Trial Court Judgment relating to Embezzlement by Officer or Employee
Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD) ('Company') disclosed the judgment from the first trial regarding a former executive's charge on embezzlement and breach of fiduciary duty indicted by Suwon District Public Prosecutors Office on October 18, 2016.
1. Relevant persons: OO Lee (Senior Vice President)
2. Judgments on matters related to embezzlement: Found innocent on charges of violating the Act on Prevention of Divulgence and Protection of Industrial Technology and breach of fiduciary duty; and found guilty on breach of fiduciary duty involving expense reimbursement fraud
3. Amount of embezzlement
Amount of Judgment
KRW 78,103,990
Total Equity of the Company
KRW 192,963,032,970,937
Ratio to Total Equity
0.00004%
4. Company's countermeasure
- The Company will make efforts to prevent any recurrence of such an incident.
5. Date of ruling: January 12, 2018
6. Date of confirmation: January 29, 2018
7. Other information 1) This disclosure is made based on the judgment from the first trial and is subject to change according to the appeal and judgments of subsequent courts. 2) The total equity stated above is based on the Company's consolidated financial statement as of the end of 2016. 3) The Company will disclose any progress or confirmation on this matter without delay.
Samsung Electronics Co. Ltd. published this content on 29 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2018 15:24:07 UTC.
Original documenthttp://www.samsung.com/global/ir/reports-disclosures/public-disclosure-view.71105/
Public permalinkhttp://www.publicnow.com/view/0F1601C06E3A99B7430C507A1A7C020EC4F27B9E
Samsung Electronics Co Ltd is Korea-based company principally engaged in the manufacture and distribution of electronic products. The Company operates its business through four segments. The Information Technology & Mobile Communications (IM) segment manufactures computers, handhold phones (HHPs), network systems, digital cameras and others. The Device Solutions (DS) segment provides semiconductor and display parts, including dynamic random access memories (DRAMs), flashes, thin film transistor-liquid crystal displays (TFT-LCDs) and others. The Consumer Electronics (CE) segment manufactures color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines and others. The Harman segment manufactures headunits, infotainment, telematics, speaker, among others. The Company distributes its products within domestic market and to overseas markets.