29th Apr 2014 08:07
Renewal of Insurance Policy
On 29th April 2014, the BOD of Samsung Electronics approved renewal of the existing 'Director and Officers Liability Insurance Policy', effective May 1, 2014. Samsung Fire & Marine Insurance is named insurance coverage provider (insurer). The previous liability policy coverage was scheduled to expire on April 30, 2015
- Terms of policy premium: KRW 6.39 billion- Policy period: May 1, 2014 ~April 30, 2015
※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates a purchaser of
insurance policy to disclose the transaction in case the transaction is worth more than KRW 5billion
and the insurance company involved is the purchaser's financial affiliate.
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