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SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (KS005930, KS005935, SMSN, SMSD), a global leader in technology, has announced its plans to provide substantial financial contributions to its Device Solutions (DS) Division suppliers and to aid regions affected by wildfires in South Korea.
The company’s Board of Directors authorized a fund of approximately KRW 38.6 billion to incentivize suppliers within its DS Division. This initiative is targeted at 181 first- and second-tier suppliers classified as small and medium-sized enterprises (SMEs) that are part of the division’s operations. The goal of these incentives is to enhance workplace safety, product quality, and foster collaborative efforts between Samsung (KS:005930) and its partners.
Evaluations of supplier performances for the first half of 2025 are scheduled for August, while the second half will be assessed in February 2026. Suppliers that achieve a certain performance rating will be eligible to receive a portion of the incentive funds, with the total estimated contribution for all suppliers in the DS Division operations reaching KRW 49.8 billion.
Furthermore, Samsung has committed to donate KRW 1.85 billion to the Korean Red Cross to assist with the recovery efforts in Gyeongsang province and Ulsan following devastating wildfires. This donation includes a previous contribution of KRW 0.9 billion made on March 28, 2025.
These contributions reflect Samsung’s ongoing commitment to corporate social responsibility and its role in supporting both its business ecosystem and the broader community in times of need. The "Large, Small-and-Medium Size Enterprises, Farming and Fishing Industries Cooperation Foundation" will be responsible for distributing the incentives to eligible suppliers, ensuring that the funds reach the intended recipients.
This announcement, based on a press release statement, demonstrates Samsung’s proactive approach to contributing to the well-being of its partners and the communities affected by natural disasters in its home country.
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