2023 4Q Interim Report

SAMSUNG ELECTRONICS Co., Ltd.
2023 Business Report

For the year ended December 31, 2023
Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans,
objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-
looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to
differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to
differ materially from such forward-looking statements is included in our financial reports available on our website.
See, also, 『Note on Forward-Looking Statements』 in preamble of 『II. Business Overview』.
Samsung Electronics Business Report 1 / 396

Table of Contents
Certification ........................................................................................................................................................................... 3
I. Corporate Overview ........................................................................................................................................................... 4
II. Businesses Overview...................................................................................................................................................... 23
III. Financial Affairs .............................................................................................................................................................. 53
IV. Management Discussion and Analysis....................................................................................................................... 226
V. Auditor’s Report ............................................................................................................................................................ 242
VI. Corporate Governance ................................................................................................................................................ 249
VII. Information on Shareholders ..................................................................................................................................... 276
VIII. Executives and Employees ....................................................................................................................................... 284
IX. Affiliates and Subsidiaries .......................................................................................................................................... 298
X. Transactions with affiliates and subsidiaries ............................................................................................................. 319
XI. Other Information ......................................................................................................................................................... 323
XII. Appendix ...................................................................................................................................................................... 336

I. Corporate Overview
1. Overview
A. Legal, Commercial name:
- Samsung Electronics Co., Ltd.
B. Date of establishment:
- Samsung Electronics Co., Ltd. (“SEC” or “the Company”) was established as Samsung Electronics Industry Co., Ltd.
on January 13, 1969, and held an initial public offering on June 11, 1975.
- SEC changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. following a
resolution passed at the Annual General Meeting (AGM) of shareholders on February 28, 1984.
C. Address, phone number, and English language website of the corporate headquarters
- Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea
- Phone Number: +82-31-200-1114
- Website: https://www.samsung.com/
D. Core businesses
- The Company (defined below) consists of the Device eXperience (DX) Division and Device Solutions (DS) Division,
Samsung Display (SDC) and its subsidiaries, and Harman International Industries, Inc. (Harman) and its subsidiaries.
SDC runs the display panel business, and Harman operates businesses related to automotive electronics components,
etc.
SEC is a global electronics firm consisting of its headquarters in Korea and 232 subsidiaries (collectively, “Samsung
Electronics”, the “Company”, or “we”) across the world, including 9 regional headquarters for the DX Division, 5 regional
headquarters for the DS Division, production and sales subsidiaries, and SDC and Harman.
Key products by each organization are set forth below:
Organization Key products

TVs, monitors, refrigerators, washing machines, air conditioners, smartphones, telecommunications network systems,
DX Division
computers, etc.
DS Division DRAM, NAND flash, mobile APs, etc.
SDC OLED panels for smartphones, etc.
Harman Digital cockpits, car audio, portable speakers, etc.
In December 2021, the Company merged the CE and IM Divisions to create the DX Division; and it separated SDC and the DS Division to align with
the corporate organizational structure.

[DX Division]
The DX Division manufactures TVs, monitors, refrigerators, washing machines, air conditioners, smartphones, tablets, and
wearables, and it is spearheading the global market with its differentiated technology, designs, and products: premium TVs
based on leading technologies such as Neo QLED TV; Lifestyle TVs that reflect our deep understanding of changing
lifestyles; and Bespoke products, which are customizable to satisfy the various needs of our customers, to name a few. In
the TV market, we have maintained a leading position for 18 straight years; and in smartphones, a core DX product, we
optimize our product portfolio for various market conditions via diverse and competitive lineups that range from entry-level
through to models in our premium Galaxy series. Samsung will continually offer innovations in the premium and Lifestyle
TV markets; lead a paradigm shift by strengthening Bespoke with AI functionalities and energy reduction technologies; and
remain committed to R&D to produce new digital appliances with new form factors. In our hyper-connected society, we
aim to offer on-device AI and multi-device user environments based on enhanced security to ensure the digital safety of our
customers. We will continually provide new value through our technological innovations and preparations for the future
based on our unrivaled R&D capabilities.
[DS Division]
The Memory Business, System LSI Business, and Foundry Business make up the DS Division. The Memory Business
manufactures and sells DRAM and NAND products; the System LSI Business designs and sells mobile application
processors (“mobile APs” or “APs”) and camera image sensors; and the Foundry Business is in charge of consignment
production of semiconductors.
The Memory Business has maintained its position at the top of the global memory market by focusing on qualitative growth
by applying advanced process technology in DRAM and NAND flash products; differentiating our products via a portfolio
centered on high-value solutions; and enhancing cost competitiveness, to name a few.
The System LSI Business has not been complacent, having extended its focus from mobile to include automotive chips, and
is expanding its market power by enhancing collaborations with customers to offer differentiated products featuring on-
device AI, high-performance IP, etc. At the same time, we continue diversify applications and develop next-generation
technologies.
Amid a prolonged market downturn caused by delays in a global demand recovery, the Foundry Business is focused on
demand in the medium to long term by continuing to fortify technological competitiveness in advanced nodes. For mature
nodes, we provide customer-centric design infrastructure and are expanding high-value-added applications.
[SDC]
In SDC, the mobile panel business’s differentiated technology is a key factor behind the increased adoption of OLED panels,
and we have expanded the overall market with the release of products in a variety of applications, such as foldable devices,
IT devices (tablet/notebook PCs), and automotives. Meanwhile, the large panel business is focusing on premium products—
such as high-definition, ultra-large, Quantum Dot TVs—and is enhancing its competitiveness by continually improving its
technology and productivity.
[Harman]
Harman consists of the automotive component business, which designs and develops connected products and solutions for
automakers; and the lifestyle audio business, which provides consumer audio products and professional audio solutions.
Harman, a leader in the automotive component market, supplies car manufacturers with products that apply innovative
technologies. In the audio market, Harman has firmly established the reputation of its brands among consumers and
audiophiles alike. Harman has established internationally renowned brands, and it offers diverse product lines and
differentiated customer experiences via collaborations with Samsung Electronics thanks to internal development and
strategic acquisitions to strengthen competitiveness in each business area.
☞ See 『II. Businesses Overview』 for more details about each Division.
E. Subsidiaries subject to consolidated accounting (summary)

As of December 31, 2023, and in accordance with Korean International Financial Reporting Standards (K-IFRS) 1110,
Consolidated Financial Statements, Samsung Electronics, the controlling company, had 232 consolidated subsidiaries, with
the addition of 6 subsidiaries and reduction of 6 subsidiary when compared to totals as of December 31, 2022.
Number of subsidiaries subject to consolidated accounting

Number of major
Classification As of January 1, As of December
Added Removed subsidiaries
2023 31, 2023
Listed - - - - -
Unlisted 232 6 6 232 146
Total 232 6 6 232 146
See 『Appendix-1. Subsidiaries subject to consolidated accounting (detailed)』 for details.
[Changes in subsidiaries subject to consolidated accounting]
Classification Subsidiary Reason

SVIC #62 Venture Capital Union Establishment
General Private Equity Fund for Semiconductor Ecosystem Establishment
Newly Samsung Federal Inc. (SFI) Establishment
consolidated Samsung Display America Holdings, Inc. (SDAH) Establishment
eMagin Corporation Acquisition of shares
Roon Labs, LLC. Acquisition of shares
Dacor Holdings, Inc. Merger
Dacor, Inc. Merger
No longer Red Bend Software Ltd. Liquidation
consolidated Harman Finance International GP S.a.r.l Liquidation
Harman Finance International, SCA Liquidation
Harman Automotive UK Limited Liquidation
F. Whether the Company is an SME

The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises.
Small and medium enterprise No

Venture company No
Medium-sized enterprise No

G. Credit rating
SEC’s credit rating is assessed by two external credit ratings agencies. As of December 31, 2023, SEC’s credit ratings were
Aa2 with a stable investment outlook as rated by Moody’s (US); and AA- with a stable investment outlook as rated by S&P
(US).
Securities Date Rating Credit rating agency Note

Jul 2021 AA- S&P
Aug 2021 Aa3 Moody’s
Corporate bond
Aug 2022 AA- S&P
Regular review
(USD denominated; issued in Sep 2022 Aa2 Moody’s
1997 and expire in 2027) Jul 2023 AA- S&P
Aug 2023 Aa2 Moody's
[Credit ratings definitions]

Moody’s S&P
Rating Definition Rating Definition
Superior ability to repay debt obligations; Extremely strong ability to meet financial
Aaa AAA
lowest level of credit risk commitments; highest rating
High ability to repay debt obligations; very Very strong capacity to meet financial
Aa1/Aa2/Aa3 AA+/AA/AA-
low credit risk commitments
Investment Strong capacity to meet financial commitments;
Upper-medium ability to repay debt
grade A1/A2/A3 A+/A/A- susceptible to adverse effects of changes in
obligations; low credit risk
economic conditions
Adequate capacity to meet financial
Medium ability to repay debt obligations;
Baa1/Baa2/Baa3 BBB+/BBB/BBB- commitments; relatively more susceptible to
moderate credit risk, speculative factors
adverse economic conditions
Major ongoing uncertainties; exposure to
adverse business, financial, or economic
Ba1/Ba2/Ba3 Speculative; substantial credit risk BB+/BB/BB-
conditions can impair ability to meet financial
commitments
More vulnerable to nonpayment than those
rated BB; has capacity to meet financial
B1/B2/B3 Speculative; high credit risk B+/B/B- commitments but adverse financial or economic
conditions are likely to impair ability to continue
doing so
Vulnerable to nonpayment; dependent upon
Speculative
Caa Speculative; very high credit risk CCC favorable business, financial, and economic
grade
conditions
Highly speculative; likelihood of being in Highly vulnerable to nonpayment; default has
Ca or near default; some prospect for CC not yet occurred but expected to be a virtual
recovery of principal and interest certainty
Highly vulnerable to nonpayment; obligation is
Typically in default; little prospect for
C C expected to have lower ultimate recovery vis-à-
recovery of principal or interest
vis higher rated obligations
In default or in breach of imputed promises,
D upon the filing of a bankruptcy petition or the
taking of a similar action
Please refer to『III. Financial Affairs-7. Matters about financing through the issuance of securities』for credit ratings on corporate bonds and
commercial paper issued by the Company’s subsidiaries.

H. Whether the Company is listed (or registered or designated) and matters related to special listed companies
The Company listed on the Korea Stock Exchange on June 11, 1975.
Listed Date listed

Special listed company
(or registered or designated) (or registered or designated)
Stock market (KOSPI) June 11, 1975 No
2. Company history
A. Company location and changes
The Company’s head office is located at 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do. There were no changes
in the Company’s head office location during the reporting period.
B. Important changes in management executives

The Company’s Board of Directors is composed of Directors who are appointed at the AGM, and the Board decides on
important matters of the Company’s businesses. As of December 31, 2023, SEC’s Board consisted of five Executive
Directors (Jong-hee Han, Kye-hyun Kyung, Tae-moon Roh, Hark-kyu Park and Jung-bae Lee) and six Independent
Directors (Han-jo Kim, Sun-uk Kim, Jeong Kim and Jun-sung Kim, Eun-nyeong Heo, Myung-hee Yoo). Samsung’s
CEOs are appointed by the Board of Directors to lead a Division of the Company. As of the end 2023, the CEOs are
Jong-hee Han, who was appointed in February 2022 and reappointed in March 2023, and Kye-hyun Kyung, who was
appointed in March 2022.
Type of Appointed
Date of Terms expired
shareholder or dismissed
change Newly appointed Reappointed
meeting
Independent Director In-ho Lee
Mar 20, 2019 AGM Independent Director Han-jo Kim
Independent Director Jae-wan Bahk Independent Director Kwang-soo
Independent Director Curie Ahn
Song
Oct 26, 2019 - - - Executive Director Jae-yong Lee
Mar 18, 2020 AGM Executive Director Jong-hee Han

- -
Executive Director Yoon-ho Choi
Executive Director Ki-nam Kim
Executive Director Hyun-suk Kim
Executive Director Dong-jin Koh
Mar 17, 2021 AGM Independent Director Byung-gook
- -
Park
Independent Director Jeong Kim
Independent Director Sun-uk Kim for
Audit Committee Member
CEO Ki-nam Kim
Mar 17, 2021 - - CEO Hyun-suk Kim -
CEO Dong-jin Koh
Feb 15, 2022 CEO Ki-nam Kim (resigned)
- CEO Jong-hee Han -
CEO Hyun-suk Kim (resigned)

Type of Appointed
Date of Terms expired
shareholder or dismissed
change Newly appointed Reappointed
meeting
CEO Dong-jin Koh (resigned)
Executive Director Kye-hyun Kyung
Executive Director Tae-moon Roh
Executive Director Hark-kyu Park
Mar 16, 2022 AGM Independent Director Han-jo Kim -
Executive Director Jung-bae Lee
Independent Director Wha-jin Han
Independent Director Jun-sung Kim
Mar 16, 2022 - CEO Kye-hyun Kyung - -
Independent Director Eun-nyeong Heo
Nov 3, 2022 EGM - -
Independent Director Myung-Hee Yoo
Mar 15, 2023 AGM - Executive Director Jong-hee Han -
Mar 15, 2023 - - CEO Jong-hee Han -
Feb 15, 2022: Executive Directors Ki-nam Kim, Hyun-suk Kim, and Dong-jin Koh resigned from their positions as CEO (and their positions as
Executive Directors on March 16, 2022); and Executive Director Jong-hee Han was appointed as CEO at the Board meeting held on the same date.
Mar 16, 2022: Kye-hyun Kyung was newly appointed as Executive Director at the AGM and appointed as CEO at the Board meeting held on the same
date.
Independent Director Wha-jin Han resigned and Independent Director Byung-gook Park vacated his position in 1H22; Eun-Nyeong Heo and Myung-
Hee Yoo were newly appointed as Independent Directors at the Extraordinary General Meeting held on November 3, 2022.
Mar 15, 2023: Director Jong-hee Han was reappointed at the AGM and reappointed as CEO at the Board meeting held on the same date.
C. Changes in the major shareholder

The major shareholder changed to Samsung Life Insurance as the shares of the previous major shareholder were
inherited by beneficiaries on April 29, 2021.
[ As of December 31, 2023]
Name of major Number of shares
Date of Change Share ratio Reason for change Note
shareholder owned
Samsung Life Shares of the previous major shareholder
Apr 29, 2021 1,263,050,053 21.16% -
Insurance were inherited by beneficiaries
Number of shares owned and share ratio are the sum of those of major shareholder and its related parties, and the number of shares is based on shares
with voting rights (including those with limited voting rights in accordance with relevant laws).
☞ Please refer to 『VII. Information on Shareholders』 for details on the major shareholder.
D. Company name changes

In 2019, Samsung Electronics Greece S.A. (SEGR) changed its name to Samsung Electronics Greece S.M.S.A. (SEGR).
In 2021, Samsung Electronics Portuguesa S.A. (SEP) changed its name to Samsung Electronics Portuguesa, Unipessoal,
Lda. (SEP).
In 2023, Emerald Intermediate, Inc. changed its name to Samsung Display America Holdings, Inc. (SDAH).
☞ Details are for SEC and major subsidiaries of SEC. See 『1. Subsidiaries subject to consolidated accounting (detailed)』 in 『XII.
Appendix』 for details.

E. Mergers and acquisitions
In 2019, Samsung Electronics Benelux B.V. (SEBN) acquired shares of Corephotonics Ltd. In the same year, SEC
acquired a PLP business from affiliate Samsung Electro-Mechanics. In addition, Harman Becker Automotive Systems
Manufacturing Kft merged with Duran Audio B.V.; and Samsung (China) Investment Co., Ltd. (SCIC) merged with
Samsung Electronics (Beijing) Service Company Limited (SBSC).
In 2021, Samsung Research America, Inc. (SRA) merged with Viv Labs, Inc. Furthermore, Samsung Electronics
America, Inc. (SEA) merged with Prismview, LLC. In 2023, Samsung Display America Holdings, Inc. (SDAH)
acquired shares of eMagin Corporation.
☞ Details are for SEC and major subsidiaries of SEC. See 『1. Subsidiaries subject to consolidated accounting (detailed)』 in 『XII.
Appendix』 for details.
F. Important changes in the Company’s business

There were no changes during the reporting period.
G. Other important matters related to the Company’s business

(1) Important matters related to the Company’s business
Year Products
Launched Galaxy S10 5G, a 5G smartphone
Launched Bespoke, a refrigerator that is customizable to customers’ lifestyle

2019
Unveiled Exynos 980 5G mobile processor
Unveiled Galaxy Fold, a new form factor via a foldable phone
Launched Grande AI, an AI-based washer and dryer
Launched ultrahigh speed DRAM for AI and next-generation super computers

2020
Unveiled Galaxy Z Flip, a foldable phone
Started operation of Pyeongtaek Line 2, the world’s largest semiconductor line
Unveiled Neo QLED TV

Received certification for reducing carbon emissions, water use, and waste discharge for all of our
2021 semiconductor worksites, a first in the global semiconductor industry
Started mass producing the industry’s most advanced 14-nano EUV DDR5 DRAM
Announced investment in a new foundry production site in Taylor, Texas, USA
Unveiled Bespoke Infinite Line
Mass produced 3nm GAA foundry, a world’s first

2022
Held a groundbreaking ceremony for the next-generation semiconductor R&D complex
Mass produced 1Tb 8th-generation V-NAND

Year Products
Released ISOCELL HP2, a 200-megapixel image sensor concentrated with ultra-fine pixel technology
Unveiled the Galaxy S23 series
Developed CXL 2.0 DRAM for high-density memory processor, an industry first
Started mass producing the industry’s most advanced 12-nano class DRAM
Opened Samsung Gangnam, an immersive flagship store

2023
Developed high-performance GDDR7 DRAM for graphics, an industry first
Unveiled the Galaxy Z Fold5 and Galaxy Z Flip5
Developed 32Gb DDR5 DRAM, the largest capacity currently available
Developed industry’s first LPCAMM, a next-generation DRAM
Unveiled Samsung Gauss, a generative AI model
(2) Organizational changes

In December 2021, the Company merged its CE and IM Divisions to form the DX Division and changed the Mobile
Communications Business to the Mobile eXperience (MX) Business.
Also, the Company separated SDC and the DS Division to align with the corporate organizational structure.
[As of December 2021]

Before After
CE Division (Visual Display, Digital Appliances,
Medical Devices) DX Division (Visual Display, Digital Appliances,
Medical Devices, MX Business, Networks)
IM Division (Mobile, Networks)
Business
organization DS Division (Memory, System LSI, Foundry)
DS Division (Memory, System LSI, Foundry, DP)
SDC (DP)
Harman Division Harman

Korea, North America, Latin America, Europe, CIS, Southwest Korea, North America, Latin America, Europe, CIS,
Regional Asia, Southeast Asia, China, Middle East, Africa Southwest Asia, Southeast Asia, China, Middle East, Africa
headquarters Americas (DS), Europe (DS), China (DS), Southeast Asia (DS), Americas (DS), Europe (DS), China (DS), Southeast Asia
Japan (DS) (DS), Japan (DS)
3. Changes in paid-in capital

There were no changes in paid-in capital during the reporting period.
Due to the retirement of shares, the total par value of the shares issued is KRW 679,267 million (KRW 596,978 million
in common stock and KRW 82,289 million in preferred stock), which is not equivalent to paid-in capital of KRW
897,514 million.
(KRW, shares)

Type of stock Classification December 31, 2023
Number of issued shares 5,969,782,550
Common Par value 100
Paid-in capital 596,978,255,000
Number of issued shares 822,886,700
Preferred Par value 100
Paid-in capital 82,288,670,000
Total Paid-in capital 679,266,925,000
4. Stock information
A. Total number of shares
As of December 31, 2023, SEC’s issued shares on a cumulative basis totaled 7,780,466,850 registered common shares
and 1,194,671,350 registered, non-voting preferred shares; and the Company had canceled 1,810,684,300 common
shares and 371,784,650 preferred shares in accordance with resolutions of the Board of Directors (the Board). As of
the same date, issued shares and shares outstanding totaled 5,969,782,550 for common shares and 822,886,700 for
preferred shares.
[As of December 31, 2023] (Shares)

Type of stocks
Classification Note
Common Preferred Total
I. Authorized shares 20,000,000,000 5,000,000,000 25,000,000,000 -
II. Issued shares (cumulative) 7,780,466,850 1,194,671,350 8,975,138,200 -
III. Decrease in number of shares (cumulative) 1,810,684,300 371,784,650 2,182,468,950 -
1. Capital reduction - - - -
2. Cancellation 1,810,684,300 371,784,650 2,182,468,950 Treasury shares
3. Redemption - - - -
4. Other - - - -
IV. Issued shares (II-III) 5,969,782,550 822,886,700 6,792,669,250 -
V. Treasury shares - - - -
VI. Outstanding shares 5,969,782,550 822,886,700 6,792,669,250 -
B. Treasury shares
In 2018, SEC completed the cancellation of all shares held in treasury as a part of its shareholder return policy, and no
acquisition/disposal transaction of treasury shares was made during the reporting period.
[As of Dec 31, 2023] (Shares)
Change
Period-
Acquisition method Share type Period-end
start Acquisition Disposal Cancellation
(+) (-) (-)
Common - - - - -
Intra-market direct acquisition
(within dividend related capital gains limit)
Preferred - - - - -
Common - - - - -
Acquisition from a trust agreement
(within dividend related capital gains limit)
Preferred - - - - -
Common - - - - -
Total
Preferred - - - - -
C. Types of registered stock

SEC has two types of registered equity securities: 1) common stock; 2) non-voting and non-cumulative preferred stock.
The shareholders of preferred stock are entitled to dividend payments of an additional 1% of par value compared to
shareholders of common stock.
As of December 31, 2023, the number of issued non-cumulative and non-voting preferred stock totaled 822,886,700.
[Current status of issued preferred stock] (KRW, Shares)
Classification Contents
Issued date Aug 25, 1989 (first issued date)
Par value per share 100
Total amount issued (based on par value) / total number of shares issued
119,467,000,000 1,194,671,350
to date
Amount to date / number of shares to date 82,289,000,000 822,886,700
Entitled to dividend payments of an additional 1% of

Matters on dividend
par value compared to common shares
Details Matters on residuary distribution -
on stock
Matters on Redemption conditions -
redemption Redemption method -

Classification Contents
Redemption period -
Redemption value per share -
Redemption expected within a year -
Conversion conditions (including changes in

-
conversion ratio)
Conversion period -
Matters on
Types of shares to be issued with the
conversion -
conversion
Number of shares to be issued after the

-
conversion
Matters on voting rights No voting rights
Other factors to consider when making investment decisions (matters on

-
shareholders’ agreement and financial covenants, etc.)
Due to the cancellation of shares, the total par value of issued stocks is KRW 82,289 million and is thus different from the paid-in capital (KRW
119,467 million).
The total number of shares issued to date and the number of shares to date above reflect the changes in the number of shares due to the stock split in
2018.

