(2nd LD) Seoul stocks close over 3 pct lower amid Samsung's shareholder return plan

Seoul stocks experienced a significant decline on Monday, August 24, closing more than 3 percent lower. The market downturn was attributed to investor disappointment following the announcement of Samsung's shareholder return plan.

The sharp drop reflects a negative market reaction to the company's strategic update. The decline in the broader Seoul index highlights the substantial influence Samsung holds over the local equity market.