Company Announcements

Transaction with Affiliate Company

Source: RNS
RNS Number : 3830O
Samsung Electronics Co. Ld
31 January 2023

Transaction with Affiliate Company


The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) on January 31, 2023, authorized the following related-party transaction with an affiliated company.


Lease agreement

Major transaction terms

Owner of property

Samsung Display Co., Ltd.


Samsung Electronics Co., Ltd.

Lease period

February 1, 2023-January 31, 2027

Transaction amount

KRW 45.59 billion/year

Purpose of transaction

Lease of land, building, and equipment

Terms and conditions

1. Deposit: N/A

2. Annual rental payment: KRW 45.59 billion

- The annual rental payment is an average of the values calculated by multiple appraisal and assessment institutions considering asset price, expected profit, etc.

Transaction amount will be recalculated and applied at the start of the third year on February 1, 2025 (average of the values calculated by multiple appraisal and assessment institutions)

Other Information:

ž Number of Independent Directors present at the BOD 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.