Samsung Electronics says difficult to adopt holding company structure

Markets Reuters

  • Employees walks in the building of Samsung Electronics in Seoul, South Korea, February 28, 2017. Picture taken February 28, 2017. REUTERS/Kim Hong-Ji

    Employees walks in the building of Samsung Electronics in Seoul, South Korea, February 28, 2017. Picture taken February 28, 2017. REUTERS/Kim Hong-Ji (Copyright Reuters 2017)

  • The logo of Samsung Electronics is seen in front of its building in Seoul, South Korea, February 28, 2017. Picture taken February 28, 2017. REUTERS/Kim Hong-Ji

    The logo of Samsung Electronics is seen in front of its building in Seoul, South Korea, February 28, 2017. Picture taken February 28, 2017. REUTERS/Kim Hong-Ji (Copyright Reuters 2017)

Samsung Electronics Co Ltd <005930.KS> said on Friday it will be difficult to adopt a holding company structure at this time.

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"We will review various aspects including legal and tax-related issues and report the findings to shareholders," Samsung Chief Executive Kwon Oh-hyun said at the company's annual shareholder meeting.

"But there are negative effects that would arise from transitioning to a holding company so it does not appear it will be easy to do so at present."

(Reporting by Se Young Lee; Editing by Stephen Coates)