Close
Company Search
Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Charitable Contribution

15th Feb 2022 11:16

RNS Number : 7466B
Samsung Electronics Co. Ld
15 February 2022
 

Charitable Contribution

 

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD)("SEC"), on February 15, 2022, authorized the following: (i) management plan for the SocialContribution Matching Fund (the "Fund") for 2022 and (ii) financial contribution to the Chungnam Samsung Academy.

 

Management Plans for the Social Contribution Matching Fund for 2022

- The Fund consists of SEC employees' voluntary financial contributions, as well as SEC's matching financial contribution. For the calendar year 2022, SEC plans to contribute to the Fund KRW 11.75 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 2.324 billion in early March 2022 to Chungnam Samsung Academy as a part of its efforts to (i) attract more talented employees by improving the learning environment for their school-aged children and (ii) improve local educational infrastructure.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBKPBDDBKDBBD

Related Shares:

Samsung El.gdr
FTSE 100 Latest
Value8,632.33
Change89.77