Samsung Electronics Extends 20 Trillion Won Loan Agreement with Samsung Display

Samsung Electronics announced on the 31st that it has extended the loan period for the 20 trillion won it borrowed from its subsidiary, Samsung Display, in 2023 by an additional two years and six months. As a result, the maturity date has been changed from August 16 of the following month to February 16, 2028. The interest rate has been lowered from the previous annual rate of 4.6% to 3.9%. The purpose of the extension is to secure operating funds. Previously, in February 2023, Samsung Electronics borrowed 20 trillion won from Samsung Display to secure operating funds.