Samsung Electronics Ordinary Shares Hit 54% Premium Over Preferred Stock, Record High Driven by ETF Inflows

According to DS Investment & Securities researcher Kim Soo-hyun, Samsung Electronics ordinary shares are trading at a 54% premium to preferred shares on July 8, marking a record high. The surge is driven by large-scale ETF inflows concentrated in ordinary shares over recent months, significantly widening the price gap between the two security classes.

International comparisons show the discount is excessive. Preferred shares at Alphabet, Berkshire Hathaway, and major German companies trade at only 1-5% discounts to ordinary shares, as those companies actively manage the price divergence through buyback programs and minority shareholder protection mechanisms.