January 10, 2005 in Social Responsibility News

Response to Disclosure Request Regarding Media Report on Samsung Electronics' Participation in Samsung Card’s Rights Offering

Although Samsung Card is considering a rights issue as the Financial Supervisory Service strengthens its regulations governing credit card company’s provision levels (New strengthened regulations will become effective on June 30, 2005), as far as we know, no decision has been reached on this matter.

In case Samsung Card decides to go ahead with the rights offering in the future, Samsung Electronics will decide whether or not to participate in the rights offering based on what is best for the interests of both the shareholders and the company.

Further disclosure will be made as soon as more detailed information becomes available.

Disclosure officer: Woosik Chu, Senior Vice President, IR team

※ The above information is disclosed at the request of the Korea Stock Exchange that was made at 14:16 January 10, 2005.


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