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Charitable Contribution

14th Feb 2023 09:03

RNS Number : 8707P
Samsung Electronics Co. Ld
14 February 2023
 

Charitable Contribution

 

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD)

("SEC") on February 14, 2023, authorized the following: (i) management plan for the Social

Contribution Matching Fund (the "Fund") for 2023 and (ii) financial contribution to the Chungnam Samsung Academy.

 

Management Plans for the Social Contribution Matching Fund for 2023

- The Fund consists of SEC employees' voluntary financial contributions, as well as SEC's matching financial contribution. For the calendar year 2023, SEC plans to contribute to the Fund KRW 12.34 billion to match the total amount raised by its employees in the previous year.

- SEC's contributions to the Fund are expected to be utilized to benefit the society, by contributing to projects related to youth education and assistance for vulnerable members of the society.

 

Contribution to Chungnam Samsung Academy

- SEC will make a financial contribution in the amount of KRW 2.378 billion in early March 2023 to Chungnam Samsung Academy as a part of its efforts to (i) attract talented employees by improving the learning environment for their school-aged children and (ii) improve local educational infrastructure.

 

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