Last checked at 24 Mar 2017 08:26
Charitable Contribution
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") announced today that its Board of Directors has authorized the following contribution and management plans for the Social Contribution Fund for 2017.
Sponsoring WorldSkills Competition
- SEC will contribute EUR 1.35 million (approximately KRW 1.63 billion) for the purpose of sponsoring the WorldSkills Competition
Abu Dhabi 2017 as a Global Premium Partner and WorldSkills International, the organizing committee of WorldSkills Competition,
from 2017 to 2018.
Management plans for the Social Contribution Fund for 2017
- The Social Contribution Fund consists of voluntary contributions of employees and matching funds raised by SEC. SEC plans to
contribute KRW 12.59 billion in matching funds in 2017.
- SEC's contributions will be spent on sponsoring domestic and overseas voluntary programs as well as supporting local social
contribution activities.
Other matters to consider when making investment decision
- The Board of Directors approved this action at the meeting held on March 24, 2017.