Samsung Electronics Co., Ltd. GDR (Preferred Stock) (SMSD)

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https://www.samsung.com

Samsung Electronics Co., Ltd. GDR (Preferred Stock) is a global depositary receipt representing non-voting preferred shares of Samsung Electronics Co., Ltd., a leading diversified electronics conglomerate. Each GDR corresponds to 25 underlying preferred shares, enabling international investors to gain exposure to the company's performance without direct purchases on the Korean market. Samsung Electronics manufactures and sells smartphones, televisions, home appliances, telecommunications equipment, and key components like semiconductors and flat panel displays, holding positions as the world's largest producer in smartphones, televisions, and memory semiconductors, with mobile phones and semiconductors comprising over 70% of revenue and profit. These preferred shares offer non-cumulative dividends at a rate 1% higher annually than common shares, enhancing appeal for income-focused holders while lacking voting rights. Transitioned from the Luxembourg Stock Exchange to the London Stock Exchange's main market around early 2025, this GDR facilitates broader European access, improved liquidity, and adherence to global governance standards, underscoring Samsung's strategic global investor outreach.