Samsung Electronics announces transactions with affiliates

SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (KS005930, KS005935, SMSN, SMSD) disclosed on Monday a series of transactions with its affiliated companies, following the authorization by its Board of Directors. The transactions are in compliance with the Korean Fair Trade Act, which requires disclosure when the value of such transactions with an affiliate exceeds KRW 10 billion.

The first transaction involves Samsung Electronics (KS:005930)’ participation in a rights offering by Samsung SDI (KS:006400), an affiliate, scheduled for May 22, 2025. The company plans to acquire 2,284,590 common shares of Samsung SDI, valued at KRW 334 billion, with the total invested capital in SDI reaching KRW 1,728.2 billion. This move is aimed at purchasing new shares issued by Samsung SDI that are allotted to existing shareholders.

Additionally, Samsung Electronics disclosed the purchase of an employee insurance policy from Samsung Fire & Marine Insurance (KS:000810), with the application date set for May 2, 2025. The policy, which has a premium of KRW 26.2 billion and covers a three-year period, is part of the company’s welfare program to insure eligible employees against unforeseen health costs.

The third transaction entails an investment in the New Technology Investment Association (SVIC 74), established by Samsung Venture Investment Corporation. Scheduled for May 2025, the investment of KRW 148.5 billion is designed to support the discovery and acquisition of promising technologies, thereby enhancing business competitiveness in the digital transformation (DX) division.

All three transactions were discussed and approved in a meeting attended by six independent directors and the Audit Committee. These investments represent Samsung Electronics’ strategic efforts to bolster its market position and support employee welfare.

This information, based on a press release statement, was provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is subject to terms and conditions. The disclosure ensures transparency in Samsung Electronics’ financial dealings with its affiliated companies.

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