Samsung Electronics plans US IPO to raise profile

After several years of cost-cutting and reorganization, Samsung Electronics is ready to raise its global profile with an initial share offering in the US.

Samsung Electronics, Korea's largest electronics maker, said it plans an initial public offering of its shares in the US as early as next year as it seeks to achieve a global financial presence to match its internationally recognized brand name.

The Korea-based company has formed a task force to examine whether to apply to the technology-heavy Nasdaq or to the main New York Stock Exchange. It wants to ensure it is in compliance with all listing requirements and other obligations such as corporate governance before applying to either.

The planned move is part of a broader strategy by Samsung Electronics to transform itself into a global powerhouse by bringing its accounting practices in...

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