Samsung Biologics Receives 'High Taxpayer's Tower' Award on Taxpayer's Day

Paid 349.6 Billion Won in Corporate Taxes in 2024
Over 100 Billion Won Increase in Just Two Years
"Contributing to Economic Growth Through Faithful Tax Payments"

Samsung Biologics received the 'High Taxpayer's Tower (National Tax 300 Billion Won Tower)' award at the ceremony commemorating the '60th Taxpayer's Day' held on March 3 at the COEX Auditorium in Gangnam-gu, Seoul.

The 'High Taxpayer's Tower' is an award presented in the name of the President to companies that have made a significant contribution to the national finances by either exceeding an annual tax payment of 100 billion won for the first time, or by increasing their tax payment by more than 100 billion won compared to their previous highest payment.

Samsung Biologics received the "High-Value Taxpayer Award (KRW 300 billion National Tax Tower)" at the ceremony commemorating the 60th Taxpayer's Day held at COEX in Gangnam-gu, Seoul on the 3rd. From the left, Deputy Prime Minister and Minister of Economy and Finance Koo Yoon-cheol and Vice President Yoo Seungho, Head of the Management Support Center at Samsung Biologics, are taking a commemorative photo. Samsung Biologics

Based on its global contract development and manufacturing (CDMO) competitiveness, Samsung Biologics recorded consolidated annual sales of 4.5473 trillion won and an operating profit of 1.3201 trillion won in 2024. The company was recognized for faithfully paying a total of 349.6 billion won in corporate taxes for the 2024 fiscal year, following its strong growth.

Samsung Biologics received the 'National Tax 200 Billion Won Tower' at the '58th Taxpayer's Day' in 2024, and in just two years, increased its tax payment by more than 100 billion won to be awarded the 'National Tax 300 Billion Won Tower.'

Yoo Seungho, Vice President and Head of the Management Support Center at Samsung Biologics, stated, "We will continue to fulfill our corporate social responsibilities with rigorous compliance management and contribute to the development of the national economy through faithful tax payments as a leading global company."

This content was produced with the assistance of AI translation services.