Transactions with Affiliate Company
Summary by AI BETAClose X
Transaction with Affiliate Company
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on July 30, 2026, announced that its Board of Directors has authorized the following related-party transactions with affiliated companies.
1. Investment in the New Technology Investment Association (SVIC 82)
- Investment in the New Technology Investment Association (SVIC 82), established by Samsung Venture Investment Corporation (SVIC).
□ Major transaction terms
|
Transaction date |
August 2026 |
|
Transaction value |
KRW 495.0 billion (to be made in cash) |
|
Purpose of transaction |
To establish technological and business collaboration through equity investments in domestic and overseas semiconductor startups |
|
Terms and conditions |
* With the investment, SEC joins the New Technology Investment Association (SVIC 82). * The total amount of the Investment Association (KRW 500 billion) consists of KRW 495.0 billion from SEC and KRW 5.0 billion from SVIC. * The funds will be paid on an as-needed basis via investments over the 13-year term of SVIC 82. Both SEC's join date and duration of SVIC 82 are subject to change. |
Other Information:
ž Number of Independent Directors present at the Board of Directors meeting: 5
∙ Attendance of Audit Committee: Y
2. Investment in the New Technology Investment Association (SVIC 83)
- Investment in the New Technology Investment Association (SVIC 83), established by Samsung Venture Investment Corporation (SVIC).
□ Major transaction terms
|
Transaction date |
August 2026 |
|
Transaction value |
KRW 297.0 billion (to be made in cash) |
|
Purpose of transaction |
To identify and secure promising technologies to strengthen the business competitiveness and prepare for the future of the DX Division |
|
Terms and conditions |
* With the investment, SEC joins the New Technology Investment Association (SVIC 83). * The total amount of the Investment Association (KRW 300 billion) consist of KRW 297.0 billion from SEC and KRW 3.0 billion from SVIC. * The funds will be paid on an as-needed basis via investments over the 10-year term of SVIC 83. Both SEC's join date and duration of SVIC 83 are subject to change. |
Other Information:
ž Number of Independent Directors present at the Board of Directors meeting: 5
∙ Attendance of Audit Committee: Y
3. Purchase of Insurance Policy from Samsung Fire & Marine Insurance
□ Major transaction terms
|
Insurer |
Samsung Fire & Marine Insurance Co., Ltd. |
|
Application date |
October 1, 2026 |
|
Type of insurance |
Package insurance |
|
Insurance premium |
KRW 247.9 billion |
|
Insurance coverage period |
October 1, 2026-September 30, 2028 (24 months) |
|
Insurance coverage |
Buildings, machinery, etc., in SEC DX and DS Division's various business and factory sites located in Korea |
|
Method of insurance payment |
Annual payment(2 installments) |
|
Purpose of transaction |
Comprehensive coverage against the risk of property damage, bodily injury, and business interruption caused by fire, explosion, natural disasters, etc., at the domestic business sites of the DX and DS Divisions |
Other Information:
ž Number of Independent Directors present at the Board of Directors meeting: 5
ž Attendance of Audit Committee: Y
※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must
disclose financial and real estate transactions in the event the value of such a transaction is greater or
equal to KRW 10 billion and the counterparty is an affiliate of the party required to make the disclosure.
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