Purchase of Retirement Pension Policy

On October 29, 2010, the Board of Directors of Samsung Electronics authorized the purchase of a retirement pension policy.

▫ Details

1. Insurer: Samsung Life Insurance

2. Type of Pension Policy: Retirement pension policy (Defined Benefit)

3. Terms and Conditions
- Retirement Pension Premium: KRW 409.7 billion
• The payment of KRW 409.7 billion takes into account interest accruals of KRW 53.2 billion, and actual premium of KRW 356.5 billion.
- Retirement Pension Claim: Samsung Life will pay 70% of severance pay when a Samsung Electronics employee leaves the company

4. The purchase of retirement pension policy aims to manage severance pay in a stable manner and improve profitability of the asset.


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