Samsung Electronics plans to pursue a share buyback worth about 90 trillion won, according to a report by Yonhap News Agency citing unnamed industry sources. The reported value is approximately $58.6 billion based on the won’s current exchange rate. Multiple outlets describe the programme as one of the largest share repurchases by a South Korean company. The Next Web reports that Samsung intends to use the buyback to help fund a chip-worker bonus, while the Seeking Alpha item also points to a similarly sized repurchase plan, putting the figure at about $59 billion. CNA also relays Yonhap’s account of the proposed 90 trillion won buyback, without providing additional details beyond the reported plan. The reports do not specify the exact timing, expected share amounts, or whether the company has officially confirmed the proposal. Shares reportedly rise sharply on the news, with The Next Web noting a jump of more than 6% at the time of reporting. Overall, the coverage centers on the size of the buyback and the rationale discussed by sources, attributed to Yonhap’s reporting from unspecified industry contacts.