October 18, 2004 in Social Responsibility News

Purchase of Real Estate from Related Party

1. Name of seller (related party)

Samsung Corporation, Cheil Industries, and Samsung Corning




- Relationship to company

Affiliate




2. Details of purchase

Date of purchase

-




Transaction target

A total of 2,248 pyeong of land (1,726 pyeongs from Samsung Corporation, 261pyeongs from Cheil Industries, and 261 pyeongs from Samsung Corning)




Location of real estate


Seoul, Korea, Seocho-gu Seocho-dong 1320-1 and others





Purchase amount (KRW)

135,509,000,000




Accumulated amount of real estates purchased from relate party concerned (KRW)

135,509,000,000




Profits and losses resulting from the purchase (KRW)

-




3. Purpose of purchase


The land purchase aims to construct a Samsung Electronics office building in Seocho-gu Seoul, Korea.





4. Board decision date

10/15/2004




- Attendance of outside directors

Present (no.)

6

Absent (no.)

1




- Attendance of auditors

-




5. Applicability of Fair Trade Act

no




6.
Others


The decision date in item No. 4 is the date when the BOD authorized the purchase.






Date of relevant disclosure

-


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