for employee stock-based compensation programs. This move follows a board meeting where the company finalized plans to buy back a total of 18 million shares between January 8 and April 7.

"Samsung Electronics Co. said on Wednesday that it will purchase treasury shares worth about 2.5 trillion won ($1.72 billion) to spend for employee stock-based compensation," according to a report by Pulse, the English service of Maeil Business News Korea.

The buyback value is calculated based on the closing price of 138,900 won (USD 95,618)...