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Renewal of Property and Casualty Insurance Policy

1st Aug 2014 07:47

RNS Number : 9956N
Samsung Electronics Co. Ld
01 August 2014
 



 

Renewal of Property & Casualty Insurance Policy

 

On July 31, 2014, the Board of Directors of Samsung Electronics authorized the purchase of Property & Casualty insurance policy from Samsung Fire & Marine Insurance Co., Ltd.

 

▫ Details

 

1. Date of purchase: August 1, 2014

 

2. Amount of insurance premium: KRW 125.83 billion

 

3. Contract term: August 1, 2014 ~ July 31, 2015 (1 year)

 

4. Purpose: To cover damage or loss from fire or other accidents at our domestic business sites.

 

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.

 

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