South Korean activist fund Life Asset Management is urging Samsung Electronics to use roughly 63 trillion won in remaining 2026 shareholder-return funds to buy and immediately cancel preferred shares trading at about a 25%-26% discount to common stock. The fund sent its proposal to Samsung’s board on September 14 and wants it reviewed in October, with cancellations completed by December. Samsung’s preferred shares rose 2.51% to 191,800 won as the KOSPI recovered 0.10% to 6,634.03, while common shares were little changed at 249,000 won. The discount has narrowed from about 37%, partly on buyback speculation. Life Asset Management said cancellations could increase per-share value while avoiding ownership-ratio restrictions affecting voting stock. The proposal follows Samsung’s August 2026 shareholder-return plan, worth up to 110 trillion won, or approximately $81.8 billion, through 2030. Preferred shares at more than 100 South Korean companies trade at an average 45% discount to common stock because of reduced voting rights, thinner liquidity and governance concerns. The market backdrop remained difficult as foreign investors extended net selling to six sessions, oil prices surged on Middle East and supply disruptions, the 10-year U.S. Treasury yield reached 5.041%, and CME FedWatch put the probability of a 0.25 percentage-point Federal Reserve rate increase at 94.5%.