[Preferred stock, by issued date] (KRW, shares)
Details of increase/decrease
Date Change Number of Par value per Issue price

Type Total par value Total issue price
shares share per share
Aug 25, 1989 Rights issue Preferred 3,400,000 5,000 17,000,000,000 28,800 97,920,000,000
Aug 25, 1989 Bonus issue Preferred 340,000 5,000 1,700,000,000 5,000 1,700,000,000
Exercise of
Oct 29, 1990 Preferred 371,620 5,000 1,858,100,000 29,600 10,999,952,000
conversion rights
Exercise of
Mar 19, 1991 Preferred 40,898 5,000 204,490,000 29,341 1,199,988,218
conversion rights
Exercise of
Mar 30, 1991 Preferred 5,112 5,000 25,560,000 29,341 149,991,192
conversion rights
Exercise of
Apr 8, 1991 Preferred 1,704 5,000 8,520,000 29,341 49,997,064
conversion rights
May 17, 1991 DR issuance Preferred 1,907,671 5,000 9,538,355,000 37,973 72,439,990,883
Exercise of
Jul 24, 1991 Preferred 34,081 5,000 170,405,000 29,341 999,970,621
conversion rights
Exercise of
Jul 30, 1991 Preferred 20,449 5,000 102,245,000 29,341 599,994,109
conversion rights


Exercise of
Jul 31, 1991 Preferred 64,754 5,000 323,770,000 29,341 1,899,947,114
conversion rights
Exercise of
Aug 30, 1991 Preferred 214,716 5,000 1,073,580,000 29,341 6,299,982,156
conversion rights
Exercise of
Sep 30, 1991 Preferred 20,448 5,000 102,240,000 29,341 599,964,768
conversion rights
Jun 17, 1993 DR issuance Preferred 2,542,372 5,000 12,711,860,000 47,312 120,284,704,064
Exercise of
Oct 29, 1993 Preferred 105,999 5,000 529,995,000 28,302 2,999,983,698
conversion rights
Nov 12, 1993 DR issuance Preferred 2,158,273 5,000 10,791,365,000 55,975 120,809,331,175
Exercise of
Nov 29, 1993 Preferred 58,295 5,000 291,475,000 28,302 1,649,865,090
conversion rights
Exercise of
Nov 30, 1993 Preferred 19,079 5,000 95,395,000 28,302 539,973,858
conversion rights
Apr 6, 1994 DR issuance Preferred 1,086,956 5,000 5,434,780,000 74,502 80,980,395,912


Exercise of
Jun 3, 1994 Preferred 16,027 5,000 80,135,000 25,809 413,640,843
conversion rights
Exercise of
Jun 6, 1994 Preferred 9,072 5,000 45,360,000 25,809 234,139,248
conversion rights
Exercise of
Jun 13, 1994 Preferred 17,236 5,000 86,180,000 25,809 444,843,924
conversion rights
Exercise of
Jun 22, 1994 Preferred 1,209 5,000 6,045,000 25,809 31,203,081
conversion rights
Exercise of
Jun 27, 1994 Preferred 16,632 5,000 83,160,000 25,809 429,255,288
conversion rights
Exercise of
Jun 28, 1994 Preferred 54,131 5,000 270,655,000 25,809 1,397,066,979
conversion rights
Exercise of
Jun 29, 1994 Preferred 292,127 5,000 1,460,635,000 25,809 7,539,505,743
conversion rights
Exercise of
Jun 30, 1994 Preferred 52,922 5,000 264,610,000 25,809 1,365,863,898
conversion rights


Exercise of
Jul 1, 1994 Preferred 232,854 5,000 1,164,270,000 25,809 6,009,728,886
conversion rights
Exercise of
Jul 4, 1994 Preferred 116,426 5,000 582,130,000 25,809 3,004,838,634
conversion rights
Exercise of
Jul 5, 1994 Preferred 188,401 5,000 942,005,000 25,809 4,862,441,409
conversion rights
Exercise of
Jul 6, 1994 Preferred 686,164 5,000 3,430,820,000 25,809 17,709,206,676
conversion rights
Exercise of
Jul 7, 1994 Preferred 270,349 5,000 1,351,745,000 25,809 6,977,437,341
conversion rights
Exercise of
Jul 8, 1994 Preferred 977,068 5,000 4,885,340,000 25,809 25,217,148,012
conversion rights
Exercise of
Jul 12, 1994 Preferred 6,048 5,000 30,240,000 25,809 156,092,832
conversion rights
Exercise of
Jul 19, 1994 Preferred 68,040 5,000 340,200,000 25,809 1,756,044,360
conversion rights


Exercise of
Jul 20, 1994 Preferred 4,232 5,000 21,160,000 25,809 109,223,688
conversion rights
Exercise of
Aug 12, 1994 Preferred 944 5,000 4,720,000 25,502 24,073,888
conversion rights
Mar 13, 1995 Bonus issue Preferred 3,028,525 5,000 15,142,625,000 5,000 15,142,625,000
Mar 13, 1996 Bonus issue Preferred 5,462,593 5,000 27,312,965,000 5,000 27,312,965,000
Apr 14, 2003 Share cancellation Preferred -470,000 5,000 -2,350,000,000 - -
Jan 15, 2004 Share cancellation Preferred -330,000 5,000 -1,650,000,000 - -
May 4, 2004 Share cancellation Preferred -260,000 5,000 -1,300,000,000 - -
Jan 15, 2016 Share cancellation Preferred -1,240,000 5,000 -6,200,000,000 - -
Jul 19, 2016 Share cancellation Preferred -320,000 5,000 -1,600,000,000 - -
Sep 28, 2016 Share cancellation Preferred -230,000 5,000 -1,150,000,000 - -
May 2, 2017 Share cancellation Preferred -1,614,847 5,000 -8,074,235,000 - -


Jul 24, 2017 Share cancellation Preferred -225,000 5,000 -1,125,000,000 - -
Oct 25, 2017 Share cancellation Preferred -168,000 5,000 -840,000,000 - -
Jan 30, 2018 Share cancellation Preferred -178,000 5,000 -890,000,000 - -
May 3, 2018 Stock split Preferred 885,556,420 100 - - -
Dec 4, 2018 Share cancellation Preferred -80,742,300 100 -8,074,230,000 - -
Preferred stock total 822,886,700 82,288,670,000 642,261,376,652

5. Changes to Articles of Incorporation
A. History of Articles of Incorporation
The most recent changes to the Articles of Incorporation took place on March 23, 2018. There were no other changes in the
Articles of Incorporation in the past three fiscal years or in 2023 as of the disclosure date of the Korean version of this report.
Amendments to the Articles of Incorporation are included in the Agenda for the 55th AGM, which will occur after the
submission date of the 2023 Business Report.
☞ For details of the agenda items for the 55th AGM, please refer to the “Announcement of Shareholders’ Meeting”
disclosed on Financial Supervisory Service’s DART (http://dart.fss.or.kr) on February 20, 2024.
B. Purpose of Business
[Business purpose]
No. Business Purpose Status
Manufacture, sale, collection service, lease and maintenance service of electronic and electrical machines and
1 appliances, other related equipments and their components Operating
Manufacture, sale, collection service, lease and maintenance service of communication machines & appliance,
2 other related equipments and their components Operating
3 Manufacture and sale of medical equipments Operating
Manufacture, sale and maintenance service of luminous disk, luminous source-applied machines and appliances
4 and their components Operating
5 Manufacture, sale, lease and maintenance service of optical fiber, cable and other related equipments Operating
Manufacture, sale, collection service, lease and maintenance service of electronic computer system and other
6 related products Operating
7 Manufacture, sale and lease of copyright works and computer programs, etc. Operating
8 Sale and lease of know-how and technology Operating
9 Construction, operation and engineering service of information communication systems Operating
10 Manufacture, sale, lease and maintenance service of automatic control systems and applied equipments Operating
11 Manufacture, sale, lease and maintenance service of machine tools and their components Operating
12 Manufacture and sale of semiconductors and other related products Operating
13 Manufacture and sale of manufacturing facilities for semiconductors Operating
14 Manufacture and sale of raw and accompanying materials for semiconductor manufacturing Operating

No. Business Purpose Status
15 Manufacture and sale of other machines and appliances Operating
16 Manufacture, processing and sale of synthetic resins Operating
17 Refining, processing and sale of metals other than gold Operating
18 Export, import and its agency business Operating
19 Cultivation and sale of cash crop Not operating
20 Real estate business Operating
21 Offer business Operating
22 Manufacture, sale and test of gauge and measuring instruments, etc. Operating
Technology service for the above items, construction of information communication and construction of electric
23 connection system Operating
24 Lease and sale of residential lots Operating
25 Sports, games and other related businesses Operating
26 Manufacture of electric motor, power generator and electric converter apparatus Operating
27 Manufacture of electricity supply and control devices Operating
28 Educational service and other services related to business Operating
29 Business and investment incidental to any of the foregoing Operating

II. Businesses Overview
Note on forward-looking statements
This report includes forward-looking statements that relate to future events and can be generally identified by phrases
containing words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases
of similar meaning. These forward-looking statements are not guarantees of future performance and may involve known
and unknown risks, uncertainties and other factors that may affect our actual results, performance, achievements or financial
position, making them materially different from the actual future results, performance, achievements or financial position
expressed or implied by these forward-looking statements. Unless otherwise specified, all data presented in this report is
from our consolidated financial statements.
Uncertain events that could positively or negatively affect the Company’s management condition and financial performance
include, but are not limited to:
• Trends of financial markets domestically and abroad, including changes in exchange rates and interest rates
• The Company’s strategic decision making, including disposals and purchases of businesses
• Unexpected sudden changes in core businesses such as CE, IM, Semiconductor, DP and Harman
• Other changes domestically and abroad that can affect management condition and financial performance
The Company assumes no obligation to revise or update this report to reflect risks or uncertainties that arise after the
reporting period.
(Responsibility statement)
In accordance with article 3(2) c) of the Transparency Law (Luxembourg), Jong-hee Han and Hark-kyu Park, as a CEO and
the executive in charge of reporting confirm that, to the best of their knowledge, the consolidated financial statements and
the statutory non-consolidated financial statements prepared in accordance with the applicable set of accounting standards
give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings
included in the consolidation taken as a whole and that the management report includes a fair review of the development
and performance of the business and the position of the Company and the undertakings included in the consolidation taken
as a whole, together with a description of the principal risks and uncertainties that they face.
1. Overview
In addition to our headquarters in Korea, Samsung Electronics Co., Ltd. (Samsung Electronics, SEC, or the Company)
consists of 232 subsidiaries across the world responsible for sales and production, which include 9 regional headquarters
for the Device eXperience (DX) Division, 5 regional headquarters for the Device Solutions (DS) Division, and subsidiaries
of Samsung Display (SDC) and Harman.
The Company’s business divisions form a two-pronged framework consisting of finished products businesses and
component businesses. For finished products, the DX Division is responsible for the production and sales of TVs, monitors,
refrigerators, washing machines, air conditioners, smartphones, computers, and network systems. For components, the DS
Division manufactures and sells DRAM, NAND flash, and mobile Aps; and SDC manufactures and sells panels, including
mobile OLED panels. Harman (acquired in 2017) manufactures and sells automotive products such as digital cockpits, car-
audio products, and consumer audio products such as portable speakers and soundbars.
In December 2021, the Company merged and restructured the CE and IM Divisions to form the DX Division and renamed
the Mobile Communications Business to the MX Business. Also, SDC and the DS Division have been separated to align
with the corporate organizational structure.
☞ See C. Current status of each division and D. Financial summary by organization in 『7. Other information』 for more details
about each Division.
The Company’s corporate headquarters—which oversees the DX and DS Divisions—and 35 consolidated subsidiaries are
located in Korea. The headquarters is divided along Divisions and/or Businesses, which are located in Suwon, Gumi,
Gwangju, Giheung, Hwaseong, Pyeongtaek, etc. The Company’s unlisted domestic subsidiaries include Samsung Display
for display panel production, Samsung Electronics Sales for domestic retail sales, Samsung Electronics Service for after-
sales services, and Samsung Electronics Logitech for logistics.
We have 197 unlisted overseas subsidiaries for product manufacturing, sales, and R&D, with locations in the US,
Europe/CIS, Middle East/Africa, and Asia, etc.
We have 47 subsidiaries in the Americas, including SEA (New Jersey; responsible for the sales of finished products
including TV and smartphones), SII (California; manufacturing of TVs), SSI (California; sales of semiconductors and DPs),
SAS (Texas; manufacturing of semiconductor products), SEDA (Brazil; manufacturing of multiple finished products) and
Harman (Connecticut; automotive components).
In Europe and CIS, we operate 68 subsidiaries, including SEUK (UK), SEG (Germany), SEF (France), SEI (Italy), SERC
(Russia) for sales of finished products; SEH (Hungary) and SERK (Russia) for manufacturing TVs, and SEPM (Poland) for
manufacturing home appliances.
We have 20 subsidiaries in Middle East and Africa, including SGE (UAE) and SSA (South Africa) for sales of finished
products and SEEG (Egypt) and SSAP (South Africa) for manufacturing TVs.
There are 32 subsidiaries in Asia (ex China), including SESP (Singapore), SEAU (Australia), SEPCO (Philippines), and
SME (Malaysia), which are responsible for regional sales. In addition, we operate numerous production sites including SEV
and SEVT (Vietnam) for smartphones, SEHC (Vietnam) for TVs, SDV (Vietnam) for display panels, and SIEL (India) for
multiple products.
We operate 30 subsidiaries in China, including SCIC (Beijing) and SEHK (Hong Kong) for the sales of finished products
in those regions; and SSS (Shanghai) and SSCX (Xian) for semiconductor and display panel sales. Production sites for
finished products include SSEC (Suzhou) and semiconductor production facilities are located in SCS (Xian) among others.
The Company in 2023 recorded total revenue of KRW 258,935.5 billion, a decrease of 14.3% year-on-year. Major customers
(listed in alphabetical order) included Apple, Best Buy, Deutsche Telekom, Qualcomm, and Verizon.

2. Key products and services
A. Revenue
SEC is involved in the production and sales of finished products, including TVs, refrigerators, washers, air conditioners,
smartphones, and components such as semiconductors (e.g., DRAM, NAND flash, mobile APs) and mobile OLED panels.
Through Harman, the Company also produces and sells digital cockpits, car audio products, portable speakers, and more.
In 2023, reported revenue was KRW 169,992.3 billion (65.7% of total net sales) for DX; KRW 66,594.5 billion (25.7%) for
DS; KRW 30,975.4 billion (12.0%) for SDC; and KRW 14,388.5 billion (5.6%) for Harman.
(KRW 100 mil)

Organization Major products Revenue Portion
TVs, monitors, refrigerators, washing machines, air conditioners,
DX Division 1,699,923 65.7%
smartphones, network systems, computers, etc.
DS Division DRAM, NAND flash, mobile APs, etc. 665,945 25.7%
SDC OLED smartphone panels, etc. 309,754 12.0%
Harman Digital cockpits, car audio products, portable speakers, etc. 143,885 5.6%
Others Overlapping internal transactions between Divisions -230,152 -9.0%
Total 2,589,355 100.0%
Includes inter-divisional transactions.
☞ See 『4. Revenue and long-term contracts』for information by each product.
B. Changes in average selling price

In 2023, the average selling price (ASP) of TVs decreased by approximately 3% and the ASP of smartphones increased by
around 6%. Memory-product ASP fell by approximately 45%, OLED panels for smartphones ASP increased by
approximately 2%, and the ASP of digital cockpits increased by approximately 1%.
※ Data for price fluctuations of key products is provided only for smartphones from 2023 as smartphones are our key
product line. (Previous reporting included other product lines.)
Price trends 2022 2021
Smartphones Increased 4% Y-Y Increased 3% Y-Y

3. Production materials and production facilities
A. Key production materials
For the DX Division, key materials include mobile AP solutions and camera modules, which are supplied by Qualcomm,
Semco, etc., and display panels for TVs and monitors, which are supplied by CSOT, etc. For the DS Division, key materials
include chemicals and wafers, supplied by Soulbrain, SK Siltron, etc., and for SDC, key materials include FPCAs and cover
glass, with suppliers such as BH, Apple, etc. For Harman, key materials include system-on-chip (SoC) products, including
microcontroller units, communication modules, etc., which are supplied by Nvidia and WNC, etc.
(KRW 100 mil)
Organization Specific usage Purchase price Portion1) Main supplier(s)
Item
Mobile AP solutions CPU 117,320 18.1% Qualcomm, MediaTek, etc.
Color picture signaler
Display panel 58,624 9.0% CSOT, AUO, etc.
for TV, monitor
DX Division2) Camera for
52,124 8.0% Semco, Powerlogics, etc.
Camera module smartphone
Others - 421,425 64.9%
Sub total 649,493 100.0%
Soulbrain, DongWoo Fine-
Chemical Disk processing 25,700 15.7%
Chem, etc.
Wafer Semiconductor disk 22,393 13.7% SK Siltron, SUMCO, etc.
DS Division
Others - 115,283 70.6%
Sub total 163,376 100.0%
FPCA Circuit 24,307 22.2% BH, YP Electronics, etc.
Cover glass Tempered glass 16,856 15.4% Apple, Biel, etc.
SDC
Others - 68,121 62.4%
Sub total 109,284 100.0%
SoC CPU 7,678 9.9% Nvidia, Intel, etc.
Communication Vehicular WNC (Wistron NeWeb Corp.),
4,752 6.1%
Harman module communication etc.
Others - 65,503 84.0%
Sub total 77,933 100.0%
Others - 462 -
-
Total 1,000,548 -
Purchase price does not include sales between Divisions.
Semco is a subsidiary.
1) Portion of purchase price of each item compared to total purchase price for each Division’s raw materials.
2) From 2023 the price of Mobile AP Solutions (e.g., AP and AP-exclusive IC type materials) replaces the price of Mobile Aps, given the high
correlation between APs and the surrounding components.
(KRW 100 mil)
Purchase Price 2022 2021
Mobile AP Solution 113,790 76,295

B. Production material price trends
On a year-on-year basis, the prices of mobile APs and camera modules, which are major production materials for the DX
Division, increased by approximately 30% and 11%, respectively. The price of TV- and monitor-use display panels increased
in the region of 9%. The price of raw wafers for semiconductors increased by about 1%, and the price of FPCAs for SDC
increased by approximately 5%. The price of tempered glass cover glass decreased by approximately 4%. For Harman, the
price of SoCs increased by about 10% and the price of communication modules decreased by approximately 7%.
※ Data include internal transactions between Divisions, etc.
From 2023 the price of Mobile AP Solutions (e.g., AP and AP-exclusive IC type materials) replaces the price of Mobile APs, given the high correlation
between APs and the surrounding components.
Price trends 2022 2021
Mobile AP Solutions Increased 46% Y-Y Similar Y-Y
C. Production capacity, output, utilization rate

(Capacity)
(1,000 units)
Capacity
Organization Item
2023 2022 2021
TV, monitor, etc. 53,552 55,747 54,235
DX Division
Smartphone, etc. 284,700 332,170 319,550
DS Division Memory 1,926,651,546 1,905,731,836 1,756,009,941
SDC Display panel 2,320 2,700 3,604
Harman Digital cockpit 10,912 11,257 9,066
Production capacity for major product categories on a consolidated basis.
The DX Divisions’ production capacity, by major product, is calculated as follows:
 the average number of lines (×) the average output per hour (×) the average operation hours per day (×) standard days of operation
Memory production capacity for the DS Division is calculated as follows:
 converted output (after packaging, 1Gb equivalent) ÷ the utilization rate
SDC’s production capacity is calculated as follows:
 the total producible panel surface area ÷ the dimensions of eighth generation glass (2,200x2,500mm)
Harman’s production capacity for Digital cockpit is calculated as follows:
 the number of production (assembly and test) cells for each customer/product (×) the production capacity per hour by production
cell (×) the standard operation hours per day (×) standard days of operation
(Output)
In 2023, the DX Division’s output of TVs, monitors, etc., was 40,085 thousand units (major production sites: Mexico,
Vietnam, Brazil, and Hungary), and smartphone output was 189,991 thousand units (major production sites: Korea [Gumi],
Vietnam, India, and Brazil). The DS Division’s memory output in 1Gb equivalents was 1,926,652 million (major production
sites: Korea [Hwaseong, Pyeongtaek, etc.] and China). SDC’s output of display panels (in 8th generation glass equivalent)
was 1,407,000 units (major production sites: Korea [Cheonan, Asan]). Harman’s Digital cockpit output was 7.658 million
units (major production sites: Mexico, Hungary, China).

