July 19, 2002 in Social Responsibility News

Purchase of Non-life Insurance Policy

Objective
- To cover damage or loss the Company may suffer from fire or
other accidents at its semiconductor factories.

Details
- Insurance company: Samsung Fire & Marine Insurance Co., Ltd.
competitors.
- Name of insurance policy: "Package policy" that covers SEC from
fire, accidents involving electricity and machine, suspension of
business operation, damages claim and etc.
- The insured facilities and equipment: Buildings and machinery of
semiconductor factories located in Giheung, Hwaseong, Cheonan,
and Onnyang.
- Rate : 0.1878% on average
- Total premium : KRW53.1billion
- Limit of coverage : KRW2.5trillion
- Insurance Period : August 1, 2002 ~July 31, 2003


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