December 21, 2004 in Social Responsibility News

Related Party Transaction

Details

1. Purpose
- Samsung Electronics plans to reimburse three affiliates for development cost they spent on 2,248    pyeongs of the 3,795 pyeongs of land the company purchased from the affiliates to build an office building.

2. Transaction counterpart :
   Samsung Corporation, Cheil Industries, and Samsung Corning

3. Transaction amount: KRW 13.9 billion
- Samsung Corporation (KRW 11.5 billion), Cheil Industries (KRW 1. 2 billion), and Samsung Corning (KRW 1.2 billion)

4. The BOD of Samsung Electronics authorized the plan on December 21, 2004


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