Report: Samsung Is Mulling A Split Into Two Companies

Samsung Electronics is considering a break-up of the company into two parts, according to a report Monday.

The report, from the Seoul Economic Daily, indicates that Samsung is mulling the split after pressure from activist investor Elliott Management, which owns a 0.6 percent stake in Samsung Electronics.

[Related: Samsung Nominates Son Of Current Chairman To Board Amidst Company Turmoil]

Specifics about how the company - a maker of diverse products including smartphones, televisions and home appliances - would be divided were not disclosed in the report.

Samsung plans to hold a conference call on Tuesday to reveal plans for increasing shareholder value.

The pressure from Elliott, a hedge fund management firm, comes as the South Korean technology giant is undergoing a leadership transition with Jay Y. Lee – son of current Chairman Kun-hee Lee – taking a board seat this fall. Kun-hee Lee has been hospitalized since suffering a heart attack in May 2014.

Samsung is also looking to plot its direction following the disastrous Galaxy Note7 saga.

The smartphone was prone to catching fire both in its original and replacement versions. Samsung responded by halting production of the Galaxy Note7 and issuing a recall of all original and replacement Galaxy Note7 devices.

The incidents have cost Samsung at least $5 billion in direct losses and are expected to further hurt the company by delivering a hit to its reputation in the market.