June 20, 2006

Insurance Policy Purchase

On June 20, 2006, the Board of Directors of Samsung Electronics authorized the purchase of an insurance policy.


1. Insurer: Samsung Life Insurance

2. Insurance Policy Purchase Date: June 30, 2006 (premium payment date)

3. Type of Insurance Policy: Severance insurance policy

4. Terms and Conditions of Insurance
- Insurance Premium: KRW 160.2 billion
(Taking into account KRW 12.9 billion of interest accruals, the actual premium to be paid is KRW 147.3 billion)
- Insurance Claim: Samsung Life will pay 59% of severance pay when a Samsung Electronics employee leaves the company.
- Insurance Period: From policy purchase date to severance payment date
- Premium Payment Mode: Payment in full
- Interest Rate: 4.6 % (floating rate)

5. The purchase of insurance policy aims to manage severance pay in a stable manner and improve profitability of the asset.

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.
The Shop Samsung app
Free standard shipping, exclusive offers and financing options.

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.