6th Feb 2018 09:50
Court Judgment relating to Embezzlement by Officer or Employee
In accordance with disclosure regulations for capital markets, Samsung Electronics Co., Ltd. (KS005930,
KS005935, SMSN, SMSD) ("Company") today disclosed the judgment by the High Court regarding the
influence-peddling scandal involving the Company's executives (including former executives) indicted by
the special prosecutor on February 28, 2017.
1. Relevant persons: Jae-Yong Lee (Vice Chairman), Gee-Sung Choi (former Vice Chairman),
Choong-Ki Chang (former President), Sang-Jin Park (former President),
Seong-Soo Hwang (former Senior Vice President)
2. Judgments on matters related to embezzlement: Found guilty on some charges of violating the Act on the Aggravated Punishment, etc. of Specific Economic Crimes.
3. Amount of embezzlement
Amount of Judgment | KRW 3,634,840,000 |
Total Equity of the Company | KRW 192,963,032,970,937 |
Ratio to Total Equity | 0.002% |
4. Company's response
- The Company will check on the progress of future court proceedings and relevant matters.
5. Date of ruling: February 5, 2018
6. Date of confirmation: February 6, 2018
7. Other information
1) This disclosure is made based on the judgment by the High Court and is subject to change according to
any subsequent appeal to and judgment by the Supreme Court.
2) The total equity mentioned above is based on the Company's consolidated financial statement as of the
end of 2016.
3) The date of ruling indicates the date on which the judgment was issued by the High Court, not the date on which the final determination is made.
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