(1,000 units)
Output
Organization Item
2023 2022 2021
TV, monitor, etc. 40,085 41,802 44,133
DX Division
Smartphone, etc. 189,991 229,180 260,501
DS Division Memory 1,926,651,546 1,905,731,836 1,756,009,941
SDC Display panel 1,407 2,008 2,849
Harman Digital cockpit 7,658 8,334 6,928
Output for major product categories on a consolidated basis.
(Utilization rate)
DX utilization rates in 2023 were calculated as actual output relative to production capacity. The utilization rates were 74.9%
for TVs, monitors, etc. and 66.7% for smartphones, etc.
(1,000 units)
2023
Organization Item
Production capacity Output Utilization rate
TV, monitor, etc. 53,552 40,085 74.9%
DX Division
Smartphone, etc. 284,700 189,991 66.7%
The DS Division and SDC respectively operate memory and display panel production in three shifts covering 24 hours a
day. Cumulative operating days including holidays were 365 days in 2023. The utilization rate was calculated as the actual
production time relative to the potential production capacity [operating days (×) number of production lines (×) 24 hours].
(Hours)
2023
Organization Item
Potential production time Actual production time Utilization rate
DS Division Memory 87,600 87,600 100%
SDC Display panel 43,800 43,800 100%
In 2023, Harman’s utilization rate was 70.2% and was calculated as actual output relative to production capacity.
(1,000 units)
2023
Organization Item
Production capacity Output Utilization rate
Harman Digital cockpit 10,912 7,658 70.2%
D. Production facilities and investment

(Key facilities for production and operation)
The Company’s operational activities include production, development, marketing, and sales. In Korea, operations are
located in Suwon, Gumi, Gwangju, Hwaseong, Pyeongtaek, and Asan. Overseas operations in North America, Europe, and
China include a total of nine regional headquarters under the DX Division, five regional headquarters under the DS Division,
and subsidiaries of SDC and Harman.

[Operations]
Region Operations Location

Suwon Suwon
Seocho Seoul
Woomyeon Seoul
Giheung Yongin
Hwaseong Hwaseong
Korea Pyeongtaek Pyeongtaek
(DX Division, DS Division,
SDC – 12 work sites) Cheonan Cheonan
Onyang Onyang
Asan Asan
Gumi1 Gumi
Gumi2 Gumi
Gwangju Gwangju
North America New Jersey, US
Europe Surrey, UK
China Beijing, China
Southeast Asia Singapore, Singapore
Overseas
(DX Division – 9 regional Southwest Asia Haryana, India
headquarters) CIS Moscow, Russia
Middle East Dubai, UAE
Africa Johannesburg, South Africa
Latin America Sao Paolo, Brazil
Americas San Jose, US
Europe Munich, Germany
Overseas
(DS Division – 5 regional China Shanghai, China
headquarters) Southeast Asia Singapore, Singapore
Japan Tokyo, Japan
North America HQ Connecticut, US
Harman Becker Automotive
Michigan, USA
Systems, Inc.
Harman Harman Becker Automotive
Karlsbad, Germany
Systems GmbH
Harman Consumer Nederland
Amsterdam, Netherlands
B.V.
The Company’s property, plant and equipment include land, buildings and structures, machinery and equipment, and
construction in progress; and the total book value as of December 31, 2023, was KRW 187,256.3 billion, which is an increase
of KRW 19,210.9 billion from year-end 2022.
(KRW 100 mil)

Buildings and Machinery and Under Other tangible
Classification Land Total
structures equipment construction assets
Book value 98,922 407,069 797,146 336,076 41,241 1,680,454
Dec 31, - Acquisition cost 100,246 677,138 3,030,006 336,076 132,485 4,275,951
2022 - Accumulated
depreciation (including -1,324 -270,069 -2,232,860 - -91,244 -2,595,497
impairment loss)
General acquisition and
1,723 64,986 336,417 131,418 14,620 549,164
capital expenditure
Acquired in a business
- 181 201 347 2 731
combination
Depreciation1) -494 -38,843 -300,316 - -15,671 -355,324
Change
Disposal/discard/
-259 -2,126 -847 -3 -380 -3,615
impairment
Assets held for sale -66 -543 -371 -63 -141 -1,184
Others2) 168 1,657 862 -572 222 2,337
Book value 99,994 432,381 833,092 467,203 39,893 1,872,563
- Acquisition cost 101,580 736,900 3,285,615 467,203 140,586 4,731,884
Dec 31,
2023 - Accumulated
depreciation
-1,586 -304,519 -2,452,523 - -100,693 -2,859,321
(including impairment
loss)
Market value of major tangible assets is omitted as objective assessment is difficult.
1) Land-depreciation is depreciation expense of right-of-use asset as per K-IFRS 1116 (Lease).
2) Includes effects of FX rates and government subsidies.
(Capex)
The Company’s capex in 2023 was approximately KRW 53.1 trillion, with investments concentrating on capacity
expansions and migration to advanced nodes; and also on infrastructure for the DS Division and SDC. To prepare for
improved global market conditions, the Company in 2024 will keep monitoring investments to strengthen competitiveness
for next-generation technologies and prepare for medium- to long-term demand while also fortifying its fundamentals by
enhancing investment efficiency.
[Capex, by organization]
(KRW 100 mil)
Organization Purpose Period Assets Investment
DS division Establishment, addition, upgrade January–December 2023 Buildings, facilities, etc. 483,723
SDC Establishment, addition, upgrade January–December 2023 Buildings, facilities, etc. 23,856
Other Establishment, addition, upgrade January–December 2023 Buildings, facilities, etc. 23,560
Total 531,139

4. Revenue and long-term contracts
A. Revenue
In 2023, the Company recorded total revenue of KRW 258,935.5 billion, a decrease of 14.3% year-on-year. By organization,
when compared to the same period last year, revenue of the DX Division, DS Division, and SDC decreased by 6.8%, 32.4%,
and 9.9%, respectively, and revenue of Harman increased 8.9%.
(KRW 100 mil)

Revenue
Organization Product categories 2023 2022 2021
types
Goods, TVs, monitors, refrigerators,
products, washing machines, air
DX Division 1,699,923 1,824,897 1,662,594
services, conditioners, smartphones,
other network systems, computers, etc.
Goods,
products, DRAM, NAND flash, mobile APs,
DS Division 665,945 984,553 953,872
services, etc.
other
Goods,
products, OLED panels for smartphones,
SDC 309,754 343,826 317,125
services, etc.
other
Goods,
products, Digital cockpit, car-audios,
Harman 143,885 132,137 100,399
services, portable-speakers, etc.
other
Overlapping internal transactions between
Others -230,152 -263,099 -237,942
Divisions
Total 2,589,355 3,022,314 2,796,048
Figures for 2021 were adjusted to reflect the organizational changes in December 2021.
(1) Sales, by major product (consolidated basis)

(KRW 100 mil)
Classification 2023 2022 2021
TVs, monitors, etc. 303,752 332,795 314,974
Smartphones, etc. 1,086,325 1,154,254 1,046,806
Memory 441,254 685,349 726,022
Display panels 309,754 343,826 317,125

(2) Revenue, by type
(KRW 100 mil)

Products 2,461,380 2,903,461 2,658,785
Services and other revenue 127,975 118,853 137,263
Total 2,589,355 3,022,314 2,796,048
Other revenue consists of royalty income, etc.
(3) Revenue, by region (on a separate basis)

(KRW 100 mil)
Domestic 205,196 221,799 221,497

Americas 510,934 659,617 583,805
Europe 239,342 265,147 258,227
Export
Asia and Africa 326,262 425,114 336,671
China 422,007 546,998 597,247
Total 1,703,741 2,118,675 1,997,447
Domestic consumption and exports on a separate basis.
B. Sales channels
(1) Domestic
Seller Sales channel Consumer

Exclusive agencies
Distributor
Manufacturer and (general merchandise stores, discount stores, department stores, home-shopping, online, etc.) Consumer
buyer
Telecommunication service provider (SKT Co., Ltd., KT Corp., LG Uplus Corp.)
Direct Sales (B2B and online channels)
(2) Overseas
Seller Sales channel Consumer

Retailer
Dealer Retailer
Regional sales office Distributor Dealer Retailer
Production Telecommunication service provider, automotive OEM
Consumer
subsidiaries Direct sales (B2B and online channels)
Retailer
Regional
Regional distribution office Dealer Retailer
sales office
Distributor Dealer Retailer
(3) Sales ratio (global), by channel
Channel Wholesale Retail Special/direct sales Others
Ratio 19% 30% 46% 5%
C. Sales methods and conditions

(1) Domestic
Classification Channel Collection Incidental expense sharing

Case specific cost sharing as determined
Exclusive Retailer Credit specific
by mutual agreement
General merchandise store,
Distributor discount store, department store, Case specific and contract specific
by mutual agreement
home shopping, online, etc.
Telecommunication SKT Co., Ltd., KT Corp. Case specific cost sharing as determined
Case specific and contract specific
service provider LG Uplus Corp. by mutual agreement (joint marketing)
B2B and online
Corporate clients, etc. Case specific and contract specific N/A
channels
(2) Overseas
Classification Channel Collection Incidental expense sharing

Retailer Retail store Case specific and contract specific
by mutual agreement
General merchandise store, Case specific cost sharing as determined
Dealer Case specific and contract specific
discount store, department store by mutual agreement
Distributor Direct sales to local distributors Case specific and contract specific
by mutual agreement
B2B and online
Corporate clients, etc. Case specific and contract specific N/A
channels
D. Sales strategy
- Expand market leadership based on premium products
- Provide differentiated value to customers through brand, products, and services
- Strengthen marketing activities to boost demand from customer/market
E. Major customers
In 2023, major customers (listed alphabetically) included Apple, Best Buy, Deutsche Telekom, Qualcomm, and Verizon.
Sales to the five major customers accounted for approximately 15% of total sales.
F. Long-term contracts
As of December 31, 2023, there were no long-term contracts that have a significant impact on the Company’s financial
statement.
5. Risk management and derivative trading
A. Financial risk management policy
The Company focuses on minimizing market risk, credit risk, and liquidity risk arising from operating activities. To mitigate
these risks, the Company monitors each risk factor and operates corresponding financial risk management policies and
programs.
The Company manages financial risks by establishing global financial risk management policies and periodically assessing
risks associated with our customers and business partners; and via monitoring foreign exchange hedging and balance of
funds.
Meanwhile, the Company manages exchange rate risk via monitoring exchange rates and executing transactions through
local finance centers in each major region (United States, United Kingdom, Singapore, China, Brazil, and Russia). Liquidity
risk is managed by managing capital as a whole by each region.
The Company’s assets that are under financial risk management consist of cash and cash equivalents, short-term financial
instruments, financial assets at amortized cost, trade receivables and others. The Company’s liabilities under financial risk
management consist of trade payables, borrowings, and others.
B. Major financial risks

(1) Market risk
(Foreign exchange risk)

The Company operates internationally and is exposed to foreign exchange risks as it conducts transactions in currencies
other than the functional currency. Major currencies that are exposed to foreign exchange risk include USD, EUR, and
others.
The Company focuses on minimizing the impact of foreign exchange fluctuation by maintaining an equal amount of assets
and liabilities denominated in each foreign currency. To minimize foreign exchange positions, the Company’s foreign
exchange management policy requires transactions for normal business (including imports and exports) and for financing
(such as deposits/borrowings) to be in the functional currency or for the cash-in currency to match the cash-out currency. If
foreign exchange positions arise, the Company uses bond sales, forward exchanges, etc., to mitigate impacts of exchange-
rate fluctuations. While such measures can reduce foreign exchange risk, they cannot remove the risk entirely. The Company
efficiently manages foreign exchange risk through regular monitoring and assessments, and speculative foreign exchange
transactions are strictly forbidden.
The impacts of a 5% change in currency rates on the profits or losses (before income tax) arising from financial assets and
liabilities denominated in foreign currencies other than functional currency as of the reporting date are as follows:
(KRW mil)
December 31, 2023 December 31, 2022
Classification
Increase Decrease Increase Decrease
USD 418,776 -418,776 258,655 -258,655
EUR 151,740 -151,740 92,546 -92,546

(Interest rate risk)
Interest rate risk arises from changes in the market interest rate and subsequent fluctuations in cash flows from interest
income and expenses from investment and financial activities, mainly in deposits and variable-rate borrowings. The
Company employs internal fund sharing to minimize external borrowings and minimize financial costs and uncertainties
associated with interest rate changes.
The impacts of a 1%pt change in interest rates on profit or loss (before income tax) arising from floating-rate financial
assets and liabilities as of the reporting date are as follows:
(KRW mil)

Classification
Increase Decrease Increase Increase
Financial assets 210,617 -210,617 72,750 -72,750
Financial liabilities -6,197 6,197 -8,427 8,427
Net effect 204,420 -204,420 64,323 -64,323
(Stock price risk)

The Company’s investment portfolio consists of direct and indirect investments in equity securities classified as financial
assets at fair value through other comprehensive income and financial assets at fair value through profit or loss, which is in
line with the Company’s strategy.
As of December 31, 2023, a price fluctuation of marketable equity securities (listed stocks) of 1% changes ‘other
comprehensive income’ (before income tax) by KRW 52,510 million and ‘profit before tax’ by KRW 3,472 million. The
figures as of the same date in 2022 were KRW 92,073 million and KRW 3,144 million, respectively.
(2) Credit risk
Credit risk arises during the normal course of transactions and investing activities where clients or other parties fail to
discharge an obligation. The Company sets and manages the client’s and counterparty’s credit limit, and evaluates their
financial credit rating on a periodic basis based on the client’s and counterparty’s financial conditions, default history and
other important factors. Adequate insurance coverage is maintained for trade receivables related to trading partners situated
in higher risk countries.
Credit risk can arise from transactions with financial institutions, which include financial instrument transactions such as
cash and cash equivalents, savings, and derivative instruments. To minimize such risk, the Company transacts only with
banks that have a strong international credit rating (S&P A and above), and all new transactions with financial institutions
with no prior transaction history are carried out after a soundness evaluation, etc. The Company generally enters into a
financial agreement with no restrictions, such as debt ratio covenants, provision of collateral, and loans or borrowings
repayment. The Company requires separate approval for contracts with restrictions.
The Company estimates that its maximum exposure to credit risk is equivalent to the carrying amount of its financial assets,
which has been reflected after deducting the impairment losses.
(3) Liquidity risk
Liquidity risk refers to the possibility of a company having difficulties in fulfilling its obligations related to financial
liabilities. Our main sources of liquidity are cash generated by business operations and funds procured from capital market
and financial institutions. The main demands on our liquidity include investment for production and R&D, working capital,
and dividend payouts.
The nature of our business requires making large investments, so maintaining an adequate liquidity is crucial. We maintain
and manage our liquidity by estimating required cash, managing income and expenses, etc.
The Company effectively manages its liquidity risk by periodically forecasting projected cash flows and by utilizing regional
cash pooling, which allows for the use of internal funds when an entity in a region lacks liquidity. The cash-pooling program
allows sharing of surplus funds among entities and contributes to minimizing liquidity risk and reducing capital operation
expenses and financial expenses.
In addition, the Company’s headquarters provides payment guarantees to overseas subsidiaries to secure credit limit to brace
for potential large liquidity needs. As of end-2023, our investment ratings from international rating agencies Moody’s and
S&P are Aa2 and AA-, respectively, allowing us to raise capital in the capital market in a timely manner.
The following table is an undiscounted cash flow analysis for financial liabilities according to their remaining contractual
maturity from the end of the reporting date to the contractual maturity date.
(1) As of December 31, 2023

(KRW mil)
Less than 3 months ~6 months ~12 months 1–5 years More than 5 years
Financial liabilities 43,302,421 589,743 1,529,785 7,811,246 2,337,792

(KRW mil)
Less than 3 months ~6 months ~12 months 1–5 years More than 5 years
(4) Capital risk
The purpose of capital management is to protect our capability of continuously providing profit to our shareholders and
stakeholders and to maintain a sound capital structure. To this end, the Company monitors capital on the basis of credit
rating and the ratio of total liabilities to total equity.
As of December 31, 2023, the figures for total liabilities and total equity are as follows:
(KRW mil)
Dec 31, 2023 Dec 31, 2022

Total liabilities 92,228,115 93,674,903
Total equity 363,677,865 354,749,604
Total liabilities to equity ratio 25.4% 26.4%

C. Derivative instruments and put options
The Company hedges foreign currency positions by trading currency forward contracts of currencies other than won for the
purpose of managing foreign exchange risk. Currency forwards are bought through a bank in the purpose of trade and
hedging.
As of December 31, 2023, the Company had 2,757 currency forward contracts involving 35 foreign currencies, such as
USD,EUR, and JPY, and the book value of assets and liabilities as well as related gain and loss were as follows:
(KRW mil)
Assets Liabilities Valuation gain Valuation loss
Currency forwards 119,934 82,749 834,801 999,713
According to the shareholders’ agreement signed with Rainbow Robotics, its major shareholder, etc., the Company
has the right, within a specific time period, to demand that the major shareholder, etc., sell all or part of their Rainbow
Robotics shares to the Company or the third party designated by the Company. Moreover, the major shareholder, etc.,
of Rainbow Robotics has the right to demand that the Company sell all or part of the Company’s Rainbow Robotics
shares back to the major shareholder, etc., under certain conditions. Fair value of the above call option as of December
31, 2023, was evaluated by Deloitte Anjin LLC.
Furthermore, Samsung Display (a subsidiary of the Company) may exercise its put option to sell part of its shares of
Corning Incorporated back to Corning, according to the stock trade contract with Corning on April 8, 2021.
Samsung Display may exercise its put option to sell all or part of its shares of TCL China Star Optoelectronics
Technology Co. Ltd. (CSOT) to TCL Technology Group Corporation (TCL), if CSOT remains unlisted within the
listing period, according to the shareholders’ agreement executed with TCL and CSOT on April 1, 2021.
Fair value of the above put option as of December 31, 2023, was evaluated by Earnest & Young Global Limited.

6. Major contracts and research and development activities
A. Major contracts
Account Contract information Contents
Type Patent cross-license agreement
Date Jan 25, 2014

Google
Purpose and contents Secure business flexibility through mutual patent licensing
Other Permanent license contract (including patent applications in the next 10 years)
Type Process technology license agreement

GlobalFoundries
Date Feb 28, 2014
Inc.
Purpose and contents Expand customer base of 14nm process
Type EMADA
Google Date Feb 27, 2019–Dec 31, 2023 (extended)

Licensing agreement for using Google apps (Play Store, YouTube, etc.) in 32 European
Purpose and contents
countries (EEA)
Ericsson Date May 7, 2021
Qualcomm Date July 6, 2022
Purpose and contents Secure business flexibility through mutual patent licensing and signing of covenant not to sue
Huawei Date Jul 13, 2022
Nokia Date January 19, 2023
Information that are trade secrets, such as contract amounts, etc., are not stated herein.

B. Summary of R&D activities and expenditures
The Company is leading the global market by continuously developing creative and innovative products and industry-
leading technology through shifting its way of thinking and understanding customer demand. The Company is doing its
utmost to cement its position in the global IT industry and become a worldwide leader in industrial technology by creating
and securing next-generation technology.
As of December 31, 2023, the Company’s year-to-date R&D expenses were KRW 28,352.8 billion. Among this, KRW
28,339.7 billion was recognized as expenditures, excluding government subsidies and capitalized expenses.
(R&D expenses)
(KRW mil)
2023 2022 2021
Total R&D expenditures 28,352,769 24,929,171 22,596,487
(Government subsidies) -13,045 -9,973 -1,053
R&D expenditures 28,339,724 24,919,198 22,595,434
Capitalization of development
- - -193,708
Accounting expenses (intangible asset)
R&D costs (expenses) 28,339,724 24,919,198 22,401,726
R&D expenses/revenue ratio1) 10.9% 8.2% 8.1%
Consolidated basis.
1) Calculated using total R&D expenditures, which includes government subsidies.
C. R&D organization and operations

(Domestic)
The Company’s R&D organizations are systematically structured into three levels based on the timing of technological
commercialization. R&D teams of business units under each Division develop market-ready technologies with a 1–2 year
outlook, while research institutes under each Division, such as Samsung Research and semiconductor research centers, drive
development of promising technologies with a mid- to long-term outlook of 3–5 years. Also, Samsung Advanced Institute
of Technology (SAIT), our comprehensive research institute, pioneers the development of core technology as seeds for
future growth engines. SAIT operates at a company level and offers direction for R&D related to promising growth areas,
strengthens technological competitiveness for our main businesses, and performs R&D activities to establish a creative
R&D framework.
(Overseas)
The Company operates R&D organizations in the US (SRA), Ukraine (SRUKR), Russia (SRR), Japan (SRJ), China (SRC-
Beijing, SRC-Nanjing, SRC-Guangzhou, SRC-Shenzhen, SSCR), India (SRI-Bangalore and SRI-Delhi), Bangladesh
(SRBD), Israel (SIRC and SRIL), etc., to carry out research activities for product development and basic technological
research.

As of December 31, 2023.
☞ See 『1. Subsidiaries subject to consolidated financial statements (detailed)』 in 『XII. Appendix』 for more details about the
current status of the overseas R&D (companies).

D. R&D results
The Company’s key R&D results by organization in 2023 are as follows:
DX Division
Research project Details
Galaxy Foldable • Release of Galaxy Z Fold5
• Launch of Galaxy Z Flip5
Galaxy S23 • Launch of Galaxy S23 ㆍ S23+ㆍ S23 Ultra
Galaxy Tab • Release of Galaxy Tab S9 ㆍ S9+ㆍ S9 Ultra
Galaxy A • Rollout of A54 5G
• Release of A34 5G
• Release of A24 LTE
• Launch of A14 LTE ㆍ 5G
Galaxy Book • Rollout of Galaxy Book3 Ultra

• Rollout of Galaxy Book3 Pro 360
• Release of Galaxy Book3 Pro
• Launch of Galaxy Book3 360
Wearables • Release of Galaxy Watch6 and Galaxy Watch6 Classic

Neo QLED 8K • Release of mini LED-based UHD & Slim 8K TV
Neo QLED 4K • Release of mini LED-based TV with 3 series, featuring 6 different sizes
• Launch of ultra-efficient models that can save more energy than energy-grade 1 products can by optimizing efficiency
Refrigerator
of core components
Washing machine • Launch of Bespoke Grande AI “OneBody Top-Fit” washer/dryer
Vacuum cleaner • Release of Bespoke Jet AI 280W, a cordless stick vacuum with top-notch performance (in suction power, run time, etc.
categories)
RAN S/W Package • Deployment of 4th generation CPU-based vRAN for commercial network, an industry-first
DS Division
DRAM for mobile • Development of industry’s first LPCAMM
DRAM for server • Mass production of the industry’s most advanced 12nm-class DRAM
• Development of 32Gb DDR5 DRAM, currently the industry’s highest capacity
HBM • Unveiling of ultra-high-performance HBM3E DRAM Shinebolt
SSD • Mass production of PM9C1a, a high-performance PC SSD equipped with a 5nm controller
• Launch of ultra-high-speed portable SSD
• Launch of 8Tb portable SSD, the largest capacity in industry
Exynos • Standardization of 5G non-terrestrial networks (NTN) modem technology for smartphone-satellite communication
• Release of Exynos Connect U100, a chipset for near-field wireless communication
Image sensor • Rollout of ultra-high resolution 200MP image sensor (HP2, 0.6um/200Mp)
SDC
OLED • Development of ultra-high resolution OLED displays for VR
• Development of 14"/16" OLED displays for laptops
Please refer to 『Appendix-4. R&D results (detailed)』 for more details.

