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Pruchase of Property & Casual

25th Jul 2008 08:38

RNS Number : 8739Z
Samsung Electronics Co. Ld
25 July 2008
 

 

Purchase of Property & Casualty Insurance Policy

On July 25 of 2008, the BOD of Samsung Electronics authorized the purchase of the following insurance policy.

▫ Details

Name of Insurer: Samsung Fire & Marine Insurance Co., Ltd. 

2. Date of Purchase: August 1, 2008 

3. Type of Insurance: Property & Casualty

 

4. Terms and Conditions

- Amount of Insurance Premium: KRW 90.2 billion 

- Insurance Benefit Ceilings  Semiconductor and LCD factories/equipments: KRW 3.5trillion  Telecommunication factories/equipmentsKRW 2.5 trillion  - Coverage PeriodAugust 1, 2008 ~ July 31, 2009 

- Mode of Payment: Lump-sum payment 

 

5. Purchase of Insurance Policy: To cover damages or loss from fire or other accidents at our semiconductor, LCD and telecommunication factories.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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