Samsung commits over $16 million to education and skills

Published 18/02/2025, 11:10
Samsung commits over $16 million to education and skills

SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (KS005930, KS005935, SMSN, SMSD), a global leader in technology, has announced on Monday its charitable contributions for the year 2025, focusing on education and social welfare initiatives. The company's Board of Directors has approved a series of financial contributions that aim to support youth education, enhance local educational infrastructure, and foster global industrial talent.

The Social Contribution Matching Fund, which combines voluntary employee donations with equivalent company funds, will receive KRW 11.38 billion from Samsung (KS:005930). This fund is designed to support projects that assist vulnerable social groups and promote youth education.

In addition, Samsung has pledged KRW 2.414 billion to the Chungnam Samsung Academy. This contribution, scheduled for early March 2025, is part of the company's strategy to attract talented employees by investing in the education of their children and improving local academic facilities.

The company is also extending its global reach by sponsoring the 48th WorldSkills Competition in Shanghai, China. Samsung will provide EUR 1.65 million (approximately KRW 2.43 billion) to WorldSkills International in March 2025. This support underscores Samsung's commitment to nurturing future talent and contributing to worldwide industrial development.

These contributions are part of Samsung's broader corporate social responsibility efforts and reflect the company's ongoing commitment to giving back to the community. The financial contributions are expected to have a positive impact on society by providing educational opportunities and supporting the development of essential skills among young people.

This announcement is based on a press release statement and provides a glimpse into Samsung's philanthropic endeavors for the upcoming year. The company's dedication to social contribution continues to be an integral part of its corporate ethos.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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