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Samsung mulls stock split

South Korean smartphone leader looks to alleviate investor pressure

IT Business, Financial news, Samsung Electronics Company

South Korea's Samsung Electronics is mulling a stock split following a slip in profits, Reuters reported.

The company's head of investor relations Robert Yi told media the split had been under discussion for some time, but no decision was imminent.

"We acknowledge the sentimental effect of a stock split, but how big an effect such an action can have on the company's long-term value needs to be considered from a variety of angles," Yi said.

Investors would likely welcome a split as it could attract more retail business to the stock. Samsung has already launched a $2bn share buy-back scheme and pledged an increase in its 2014 year-end dividend by up to 50%, to alleviate pressure from shareholders.