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  "documentTitle": "Samsung Electronics Co., Ltd. (005930.KS)",
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      "text": "Samsung Electronics is unnecessarily overcapitalized with KRW77tn of cash and near cash items on its balance sheet, representing c. KRW540,000 per share or 32% of total assets",
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      "text": "Samsung Electronics is unnecessarily overcapitalized with KRW77tn of cash... 32% of total assets. Although management has taken initial steps... excess net cash position comes at a cost. Treasury shareholding remains uncancelled... drag on value. Balance sheet inefficiencies... weighed down ROE.",
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      "text": "Source: Company filings. Notes: 1. Net debt... 2. Samsung Electronics announced... 3. The value of the 19,010,776 ordinary treasury shares...",
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      "text": "2. SUB-OPTIMAL CAPITAL MANAGEMENT AT SAMSUNG ELECTRONICS",
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