SEOUL, Aug 4 (Reuters) - South Korean retail shareholder platform ACT said on Tuesday it had launched a campaign to call an extraordinary ‌shareholders' meeting at Samsung Electronics, urging the chipmaker to buy back about $32 ‌billion worth of shares and set limits on performance bonuses.
ACT said it would begin collecting electronic signatures from shareholders at 5 p.m. local time and seek support from the National Pension Service and domestic and overseas **** et managers to meet the 3% ownership threshold required to call the meeting.
The move comes after Samsung shares lost over ‌one third of their value ⁠since hitting record-highs in June, despite the artificial intelligence boom. The falls were driven by a sharp wave of deleveraging ⁠and renewed skepticism regarding the durability of AI infrastructure spending.
"This is not simply an expression of dissatisfaction over a falling share price. We are asking a basic capital-market question: who really owns a corporation?," it said in a statement, saying the campaign ‌aims to help the company become a shareholder-friendly company.
"Retail shareholders are like a company's fan club: they praise it when it performs well and take out the stick when it does not," it said.

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