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31 Jul 2025 09:48
Transaction with Affiliate Company
The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on July 31, 2025, authorized the following related-party transaction with an affiliated company.
Long-term loans from Samsung Display
□ Major transaction terms
Loan type | Long-term loans | ||
Loan agreement date | February 16, 2023 | ||
Lender | Samsung Display | Relationship with the lender | Affiliate |
Loan period | February 17, 2023-February 16, 2028 | Maturity Date | February 16, 2028 |
Loan amount | KRW 20 trillion | ||
Total equity of borrower as of the end of the previous business year | KRW 236,396,657 million | ||
Percentage of loan to total equity | 8.46% | ||
Interest rate | 3.90%/year | ||
Method of loan payment | Lump sum at the maturity date (early payment is possible) | ||
Purpose | Operational costs | ||
Total amount of loans (in the business year the agreement was signed) | KRW 20 trillion | ||
Total assets of borrower as of the end of the previous business year | KRW 324,966,127 million | Percentage of loan to total assets | 6.15% |
Other information:
- This borrowing is intended to secure operating funds
- The above loan agreement date refers to the original agreement; and a contract extension is scheduled to be signed on August 14, 2025.
- Regarding the above interest rate, the interest rate for the original contract period (2023.02.17-2025.08.16) is 4.6% per year, and the interest rate for the extended contract period (2025.08.17-2028.02.16) is 3.9% per year
- The above 'Total amount of loans' includes the value of the loan that is the subject of this disclosure.
- The above values for total equity and total assets are from the end-2024 separate financial statements written
in accordance with K-IFRS.
- This disclosure is a correction related to the extension of the loan agreement disclosed on February 14, 2023.
- Number of Independent Directors present at the BOD Meeting: 6 (100%)
- Attendance of Audit Committee: Y
- Date of a relevant disclosure: February 14, 2023
※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose financial and real estate transactions in the event the value of such a transaction is greater or equal to KRW 10 billion and the counterparty is a financial affiliate of the party required to make the disclosure.
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