Samsung Subcommittee on Compliance Effectively 'Approves' Affiliate Membership Fee Payment to Hankyung Association

"Decision According to the Autonomous Judgment of the Relative Clause"

The Samsung Compliance Committee (Jun-gamwi) announced on the 26th that it has allowed Samsung affiliates to decide autonomously on the payment of membership fees to the Korea Economic Association (Han-gyeong-hyeop). This effectively amounts to an 'approval' decision.

The committee explained, "We have once again advised the affiliates to ensure that the membership fees paid to Han-gyeong-hyeop are not used beyond their original purpose, such as for collusion between politics and business, and to withdraw immediately if any violations occur."

The Samsung affiliates that have joined Han-gyeong-hyeop include Samsung Electronics, Samsung SDI, Samsung Life Insurance, and Samsung Fire & Marine Insurance. These affiliates are expected to decide on the payment and timing of the membership fees after reporting to their boards based on the committee's recommendations.