Samsung Electronics considers splitting firm in two


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Samsung Electronics has confirmed it is considering dividing the company into two separate firms.

The company has been under pressure from some investors to break itself into a holding unit and an operating company to boost shareholder value.

The South Korean technology giant also announced plans to increase dividends and said it would continue to buy back more shares.

Restructuring pressure had mounted after the Galaxy Note 7 fiasco.

In October, the company was forced to stop production of its flagship smartphone model after failing to resolve battery problems leading to overheating and the devices catching fire.

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