January 07, 2005 in Social Responsibility News

Other Major Management Issues

Regarding Samsung Electronics’ decision to sell its equity holdings of Dacom and Hanaro Telelcom, disposal deadline of May 25, 2004 was extended by one year to sell off remaining shares of our equity holdings.
Samsung Electronics has completed sales of the remaining share holdings in Dacom in the open stock market as of January 7, 2005


1. Details of company (as of end of Q3, 2004)
- Name: Dacom
- CEO: Chung, Hong-Sik
- Paid in capital: KRW 252,136 million
- Shares outstanding: 50,427,119 shares
- Business area: Telecommunication

2. Disposal details
- Transaction amount: KRW 12.95 billion
- Number of shares sold: 2,450,717 shares
- Ownership after the disposal (share, %): None

3. Purpose: Disposal of low performing assets


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