7. Other information
A. Intellectual property
Intellectual property activities are an integral part of our R&D strategies—SEC registered its first US patent in 1984 and
currently holds 244,731 patents around the world. The Company holds the highest number of its patents in the US and aims
to address conflicts in the US more effectively.
(Number of patents registered in each country)
[As of December 31, 2023] (Unit: No. of patents)

Korea US Europe China Japan Others Total
Number 57,661 93,327 44,759 23,639 8,930 16,415 244,731
In 2023, the Company invested KRW 28.4 trillion in R&D and registered 8,909 domestic and 8,952 US patents.
(Number of patent registrations per year)

(Unit: No. of patents)
2023 2022 2021
Korea 8,909 9,136 8,437
US 8,952 8,490 8,565
These patents are mostly related to smartphones, smart TVs, memory, and system LSI products for the Company’s strategic
business products or for future use. These patents not only protect the Company’s business but also play a role in keeping
similar technology and patents, as well as competitors, in check. Additionally, the Company is focusing on securing early
patents in new technologies ahead of others, in order to protect opportunities and have the freedom to operate when entering
new businesses.
The Company has licensing agreements with Google (signed in January 2014), Ericsson (May 2021), Qualcomm (July
2022), Huawei (July 2022), and Nokia (January 2023) through which the Company has secured an extensive patent
protection in mainstay businesses as well as in the fields of new business.
The Company has also been focusing on securing design patents to protect its original design applied to smartphones and
smart TVs. In 2023, the Company acquired 391 US design patents, in part for the aforementioned purposes.
B. Environmental regulations
The Company strictly abides by environmental regulations on products and in the workplace, as prescribed by law. In
addition, in accordance with “the low carbon green growth policy” of the Korean government, the Company reports “the
amount of greenhouse gas emission and energy use” to the government and provides related information to stakeholders by
providing various reports, including the Samsung Sustainability Report.
(Environmental regulation of products)
Environmental regulation of products are becoming stricter, reflecting the concerns of governments and regulators about
potential direct and indirect impact of products to consumers’ health and safety as consumers. Accordingly, the Company is
working to minimize the environmental impact throughout the entire life cycle of products from the development stage of
components and products to manufacturing, distribution, use, and disposal. The Company offers “Eco-Partner Certification”
to suppliers for components free of harmful substances, and runs an “eco-design evaluation” system to reflect eco-friendly
elements on products (reduced use of resources, energy and harmful substances, and the use of eco-friendly materials) at
the development stage, and operates a “waste electronics collection recycle system” in Europe, North America, Korea, and
India for collecting and recycling waste electronics. These activities are in line with domestic and foreign environmental
laws on electronics and are a differentiation factor for the Company and its products.
Relevant laws are as follows:
1. law on collection and· recycle of waste electronics (e.g., EU WEEE Directive)
2. limit on the use of harmful substances (e.g., EU RoHS Directive, REACH Regulation)
3. regulation on energy efficiency (e.g., EU ErP Directive)
(Environmental regulations in the workplace)

The Company operates environmental pollution prevention facilities to reduce air pollution, water pollution, and waste
disposal, and to minimize the discharge of pollutants, thereby minimizing impact on the surrounding environment.
Environmental management of workplace is supervised by the relevant government authorities. All production facilities,
domestic and overseas, have acquired the International Occupational Health and Safety Management System Certification
(ISO 14001, ISO 45001) to strengthen compliance.
Major relevant domestic and international laws are as follows:
1. Regulations related to emission of pollutants: Water Quality and Ecosystem Conservation Act, Clean Air
Conservation Act, Wastes Control Act, Noise and Vibration Control Act, Environmental Impact Assessment Act
2. Management of greenhouse gas emission: Act on Allocation and Trading of Greenhouse Gas Emission, Framework
Act on Carbon Neutrality and Green Growth for Coping with Climate Crisis
3. Others: Toxic Chemicals Control Act, Act on the Registration and Evaluation, etc. of Chemical Substances, Odor
Control Law, Soil Environment Conservation Act
(Greenhouse gas emission and energy consumption management)
According to Article 27 (Greenhouse Gas Target Control of Controlled Emitter) of the Framework Act on Carbon Neutrality
and Green Growth for Coping with Climate Crisis, the Company falls under the category of “controlled emitter,” which is
an entity designated for greenhouse gas target management. Therefore, in accordance with Article 27 (3) of the above
mentioned Act and Article 24 (Reporting and Verification of Amounts of Emissions) of the Act on the Allocation and Trading
of Greenhouse-gas Emission Permits, the Company’s greenhouse gas emissions and energy usage, verified by a third-party,
have been reported since May 2011 to the relevant authorities and opened to stakeholders. The reported amount of
greenhouse gas emission and energy use are provided below:
(Unit: tCO2-eq, TJ)

2023 2022 2021
Greenhouse gas (tCO2-eq) 17,656,953 19,285,537 19,267,835
Energy (TJ) 300,615 290,111 274,298
Consolidated basis; data for 2023 are projections
Domestic manufacturing facilities, office buildings, buildings owned by the Company, leased buildings, etc.
Reported Greenhouse gas emission excludes ozone depletion substances (ODS).
Amounts may differ based on results of governmental evaluations on emissions.

From 2015, in accordance with the Article 8 (Designation of Business Entities Eligible for Allocation) of the Act on the
Allocation and Trading of Greenhouse-Gas Emission Permits, the Company is an eligible business entity under the Act.
C. Current status of each division

[DX Division]
 Industry overview
1) TV Industry
TVs, key products of the DX Division, and the TV industry have experienced continual innovations targeting picture quality. The black-
and-white TV was first developed in 1926, and the color TV in 1954. Further developments in the industry led to the creation of products
such as flat panel TVs (LCD/PDP), Smart TVs, super-large TVs (QLED/OLED/Neo QLED), and Micro LED. TVs incorporate not only
various technologies—chip design, circuit development, image/signal processing, and AI picture quality improvement—but also
operating systems and various software to ensure smooth operation of platforms and applications. With the advancement of IoT
technology, TVs can control an increasing array of digital appliances, emphasizing the TV as a central screen hub more than ever before.
The TV industry is fiercely competing to achieve the highest picture quality by integrating technologies such as Micro LED, Neo QLED
and OLED. The TV market, previously dominated by models in the 55- to 65-inch range, is now fueled by ultra-large products of over
75 inches, which reach up to 98 inches in size.
Surpassing the previous 4K standard, 8K TVs are opening new markets, and TVs are now implementing technologies capable of
automatically upscaling HD and FHD to higher levels.
TVs are transforming into a futuristic digital appliance as the industry adopts AI technologies. Firms, working to incorporate AI
technologies into TVs, are adopting AI SoCs, optimizing picture and sound quality, and further strengthen the AI function that upscales
content from lower definitions. With such technologies, TVs are able to connect digital appliances and conduct real-time monitoring
while also offering new services such as maximizing energy efficiency providing an emergency alarm system.
Meanwhile, the way people perceive TV has changed dramatically following the COVID pandemic. Customers use their TVs to not
only watch movies, news, or other traditional content, but also to download and enjoy images of artwork that feature in museums
throughout the world. Moreover, using TVs for gaming, health-care, online meetings and education services, and other services is also
gaining positive feedback from users. We release Lifestyle product lines every year that emphasize design, mobility, and connectivity
to meet the evolving needs of customer who value individuality in this rapidly expanding niche market.
2) Mobile industry
The mobile phone industry started with first generation analogue devices in the early 1980s that only supported voice
communication and evolved to second generation, digital devices that used technology such as CDMA and GSM, where
users could send voice and text messages. Third generation mobile communication standards such as WCDMA allowed
users to send photos and videos.
Today, fourth generation LTE mobile communication technology with ultra-high speed data transmission is commonplace.
In early 2019, the fifth generation mobile communication service, known as 5G, was launched in Korea and the US and has
since been commercialized globally. The sales of 5G smartphones increased from 270 million units in 2020 to 730 million
units in 2023, and the spread of 5G communications has accelerated the ecosystem of 5G convergent services, including
AI, XR, and the autonomous vehicle and infrastructure industry. (TechInsights, February 2024)
The smartphone industry has grown significantly since 2007. In 2023, the smartphone portion of total HHP sales volume
was approximately 85%, and the feature phone portion of the total was approximately 15%, with the latter related to dema
nd in emerging markets (TechInsights, February 2024). For 2023, the penetration rate of smartphones is expected to have r
eached 53%, rising slightly from 52% in 2022 (TechInsights, December 2023).
Also, as the smartphone market shows high saturation, the importance of competitiveness of the overall experience based
on software for applications, UX, games, media, digital wallets, AI, security, etc., is rising alongside that of competitive
hardware, which includes high-performance APs, high-definition displays, foldable form factors, multiple cameras, sensors,
waterproof & dustproof features, biometric recognition, and more.
 Market condition
1) TV Industry
TV demand slightly decreased from 203.28 million units in 2022 to 201.35 million units in 2023 due to impacts from weak
consumer sentiment caused by global uncertainties. (Omdia, February 2024)
< Market share of TV >
Product 2023 2022 2021
TV 30.1% 29.7% 29.5%

Global market share in revenue; from Omdia
2) Mobile industry
The smartphone market is expected to increase from 1.15 billion units in 2023 to 1.18 billion units in 2024 due to
strengthened consumer sentiment backed by an economic recovery and increased demand for foldable phones. (TechInsights,
February 2024). The tablet market, which grew to 180 million units in 2021 backed by increased demand for on-line use
during COVID pandemic, decreased to 140 million units in 2023, weighed on by weak replacement demand. In 2024,
demand is expected to recover gradually with the arrival of the replacement cycle. (TechInsights, February 2024)
< Market share of Smartphone >
Product 2023 2022 2021
Smartphone 19.7% 21.7% 20.0%

Global market share in quantity; data from research firm TechInsights. (Figure for 1H23 is estimate from Strategy Analytics.)
TechInsights acquired Strategy Analytics
 Business condition
1) TV Industry
We have maintained the top position in the overall TV market for eighteen straight years since claiming the number one
spot in 2006.
In 2018, we released world’s first 8K TV in the global market, once again leading the premium segment in the TV industry.
Our QLED lineup includes sizes ranging from mid-sized to ultra-large screens, giving customers a variety of choices. In
addition, the significantly improved picture quality was well received by consumers and experts alike. We achieved solid
results by introducing ultra-large screens in the UHD lineup as well as in the QLED lineup.
Even during the global economic crisis that stemmed from pandemic in 2020, we expanded our market leadership with the
launches of QLED 4K/8K TVs and new models in our Lifestyle line, including The Terrace, The Premiere, and The Sero.
Also, we continued to expand our premium lineup by launching Neo QLED and OLED TVs featuring significantly upgraded
contrast and picture quality. We also created new markets through the sales of various products, including Lifestyle models
and sound bars. We have positioned the smart ecosystem as a new growth engine through collaborations with various
partners in areas such as TV plus, OTT, gaming, and home training.
Sustainability is a company-level focus, and we continue to work to increase the eco-friendliness throughout the entire
process of our products, from materials to packaging. We also offer support to emphasize visual and auditory accessibility
so that everybody can use our products more easily.
We will increase our market share by focusing on premium, flagship products, such as Neo QLED, Super Big TVs, and
OLED products; and for Lifestyle TVs, we will expand our lineups and improve product performance to continue to provide
our customers with products tailored to their specific needs. Furthermore, we will lead the AI screen era by integrating
various AI-related technologies into TVs; and we will enhance value in the daily lives of our customers through R&D for
innovative products and functions, such as transparent micro LED and AI upscaling.
2) Mobile industry
SEC has always been at the forefront of the smartphone market, and we led the global market in shipments for thirteen
consecutive years. (TechInsights, February 2024).
To solidify our status in the overall mobile market, we continue to bolster the competitiveness of our products, including
tablets, wearables (smart watches, wireless earphones, etc.), and accessories as well as our content and services businesses,
such as digital health and digital wallet.
For smartphones, we establish optimal portfolios for each region, accounting for varying market conditions and the
competitive environment, to offer a wide smartphone lineup ranging from mass-market to premium devices. We have been
providing premium smartphones and delivering differentiated user experiences that can meet customer needs via our cutting-
edge technology, which includes Dynamic AMOLED 2X (120Hz) displays, digital key and content sharing using UWB
(ultra wideband), water- and dust-proofing, high-speed cable and wireless charging, ultrasonic fingerprint-on-display (FoD),
cameras specialized for night mode and 8K video recording, and generative AI supported functions such as searches, real-
time interpretation/translation, automatic summarization, and photo editing.
In 2019, we secured early leadership in the 5G market with the release of the world’s first 5G smartphone while also creating
a new market with Galaxy Fold, enabled by foldable displays. In 2020, we launched Galaxy Z Flip, a vertically folding
smartphone. The Z Flip series, characterized by its iconic and youthful design, has played a significant role in boosting
preference for Galaxy products among woman and the younger generation. We continued enhancing unique foldable
experiences by leveraging our technology leadership and focusing usability centering on customer values. Thus, we
subsequently released the third and fourth generations of the Galaxy Z series, continuing to lead the foldable market.
Also, Galaxy Z Fold5 and Galaxy Z Flip5 are garnering favorable feedback backed by further enhanced completeness of
core user experiences with features such as multitasking and Flex Mode. With the Company’s ongoing commitment to
further popularize foldables, we continue to strive to achieve sales figures that surpass those of the Galaxy Note series.
In addition, we provide richer experiences for our smartphone users with Galaxy Ecosystem products, including tablets that
help boost productivity via virtual meetings, multitasking, and note-taking with large-screen display and S Pen; and
wearables such as smart watches that provide sophisticated fitness and wellness functions—thanks to the adoption of
innovative biosensor technologies—and wireless earphones that provide rich, clear sound.
Not content to dwell on our achievements in hardware, we have been focusing on delivering new and helpful services such
as Samsung Pay, Samsung Health, and Bixby. We are adding SmartThings features to a suite of products in addition to
smartphones, including TVs, refrigerators, air conditioners, etc., to deliver a multi-device experience that provides
customers with a consistent and smooth connectivity.
Moreover, we are strengthening strategic partnerships to expand our ecosystem and striving to diversify our revenue
structure by utilizing SmartThings, Bixby, and cloud, while also enhancing our service businesses based on our extensive
global installed base.
We continue to innovate eco-friendly technologies, including those aimed at expanding adoption of recycled materials in
our products. A prime example is the adoption of repurposed materials from discarded fishing nets for use in various
projects, starting from the Galaxy S22 series. For Galaxy Z Fold5 and Galaxy Z Flip5, we went beyond plastics and also
incorporated recycled glass and aluminum.
In addition, Samsung in May 2023 introduced a self-repair program, and we are expanding the program’s target models
and countries, adding to our efforts to preserve the environment by minimizing e-waste.
In 2024, we will lead the mobile market with our Galaxy S24 series, which can lower language barriers between people
and provide new mobile AI experiences with potential to boost productivity and creativity. We will continue to apply such
functions to our flagship models, including foldables.
We will continue to leverage our superior R&D capabilities to be fully prepared to keep delivering new value to
customers.
[DS Division]
In general, our Semiconductor business is divided into Memory (storage) and System LSI (logical processing). Memory
semiconductor is divided into RAM products (random access memory, ones that can be both written on and read) and ROM
products (read only memory).
RAM is called volatile memory as the information is deleted when the power is turned off. It is used for temporary loading
and storage of application programs. ROM is nonvolatile and holds memory even when power is removed; it is used in
input/output system, IC cards, and more.
For System LSI products, there are many categories for various applications. SoCs for mobile devices that are equipped
with CPUs, GPUs, ISPs (image signal processors), and modems are our major products. The Company manufactures mobile
APs for smartphones and tablets, and image sensors.
The Foundry Business makes customized semiconductors for fabless companies based on customer designs. The business
resembles OEMs in the traditional manufacturing industry in the sense that companies consign the manufacturing of their
products to fabrication plants, also called foundries or fabs. Many integrated device manufacturers have transitioned to
fabless players due to the advancement of semiconductor processing technologies and an increased investment burden.
Consequently, only a few companies (approximately five) with large capex dominate the overall foundry market.

Demand in the memory market improved as, along with rising memory deployment, customer inventory levels for finished
products like PC and mobile normalized and AI related investment increased. Inventory restocking also contributed to
demand amid increasing visibility that prices may have reached a bottom. To promote early normalization of our business,
we focused on high-value-added products and significantly increased sales of advanced interface products, such as HBM
(high bandwidth memory), DDR5, LPDDR5x, and UFS4.0. We also actively addressed demand linked with the recovery
trend in server, leading our bit growth to significantly exceed market expectations and inventory depletion of both DRAM
and NAND to accelerate. In particular, DRAM inventory levels improved greatly.
Most major Foundry players underperformed expectations due to the prolonged downturn stemming from a delayed
recovery of global market demand. In 2024, we expect the market to recover gradually, anticipating increased demand
driven by flagship smartphone releases and AI-related high-performance computing. For the medium to long term, we
expect stable mobile demand while a demand increase for high-performance automotive- and AI-use SoCs should add to
momentum.
< Market share of DRAM >
Product 2023 2022 2021

DRAM 42.2% 43.1% 43.0%
Global market share in revenue; data from research firm DRAMeXchange.
In the first half, the memory market experienced persistently weak demand due to inventory adjustments at customers,
which prompted suppliers to adjust production levels. In the second half, however, demand showed signs of improvement
in some applications due to the adjusted production output and widening awareness that prices may have found a bottom,
all amid still solid demand for high-capacity DDR5 and HBM. In the first quarter of 2024, demand for advanced products
such as HBM, DDR5/LPDDR5x, and UFS4.0 is expected to remain strong even under weak seasonality. With the supply
side showing limited output increases for advanced products, we expect customer demand to continue. Against this backdrop,
we will focus on preparing for demand for advanced products, with particular attention on addressing the demand for HBM
for generative AI and SSDs for servers to enhance profitability. Additionally, we will prioritize real demand amid constrained
supply in the industry.
In 2023, System LSI faced challenges from a delayed recovery in smartphone demand and inventory adjustments in the
mobile business. In the second half of the year, conditions improved somewhat, driven by component supply for MX’s
Galaxy and increased demand from OEMs in China. We addressed the situation by promptly developing new products with
on-device AI capabilities, strengthening collaborations with customers, and diversifying applications. Regarding SoCs, we
continued to expand our lineups and customer base by introducing new products for mobile integrating high-performance
IP with enhanced on-device AI and Game UX functions; and by developing products applying 3nm technology and by
delivering automotive-oriented solutions. Furthermore, we advanced next-generation technologies such as the
commercialization of standard satellite communication systems; and we ventured into new markets with connectivity
products. In image sensors, we maintained leadership in the high-value segment with our 200-megapixel product line,
focusing on differentiating performance of camera zoom functions. Moreover, we broadened the application of ultra-high-
resolution image sensors in smartphones while also preparing to diversify lineups targeting emerging areas such as
autonomous vehicles, XR devices, and robotics.
In Foundry, we have been striving to overcome the challenges of a stagnant market since the latter half of 2022. We are
implementing comprehensive measures across all facets of our operations to ensure readiness for a market recovery. For
advanced nodes, our focus remains on securing mid- to long-term demand by continuing to enhance our technological
competitiveness. We consistently review and prepare for capacity expansions to future demand in the mid to long term. For
mature nodes, we are concentrating on expanding our customer base and highly profitable applications via enhanced process
competitiveness. In particular, we provide customer-tailored design infrastructure, and we are diversifying our portfolios
into emerging sectors such as high-performance computing, automotive, 5G and IoT. Furthermore, we collaborate with
customers to develop and deliver products utilizing specialty processes. And even though the market is showing signs of a
modest recovery, we are committed to reinforcing our competitiveness and promoting closer collaborations with our
customers, aiming to fortify our industry position while laying the groundwork for future growth.
[SDC]
Display refers to screens in electronic devices. Active matrix technology is most commonly used in displays, including
OLED (organic light emitting diode), QD-OLED (quantum dot organic light emitting diode), and TFT-LCD (thin film
transistor liquid crystal display).
OLED panels use organic materials, which offer sharp contrast and color, high color gamut, and fast response rates. Such
differentiating features provide advantages for use in smartphones where display features (multimedia contents, online
experience, etc.) are important, and as a result, OLED adoption in the smartphone market is growing rapidly.
The market had raised concerns over the production of high-resolution, durable panels, but we overcame various
technological challenges and advanced the business. OLED panels make up for the shortcomings of LCD panels, and they
can be increasingly adopted into variable applications in foldables, IT (tablet/notebook PCs), automotives, etc. The OLED
market is forecast to keep growing. QD-OLED, a self-emissive display with quantum dots (semiconductor particles a few
nanometers in size) in the panel to maximize color gamut and viewing angle, is capturing attention under expectations that
it will lead the premium TV and monitor markets.
The market for smartphone display panels is recovered somewhat to 1.44 billion units in 2023 from 1.38 billion units in
2022. For smartphone-use OLED panels, the market is grown to 0.61 billion units in 2023 from 0.57 billion units in 2022,
and the OLED portion of smartphone panels in 2023 is increased to 42.7% from 41.6% in 2022 (Omdia, December 2023).
The market for large display panels was 0.9 billion units in 2022, and it is decreased to 0.8 billion in 2023 again (Omdia,
December 2023).
< Market share of smartphone panel >

