Samsung S-1

Governance in Distress

Code Red: Samsung Governance

S-1 is the market leader, yet its smaller rival, SK Shieldus, is winning on growth, profitability, and valuation. That is not a business problem – it is a governance problem.

Eighty percent of shareholders are calling. It’s time for Samsung to answer.

Presentation to Shareholders
Letter to Board of Directors
1

Market Leader

With a 51% market share, S-1 is Korea’s most recognized security brand.

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2

Deeply Undervalued

S-1 is worth only half as much as its smaller rival, SK Shieldus.

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3

Complacent

A decade of decline, yet no sense of urgency

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4

Governance Mystery

A rubber-stamp board. Parachute CEOs. 80% of shareholders ignored.

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5

Untapped Opportunity

Drones. Senior care. Cybersecurity. Opportunities abound – and are being ignored.

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6

Significant Upside

Better governance could unlock KRW 150,000 now, and KRW 450,000 over time.

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LETTERS

Letter to BOD

(Jun 26, 2026)
PRESENTATIONS

Shareholder Presentation

(Jun 24, 2026)
MEDIA

Jun 23, 2026

Reuters / Activist fund targets Samsung unit S1 in test of Korean governance reforms
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