[Local Korean hedge funds call on Samsung to repurchase and cancel preferred shares] On September 15, it was reported that a South Korean hedge fund urged Samsung Electronics to repurchase and cancel preferred shares, becoming one of the first shareholders to directly promote this measure in order to increase the company's valuation. In a letter to Samsung's board and management this week, Life Asset Management called on the South Korean tech giant to buy back and cancel preferred shares until the price difference between them and common shares is eliminated. The fund asked Samsung's board of directors to review the plan at its October meeting and cancel the relevant shares by the end of December. Life Asset's call signals increased pressure on the chipmaker from shareholders after Samsung recently unveiled plans to return up to 110 trillion won ($81.7 billion) to investors this year to share the vast wealth generated by the AI ​​boom. While Samsung has yet to fully disclose details, industry observers have stressed that preferred shares should be bought back given their steep discount to common shares.