November 27, 2014

Transaction with affiliate companies

On 26 November 2014, the Board of Directors (BOD) of Samsung Electronics authorized the following related party transactions with affiliate companies.

1. Purchase of retirement pension policies from Samsung Fire & Marine Insurance Company and Samsung Securities Company.
- The Company contracted with five (5) intermediaries to efficiently manage severance pay and improve profitability of the asset. The Company contracted with three other independent companies (Total five (5) companies) in addition to two companies affiliate companies reported here.


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