Transactions with Affiliate Company
Summary by AI BETAClose X
Transaction with Affiliate Company
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on October 29, 2026, announced that its Board of Directors has authorized the following related-party transactions with affiliated companies.
1. Participation in rights offering
- Participation in the new stock issuance of Samsung Biologics ("Biologics")
□ Major transaction terms
|
Transaction items |
567,503 common shares of Biologics |
|
Transaction date |
November 17, 2026 |
|
Transaction value |
KRW 666.2 billion (total invested capital of KRW 2,665 billion) |
|
Purpose of transaction |
To purchase new shares issued by Biologics allotted to existing shareholders |
|
Terms and conditions |
- This transaction involves participation in the existing shareholders' subscription for the rights offering by Biologics, and it is disclosed as a large-scale internal transaction with a related party. - The transaction date is the scheduled payment date for the shares. - The transaction item represents 100% of the shares allotted to the existing shareholders. - The transaction value is based on the issue price per share in Biologics' Issue Price of New Shares in a Paid-in Capital Increase (Notice) on October 1, 2026. The amount is subject to change upon determination of the final issue price. - The total invested capital is SEC's cumulative investment in Biologics' including the transaction set forth herein. - The terms above are subject to changes in the process of Biologics' capital increase. - The CEO has been delegated authority to execute the detailed matters relating to this transaction. |
Other Information:
- Number of Independent Directors present at the Board of Directors meeting: 5
- Attendance of Audit Committee: Y
2. Purchase of savings-type insurance from Samsung Life Insurance
□ Major Transaction Terms
(Unit: KRW 100 million)
|
1. Name of insurance company |
Samsung Life Insurance Co., Ltd. |
Relationship with the Company |
Affiliate |
|
|
2. Insurance subscription date |
October 29, 2026 |
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|
3. Type of insurance |
Savings-type insurance |
|||
|
4. Insurance details |
a. Insurance premium |
50,000 |
||
|
b. Insurance proceeds |
- |
|||
|
c. Contract period |
3 years |
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|
d. Total premiums payable during the contract period |
50,000 |
|||
|
e. Insured property |
- |
|||
|
f. Premium payment method |
Lump-sum payment |
|||
|
g. Interest rate (%) |
4.25% (simple interest equivalent, after deducting expenses from premiums paid) |
|||
|
5. Date of Board resolution |
October 29, 2026 |
|||
|
6. Purpose of transaction |
To enhance profitability and ensure stable fund management |
|||
|
7. Other information |
- This transaction involves the subscription to a savings-type insurance product offered by Samsung Life Insurance (product name: Samsung Platinum Savings Insurance) |
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|
※Date of related disclosure |
- |
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Other Information:
- Number of Independent Directors present at the Board of Directors meeting: 5
- Attendance of Audit Committee: Y
3. Donation to Samsung Life Public Welfare Foundation
(Unit: KRW million)
|
1. Recipient |
Samsung Life Public Welfare Foundation, Social Welfare Corporation |
Relationship with the Company |
Non-profit organization |
|
2. Subject of donation |
Cash |
||
|
3. Donation amount |
24,430 |
||
|
4. Cumulative donation amount |
24,430 |
||
|
5. Date of donation |
- |
||
|
6. Date of Board resolution |
October 29, 2026 |
||
|
7. Total assets at the end of the previous fiscal year |
358,902,051 |
Percentage of Total Assets (%) |
0.01 |
|
8. Other information |
In item 5 above, the donation is scheduled to be made within 2026. In item 7 above, total assets at the end of the previous fiscal year are based on the Company's separate financial statements as of year-end 2025. |
||
|
※ Date of related disclosure |
- |
||
Other Information:
- Number of Independent Directors present at the Board of Directors meeting: 5
- Attendance of Audit Committee: Y
4. Donation to Sungkyunkwan University
(Unit: KRW million)
|
1. Recipient |
Sungkyunkwan University Foundation |
Relationship with the Company |
Non-profit organization |
|
2. Subject of donation |
Cash |
||
|
3. Donation amount |
38,690 |
||
|
4. Cumulative donation amount |
38,690 |
||
|
5. Date of donation |
- |
||
|
6. Date of Board resolution |
October 29, 2026 |
||
|
7. Total assets at the end of the previous fiscal year |
358,902,051 |
Percentage of Total Assets (%) |
0.01 |
|
8. Other information |
In item 5 above, the donation is scheduled to be made within 2026. The total assets at the end of the previous fiscal year under Item 7 are based on the Company's separate financial statements as of year-end 2025.
|
||
|
※ Date of related disclosure |
- |
||
Other Information:
- Number of Independent Directors present at the Board of Directors meeting: 5
- Attendance of Audit Committee: Y
5. Donation to Sungkyunkwan University Research & Business Foundation
(Unit: KRW million)
|
1. Recipient |
Sungkyunkwan University Research & Business Foundation |
Relationship with the Company |
Non-profit organization |
|
2. Subject of donation |
Cash and the right to use real estate free of charge
|
||
|
3. Donation amount |
11,800 |
||
|
4. Cumulative donation amount |
11,800 |
||
|
5. Date of donation |
- |
||
|
6. Date of Board resolution |
October 29, 2026 |
||
|
7. Total assets at the end of the previous fiscal year |
358,902,051 |
Percentage of Total Assets (%) |
0.003 |
|
8. Other information |
The donation amount under Item 3 is the sum of the cash contribution to the recipient (KRW 7.8 billion) and the value equivalent to the free use of buildings and ancillary facilities (approximately KRW 4.0 billion). Regarding the date of donation under Item 5, the Company plans to enter into an agreement with the recipient, make the cash payment, and provide access to the buildings and ancillary facilities within 2026. The total assets at the end of the previous fiscal year under Item 7 are based on the Company's separate financial statements as of year-end 2025. |
||
|
※ Date of related disclosure |
- |
||
Other Information:
- Number of Independent Directors present at the Board of Directors meeting: 5
- Attendance of Audit Committee: Y
6. Donation to the Korea Inclusive Finance Agency
(Unit: KRW million)
|
1. Recipient |
Korea Inclusive Finance Agency
|
Relationship with the Company |
Non-related party
|
|
2. Subject of donation |
Cash |
||
|
3. Donation amount |
150,000 |
||
|
4. Cumulative donation amount |
150,000 |
||
|
5. Date of donation |
- |
||
|
6. Date of Board resolution |
October 29, 2026 |
||
|
7. Total assets at the end of the previous fiscal year |
358,902,051 |
Percentage of total assets (%) |
0.04 |
|
8. Other information |
After receiving the funds specified in Item 3 above, the Korea Inclusive Finance Agency will transfer them to the Samsung Miso Finance Foundation, a related party of the Company. Regarding Item 5 above, the amount specified in Item 3 will be paid in installments over five years starting in 2026. The payment for 2026 is scheduled to be completed within 2026. The total assets at the end of the previous fiscal year under Item 7 are based on the Company's separate financial statements as of year-end 2025. |
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※ Date of related disclosure |
- |
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Other Information:
- Number of Independent Directors present at the Board of Directors meeting: 5
- Attendance of Audit Committee: Y
* Note: Pursuant to the Korea Fair Trade Act, a donor is required to disclose its donation to charitable organizations if such donation amount exceeds KRW 10 billion and the recipient is an affiliated entity of the donor.
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