October 21, 2004 in Social Responsibility News

Retirement of an affiliate company

Details

1. Affiliate company to be retired:
A. Name: Mpeon
B. CEO: Namkook Kang
C. Financials:
i. Total Assets: KRW 2,094,000,000
ii. Total Liabilities: KRW 432,000,000
iii. Total Shareholder’s equity: KRW 1,662,000,000
iv. Paid-in-Capital: 2,590,000,000
D. Major Business Area: Various Software Consulting and Supply
E. Misc: Mpeon was liquidated and the above financials are based on 2003 year-end figures (amounts less than 1 million won was discarded)

2. Samsung Group Status
A. Number of affiliates (After the retirement): 126

3. Reason for retirement: Liquidation

4. Effective date: October 21, 2004

5. Misc:
A. Number of affiliates are based on 63 domestic affiliates specified by the FTC and 63 foreign subsidiaries (as of September 30, 2004)
B. Effective date is the retirement date as noted on FTC’s official notice


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