Korea's tech giant Samsung Electronics has outdone itself again, with it's fourth quarter profits up 64-percent on-year, on the back of huge semiconductor profits.<br />Cha Sang-mi has more. <br /> Korea's Samsung Electronics said it recorded an operating profit of about 14 billion U.S. dollars for the quarter ending in December,-- up 64-percent from the year before. <br />The company's fourth-quarter revenue was around 61-and-a-half billion dollars,... up 23-percent on-year.<br /> Looking at the full year,... the company recorded sales of 223-point-4 billion dollars last year, with an operating profit of over 50 billion dollars, nearly doubling that seen the year before.<br />All of this,... over strong demand for memory chips and sales of high-end display panels that go into Apple's iPhone X. <br /> The world's biggest chipmaker, said it expects the demand for chips to remain strong in the new year,... and announced a 50-to-1 stock split. <br />Upon the announcement, the company's shares jumped more than 6-percent during the morning trade,... with shares hovering around 2,460 dollars, two hours into trading.<br /> In a written statement, Samsung said its board believes a stock split would make investing in the company "more accessible and provide dividends to a wider range of investors from 2018."<br /> The company managed to increase the value of its shares by 41-percent last year,... despite the leadership vacuum due to its heir apparent Lee Jae-yong's imprisonment related to the corruption scandal surrounding former President Park Geun-hye.<br />Cha Sang-mi, Arirang News. <br />
