0118 GMT - Samsung Electronics' 2026 shareholder return program--estimated by the company at 90 trillion won to 110 trillion won--is seen as falling short of market expectations, Kyobo Securities' Choi Bo-young says. Investors had previously expected the South Korean tech giant to return up to 140 trillion won to shareholders this year, the analyst writes in a note. Although Samsung says it will be its biggest-ever shareholder return, Choi says the plan is unlikely to come as a "surprise" to investors. Samsung has approved 30 trillion won in 3Q dividends and 15 trillion won in a new share buyback for employee compensation, with other shareholder-return details to come later.