December 22, 2005 in Social Responsibility News

Lawsuit against Samsung Electronics and its affiliates regarding Samsung Motors

On December 22, 2005, the creditors of Samsung Motors filed a lawsuit against Samsung Electronics and its affiliates for their failure to carry out the agreement with the creditors.


Details

1. Legal parties
- Plaintiff: Thirteen creditors of Samsung Motors including Seoul Guarantee Insurance
- Defendant: Samsung Electronics and its affiliates
2. Court of jurisdiction: Seoul District Court
3. The creditors call on the companies to pay KRW 2,450,000,000,000 of the motor company’s debt, KRW 2,287,964,383,561 of penalty, and delinquency interest.


Welcome to Samsung

Sign up & get 10% off

Sign up and get 10% off your first order of $100 or more! Shop Samsung.com to find the best tech at the best prices and recieve news on our latest technology and exclusive offers.*

*Exclusion apply. Order must be a minimumm of $100 or more. Offer valid only for new Samsung.com customers. Must sign up for emails by 11/12/16. Promo code must be used by 11/19.

Fast, easy checkout with Shop Samsung App
Easy sign-in, Samsung Pay, notifications, and more!
Or continue shopping on Samsung.com
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.
GET
×

You Are About To Be Redirected To Investor Relations Information for U.S.

Thank you for visiting Samsung U.S. Investor Relations. You will be redirected via a new browser window to the Samsung Global website for U.S. investor relations information.
CANCEL
CONTINUE