Date: 29 November 2016 22:46
Baku, November 29, AZERTAC
Samsung Electronics said Tuesday it was considering splitting the company into two as it faces growing pressure to overhaul its governance during a crucial power transfer in top management, according to AFP.
The announcement came as the South Korean electronics giant is seeking to ensure a smooth succession to Lee Jae-Yong, the firm's vice chairman and scion of the parent Samsung group's founding Lee family.
It is also struggling to contain the fallout from a global recall of its Galaxy Note 7 smartphone caused by exploding batteries as well as a snowballing political scandal in South Korea.
The firm said in a statement it would consider breaking into a holding firm and a producing and operating unit, and would take at least six months to study the option.
It also said it would increase its dividend payout to shareholders to more than 4 trillion won ($3.4 billion) this year, up more than 30 percent from a year ago.