28 Jul 2016 08:49
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Renewal of Property & Casualty Insurance Policy
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Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") announced today that its Board of Directors have approved the renewal of the property and casualty insurance policy from Samsung Fire & Marine Insurance Co., Ltd., which was set to expire on July 31, 2016.
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â–« Details
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1. Effective Date : August 1, 2016
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2. Insurance Premium: KRW 49.85 billion
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3. Coverage Period: August 1, 2016 ~ July 31, 2017 (1 year)
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4. Purpose: To insure against any damage or loss from fire or other accidents at SEC's business sites located in Korea.
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※ This public disclosure is in accordance with the Korean Fair Trade Act, which
 mandates that a purchaser of an insurance policy disclose the purchase of the policy
 in the event the transaction is worth more than KRW 5 billion and the insurance
 company involved is the purchaser's financial affiliate.
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