October 18, 2002 in Social Responsibility News

Insurance Policy Purchase

1. Insurance company: Samsung Life Insurance

2. Insurance policy purchase date: December 30, 2002 (Premium payment date)

3. Type of insurance policy: Severance insurance policy

4. Insurance details
- Total premium: KRW 153.5 billion
- Insurance money: Samsung Life will pay 55% of severance pay in case a Samsung Electronics employee leaves the company.
- Insurance period: December 31, 2002 to December 30, 2003
- Premium payment: payment in full
- Interest rate: 6.1% (floating rate)

5. The purchase of insurance policy aims to manage severance pay in a stable manner and improve profitability of the asset.

6. The BOD of Samsung Electronics authorized the insurance policy purchase plan on October 18, 2002


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