29 Apr 2020 07:50
Charitable Contribution
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Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on April 29, 2020 announced that its Board of Directors has authorized donations to the following foundations and educational organization.
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1. KRW 10.6 billion to Samsung Welfare Foundation
2. KRW 26.5 billion to Samsung Life Public Welfare Foundation
3. KRW 14.7 billion to Sungkyunkwan University
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As a responsible corporate citizen, SEC seeks to address social problems and enrich the social environment through corporate contributions and its CSR programs.
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β» Note: Pursuant to the Korean Fair Trade Act, a donor is required to disclose contributions to charitable organizations if the amount of the donation exceeds KRW 5 billion and the recipient is an affiliated entity of the donor.
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