Product 2023 2022 2021
Smartphone panels 50.7% 56.7% 51.4%
Global market share in revenue from research firm Omdia.
The Company has continued to stay atop the mobile OLED market in terms of market share since it successfully
commercialized OLED products in 2007, marking a world’s first. We diversified our product group to include displays for
foldable products, tablets, watches, laptops, and automotive applications, solidifying our position as the top player in the
OLED display market.
With both flexible and rigid OLED, our optimal smartphone product portfolio ranges from mass-market to premium devices
as we proactively address customers’ specific needs; and we are recognized as having best-in-class technology through our
introduction of foldable and IT(tablet/Note PC) products with differentiated technologies and designs.
In 2023, the display market encountered delays in an overall demand recovery amid the ongoing global economic downturn,
while the smartphone market showed polarization between mid-range-and-below and high-end markets. For Samsung, we
delivered robust results by concentrating on premium OLED products tailored for the high-end segment, from which
demand was relatively strong. Furthermore, we are diversifying our mobile panel business—which concentrates on
smartphones—by ramping up investment in 8.6G IT OLED lines in order to expand into IT, gaming, and auto products and
further solidify our business leadership.
In the large panel business, we increased the proportion of monitor products while strengthening fundamentals in areas such
as yield improvement and cost reduction, which helped enhance the competitiveness of the business.
[Harman]
Harman competes in the automotive and lifestyle audio industries. The automotive component business accounts for the
largest portion of Harman’s business, and it operates business in areas such as digital cockpits, car audio, and telematics.
Consumer view vehicles not only as a mode of transportation, but as an opportunity to enjoy in-cabin experiences. To meet
such needs, automotive manufactures are using Harman’s components (e.g. digital cockpits, car audio) to offer more
convenient and personally-tailored experiences, focusing on service differentiation.
With the shift towards software-defined vehicles, led by IT transformation of cars, manufacturers are exploring various
opportunities by adopting centralized architectures and strengthening software functionalities. This should spark rapid
technological changes in automotive components, and as a result, intensifying competition among component suppliers.
The Lifestyle audio business has two segments: consumer audio and professional audio solutions. Consumer audio products
(e.g., true wireless stereo, portable speakers, headphones) were formerly confined to audio playback devices, but thanks to
the recent adoption of wireless technologies and integration of artificial intelligence, they are transforming into technology-
centric IT devices. Such changes have prompted IT companies to enter the consumer audio market, which is dominated by
traditional audio-focused firms.
The consumer audio market is projected to see significant growth in the segments like TWS headphones, Wi-Fi home
speakers, and gaming speakers. In particular, the TWS market, in which mobile manufacturers hold a significant market
share, is likely to show the fastest growth rate.
The professional audio solution industry (commercial audio, audio for large venues, etc., special lighting, video control
solutions, etc.), is segmented by product and has seen the entrance of numerous companies offering a wide range of products
and applications.
In addition to persistent challenges stemming from supply chain instability for raw materials from both China and the US,
strikes in the automobile industry have added further pressure on the North American automotive market. Moreover,
uncertainties have persisted in the global macro environment as central banks implement additional tightening policies to
restrain inflation.
Considering such factors, global automobile production in 2024 is forecast to stay similar year-on-year (S&P Global Light
Vehicle Production Forecast, December 2023).
< Market share of digital cockpit >
Product 2023 2022 2021
Digital cockpits 16.5% 17.9% 15.0%
Digital cockpits refer to the digital automotive component which enables safe driving environment via infotainment system, etc.
Figures based on the global market share data (by value) from TechInsights
Figures for 2021 and 2022 were recalculated to reflect changes from unit-based to value-based, highlighting the digital cockpit’s significant value-
added representation
Harman is positioned to stay at the forefront in digital cockpits and car audio markets, which are key markets for in-cabin
experiences in automotive component industry. To fortify Harman’s position, we will continue to actively address the
ongoing IT transformation in vehicles by integrating our technologies, including wireless communication and display, into
Harman’s automotive business. Amid the shift toward software-defined vehicles, Harman remains committed to elevating
customer in-cabin experiences by consistently pursuing the development of distinctive, innovative technologies.
The same factors that Harman relies on within the automotive market will also be used in the consumer audio and
professional audio solution market. Having won three Grammy Awards and two Academy Awards, Harman’s brands have
earned a strong reputation amongst everyday consumers and audiophiles alike. New offerings in up-and-coming segments
such as connected wireless and smart audio continue to help bring in new consumers and further enhance brand reputation.
Furthermore, Harman has kept advancing its Digital Transformation Solutions (DTS) business. DTS focuses on software
solution development, system integration, and maintenance services for corporate customers to enhance their
competitiveness.

D. Financial summary, by organization
In 2023 by organization, DX accounted for 65.7% of revenue with reported revenue of KRW 169,992.3 billion; DS
contributed approximately 25.7% with revenue of KRW 66,594.5 billion; SDC was responsible for 12.0% with revenue of
KRW 30,975.4 billion; and Harman contributed 5.6% with revenue of KRW 14,338.5 billion.
In 2023, DX accounted for an operating profit of KRW 14,384.7 billion; DS with KRW -14,879.5 billion; SDC with KRW
5,566.5 billion; and Harman with KRW 1,173.7 billion.
(KRW 100 mil)
2023 2022 2021
Organization Classification Portion of Portion of Portion of
Amount corresponding Amount corresponding Amount corresponding
total total total
Revenue 1,699,923 65.7% 1,824,897 60.4% 1,662,594 59.5%
Operating
DX Division 143,847 219.0% 127,461 29.4% 173,866 33.7%
profit
Total assets 2,342,534 37.2% 2,279,669 38.6% 2,479,832 42.0%
Revenue 665,945 25.7% 984,553 32.6% 953,872 34.1%
Operating
DS Division -148,795 -226.6% 238,158 54.9% 291,920 56.5%
profit
Total assets 2,871,411 45.6% 2,620,558 44.3% 2,258,223 38.3%
Revenue 309,754 12.0% 343,826 11.4% 317,125 11.3%
Operating
SDC 55,665 84.8% 59,530 13.7% 44,574 8.6%
profit
Total assets 792,752 12.6% 737,798 12.5% 668,836 11.3%
Revenue 143,885 5.6% 132,137 4.4% 100,399 3.6%
Operating
Harman 11,737 17.9% 8,805 2.0% 5,991 1.2%
profit
Total assets 179,566 2.9% 171,023 2.9% 158,874 2.7%
Figures for 2021 were adjusted to reflect the organizational changes in December 2021.
 Reasonable allocation of common SG&A (selling general & administrative) expenses and assets
(1) For common SG&A expenses, specific expenses that are allocable to a specific product/model are allocated to Divisions
that are responsible for such product/model. However, common expenses that cannot be attributed to a specific
product/model category are reasonably allocated throughout the Company based on an allocation standard (expense-to-
revenue ratio, number of personnel, etc.).
(2) For common assets, assets that can be directly allocated (inventory assets, fixed assets, investment assets, etc.) are
allocated to the corresponding organizational unit. Assets that are commonly managed and cannot be directly allocated are
allocated to each Division based on an allocation standard (expense-to-revenue ratio, pre-tax profit, etc.)

III. Financial Affairs
1. Abridged Financial statements
A. Abridged Consolidated financial statements
(KRW mil)
Classification 55th 54th 53rd
December 31, 2023 December 31, 2022 December 31, 2021
Current assets 195,936,557 218,470,581 218,163,185
- Cash and cash equivalents 69,080,893 49,680,710 39,031,415
- Short-term financial instruments 22,690,924 65,102,886 81,708,986
- Other current financial assets 635,393 443,690 3,409,791
- Trade receivables 36,647,393 35,721,563 40,713,415
- Inventories 51,625,874 52,187,866 41,384,404
- Others 15,256,080 15,333,866 11,915,174
Non-current assets 259,969,423 229,953,926 208,457,973
- Other non-current financial assets 8,912,691 12,802,480 15,491,183
- Investment in associates and joint ventures 11,767,444 10,893,869 8,932,251
- Property, plant, and equipment 187,256,262 168,045,388 149,928,539
- Intangible assets 22,741,862 20,217,754 20,236,244
- Others 29,291,164 17,994,435 13,869,756
Total assets 455,905,980 448,424,507 426,621,158
Current liabilities 75,719,452 78,344,852 88,117,133
Non-current liabilities 16,508,663 15,330,051 33,604,094
Total liabilities 92,228,115 93,674,903 121,721,227
Equity attributable to owners of the parent company 353,233,775 345,186,142 296,237,697
- Capital stock 897,514 897,514 897,514
- Share premium 4,403,893 4,403,893 4,403,893
- Retained earnings 346,652,238 337,946,407 293,064,763
- Others 1,280,130 1,938,328 -2,128,473
Non-controlling interests 10,444,090 9,563,462 8,662,234
Total Equity 363,677,865 354,749,604 304,899,931
Jan–Dec 2023 Jan–Dec 2022 Jan–Dec 2021
Revenue 258,935,494 302,231,360 279,604,799
Operating profit 6,566,976 43,376,630 51,633,856
Profit for the period 15,487,100 55,654,077 39,907,450
- Owners of the parent company 14,473,401 54,730,018 39,243,791
- Non-controlling interests 1,013,699 924,059 663,659
Basic earnings per share (KRW) 2,131 8,057 5,777
Diluted earnings per share (KRW) 2,131 8,057 5,777
Number of companies subject to consolidation
233 233 229
accounting
Data shown in conformity with K-IFRS.
Please refer to the footnotes of the 53rd–55th Consolidated Audit Report for the calculation of basic earnings per share (ordinary shares).
B. Abridged Separate financial statements
(KRW mil)
Classification 2023 54th 53rd
December 31, 2023 December 31, 2022 December 31, 2021
Current assets 68,548,442 59,062,658 73,553,416
- Cash and cash equivalents 6,061,451 3,921,593 3,918,872
- Short-term financial instruments 50,071 137 15,000,576
- Trade receivables 27,363,016 20,503,223 33,088,247
- Inventories 29,338,151 27,990,007 15,973,053
- Others 5,735,753 6,647,698 5,572,668
Non-current assets 228,308,847 201,021,092 177,558,768
- Other non-current financial assets 1,854,503 1,364,608 1,664,667
- Subsidiary, associate, and joint venture investments 57,392,438 57,397,249 56,225,599
- Property, plant and equipment 140,579,161 123,266,986 103,667,025
- Intangible assets 10,440,211 8,561,424 8,657,456
- Others 18,042,533 10,430,825 7,344,021
Total assets 296,857,289 260,083,750 251,112,184
Current liabilities 41,775,101 46,086,047 53,067,303
Non-current liabilities 30,294,414 4,581,512 4,851,149
Total liabilities 72,069,515 50,667,559 57,918,452
- Capital stock 897,514 897,514 897,514
- Share premium 4,403,893 4,403,893 4,403,893
- Retained earnings 219,963,351 204,388,016 188,774,335
- Others -476,984 -273,232 -882,010
Total Equity 224,787,774 209,416,191 193,193,732
Evaluation method of subsidiary, associate, and joint
Cost methods Cost methods Cost methods
venture investment securities
Jan–Dec 2023 Jan–Dec 2022 Jan–Dec 2021
Revenue 170,374,090 211,867,483 199,744,705
Operating profit -11,526,297 25,319,329 31,993,162
Profit for the period 25,397,099 25,418,778 30,970,954
Basic earnings per share (KRW) 3,739 3,742 4,559
Diluted earnings per share (KRW) 3,739 3,742 4,559
Data shown in conformity with K-IFRS.
Please refer to the footnotes of the 53rd–55th Consolidated Audit Report for the calculation of basic earnings per share (ordinary shares).

2. Consolidated Financial Statements
A. Consolidated Statements of Financial Position
(In millions of Korean won, in thousands of US dollars (Note 2.18))
December 31, December 31, December 31, December 31,

Notes 2023 2022 2023 2022
KRW KRW USD USD
Assets
Current assets
Cash and cash equivalents 4, 28 69,080,893 49,680,710 52,890,158 38,036,865
Short-term financial instruments 4, 28 22,690,924 65,102,886 17,372,771 49,844,491
Short-term financial assets at amortized cost 4, 28 608,281 414,610 465,716 317,436
Short-term financial assets at fair value
through profit or loss 4, 6, 28 27,112 29,080 20,758 22,264
Trade receivables 4, 5, 7, 28 36,647,393 35,721,563 28,058,213 27,349,373
Non-trade receivables 4, 7, 28 6,633,248 6,149,209 5,078,590 4,707,997
Prepaid expenses 3,366,130 2,867,823 2,577,198 2,195,681
Inventories 8 51,625,874 52,187,866 39,526,134 39,956,410
Other current assets 4, 28 5,038,838 6,316,834 3,857,868 4,836,335
Assets held-for-sale 33 217,864 - 166,802 -
195,936,557 218,470,581 150,014,208 167,266,852
Non-current assets
Financial assets at fair value
through other comprehensive income 4, 6, 28 7,481,297 11,397,012 5,727,879 8,725,854
through profit or loss 4, 6, 28 1,431,394 1,405,468 1,095,913 1,076,063
Investments in associates and joint ventures 9 11,767,444 10,893,869 9,009,466 8,340,634
Property, plant and equipment 10 187,256,262 168,045,388 143,368,344 128,659,991
Intangible assets 11 22,741,862 20,217,754 17,411,771 15,479,247
Net defined benefit assets 14 4,905,219 5,851,972 3,755,565 4,480,424
Deferred income tax assets 25 10,211,797 5,101,318 7,818,422 3,905,704
Other non-current assets 4, 7, 28 14,174,148 7,041,145 10,852,104 5,390,887
259,969,423 229,953,926 199,039,464 176,058,804
Total assets 455,905,980 448,424,507 349,053,672 343,325,656

Notes 2023 2022 2023 2022
KRW KRW USD USD
Liabilities and Equity
Current liabilities
Trade payables 4, 28 11,319,824 10,644,686 8,666,757 8,149,853
Short-term borrowings 4, 5, 12, 28 7,114,601 5,147,315 5,447,127 3,940,920
Other payables 4, 28 15,324,119 17,592,366 11,732,551 13,469,180
Advances received 17 1,492,602 1,314,934 1,142,776 1,006,748
Withholdings 4, 28 892,441 1,298,244 683,276 993,970
Accrued expenses 4, 17, 28 26,013,273 29,211,487 19,916,449 22,365,087
Current income tax liabilities 3,358,715 4,250,397 2,571,521 3,254,216
Current portion of long-term liabilities 4, 12, 13, 28 1,308,875 1,089,162 1,002,109 833,891
Provisions 15 6,524,876 5,844,907 4,995,618 4,475,015
Other current liabilities 4, 17, 28 2,308,472 1,951,354 1,767,427 1,494,008
Liabilities held-for-sale 33 61,654 - 47,204 -
75,719,452 78,344,852 57,972,815 59,982,888
Non-current liabilities
Debentures 4, 13, 28 537,618 536,093 411,615 410,447
Long-term borrowings 4, 12, 28 3,724,850 3,560,672 2,851,844 2,726,145
Long-term other payables 4, 28 5,488,283 2,753,305 4,201,975 2,108,003
Net defined benefit liabilities 14 456,557 268,370 349,552 205,471
Deferred income tax liabilities 25 620,549 5,111,332 475,109 3,913,371
Long-term provisions 15 2,878,450 1,928,518 2,203,817 1,476,524
Other non-current liabilities 4, 17, 28 2,802,356 1,171,761 2,145,558 897,132
16,508,663 15,330,051 12,639,470 11,737,093
Total liabilities 92,228,115 93,674,903 70,612,285 71,719,981

Notes 2023 2022 2023 2022
KRW KRW USD USD
Equity attributable to owners of the parent company
Preference shares 18 119,467 119,467 91,467 91,467
Ordinary shares 18 778,047 778,047 595,693 595,693
Share premium 4,403,893 4,403,893 3,371,737 3,371,737
Retained earnings 19 346,652,238 337,946,407 265,406,117 258,740,703
Other components of equity 20, 33 1,280,130 1,938,328 980,102 1,484,036
353,233,775 345,186,142 270,445,116 264,283,636
Non-controlling interests 31 10,444,090 9,563,462 7,996,271 7,322,039
Total equity 363,677,865 354,749,604 278,441,387 271,605,675
Total liabilities and equity 455,905,980 448,424,507 349,053,672 343,325,656

B. Consolidated Statements of Profit or Loss
For the years ended December 31,

Notes 2023 2022 2023 2022
KRW KRW USD USD
Revenue 29 258,935,494 302,231,360 198,247,859 231,396,319

Cost of sales 21 180,388,580 190,041,770 138,110,266 145,501,003
Gross profit 78,546,914 112,189,590 60,137,593 85,895,316
Selling and administrative expenses 21, 22 71,979,938 68,812,960 55,109,743 52,685,021
Operating profit 29 6,566,976 43,376,630 5,027,850 33,210,295
Other non-operating income 23 1,180,448 1,962,071 903,782 1,502,213
Other non-operating expense 23 1,083,327 1,790,176 829,424 1,370,606
Share of net profit of associates and joint ventures 9 887,550 1,090,643 679,532 835,025
Financial income 24 16,100,148 20,828,995 12,326,699 15,947,229
Financial expense 24 12,645,530 19,027,689 9,681,752 14,568,101
Profit before income tax 11,006,265 46,440,474 8,426,687 35,556,055
Income tax benefit 25 (4,480,835) (9,213,603) (3,430,646) (7,054,178)
Profit for the year 15,487,100 55,654,077 11,857,333 42,610,233
Profit attributable to
Owners of the parent company 14,473,401 54,730,018 11,081,218 41,902,749
Non-controlling interests 1,013,699 924,059 776,115 707,484
Earnings per share
(in Korean won, in US dollars) 26
- Basic 2,131 8,057 1.63 6.17
- Diluted 2,131 8,057 1.63 6.17

C. Consolidated Statements of Comprehensive Income

Notes 2023 2022 2023 2022
KRW KRW USD USD

Other comprehensive income
Items that will not be reclassified subsequently to
profit or loss:
Gain (loss) on valuation of financial assets at fair
value through other comprehensive income, net 6, 20 1,481,091 (1,969,498) 1,133,962 (1,507,900)
of tax
Share of other comprehensive income (loss) of
9, 20 13,150 (6,318) 10,068 (4,837)
associates and joint ventures, net of tax
Remeasurement of net defined benefit liabilities
14, 20 (828,298) 1,153,679 (634,167) 883,287
(assets), net of tax
Items that may be reclassified subsequently to
profit or loss:
Share of other comprehensive income (loss) of
9, 20 61,962 (44,192) 47,440 (33,835)
associates and joint ventures, net of tax
Foreign currency translation differences for
20 2,621,479 4,884,886 2,007,074 3,739,998
foreign operations, net of tax
Gain (loss) on valuation of cash flow hedge
20 927 (12,893) 710 (9,871)
derivatives
Other comprehensive income for the year, net of
3,350,311 4,005,664 2,565,087 3,066,842
tax
Total comprehensive income for the year 18,837,411 59,659,741 14,422,420 45,677,075
Comprehensive income attributable to:
Owners of the parent company 17,845,661 58,745,107 13,663,110 44,976,807
Non-controlling interests 991,750 914,634 759,310 700,268

D. Consolidated Statements of Changes in Equtiy
(In millions of Korean won)
Equity
attributable
Other to owners of Non-
Preference Ordinary Share Retained components the parent controlling
For the year ended December 31, 2022 Notes shares shares premium earnings of equity company interests Total
Balance as of January 1, 2022 119,467 778,047 4,403,893 293,064,763 (2,128,473) 296,237,697 8,662,234 304,899,931
Profit for the year - - - 54,730,018 - 54,730,018 924,059 55,654,077
Loss on valuation of financial assets at fair
value through other comprehensive 6, 20 - - - (38,937) (1,867,530) (1,906,467) (63,031) (1,969,498)
income, net of tax
Share of other comprehensive income (loss)
9, 20 - - - - (51,848) (51,848) 1,338 (50,510)
of associates and joint ventures, net of tax
20 - - - - 4,863,930 4,863,930 20,956 4,884,886
foreign operations translation, net of tax
Remeasurement of net defined benefit
14, 20
liabilities, net of tax - - - - 1,122,367 1,122,367 31,312 1,153,679
Loss on valuation of cash flow hedge
20 - - - - (12,893) (12,893) - (12,893)
derivatives
Total comprehensive income for the year - - - 54,691,081 4,054,026 58,745,107 914,634 59,659,741
Dividends declared 19 - - - (9,809,437) - (9,809,437) (5,523) (9,814,960)
Capital transaction under common control - - - - - - (176) (176)
Changes in consolidated entities - - - - - - 124 124
Other - - - - 12,775 12,775 (7,831) 4,944
Total transactions with owners - - - (9,809,437) 12,775 (9,796,662) (13,406) (9,810,068)
Balance as of December 31, 2022 119,467 778,047 4,403,893 337,946,407 1,938,328 345,186,142 9,563,462 354,749,604
(In thousands of US dollars (Note 2.18))

Equity
attributable
Preference Ordinary Share Retained components the parent controlling
For the year ended December 31, 2022 Notes shares shares premium earnings of equity company interests Total
Balance as of January 1, 2022 91,467 595,693 3,371,737 224,378,130 (1,629,615) 226,807,412 6,632,035 233,439,447
Loss on valuation of financial assets at fair
value through other comprehensive income, 6, 20 - - - (29,812) (1,429,830) (1,459,642) (48,258) (1,507,900)
net of tax
Share of other comprehensive income (loss)
9, 20 - - - - (39,696) (39,696) 1,024 (38,672)
of associates and joint ventures, net of tax
20 - - - - 3,723,953 3,723,953 16,045 3,739,998
foreign operations, net of tax
Remeasurement of net defined benefit 14,
- - - - 859,314 859,314 23,973 883,287
liabilities, net of tax 20
Loss on valuation of cash flow hedge
20 - - - - (9,871) (9,871) - (9,871)
derivatives
Total comprehensive income for the year - - - 41,872,937 3,103,870 44,976,807 700,268 45,677,075
Capital transaction under common control - - - - - - (135) (135)
Other - - - - 9,781 9,781 (5,995) 3,786

