June 25, 2003 in Social Responsibility News

Debt Guarantee for Related Party

Board Committee Resolution
The management committee of Samsung Electronics Co., Ltd. authorized a total of 9,790,800,000 in debt guarantee for Samsung General Chemicals Co., Ltd. on Jun 25, 2003.

Details
1. Samsung General Chemicals Co., Ltd.
- Debt guarantee: KRW 9,790,800,000
- Guarantee period: August 1, 2003 to July 31, 2013
- Creditor: Samsung Corporation, Samsung Techwin Co., Ltd.
- Debt guarantee ceiling to Samsung Asia Private, Ltd.: KRW 9,790,800,000
- The amount above shows the maximum extent of Samsung Electronics’ responsibility after implementing Samsung Corporation and Samsung Techwin’s “joint & several liabilities” regarding Samsung General Chemicals Co., Ltd.


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