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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Electronics Co., Ltd.    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

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Samsung Electronics : S.Korea’s Moon says always ready to talk with Japan over history disputes

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08/15/2020 | 12:02am EDT

SEOUL, Aug 15 (Reuters) - South Korea's President Moon Jae-in said on Saturday, the 75th anniversary of Japan's surrender in World War Two, that his government was always ready to talk with Tokyo about disputes over history that continue to divide the two neighbours.

Moon was speaking at an anniversary celebration marking the Korean peninsula's liberation from Japan's 1910-1945 colonisation.

In Tokyo, Japanese Prime Minister Shinzo Abe pledged never to repeat the tragedy of war.

The two countries are at loggerheads over a 2018 decision by South Korea's Supreme Court that ordered a Japanese steelmaker to pay compensation for forced labour during World War Two.

Nippon Steel Corp was ordered to pay 100 million won ($84,000) each to four South Koreans as compensation.

"We have been holding discussions with the Japanese government on an amicable solution that the victims can agree on," said Moon. "The door for negotiation is still wide open."

Japan argues the ruling violates international law because all claims for compensation arising from Japan's colonisation were settled under their 1965 diplomatic treaty.

Seoul says the ruling must be respected as a decision by an independent judiciary.

In a move widely seen as retaliation for the ruling, Japan last year said it would stop preferential treatment for shipments to South Korea of some key high-tech materials whose production it dominates and which are used by firms such as Samsung Electronics Co.

Talks to resolve the export curbs have stalled and South Korea is proceeding with a complaint to the World Trade Organization.

Moon also said inter-Korean cooperation will serve as the best security policy for both the South and North Korea to be "free from dependence on nuclear and military power."

"The more solid the cooperation between the two Koreas, the stronger the security of each of the South and the North will be," said Moon. "This will serve as an impetus that will lead to prosperity in cooperation with the international community." ($1 = 1,186.9400 won) (Reporting by Sangmi Cha; Editing by Shri Navaratnam and William Mallard)


Stocks mentioned in the article
ChangeLast1st jan.
NIPPON STEEL CORPORATION 0.58% 1119 End-of-day quote.-32.35%
SAMSUNG ELECTRONICS CO., LTD. 0.17% 60200 End-of-day quote.7.89%
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Financials
Sales 2020 237 295 B 210 B 210 B
Net income 2020 27 042 B 24,0 B 24,0 B
Net cash 2020 99 623 B 88,4 B 88,4 B
P/E ratio 2020 14,6x
Yield 2020 2,37%
Capitalization 403 241 B 357 B 358 B
EV / Sales 2020 1 699x
EV / Sales 2021 1 525x
Nbr of Employees -
Free-Float 82,9%
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Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 40
Average target price 75 725,00 KRW
Last Close Price 60 200,00 KRW
Spread / Highest target 44,5%
Spread / Average Target 25,8%
Spread / Lowest Target -0,33%
EPS Revisions
Managers
NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Jae-Wan Park Chairman
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