Equity
attributable
For the year ended December 31, Preference Ordinary Share Retained components the parent controlling
2023 Notes shares shares premium earnings of equity company interests Total
Balance as of January 1, 2023 119,467 778,047 4,403,893 337,946,407 1,938,328 345,186,142 9,563,462 354,749,604
Profit for the year - - - 14,473,401 - 14,473,401 1,013,699 15,487,100
Gain (loss) on valuation of financial
assets at fair value through other 6, 20 - - - 4,041,867 (2,554,690) 1,487,177 (6,086) 1,481,091
comprehensive income, net of tax
Share of other comprehensive income
of associates and joint ventures, net 9, 20 - - - - 70,157 70,157 4,955 75,112
of tax
Foreign currency translation
differences for foreign operations, 20 - - - - 2,611,915 2,611,915 9,564 2,621,479
net of tax
Remeasurement of net defined benefit 14,
- - - - (797,916) (797,916) (30,382) (828,298)
assets, net of tax 20
Gain on valuation of cash flow hedge
20 - - - - 927 927 - 927
derivatives
Total comprehensive income for the
- - - 18,515,268 (669,607) 17,845,661 991,750 18,837,411
year
Capital transactions under common
- - - - - - (9,368) (9,368)
control
Others - - - - 11,409 11,409 - 11,409

Equity
attributable
For the year ended December Preference Ordinary Share Retained components the parent controlling
31, 2023 Notes shares shares premium earnings of equity company interests Total
Balance as of January 1, 2023 91,467 595,693 3,371,737 258,740,703 1,484,036 264,283,636 7,322,039 271,605,675
Gain (loss) on valuation of
financial assets at fair value
6, 20 - - - 3,094,560 (1,955,938) 1,138,622 (4,660) 1,133,962
through other comprehensive
income, net of tax
Share of other comprehensive
income of associates and joint 9, 20 - - - - 53,714 53,714 3,794 57,508
ventures, net of tax
Foreign currency translation
differences for foreign 20 - - - - 1,999,752 1,999,752 7,322 2,007,074
operations, net of tax
Remeasurement of net defined
14, 20 - - - - (610,906) (610,906) (23,261) (634,167)
benefit assets, net of tax
Gain on valuation of cash flow
20 - - - - 710 710 - 710
hedge derivatives
Total comprehensive income for
- - - 14,175,778 (512,668) 13,663,110 759,310 14,422,420
the year
Capital transactions under
- - - - - - (7,172) (7,172)
common control
Others - - - - 8,734 8,734 - 8,734
Balance as of December 31,
91,467 595,693 3,371,737 265,406,117 980,102 270,445,116 7,996,271 278,441,387
2023

E. Consolidated Statements of Cash Flows

Notes 2023 2022 2023 2022
KRW KRW USD USD
Operating activities
Adjustments 27 36,519,534 33,073,439 27,960,321 25,321,899
Changes in assets and liabilities arising
from operating activities 27 (5,458,745) (16,998,948) (4,179,359) (13,014,844)
Cash generated from operations 46,547,889 71,728,568 35,638,295 54,917,288
Interest received 4,786,010 2,136,795 3,664,296 1,635,987
Interest paid (844,691) (714,543) (646,718) (547,073)
Dividends received 269,169 529,421 206,083 405,339
Income tax paid (6,620,950) (11,498,895) (5,069,175) (8,803,859)
Net cash from operating activities 44,137,427 62,181,346 33,792,781 47,607,682
Investing activities
Net decrease in short-term financial instruments 39,421,565 15,214,321 30,182,192 11,648,486
Net decrease (increase) in short-term financial
assets at amortized cost (195,616) 3,050,104 (149,769) 2,335,240
Net decrease in short-term financial assets at
fair value through profit or loss 2,718 11,677 2,081 8,940
Disposal of long-term financial instruments 4,565,426 8,272,909 3,495,411 6,333,958
Acquisition of long-term financial instruments (5,307,770) (4,393,754) (4,063,769) (3,363,974)
Disposal of financial assets at fair value
through other comprehensive income 6,521,568 496,090 4,993,085 379,820
Acquisition of financial assets at fair value
through other comprehensive income (124,488) (37,687) (95,311) (28,854)
Disposal of financial assets at fair value through profit
63,962 166,315 48,971 127,335
or loss
through profit or loss (130,459) (158,244) (99,883) (121,156)
Disposal of investment in associates and joint
33,457 13,233 25,616 10,132
ventures
Acquisition of investment in associates and joint
(78,690) (907,958) (60,247) (695,157)
ventures
Disposal of property, plant and equipment 98,341 217,878 75,292 166,813
Acquisition of property, plant and equipment (57,611,292) (49,430,428) (44,108,728) (37,845,242)
Disposal of intangible assets 11,744 23,462 8,992 17,963
Acquisition of intangible assets (2,922,875) (3,696,304) (2,237,830) (2,829,988)
Cash outflow from business combinations (356,511) (31,383) (272,954) (24,028)
Cash outflow from other investing activities (913,897) (413,035) (699,705) (316,230)
Net cash used in investing activities (16,922,817) (31,602,804) (12,956,556) (24,195,942)
Notes 2023 2022 2023 2022
KRW KRW USD USD
Financing activities
Net increase (decrease) in short-term borrowings 27 2,145,400 (8,339,149) 1,642,575 (6,384,673)
Increase in long-term borrowings 27 354,712 271,997 271,577 208,248
Repayment of debentures and long-term borrowings 27 (1,219,579) (1,508,465) (933,742) (1,154,921)
Dividends paid (9,864,474) (9,814,426) (7,552,502) (7,514,184)
Net decrease in non-controlling interests (9,118) (6) (6,981) (4)
Net cash used in financing activities (8,593,059) (19,390,049) (6,579,073) (14,845,534)
Reclassification to assets held-for-sale 33 (14,153) - (10,836) -

Effect of foreign exchange rate changes 792,785 (539,198) 606,977 (412,822)
Net increase in cash and cash equivalents 19,400,183 10,649,295 14,853,293 8,153,384
Cash and cash equivalents

Beginning of the year 49,680,710 39,031,415 38,036,865 29,883,483
End of the year 69,080,893 49,680,710 52,890,158 38,036,867

3. Notes to the Consolidated Financial Statements
A. Consolidated Statements of Financial Position
1. General Information
1.1 Company Overview
Samsung Electronics Co., Ltd. (“SEC”) was incorporated under the laws of the Republic of Korea in 1969 and listed its shares on the
Korea Stock Exchange in 1975. SEC and its subsidiaries (collectively referred to as the “Company”) operate four business divisions:
DX, DS, SDC and Harman. DX (Device eXperience) division comprises businesses for digital televisions, refrigerators, smartphones
and communication systems. DS (Device Solutions) division comprises businesses for memory, foundry, and system Large Scale
Integration (LSI). SDC includes display panels products. Harman division includes connected car systems, audio and visual products,
enterprise automation solutions and connected services. SEC is domiciled in the Republic of Korea and is located in Suwon, the
Republic of Korea.
These consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards
(“Korean IFRS”) 1110, Consolidated Financial Statements. SEC, as the controlling company, consolidates its 232 subsidiaries,
including Samsung Display and Samsung Electronics America. The Company also applies the equity method of accounting for its 37
associates and joint ventures, including Samsung Electro-Mechanics Co., Ltd.

1.2 Consolidated Subsidiaries
The consolidated subsidiaries as of December 31, 2023 are as follows:

Percentage of ow
Region Subsidiaries Business
nership (%)(*)
Samsung Electronics America, Inc. (SEA) Sale of electronic devices 100.0
Samsung International, Inc. (SII) Manufacture of electronic devices 100.0
Samsung Mexicana S.A. de C.V (SAMEX) Manufacture of electronic devices 100.0
Samsung Electronics Home Appliances America, LLC (SEHA) Manufacture of home appliances 100.0
Samsung Research America, Inc. (SRA) R&D 100.0
Samsung Next LLC (SNX) Management of overseas subsidiaries 100.0
Samsung Next Fund LLC (SNXF) Venture capital investment fund 100.0
NeuroLogica Corp. Manufacture and sale of medical equipment 100.0
Samsung HVAC America, LLC Sale of air conditioning products 100.0
Joyent, Inc. Cloud services 100.0
SmartThings, Inc. Sale of smart home electronics 100.0
TeleWorld Solutions, Inc. (TWS) Installation of network devices 100.0
Samsung Semiconductor, Inc. (SSI) Sale of semiconductor and display panels 100.0
Samsung Federal, Inc. (SFI) R&D 100.0
Samsung Austin Semiconductor LLC. (SAS) Manufacture of semiconductors 100.0
Samsung Oak Holdings, Inc. (SHI) Management of overseas subsidiaries 100.0
SEMES America, Inc. Semiconductor equipment maintenance 100.0
Samsung Display America Holdings, Inc. (SDAH) Management of overseas subsidiaries 100.0
Development and manufacture of display pan
eMagin Corporation 100.0
els
America Samsung Electronics Canada, Inc. (SECA) Sale of electronic devices 100.0
AdGear Technologies Inc. Digital advertising platforms 100.0
Samsung Eletronica da Amazonia Ltda. (SEDA) Manufacture and sale of electronic devices 100.0
Samsung Electronics Mexico S.A. De C.V. (SEM) Sale of electronic devices 100.0
Samsung Electronics DigitalAppliance Mexico, SAde CV(SEDAM) Manufacture of home appliances 100.0
Samsung Electronics Latinoamerica(Zona Libre), S. A. (SELA) Sale of electronic devices 100.0
Samsung Electronics Latinoamerica Miami, Inc. (SEMI) Sale of electronic devices 100.0
Samsung Electronica Colombia S.A. (SAMCOL) Sale of electronic devices 100.0
Samsung Electronics Argentina S.A. (SEASA) Marketing and related services 100.0
Samsung Electronics Chile Limitada (SECH) Sale of electronic devices 100.0
Samsung Electronics Peru S.A.C. (SEPR) Sale of electronic devices 100.0
Samsung Electronics Venezuela, C.A. (SEVEN) Marketing and related services 100.0
Samsung Electronics Panama. S.A. (SEPA) Consulting 100.0
Harman International Industries, Inc. Management of overseas subsidiaries 100.0
Manufacture and sale of audio products,
Harman Becker Automotive Systems, Inc. 100.0
R&D
Harman Connected Services, Inc. Connected service provider 100.0
Harman Connected Services Engineering Corp. Connected service provider 100.0
Harman da Amazonia Industria Eletronica e Participacoes Ltda. Manufacture and sale of audio products 100.0
Harman de Mexico, S. de R.L. de C.V. Manufacture of audio products 100.0
Harman do Brasil Industria Eletronica e Participacoes Ltda. Sale of audio products, R&D 100.0

Percentage of ow
nership (%)(*)
Harman Financial Group LLC Management company 100.0
Harman International Industries Canada Ltd. Sale of audio products 100.0
Harman International Mexico, S. de R.L. de C.V. Sale of audio products 100.0
Harman KG Holding, LLC Management of overseas subsidiaries 100.0
Harman Professional, Inc. Sale of audio products, R&D 100.0
Roon Labs, LLC. Sale of audio products 100.0
Beijing Integrated Circuit Industry International Fund, L.P Venture capital investment fund 61.4
China Materialia New Materials 2016 Limited Partnership Venture capital investment fund 99.0
(*) Ownership represents the Company’s ownership of the voting rights in each entity, including subsidiaries’ ownerships.
Percentage of
ownership (%)(*)
Samsung Electronics (UK) Ltd. (SEUK) Sale of electronic devices 100.0
Samsung Electronics Ltd. (SEL) Management of overseas subsidiaries 100.0
Samsung Semiconductor Europe Limited (SSEL) Sale of semiconductor and display panels 100.0
Samsung Electronics GmbH (SEG) Sale of electronic devices 100.0
Samsung Electronics Holding GmbH (SEHG) Management of overseas subsidiaries 100.0
Samsung Semiconductor Europe GmbH (SSEG) Sale of semiconductor and display panels 100.0
Samsung Electronics France S.A.S (SEF) Sale of electronic devices 100.0
Samsung Electronics Italia S.P.A. (SEI) Sale of electronic devices 100.0
Samsung Electronics Iberia, S.A. (SESA) Sale of electronic devices 100.0
Samsung Electronics Portuguesa, Unipessoal, Lda. (SEP) Sale of electronic devices 100.0
Samsung Electronics Hungarian Private Co. Ltd. (SEH) Manufacture and sale of electronic devices 100.0
Samsung Electronics Europe Logistics B.V. (SELS) Logistics 100.0
Samsung Electronics Benelux B.V. (SEBN) Sale of electronic devices 100.0
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) Management of overseas subsidiaries 100.0
Samsung Electronics Nordic Aktiebolag (SENA) Sale of electronic devices 100.0
Europe &
Samsung Electronics Slovakia s.r.o (SESK) Manufacture of TV and monitors 100.0
CIS
Samsung Display Slovakia, s.r.o., v likvidacii (SDSK) Toll processing of display panels 100.0
Samsung Electronics Polska, SP.Zo.o (SEPOL) Sale of electronic devices 100.0
Samsung Electronics Poland Manufacturing SP.Zo.o (SEPM) Manufacture of home appliances 100.0
Samsung Electronics Romania LLC (SEROM) Sale of electronic devices 100.0
Samsung Electronics Austria GmbH (SEAG) Sale of electronic devices 100.0
Samsung Electronics Switzerland GmbH (SESG) Sale of electronic devices 100.0
Samsung Electronics Czech and Slovak s.r.o. (SECZ) Sale of electronic devices 100.0
Samsung Electronics Baltics SIA (SEB) Sale of electronic devices 100.0
Samsung Electronics Greece S.M.S.A (SEGR) Sale of electronic devices 100.0
Samsung Electronics Air Conditioner Europe B.V. (SEACE) Sale of air conditioning products 100.0
Samsung Nanoradio Design Center (SNDC) R&D 100.0
Samsung Denmark Research Center ApS (SDRC) R&D 100.0
Samsung Cambridge Solution Centre Limited (SCSC) R&D 100.0
SAMSUNG Zhilabs, S.L. Development and sale of network solutions 100.0
FOODIENT LTD. R&D 100.0
Percentage of
ownership (%)(*)
Samsung Electronics Rus Company LLC (SERC) Sale of electronic devices 100.0
Samsung Electronics Rus Kaluga LLC (SERK) Manufacture of TV 100.0
Samsung Electronics Ukraine Company LLC (SEUC) Sale of electronic devices 100.0
Samsung R&D Institute Ukraine (SRUKR) R&D 100.0
Samsung Electronics Central Eurasia LLP (SECE) Sale of electronic devices 100.0
Samsung Electronics Overseas B.V. (SEO) Sale of electronic devices 100.0
Samsung R&D Institute Rus LLC (SRR) R&D 100.0
Samsung Electronics Caucasus Co. Ltd (SECC) Marketing 100.0
Samsung Electronics Uzbekistan Ltd. (SEUZ) Marketing 100.0
AKG Acoustics GmbH Manufacture and sale of audio products 100.0
Apostera UA, LLC Connected Service Provider 100.0
Harman Audio Iberia Espana Sociedad Limitada Sale of audio products 100.0
Harman Becker Automotive Systems GmbH 100.0
R&D
Harman Becker Automotive Systems Italy S.R.L. Sale of audio products 100.0
Harman Becker Automotive Systems Manufacturing Kft Manufacture of audio products, R&D 100.0
Harman Belgium SA Sale of audio products 100.0
Harman Connected Services AB. Connected service provider 100.0
Harman Finland Oy Connected service provider 100.0
Harman Connected Services GmbH Connected service provider 100.0
Harman Connected Services Poland Sp.zoo Connected service provider 100.0
Harman Connected Services UK Ltd. Connected service provider 100.0
Harman Consumer Nederland B.V. Sale of audio products 100.0
Harman Deutschland GmbH Sale of audio products 100.0
Harman France SNC Sale of audio products 100.0
Harman Holding GmbH & Co. KG Management company 100.0
Harman Hungary Financing Ltd. Financing company 100.0
Harman Inc. & Co. KG Management of overseas subsidiaries 100.0
Harman International Estonia OU R&D 100.0
Harman International Industries Limited Sale of audio products, R&D 100.0
Harman International Romania SRL R&D 100.0
Harman Management GmbH Management of overseas subsidiaries 100.0
Harman Professional Kft Manufacture of audio products, R&D 100.0
Harman Professional Denmark ApS Sale of audio products, R&D 100.0
Red Bend Software SAS Software design 100.0
Studer Professional Audio GmbH Sale of audio products, R&D 100.0
Harman Connected Services OOO Connected service provider 100.0
Harman RUS CIS LLC Sale of audio products 100.0

Percentage of
ownership (%)*
Samsung Gulf Electronics Co., Ltd. (SGE) Sale of electronic devices 100.0
Samsung Electronics Turkiye (SETK) Sale of electronic devices 100.0
Samsung Electronics Industry and Commerce Ltd. (SETK-P) Manufacture of electronic devices 100.0
Samsung Electronics Levant Co., Ltd. (SELV) Sale of electronic devices 100.0
Samsung Electronics Maghreb Arab (SEMAG) Sale of electronic devices 100.0
Samsung Electronics Egypt S.A.E (SEEG) Manufacture and sale of electronic devices 100.0
Samsung Electronics Israel Ltd. (SEIL) Marketing 100.0
Samsung Electronics Tunisia S.A.R.L (SETN) Marketing 100.0
Samsung Electronics Pakistan (Private) Ltd. (SEPAK) Marketing 100.0
Middle East Samsung Electronics Saudi Arabia Ltd. (SESAR) Sale of electronic devices 100.0
& Africa Samsung Semiconductor Israel R&D Center, Ltd. (SIRC) R&D 100.0
Corephotonics Ltd. R&D 100.0
Samsung Electronics South Africa(Pty) Ltd. (SSA) Sale of electronic devices 100.0
Samsung Electronics South Africa Production (Pty) Ltd. (SSAP) Manufacture of TV and monitors 100.0
Samsung Electronics West Africa Ltd. (SEWA) Marketing 100.0
Samsung Electronics East Africa Ltd. (SEEA) Marketing 100.0
Global Symphony Technology Group Private Ltd. Management of overseas subsidiaries 100.0
Harman Connected Services Morocco Connected service provider 100.0
Harman Industries Holdings Mauritius Ltd. Management of overseas subsidiaries 100.0
Red Bend Ltd. Manufacture of audio products 100.0
Samsung Asia Pte. Ltd. (SAPL) Management of overseas subsidiaries 100.0
Samsung Electronics Singapore Pte. Ltd. (SESP) Sale of electronic devices 100.0
Samsung Malaysia Electronics (SME) Sdn. Bhd. (SME) Sale of electronic devices 100.0
Samsung Electronics Display (M) Sdn. Bhd. (SDMA) Manufacture of electronic devices 100.0
Samsung Electronics (M) Sdn. Bhd. (SEMA) Manufacture of home appliances 100.0
Samsung Vina Electronics Co., Ltd. (SAVINA) Sale of electronic devices 100.0
Samsung Electronics Vietnam Co., Ltd. (SEV) Manufacture of electronic devices 100.0
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) Manufacture of communication equipment 100.0
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) Manufacture and sale of electronic devices 100.0
Samsung Display Vietnam Co., Ltd. (SDV) Manufacture of display panels 100.0
DOWOOINSYS VINA COMPANY LIMITED Manufacture of display panel components 100.0
PT Samsung Electronics Indonesia (SEIN) Manufacture and sale of electronic devices 100.0
Asia PT Samsung Telecommunications Indonesia (STIN) Sale of electronic devices and services 100.0
(Excluding
China) Thai Samsung Electronics Co., Ltd. (TSE) Manufacture and sale of electronic devices 91.8
Laos Samsung Electronics Sole Co., Ltd (LSE) Marketing 100.0
Samsung Electronics Philippines Corporation (SEPCO) Sale of electronic devices 100.0
Samsung Electronics Australia Pty. Ltd. (SEAU) Sale of electronic devices 100.0
Samsung Electronics New Zealand Limited (SENZ) Sale of electronic devices 100.0
Samsung India Electronics Private Ltd. (SIEL) Manufacture and sale of electronic devices 100.0
Red Brick Lane Marketing Solutions Pvt. Ltd. Marketing 100.0
Samsung Display Noida Private Limited (SDN) Manufacture of display panels 100.0
SamsungR&DInstituteIndia-BangalorePrivateLimited(SRI-Bangalore) R&D 100.0
Samsung R&D Institute Bangladesh Limited (SRBD) R&D 100.0
Samsung Nepal Services Pvt. Ltd. (SNSL) Service 100.0
Samsung Japan Corporation (SJC) Sale of semiconductor and display panels 100.0
Samsung R&D Institute Japan Co., Ltd. (SRJ) R&D 100.0
Percentage of
ownership (%)*
Samsung Electronics Japan Co., Ltd. (SEJ) Sale of electronic devices 100.0
Harman Connected Services Corp. India Pvt. Ltd. Connected service provider 100.0
Harman International (India) Private Limited Sale of audio products, R&D 100.0
Harman International Industries PTY Ltd. Management of overseas subsidiaries 100.0
Harman International Japan Co., Ltd. Sale of audio products, R&D 100.0
Harman Singapore Pte. Ltd. Sale of audio products 100.0
Percentage of
ownership (%)(*)
Samsung (CHINA) Investment Co., Ltd. (SCIC) Sale of electronic devices 100.0
Samsung Electronics Hong Kong Co., Ltd. (SEHK) Sale of electronic devices 100.0
Samsung Electronics Taiwan Co., Ltd. (SET) Sale of electronic devices 100.0
Tianjin Samsung Electronics Co., Ltd. (TSEC) Manufacture of TV and monitors 91.2
Suzhou Samsung Electronics Co., Ltd. (SSEC) Manufacture of home appliances 88.3
Samsung Suzhou Electronics Export Co., Ltd. (SSEC-E) Manufacture of home appliances 100.0
Samsung Electronics Suzhou Computer Co., Ltd. (SESC) R&D 100.0
Tianjin Samsung Telecom Technology Co., Ltd. (TSTC) Manufacture of communication equipment 90.0
Beijing Samsung Telecom R&D Center (SRC-Beijing) R&D 100.0
Samsung Electronics China R&D Center (SRC-Nanjing) R&D 100.0
Samsung Mobile R&D Center China-Guangzhou (SRC-Guangzhou) R&D 100.0
Samsung R&D Institute China-Shenzhen (SRC-Shenzhen) R&D 100.0
Shanghai Samsung Semiconductor Co., Ltd. (SSS) Sale of semiconductor and display panels 100.0
Samsung (China) Semiconductor Co., Ltd. (SCS) Manufacture of semiconductors 100.0
Samsung SemiConductor Xian Co., Ltd. (SSCX) Sale of semiconductor and display panels 100.0
China
Samsung Electronics Suzhou Semiconductor Co., Ltd. (SESS) Toll processing of semiconductors 100.0
Tianjin Samsung LED Co., Ltd. (TSLED) Manufacture of LED 100.0
Samsung Semiconductor (China) R&D Co., Ltd. (SSCR) R&D 100.0
Samsung Display Dongguan Co., Ltd. (SDD) Manufacture of display panels 100.0
Samsung Display Tianjin Co., Ltd. (SDT) Manufacture of display panels 95.0
SEMES (XIAN) Co., Ltd. Semiconductor/FPD equipment services 100.0
Samsung Semiconductor Investment L.P.Ⅰ Venture capital investment fund 99.0
Harman (China) Technologies Co., Ltd. Manufacture of audio products 100.0
Harman (Suzhou) Audio and Infotainment Systems Co., Ltd. Sale of audio products 100.0
Harman Automotive Electronic Systems (Suzhou) Co., Ltd. Manufacture of audio products, R&D 100.0
Harman Commercial (Shanghai) Co., Ltd. Sale of audio products 100.0
Harman Connected Services Solutions (Chengdu) Co., Ltd. Connected service provider 100.0
Harman Holding Limited Sale of audio products 100.0
Harman International (China) Holdings Co., Ltd. Sale of audio products, R&D 100.0
Harman Technology (Shenzhen) Co., Ltd. Sale of audio products, R&D 100.0

