Charitable Contribution
Source: RNS
Charitable Contribution
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ("SEC"), on November 29, 2024, announced that its Board of Directors has authorized the following contribution:
1. Contribution to Community Chest of Korea's annual fundraising campaign for 2025
- SEC will contribute KRW 8.53 billion to the Heemang 2025 Nanum Campaign of Community Chest of Korea, a social welfare corporation, to help the underprivileged as a part of our commitment to corporate social responsibility.
2. Contribution to the United Nations Development Programme (UNDP)
- As a part of its partnership with the UNDP and to support the United Nations's effort to achieve The Global Goals*, SEC will make a charitable contribution sourced from the Samsung Global Goals application, our user-participation sustainability platform, and the matching fund.
* A set of 17 goals adopted at the UN General Assembly in September 2015 to achieve a sustainable future for all.
□ Details
|
Term of partnership |
August 7, 2019-December 31, 2030 (11 years and 5 months) |
|
Amount |
USD 2,939,972 (approximately KRW 4.11 billion) |
|
Timing of contribution |
Scheduled for December 2024 |
|
Recipient |
United Nations Development Programme |
|
Other information |
- During each year of the partnership, the contribution amount was calculated based on the proceeds from the twelve-month period from November 1 through October 31 of subsequent year. The timing of the contribution is subject to change pursuant to consultation with the partner. - This year's contribution consists of the proceeds from Samsung Global Goals application between November 1, 2023-October 31, 2024, and SEC's contribution. |
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