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Last checked at 
30 Apr 2025 08:45
Charitable Contribution
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on April 30, 2025, announced that its Board of Directors has authorized the following contributions.
Contributions for a fund to provide performance incentives to suppliers for SEC's Device Solutions ("DS") Division
- SEC will provide approximately KRW 38.6 billion for incentives to be distributed to qualified
suppliers from the 181 first- and second-tier suppliers for the DS Division that are classified as
SMEs and are stationed within the operations.
- The incentives aim to contribute to preventing worksite accidents, improving product quality, and
expanding activities that encourage mutual cooperation with SEC's partners.
- Evaluations of supplier performances in the first half of 2025 will be conducted in August 2025; and evaluations for the second half of 2025 will be conducted in February 2026.
- Suppliers scoring above a certain rating will receive incentive payments from an available total of
the estimated KRW 38.6 billion, which estimation is subject to change depending on evaluation
results and management outcome of DS Division.
- SEC will contribute to "Large, Small-and-Medium Size Enterprises, Farming and Fishing Industries
Cooperation Foundation," which will distribute the incentive to the eligible suppliers.
- The total estimated amount to be provided to all suppliers stationed within the DS Division
operations is KRW 49.8 billion.
Donations to the Korean Red Cross to support the regions affected by the wildfires in Gyeongsang province and Ulsan
- SEC will have donated a total of KRW 1.85 billion in May 2025 to Korean Red Cross, which includes KRW 0.9 billion donated in March 28, 2025, to support the recovery of damaged areas in Gyeongsang province and Ulsan.
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