Percentage of o
wnership (%)(*)
Samsung Display Co., Ltd. Manufacture and sale of display panels 84.8
SU Materials Manufacture of display panel components 50.0
STECO Co., Ltd. Manufacture of semiconductor components 70.0
SEMES Co., Ltd. Manufacture and sale of semiconductor/FPD 91.5
Samsung Electronics Service Co., Ltd. Repair services for electronic devices 99.3
Samsung Electronics Service Customer Satisfaction Co., Ltd. Call center for repair services for electronic devices 100.0
Samsung Electronics Sales Co., Ltd. Sale of electronic devices 100.0
Samsung Electronics Logitech Co., Ltd. General logistics agency 100.0
Samsung Medison Co., Ltd. Manufacture and sale of medical equipment 68.5
Stella Forest of Hope Manufacture of food 100.0
Development and supply of semiconductor proces
Mirero System Co., Ltd. 99.9
s defect and quality control software
Dowooinsys Co., Ltd. Manufacture of display panel components 69.0
Gf-System Co., Ltd. Manufacture of display panel components 100.0
Harman International Korea Software development and supply 100.0
Samsung Venture Capital Union #21 Venture capital investment fund 99.0
Domestic Samsung Venture Capital Union #28 Venture capital investment fund 99.0
Growth Type Private Equity Trust Specialized in
Investment in semiconductor industry 66.7
Semiconductors
System LSI Mutual Benefit Private Equity Trust Investment in semiconductor industry 62.5
Semiconductor Ecosystem Private Equity Trust Investment in semiconductor industry 66.7

1.3 Summary of Financial Data of Major Consolidated Subsidiaries
Summary of financial data of major consolidated subsidiaries is as follows:
(1) 2023
(In millions of Korean won) As of December 31, 2023 For the year ended December 31, 2023
Profit (loss)
Major subsidiaries (*1) Assets Liabilities Sales for the year
Samsung Display Co., Ltd. 65,328,568 7,266,213 27,083,336 8,268,314
Samsung Electronics America, Inc. (SEA) 41,926,899 15,322,780 39,551,809 477,338
Samsung Asia Pte. Ltd. (SAPL) 22,234,942 282,614 - 14,140,195
Harman and its subsidiaries (*2) 17,956,557 6,009,675 14,367,766 896,384
Samsung Austin Semiconductor LLC. (SAS) 16,714,945 7,791,914 4,109,744 301,778
Samsung (China) Semiconductor Co., Ltd. (SCS) 15,808,283 870,453 8,693,788 877,892
Samsung Semiconductor, Inc. (SSI) 12,796,440 6,276,293 23,465,031 136,458

Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) 12,554,481 3,593,527 30,639,349 2,240,480
Samsung (CHINA) Investment Co., Ltd. (SCIC) 10,222,557 8,797,991 3,148,858 189,887
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) 9,660,481 4,585,806 - 103,387
Samsung India Electronics Private Ltd. (SIEL) 7,738,259 3,373,730 15,216,331 1,153,256
Samsung Display Vietnam Co., Ltd. (SDV) 7,383,485 1,570,459 24,200,246 1,143,824
Samsung Electronics Vietnam Co., Ltd. (SEV) 7,301,860 2,215,062 20,154,119 1,476,382
Samsung Eletronica da Amazonia Ltda. (SEDA) 5,542,627 1,587,911 7,222,304 333,812
Shanghai Samsung Semiconductor Co., Ltd. (SSS) 5,262,086 4,552,030 15,649,307 244,210
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) 4,043,677 843,736 6,152,983 402,418
Thai Samsung Electronics Co., Ltd. (TSE) 3,039,379 640,512 4,213,492 150,510
Samsung Electronics (UK) Ltd. (SEUK) 2,902,722 1,976,067 5,859,133 185,113

SEMES Co., Ltd. 2,187,919 659,607 2,502,143 58,754
Samsung Electronics Mexico S.A. De C.V. (SEM) 2,153,032 1,038,115 3,638,080 148,873
Samsung Electronics GmbH (SEG) 2,097,706 2,033,152 6,374,670 (3,157)

Samsung International, Inc. (SII) 1,879,442 383,763 6,553,383 141,226
Samsung Electronics Taiwan Co., Ltd. (SET) 1,797,627 1,139,056 4,108,479 56,467
Samsung Electronics Benelux B.V. (SEBN) 1,794,552 639,120 2,833,717 140,313
Samsung Electronics Europe Logistics B.V. (SELS) 1,639,004 1,443,005 15,462,852 4,984
(*1) Summary of condensed financial information is based on separate financial statements of each subsidiary.
(*2) Consolidated financial data of an intermediate company, Harman International Industries, Inc. and its subsidiaries.

(2) 2022
(In millions of Korean won) As of December 31, 2022 For the year ended December 31, 2022
Profit (loss)
Major subsidiaries (*1) Assets Liabilities Sales for the year
Samsung Display Co., Ltd. 57,302,567 7,282,718 30,779,405 4,365,588
Samsung Asia Pte. Ltd. (SAPL) 26,894,611 2,678,285 - 8,699,679
Harman and its subsidiaries (*2) 17,102,324 6,380,456 13,211,151 631,019
Samsung (China) Semiconductor Co., Ltd. (SCS) 17,095,000 2,970,835 9,679,757 638,385
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) 15,718,299 2,358,140 36,336,963 2,721,701
Samsung Semiconductor, Inc. (SSI) 12,199,102 5,930,369 43,009,331 88,467
Samsung Electronics Vietnam Co., Ltd. (SEV) 10,931,037 1,408,387 23,667,565 1,646,165
Samsung Austin Semiconductor LLC. (SAS) 9,301,017 828,494 3,663,909 208,879
Samsung Display Vietnam Co., Ltd. (SDV) 7,471,680 1,608,448 25,773,970 1,301,926
Samsung India Electronics Private Ltd. (SIEL) 6,772,537 3,571,863 16,180,492 508,510
Samsung Eletronica da Amazonia Ltda. (SEDA) 4,600,508 1,342,517 7,485,104 (38,490)
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) 3,732,057 980,448 6,253,401 386,119
Samsung Electronics Hungarian Private Co. Ltd. (SEH) 2,374,317 452,628 3,935,745 199,742
Samsung Display Dongguan Co., Ltd. (SDD) 2,135,132 265,835 2,556,608 111,643
SEMES Co., Ltd. 2,065,558 602,323 2,889,238 185,762
Samsung Electronics GmbH (SEG) 1,968,273 1,907,132 6,567,011 3,695
Samsung Electronics Mexico S.A. De C.V. (SEM) 1,816,895 996,002 3,270,016 110,386
(*1) Summary of condensed financial information is based on separate financial statements of each subsidiary.
(*2) Consolidated financial data of an intermediate company, Harman International Industries, Inc. and its subsidiaries.

1.4 Changes in Consolidation Scope
Changes in consolidation scope during the year ended December 31, 2023 are as follows:
Change Area Subsidiary Description

Samsung Venture Capital Union #62 Establishment
Domestic
Semiconductor Ecosystem Private Equity Trust Establishment
Samsung Federal, Inc. (SFI) Establishment
Included
Samsung Display America Holdings, Inc. (SDAH) Establishment
America
eMagin Corporation Acquisition
Roon Labs, LLC. Acquisition
Dacor Holdings, Inc. Merger
America
Dacor, Inc. Merger
Red Bend Software Ltd. Liquidation
Excluded
Harman Finance International GP S.a.r.l Liquidation
Europe & CIS
Harman Finance International, SCA Liquidation
Harman Automotive UK Limited Liquidation
2. Material Accounting Policies
The followings are material accounting policies applied on financial statements. Unless mentioned otherwise, these policies
are consistent throughout the accounting periods denoted.
2.1 Basis of Presentation
The Company’s financial statements have been written in accordance with the Korean International Financial Reporting Standards
(“Korean IFRS”). The Korean IFRS refers to standards selected by the Republic of Korea among accounting standards and
interpretations published by International Accounting Standards Board (IASB).
The Korean IFRS permits application of material accounting estimates on the financial statements and requires management’s
judgements in applying accounting policies. The areas involving a higher degree of judgment or complexity, or areas where
assumptions and estimates are material to the financial statements are disclosed in Note 3.
2.2 Changes in Accounting Policies and Disclosures
(A) New and amended standards adopted by the Company
The Company applied the following amended standards for the first time for the annual reporting period commencing on January 1,
2023:

Amendments to Korean IFRS 1001, Presentation of Financial Statements
The amendments replace the term ‘significant’ accounting policy information with ‘material’ accounting policy and clarify its
meaning. These amendments do not result in a change in accounting policy but affects the accounting policy information disclosed
in the consolidated financial statements. In addition, IFRS Practice Statement 2, Making Materiality Judgments has been amended to
provide guidance on the application of the concept of materiality. The Company has adopted the amendments to the standard and
discloses the Company’s material accounting policies in Note 2.
Amendments to Korean IFRS 1008, Accounting Policies, Changes in Accounting Estimates and Errors
The amendments clarify how accounting estimates are defined and distinguished from changes in accounting policies. The adoption
of the amendments does not have a significant impact on the Company’s consolidated financial statements.
Amendments to Korean IFRS 1012, Income Tax

The amendments add to a condition to the initial recognition exemption that the initial recognition exemption does not apply to
transactions in which equal amounts of deductible and taxable temporary differences arise on initial recognition. The adoption of the
amendments does not have a significant impact on the Company’s consolidated financial statements.

The amendments clarify that Korean IFRS 1012, Income Taxes, applies to income taxes arising from tax law enacted or substantively
enacted to implement the Pillar Two Model Rules issued by the Organization for Economic Co-operation and Development (OECD).
However, a temporary exemption from the requirements of Korean IFRS 1012, Income Taxes, has been adopted to allow the Company
to neither recognize nor disclose deferred tax assets and liabilities relating to Pillar Two income taxes.
(B) New and amended standards not yet adopted by the Company
The amended accounting standards that have been issued but not yet effective for the annual reporting period commencing on January
1, 2023 which have not been early adopted by the Company are as follows:

The amendments to Korean-IFRS 1001 clarify that the classification of liabilities as current or non-current should be based on rights
that are in existence at the end of the reporting period and that the classification is unaffected by management’s intentions or
expectations about whether an entity will exercise its right to defer settlement of a liability. The amendments also introduce a definition
of settlement to make clear that settlement includes the transfer to the counterparty of the entity's own equity instruments, however,
it would be excluded if an option to settle the liability by the transfer of the entity’s own equity instruments is recognized separately
from the liability as an equity component of a compound financial instrument. The amendments are applied for annual periods
beginning on or after January 1, 2024, with early application permitted.
Amendments to Korean IFRS 1116, Leases

The amendments add requirements for the subsequent measurement of sale-and-leaseback transactions that are accounted for as sales
in accordance with Korean IFRS 1115, Revenue from Contracts with Customers. The amendments require the seller-lessee to calculate
the ‘lease payments’ or ‘revised lease payments’ in a way that does not result in the seller-lessee recognizing any gain or loss for the
rights of use that the seller-lessee continues to retain after the lease commences. The amendments are effective for annual reporting
periods beginning on or after January 1, 2024, with early application permitted.
Amendments to Korean IFRS 1007, Statement of Cash Flows, and 1107, Financial Instruments: Presentation
The amendments add to the disclosure objectives in Korean IFRS 1007, Statement of Cash Flows, that information about supplier
financing arrangements should be disclosed to enable users of financial statements to assess the impact of those arrangements on the
Company’s liabilities and cash flows. The amendments also amend Korean IFRS 1107, Financial Instruments: Presentation, to add
supplier financing arrangements as an example of a requirement to disclose information about an entity’s exposure to concentrations
of liquidity risk.
The amendments are effective for annual reporting periods beginning on or after January 1, 2024, and include specific transitional
provisions for the first annual period in which they are applied. Early application is permitted.
2.3 Consolidation
The Company prepares its consolidated financial statements in accordance with Korean IFRS 1110, Consolidated Financial
Statements.
(A) Non-controlling interests

Each component of profit or loss and other comprehensive income is attributable to the owners of the parent and the non-controlling
interests, and total comprehensive income is attributable to the owners of the parent and the non-controlling interests, even if the non-
controlling interests have a negative balance.
(B) Elimination of intercompany transactions

Intercompany transactions, balances, income and expenses and unrealized gains and losses (excluding foreign exchange gains and
losses) are eliminated on consolidation. The Company’s share of unrealized losses on transactions with associates accounted for using
the equity method are eliminated in the same way as unrealized gains unless there is evidence of impairment of the asset.
2.4 Functional and Presentation Currency
(A) Functional and presentation currency

The Company measures the items included in the financial statements of each component using the currency of the primary economic
environment in which each it operates (“functional currency”). The functional currency of the parent company is Korean won (KRW)
and the consolidated financial statements are presented in Korean won (KRW).
(B) Translation into the presentation currency

The results and financial position of all entities subjected to consolidation that have a functional currency different from the parent’s
presentation currency are translated into the parent’s presentation currency as follows:
(1) Assets and liabilities are translated at the closing rate at the end of the reporting date.
(2) Income and expenses in the statement of profit or loss are translated at average exchange rates for the period.
However, if this average rate is not a reasonable approximation of the cumulative effect of the exchange rates at the dates of
the transactions, the transactions are translated at the exchange rates at the dates of transactions.
(3) Exchange differences arising on translation in (1) and (2) above are recognized in other comprehensive income.
2.5 Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, deposits held at call with banks, and highly liquid short-term investment assets that
are readily convertible to known amounts of cash at the date of acquisition and which are subject to an insignificant risk of changes
in value.

2.6 Financial Assets
(A) Classification
Financial instruments are classified based on the business model for managing the financial assets and the contractual cash flow
characteristics of the financial asset. The Company considers the contractual terms of the relevant financial instrument and assesses
whether the contractual cash flows consist solely of payments of principal and interest on the principal amount outstanding.
(B) Impairment
The Company assesses the expected credit losses of debt instruments carried at amortized cost or fair value through other
comprehensive income on a forward-looking basis. However, the Company applies the simplified approach for trade receivables,
which requires expected credit losses to be recognized over the life of the receivable from initial recognition.
2.7 Trade Receivables
Trade receivables are recognized at initial transaction price, unless they contain a significant financing component, and are
subsequently measured at amortized cost using the effective interest method less any allowance for impairment.
2.8 Inventories
The Company determines the unit cost of inventories, except for materials in transit, using the average cost method. The cost of
finished goods and work in progress comprises raw materials, direct labor, other direct costs and related production overheads based
on normal operating capacity, excluding the cost of idle production equipment and scrapping costs.
The Company measures inventories at the lower of cost and net realizable value. Net realizable value is the estimated selling price in
the ordinary course of business less the applicable variable selling expenses, and reflects the decrease in selling price, the increase in
costs to completion, or decrease in value due to excess or obsolete inventory.
2.9 Property, Plant and Equipment
Depreciation of property, plant and equipment begins when assets are considered by management to be available for their intended
use, such as in the production of products.
The Company’s property, plant and equipment is depreciated on a straight-line method over the estimated useful lives of the assets,
less any residual values. Land is not depreciated. Costs that are directly attributable to the acquisition, construction of a qualifying
asset, including capitalized interest costs, are depreciated over the estimated useful lives.
The estimated useful lives of property, plant and equipment used by the Company for each asset category are as follows:
Estimated useful lives

Buildings and structures 15, 30 years
Machinery and equipment 5 years
Other 5 years

2.10 Intangible Assets
Goodwill represents the excess of the cost of an acquisition over the fair value of the identifiable net assets of subsidiaries, associates
and joint ventures, businesses and other entities acquired at the date of acquisition and is recognized as an intangible assets in respect
of acquisitions of businesses of subsidiaries and as an investment in associates and joint ventures in respect of acquisitions of interests
in associates and joint ventures.
Intangible assets, other than goodwill, are initially recognized at their historical cost and are subsequently stated at cost less
accumulated amortization and accumulated impairment losses.
Membership rights are regarded as intangible assets with indefinite useful life and not amortized as there are no foreseeable restrictions
on their use. However, whenever there is an indication of impairment, such as a decline in the market value of membership rights, a
reasonable estimate is made to reflect the impairment. Intangible assets with finite useful lives, such as patents, trademarks and other
intangible assets, are amortized on a straight-line method over their estimated useful lives.
The estimated useful lives of intangible assets used by the Company are as follows:

Patents, trademarks and other intangible assets 3 - 25 years
2.11 Financial Liabilities
The Company classifies financial liabilities into financial liabilities at fair value through profit or loss and other financial liabilities
and recognizes them on the consolidated statement of financial position when the Company becomes a party to a contract, depending
on the substance of the contractual terms.
2.12 Employee Benefits
The Company operates various types of post-employment benefit plans, including defined benefit plans and defined contribution
plans. The defined benefit liability (asset) recognized in the consolidated statement of financial position in respect of defined benefit
plans is the present value of the defined benefit obligation at the reporting date less the fair value of plan assets, less any deficit (excess
of plan assets over the asset recognition threshold) and is calculated annually by an independent actuary using the projected unit credit
method.
2.13 Income Tax Expense
The Company applies the exemption to the recognition and disclosure of deferred tax assets and liabilities related to the Pillar Two
Model Rules of OECD. Furthermore, as the relevant legislation will be effective from January 1, 2024, the Company has not
recognized any current tax expense related to Pillar Two in the fiscal year ended December 31, 2023.
The Company recognizes deferred tax liabilities for taxable temporary differences associated with investments in subsidiaries,
associates and joint ventures, except where the Company is able to control the timing of the reversal of the temporary difference and
it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognized for deductible
temporary differences arising on these assets only to the extent that it is probable that the temporary differences will reverse in the
foreseeable future and taxable profit will be available against which the temporary differences can be utilized.
2.14 Derivative Instruments
The Company recognizes its rights and obligations under derivative contracts as assets and liabilities at fair value and records gains
and losses on these contracts in the statement of profit or loss. However, effective portion of changes in the fair value of cash flow
hedges are deferred in equity.
The Company applies cash flow hedge accounting for hedges of risks including changes in the price of inventories. The effective
portion of the change in fair value of a derivative that is designated as a cash flow hedge is recognized in other comprehensive income,
while the ineffective portion is recognized in ‘financial income’ or ‘financial expense’.
2.15 Revenue Recognition
The Company’s revenue primarily represents the fair value of the consideration received or receivable for the sale of goods in the
ordinary course of the Company’s activities. Revenue is net of value-added tax, returns, sales incentives, discounts and others.
(A) Identification of performance obligations

The Company is required to transfer control of goods and services under contracts with customers. For the export of products and
goods under Incoterms Group C terms (such as CIF), the Company recognize the transportation services (including insurance)
provided after the control of the goods has passed to the customer as a separate performance obligation.
(B) Performance obligations satisfied at a point of time

The Company’s revenue is primarily derived from the sale of goods and is recognized when control of the goods passes to the customer.
(C) Performance obligations satisfied over time

The Company recognizes revenue over time for sales of software, transportation services, installation services, and etc. where the
customer has direct control over the outcome during the performance of the service.
(D) Variable consideration

The Company provides a variety of sales promotions including incentives, promotion and sales allowances. Where these sales
promotion policies result in variability in the consideration promised to customers, the Company estimates the variable consideration
using either the expected value or the most likely amount whichever method the Company expects to better predict the amount of
consideration to which it will be entitled. The estimate of variable consideration is included in transaction price only to the extent that
it is highly probable that a significant portion of the cumulative revenue already recognized will not be reversed. Revenue and contract
liabilities are recognized when the related revenue is earned or when the decision to pay the variable consideration to the customer is
made, whichever is later.
The Company recognizes contract liabilities (refund liabilities) after the sale of products to customers by estimating the return rate
using the expected value methods based on historical experience. When the customer exercises its right to return the product, the
Company recognizes the asset as a refund asset and adjusts cost of sales by the amount of the right to collect the product from the
customer. The right to collect the product is measured by deducting the cost of collecting the product from the historical carrying
amount of the product.

