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Samsung Hits Record 107T Won Quarterly Profit
Samsung Electronics reported a third-quarter operating profit of 107.44 trillion won ($80.4 billion), up 783.1% year-on-year, marking the first time a global tech firm has surpassed 100 trillion won in quarterly profit. Revenue reached 195.25 trillion won, up 126.9%, with the semiconductor-focused Device Solutions division contributing 106.5 trillion won in operating profit, driven by AI chip demand. The company also announced a 30 trillion won ($22.5 billion) dividend payout, a 12-fold increase per share, to address its sluggish share price. Yonhap and KBS World report the earnings as a record, with Business Korea noting it as a first for the industry.
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