Company Announcements

Transaction with Affiliate Company

Source: RNS
RNS Number : 8722P
Samsung Electronics Co. Ld
14 February 2023

Transaction with Affiliate Company


The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on February 14, 2023, authorized the following related-party transaction with an affiliated company.


Long-term Loans from Samsung Display Co., Ltd.

Major Transaction Terms

Loan Type

Long-term Loans

Loan Agreement Date

February 16, 2023


Samsung Display Co., Ltd.

Relationship with the Lender


Loan Period

February 17, 2023-August 16, 2025

Maturity Date

August 16, 2025

Loan Amount

KRW 20 Trillion

Total Equity of Borrower as of the End of the Previous Business Year

KRW 193,193,732 Million

Percentage of Loan to Total Equity


Interest Rate


Method of Loan Repayment

Lump Sum at Maturity Date (Early Payment Possible)


Operational Costs

Total Amount of Loans

(in the Business Year the Agreement was Signed)

KRW 20 Trillion

Total Assets of Borrower as of the End of the Previous Business Year

KRW 251,112,184 Million

Percentage of Loan to Total Assets


Other Information:

The loan is to guarantee operational costs.

The above loan amount will be executed in parts from February 17, 2023, in consideration of various matters of

the two companies, and the loan will be paid off in a lump sum at the maturity date. The above values for total

equity and total assets are from the end of 2021 separate financial statements written in accordance with K-IFRS.

The 'Total Amount of Loans,' set forth above, includes the value of the loan that is the subject of this disclosure.

Date of a relevant disclosure: February 14, 2023 (Charitable Contribution)

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

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 than or equal to KRW 5 billion and the counterparty is a financial affiliate of the party required to make the disclosure.

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