Transaction with Affiliate Company

Summary by AI BETAClose X

Samsung Electronics Co., Ltd. announced significant related-party transactions approved by its Board of Directors. The company will purchase a Defined Benefit Retirement Pension Policy from Samsung Life Insurance for an estimated KRW 3,000 billion in lump sum payments for the financial year 2026, with premiums to be managed by asset management companies. Additionally, KRW 1,500 billion will be entrusted to Samsung Asset Management between May and July 2026 for retirement benefit management. Furthermore, Samsung Electronics plans to invest KRW 12 billion in common shares in the National AI Computing Center Consortium, a public-private joint SPC, with investments occurring in two tranches from May 2026 to January 2027 to foster the domestic AI computing ecosystem.

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