December 18, 2000 in Social Responsibility News

Extension of P-Bond Period with Hutchison

1. Contract counter party: Hutchison (Australia)
2. P-Bond: Samsung Electronics is extending the period of the P-Bond which was issued by The Export-Import Bank of Korea for the CDMA equipment contract between Samsung Electronics and Hutchison.
- Name of Bank: The Export-Import Bank of Korea
- Guarantee amount: $25,099,880
- Rate: 0.7 % per year
- Period: December 18, 2000 to December 17, 2001
3. The business contract was initially to expire in December 2000 but, the contract period extended by June 2001 since business delays. Therefore, the P-Bond period needs to be also extended.


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