On March 10, 2026 (local time), Samsung Electronics and SK Group jointly declared their intention to write off treasury stock amounting to KRW 20.8 trillion (roughly US$14.1 billion). This strategic move comes as a direct response to South Korea's ongoing corporate governance reform initiatives. Specifically, Samsung Electronics has outlined plans to write off 87 million shares of its treasury stock, inclusive of preferred shares, within the first half of this year. Meanwhile, SK Group is set to write off treasury stock valued at KRW 4.8 trillion, representing about one-fifth of its total outstanding shares. The overarching goal of these actions is to bolster corporate governance standards, mitigate the persistent 'Korea Discount' phenomenon that has affected South Korean stocks, and ultimately elevate company valuations through enhanced earnings per share and improved shareholder returns.