DART Filing · Auto-translated
📌 Key Filing Highlights
- Transaction Type: Subscription to a savings-type insurance product with a related party.
- Counterparty: Samsung Life Insurance Co., Ltd. (Affiliate).
- Total Investment: 50 billion KRW (~$37.48 million USD based on 1334 KRW/USD).
- Key Date: Board approval and transaction effective as of October 29, 2026.
Filing Overview and Core Decision
Samsung Electronics has officially disclosed an insurance transaction with a related party in accordance with Article 26 of the Monopoly Regulation and Fair Trade Act. The company’s Board of Directors approved the subscription to a savings-type insurance product provided by its affiliate, Samsung Life Insurance Co., Ltd., to optimize fund management.
Detailed Filing Terms and Specifications
| Metric | Details |
|---|---|
| Insurance Company | Samsung Life Insurance Co., Ltd. (Affiliate) |
| Insurance Type | Savings-type Insurance (Product Name: Samsung Platinum Savings Insurance) |
| Subscription Date | On or after October 29, 2026 |
| Insurance Premium | 50 billion KRW (~$37.48 million USD) |
| Total Premium (Contract Period) | 50 billion KRW (~$37.48 million USD) |
| Contract Period | 3 Years |
| Payment Method | Lump-sum payment |
| Interest Rate | 4.25% (Simple interest conversion after deduction of expenses from paid premiums) |
| Board Approval Date | October 29, 2026 |
| Board Attendance | Independent Directors: 5 Present / 0 Absent; Auditor (Audit Committee Member): Present |
Operational Purpose and Company Rationale
The company stated that the purpose of this transaction is to enhance profitability and ensure stable fund management through the subscription to the “Samsung Platinum Savings Insurance” product.