Company Announcements

Transaction with Affiliate Company

Source: RNS
RNS Number : 0718X
Samsung Electronics Co. Ld
29 April 2021

Transaction with Affiliate Company


Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC") on April 29, 2021 announced that its Board of Directors has authorized the following transaction with an affiliated company.


Investment in the New Technology Investment Association

-     Investment in the New Technology Investment Association (SVIC 52) established by Samsung Venture Investment Corporation (SVIC).

Major Transaction Terms

Transaction Date1)


Transaction Value

KRW 99,000 million (to be made in cash)

Purpose of Transaction

Technical and business cooperation through equity investments in startups at home and abroad

Terms and Conditions

* With the investment, SEC joins the New Technology Investment

   Association (SVIC 52).

* The total fund amounts to KRW 100 billion, which consists of KRW

    99 billion from SEC and KRW 1 billion from SVIC.


1) SEC will join the association on May 17, 2021, and the funds will

     be paid when needed via investments or expense payments over

     the 7-year term of SVIC 52. Both SEC's join date and duration of

    SVIC 52 are subject to change.

Other Information:

ž Number of Independent Directors present at the Board meeting: 6 (100%)

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 5 billion and the counterparty is

    an affiliate of the party required to make the disclosure.




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.