2.16 Leases
(A) Lessee accounting

The Company applies the practical expedient of Korean IFRS 1116, Leases, and does not separate the non-lease elements from the
lease elements and accounts for the non-lease elements relating to each lease element as a single lease element.
At the commencement date of a lease, the Company recognizes a right-of-use asset (the lease asset) representing the right to use the
underlying asset and a lease liability representing the obligation to make lease payments. The right-of-use asset is presented in the
consolidated statement of financial position as ‘property, plant and equipment’ and the lease liability is presented as ‘current portion
of long-term liabilities’ or ‘long-term borrowings.’
Lease liabilities are measured at the inception of the lease at the present value of the lease payments outstanding at that date, discounted
at the Company’s incremental borrowing rate.
For short-term leases (lease terms of 12 months or less at the inception of the lease) and low value assets (underlying assets of USD
5,000 or less), lease payments are recognized as expenses on a straight-line basis over the lease term applying the simplified practical
expedient.
(B) Lessor accounting

The Company, as a lessor, determines whether a lease is a finance or an operating lease at the inception of the lease.
Leases that transfer substantially all the risk and rewards of ownership of the leased assets are classified as finance leases and all
leases other than finance leases are classified as operating leases. Lease income from operating leases is recognized on a straight-line
basis over the lease term, while initial direct costs incurred during the negotiation and contracting phase of an operating lease are
added to the carrying amount of the leased asset and expensed over the lease term against the lease income.
2.17 Government Grants
Government grants relating to revenues are deferred and recognized in the consolidated statement of profit or loss in the same period
in which they are matched with revenues or expenses related to the purpose for which the grant was made. Government grants received
related to the acquisition of assets are treated as deferred income and credited to the consolidated statement of profit or loss over the
useful lives of the related assets.
2.18 Convenience Translation into United States Dollar Amounts
The US dollar amounts provided in the consolidated financial statements represent supplementary information solely for the
convenience of the reader. All Korean won amounts are expressed in US dollar at the rate of W 1,306.1 to $1, the average exchange
rate for the year ended December 31, 2023. Such presentation is not in accordance with generally accepted accounting principles and
should not be construed as a representation that the Korean won amounts shown could be readily converted, realized or settled in US
dollars at this or any other rate.

2.19 Approval of the Consolidated Financial Statements
The consolidated financial statements of the Company were approved by the Board of Directors on January 31, 2024, and may be
approved as amended at the Annual General Shareholders’ Meetings.
3. Material Accounting Estimates and Assumptions
The Company makes estimates and assumptions concerning the future. Estimates and assumptions are continuously evaluated and
are based on historical experience and future events that are reasonably foreseeable under the circumstances. These estimates may
differ from actual results. The estimates and assumptions that have the most significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities in the next financial year are as follows.
(A) Revenue recognition

The Company recognizes a liability for a product return and a right to the returned goods that are expected to be returned by customers
following the sale of products to customers. At the point of sale, the Company estimates the return using the expected value method
based on accumulated experience at the portfolio level and the Company’s revenue is affected by changes in the expected return.
Revenue from the sale of goods recognized at the point of transfer of control is the contractual consideration less consideration paid
to customers in relation to certain sales promotion activities. Based on the historical experience and terms of contracts, the Company
makes reasonable estimates of the sales deductions which affect the Company’s revenue
(B) Provision for warranty

The Company provides warranties for products sold. At the end of each reporting period, the Company recognizes a provision for
warranties based on its best estimate of the amount it believes is necessary to provide for future and current warranty obligations.
These best estimates are based on historical experience.
(C) Fair value of financial instruments

The fair value of financial instruments that are not traded in an active market is determined by using various valuation techniques and
assumptions based on market conditions prevailing at the end of each reporting period.
(D) Impairment of financial assets

In measuring the allowance for impairment losses on financial assets, the Company make assumptions about the risk of default and
expected credit rates. In making these assumptions and selecting the inputs for the impairment calculations, the Company makes
judgment based on past experience and current and forecast of future economic conditions at the reporting date.
(E) Lease
In determining the lease term, the Company considers all relevant facts and circumstances that provide an economic incentive to
exercise a renewal option, or not to exercise a termination option. The period covered by the renewal option (or the period covered
by the termination option) is included in the lease term only if it is reasonably certain that the lessee will exercise (or not exercise)
the renewal option.
The lease term is reassessed when the option is actually exercised (or not exercised) or when the Company becomes committed to
exercise (or not exercise) the option. The Company only changes its assessment of whether it is reasonably certain the renewal option
will be exercised (or not) if there is a significant event or change in circumstances within the lessee’s control that affects the calculation
of the lease term.

(F) Net defined benefit liabilities (assets)
The net defined benefit liabilities (assets) are dependent on a number of factors which are determined using actuarial methods based
on a number of assumptions. Among the assumptions used to determine the net defined benefit liabilities (assets) is the discount rate,
and changes in these assumptions will affect the carrying amount of the net defined benefit liability (asset). At the end of each year
the Company determines an appropriate discount rate, taking into account the interest rates on high-quality corporate bonds, which
represents the interest rate that should be used to determine the present value of the estimated future cash outflows expected to be
required to settle the net defined benefit liability (asset). Some key assumptions relating to the net defined benefit liability (asset) are
based on current market conditions.
(G) Impairment of goodwill and intangible assets that have indefinite useful life
The Company tests goodwill and intangible assets with indefinite useful life for impairment annually. The recoverable amount of a
cash-generating unit or asset, including goodwill, is determined based on a value-in-use calculation. These calculations are based on
estimates.
(H) Income taxes

Income taxes on the Company’s taxable income are calculated by applying tax laws and decisions of tax authorities in various
countries, and, therefore, there is uncertainty in determining the final tax effect. The Company has recognized current and deferred
tax based on its best estimate of the tax consequences expected to be payable in future periods as a result of the Company’s operating
activities up to the reporting date. However, the actual future final tax liability may not be consistent with the related assets and
liabilities recognized, and such differences may affect the current and deferred tax assets and liabilities when the final tax effect is
determined.
The Company is subject to additional income taxes, calculated in accordance with the method prescribed by tax laws, when a certain
amount is not used for investment, wage growth, etcetera, in a given period. The related tax effect is reflected in the measurement of
current and deferred income taxes for the period, and the amount of income tax payable by the Company depends on the level of
investment, wage growth, etcetera in each year, resulting in uncertainty in determining the final tax effects.
The Company assesses uncertainty over its tax positions and, if the Company concludes that it is not probably that the tax authorities
will accept a uncertain tax position, the effect of the uncertainty is recognized in the consolidated financial statements for each
uncertain tax position using the method that is expected to provide a better estimate of the resolution of the uncertainty, which is more
likely of the following methods.
(1) Most likely amount: the single most probable amount within a range of possible outcomes.
(2) Expected value: the sum of the probability-weighted amounts in a range of possible outcomes.

4. Financial Instruments by Category
(A) Categorizations of financial assets and liabilities as of December 31, 2023 and 2022 are as follows:

Financial assets Financial assets
measured at f measured at f
Financial assets air value throu air value throu Other
measured at gh other compr gh profit or los financial
(In millions of Korean won) amortized cost ehensive income s assets(*) Total
Financial assets
Cash and cash equivalents 69,080,893 - - - 69,080,893
Short-term financial instruments 22,690,924 - - - 22,690,924
Short-term financial assets at
amortized cost 608,281 - - - 608,281
Short-term financial assets at fair
value through profit or loss - - 27,112 - 27,112
Trade receivables 36,647,393 - - - 36,647,393
Financial assets at fair value through
other comprehensive income - 7,481,297 - - 7,481,297
profit or loss - - 1,431,394 - 1,431,394
Other 14,294,254 - 475,244 70,777 14,840,275
Total 143,321,745 7,481,297 1,933,750 70,777 152,807,569
(*) Other financial assets include derivatives designated as hedging instruments.
Financial liabilities
Financial liabilities measured at
measured at fair value through Other financial liabi
(In millions of Korean won) amortized cost profit or loss lities(*) Total
Trade payables 11,319,824 - - 11,319,824
Short-term borrowings 504,552 - 6,610,049 7,114,601
Other payables 13,996,395 - - 13,996,395
Current portion of long-term liabilities 310,436 - 998,439 1,308,875
Debentures 537,618 - - 537,618
Long-term borrowings - - 3,724,850 3,724,850
Long-term other payables 4,907,875 - - 4,907,875
Other 11,330,545 49,904 33,559 11,414,008
Total 42,907,245 49,904 11,366,897 54,324,046
(*) Other
financial liabilities include lease liabilities, which are not subject to categorization, collateralized borrowings and derivatives designated
as hedging instruments.

Financial assets
measured at fai Financial assets
Financial assets r value through measured at fair Other
measured at other compreh value through pr financial
(In millions of Korean won) amortized cost ensive income ofit or loss assets(*) Total
Financial assets
Cash and cash equivalents 49,680,710 - - - 49,680,710
Short-term financial instruments 65,102,886 - - - 65,102,886
Short-term financial assets at amortized
cost 414,610 - - - 414,610
through profit or loss - - 29,080 - 29,080
Trade receivables 35,721,563 - - - 35,721,563
other comprehensive income - 11,397,012 - - 11,397,012
profit or loss - - 1,405,468 - 1,405,468
Other 9,945,209 - 334,263 61,404 10,340,876
Total 160,864,978 11,397,012 1,768,811 61,404 174,092,205
measured at amorti fair value through Other financial liabi
(In millions of Korean won) zed cost profit or loss lities(*) Total
Trade payables 10,644,686 - - 10,644,686
Short-term borrowings 1,577,958 - 3,569,357 5,147,315
Other payables 16,328,237 - - 16,328,237
Current portion of long-term liabilities 215,143 - 874,019 1,089,162
Debentures 536,093 - - 536,093
Long-term borrowings 33,846 - 3,526,826 3,560,672
Long-term other payables 2,289,236 - - 2,289,236
Other 12,047,761 334,415 27,353 12,409,529
Total 43,672,960 334,415 7,997,555 52,004,930
(*) Other financial liabilities include lease liabilities, which are not subject to categorization, collateralized borrowings and derivatives designated as
hedging instruments.

(B) Net gains or losses on each category of financial assets and liabilities for the years ended December 31, 2023 and 2022 are as
follows:
(1) 2023
Financial assets
measured Financial assets
at fair value measured
Financial assets through other at fair value
measured at comprehensive through Other financial
(In millions of Korean won) amortized cost income profit or loss assets(*) Total
Financial assets
Gain on valuation
(other comprehensive income) - 1,481,091 - 58,290 1,539,381
Gain (loss) on valuation/disposal
(profit or loss) (64,758) - 213,308 436 148,986
Reclassification from other
comprehensive income to profit or
loss - - - 1,169 1,169
Interest income 4,357,792 - 230 - 4,358,022
Foreign exchange differences
(profit or loss) (98,522) - - - (98,522)
Dividend income - 161,509 2,694 - 164,203
Impairment/reversal
(profit or loss) (74,594) - - - (74,594)
measured at fair value through Other financial
(In millions of Korean won) amortized cost profit or loss liabilities(*) Total
Loss on valuation
(other comprehensive income) - - (16,809) (16,809)
Loss on valuation/disposal
(profit or loss) - (116,167) (126) (116,293)
Reclassification from
other comprehensive income
to profit or loss - - (337) (337)
Interest expense (510,865) - (419,388) (930,253)
(profit or loss) 162,844 - 61,920 224,764
hedging instruments.

(2) 2022
Financial assets
measured Financial assets
at fair value measured
Financial assets through other at fair value
measured at comprehensive through Other financial
(In millions of Korean won) amortized cost income profit or loss assets(*) Total
Financial assets
Gain (loss) on valuation
(other comprehensive income) - (1,969,498) - 53,180 (1,916,318)
Gain (loss) on valuation/disposal
(profit or loss) (36,550) - 83,332 474 47,256
Reclassification from other
comprehensive income to
profit or loss - - - 310 310
Interest income 2,720,213 - 266 - 2,720,479
(profit or loss) (822,011) - - - (822,011)
Dividend income - 413,467 1,134 - 414,601
Impairment/reversal
(profit or loss) (19,124) - - - (19,124)
measured at fair value through Other financial
(In millions of Korean won) amortized cost profit or loss liabilities(*) Total
Loss on valuation
- - (10,621) (10,621)
(other comprehensive loss)
Loss on valuation/disposal
- (91,056) (45) (91,101)
(profit or loss)
Reclassification from
other comprehensive income - - 59 59
to profit or loss
Interest expense (322,529) - (440,486) (763,015)
574,771 - 155,952 730,723
(profit or loss)
hedging instruments

5. Transfer of Financial Assets
The Company discounted trade receivables through factoring arrangements with banks during the years ended December 31, 2023
and 2022. Trade receivables provided as collaterals in factoring transactions have not been derecognized as they do not meet the
requirements for derecognition of financial assets as the Company retains substantially all the risks and rewards, including the recourse
in the event of default by the debtor. Financial liabilities recognized in these transactions are classified as ‘short-term borrowings’ on
the consolidated statement of financial position (refer to Note 12).
The carrying amount of the discounted trade receivables and the associated liabilities as of December 31, 2023 and 2022 are as
follows:
(In millions of Korean won) December 31, 2023 December 31, 2022
Carrying amount of the discounted trade receivables (*) 6,610,049 3,569,357

Carrying amount of the associated liabilities 6,610,049 3,569,357
(*)
Discounted trade receivables includes trade receivables between consolidated entities.
6. Financial Assets at Fair Value
(A) Details of financial assets at fair value as of December 31, 2023 and 2022 are as follows:
(1) Financial assets at fair value through other comprehensive income
Non-current
Equity instruments 7,481,297 11,397,012
(2) Financial assets at fair value through profit or loss
Current
Debt instruments 27,112 29,080
Non-current
Equity instruments 812,358 773,063
Debt instruments 619,036 632,405
Subtotal 1,431,394 1,405,468
Total 1,458,506 1,434,548

(B) Changes in financial assets at fair value for the years ended December 31, 2023 and 2022 are as follows:
(In millions of Korean won) 2023 2022
Balance as of January 1 11,397,012 13,965,839

Acquisition 124,897 35,013
Disposal (5,918,616) (20,913)
Fair value valuation gain (loss) 1,548,022 (2,636,448)
Other 329,982 53,521
Balance as of December 31 7,481,297 11,397,012

Disposal (81,113) (80,718)
Fair value valuation gain (loss) (38,110) (198,594)
Other (1,243) 1,192
(C) Changes in gain (loss) on valuation of financial assets at fair value through other comprehensive income for the years ended
December 31, 2023 and 2022 are as follows:

Fair value valuation gain (loss) 1,548,022 (2,636,448)
Reclassification to retained earnings due to disposals (4,935,379) 49,946
Balance as of December 31 249,121 3,636,478
Income tax effects on equity (54,702) (887,369)
Total 194,419 2,749,109

(D) Details of listed equity securities of financial assets at fair value as of December 31, 2023 and 2022 are as follows:

Percentage of
(In millions of Korean won, Number of sh ownership(*) Carrying amount Carrying amount
number of shares and percentage) ares owned (%) Acquisition cost (Market value) (Market value)
Samsung Heavy Industries Co., Ltd. 134,027,281 15.2 932,158 1,038,711 684,879
Hotel Shilla Co., Ltd. 2,004,717 5.1 13,957 131,108 166,592
iMarketKorea Inc. 647,320 1.9 324 5,560 6,538
SFA Engineering Corporation 2,100,000 5.8 22,050 63,840 132,642
Wonik Holdings Co., Ltd. 3,518,342 4.6 30,821 11,857 11,945
Wonik IPS Co., Ltd. 3,701,872 7.5 32,428 125,679 91,621
Wacom Co., Ltd. 8,398,400 5.3 62,013 50,358 46,750
Corning Incorporated 80,000,000 9.4 3,980,636 3,140,978 3,238,205
Other 561,530 1,030,123 5,142,573
Total 5,635,917 5,598,214 9,521,745
(*)
Ownership represents the Company’s ownership of the ordinary shares issued by each entity.
7. Trade and Non-Trade Receivables
(A) Trade and non-trade receivables as of December 31, 2023 and 2022 are as follows:
(In millions of Korean won) Trade Non-trade Trade Non-trade
Receivables 37,026,738 7,474,967 36,238,032 7,051,536

Less: Loss allowance (355,456) (82,224) (312,221) (78,101)
Subtotal 36,671,282 7,392,743 35,925,811 6,973,435
Less: Non-current (23,889) (759,495) (204,248) (824,226)
Current 36,647,393 6,633,248 35,721,563 6,149,209
(B) Movements in the loss allowance for receivables for the years ended December 31, 2023 and 2022 are as follows:
2023 2022
Balance as of January 1 312,221 78,101 310,880 72,805

Bad debt expense (reversal) 62,964 (297) 8,784 7,312
Write-off (18,875) (124) (3,557) (6,154)
Other (854) 4,544 (3,886) 4,138
Balance as of December 31 355,456 82,224 312,221 78,101

(C) The details of trade and non-trade receivables classified by past due date for the purpose of measuring expected credit losses as
of December 31, 2023 and 2022 are as follows:
Receivables not past due 33,633,006 7,077,413 33,177,298 5,890,018

Past due:
Less than 31 days past due(*) 2,262,296 269,390 2,206,622 981,889
31 days to 90 days past due 478,371 15,369 642,859 52,972
More than 90 days past due 653,065 112,795 211,253 126,657
Subtotal 3,393,732 397,554 3,060,734 1,161,518
Total 37,026,738 7,474,967 36,238,032 7,051,536
(*)The Company does not consider the credit risk of non-trade receivables that are overdue for less than or equal to 31 days has been
significantly increased.
(D) The maximum exposure to current credit risk is equivalent to the carrying amount of receivables as of December 31, 2023. The
Company has entered into insurance contracts with insurers for its major receivables.
8. Inventories
Inventories as of December 31, 2023 and 2022 are as follows:

Gross Valuation Carrying Gross Valuation Carrying
amount allowance amount amount allowance amount
Finished goods 16,120,367 (1,567,353) 14,553,014 17,526,178 (1,493,952) 16,032,226
Work in process 26,501,664 (4,303,216) 22,198,448 21,612,965 (1,535,446) 20,077,519
Raw materials and supplies 15,222,937 (1,525,583) 13,697,354 16,268,974 (1,289,694) 14,979,280
Materials in transit 1,177,058 - 1,177,058 1,098,841 - 1,098,841
Total 59,022,026 (7,396,152) 51,625,874 56,506,958 (4,319,092) 52,187,866
Inventories recognized as an expense for the year ended December 31, 2023 amount to W 177,539,372 million
(2022: W 186,396,549 million). The amount includes a loss on the valuation of inventories.

9. Investments in Associates and Joint Ventures
(A) Changes in investments in associates and joint ventures for the years ended December 31, 2023 and 2022 are as follows:

Acquisition 78,690 1,006,998
Disposal (33,464) (20,894)
Share of profit 887,550 1,090,643
Other(*) (59,201) (115,129)
(*) Other consists of dividends, (reversal of) impairment, and reclassification.
(B) Major investments in associates and joint ventures as of December 31, 2023 are as follows:
(1) Investments in associates
Principal
Percentage of business Fiscal
Investee Nature of relationship with associate ownership (%)(*1) location period-end
Samsung Electro- Manufacture and supply electronic components incl
uding passive components, circuit boards, and m 23.7 Korea December
Mechanics Co., Ltd. odules
Provide IT services including computer programmi

Samsung SDS Co., Ltd. ng, system integration and management and logi 22.6 Korea December
stical services
Samsung Biologics Co., Lt

Investment in new business 31.2 Korea December
d.
Manufacture and supply electronic parts including

Samsung SDI Co., Ltd.(*2) 19.6 Korea December
secondary cell batteries
Cheil Worldwide, Inc. Advertising agency 25.2 Korea December
(*1) Ownership represents the Company’s ownership of the ordinary shares issued by each entity.
(*2) The Company’s ownership of ordinary shares outstanding is 20.6%.
(2) Investments in joint ventures
Principal
Investee Nature of relationship with joint venture ownership (%)(*1) location period-end
Samsung Corning
Manufacture and supply industrial glass products 50.0 Korea December
Advanced Glass, LLC
(C) Details of investments in associates and joint ventures as of December 31, 2023 and 2022 are as follows:
(1) Investments in associates
(In millions of Korean won) December 31, 2023

Net asset value of
Investee Acquisition cost equity shares(*) Carrying amount
Samsung Electro-Mechanics Co., Ltd. 359,237 1,837,925 1,841,393

Samsung SDS Co., Ltd. 147,963 1,955,699 1,966,206
Samsung Biologics Co., Ltd. 1,424,358 3,068,636 3,073,595
Samsung SDI Co., Ltd. 1,242,605 3,726,675 2,912,564
Cheil Worldwide, Inc. 506,162 368,875 669,363
Other 690,481 844,645 1,093,799
Total 4,370,806 11,802,455 11,556,920
(*)\ The Company’s portion of net asset value of associates is based on the Company’s percentage of ownership.

Net asset value of
Investee Acquisition cost equity shares(*) Carrying amount
Samsung Electro-Mechanics Co., Ltd. 359,237 1,765,507 1,764,249

Samsung SDS Co., Ltd. 147,963 1,857,481 1,870,338
Cheil Worldwide, Inc. 506,162 347,510 649,161
Other 645,255 718,801 907,333
Total 4,325,580 10,812,721 10,690,977
(*) The Company’s portion of net asset value of associates is based on the Company’s percentage of ownership.
(2) Investments in joint ventures

Net asset value of
Investee Acquisition cost equity shares (*) Carrying amount
Samsung Corning Advanced Glass LLC 215,000 138,939 138,938
Other 259,994 72,215 71,586
Total 474,994 211,154 210,524
(*) The Company’s portion of net asset value of joint ventures is based on the Company’s percentage of ownership.

Net asset value of
Investee Acquisition cost equity shares (*) Carrying amount
Samsung Corning Advanced Glass LLC 215,000 137,727 137,745
Other 259,994 67,632 65,147
Total 474,994 205,359 202,892
(*) The Company’s portion of net asset value of joint ventures is based on the Company’s percentage of ownership.

(D) Details of the changes in investments in associates and joint ventures using the equity method are as follows:
(1) For the year ended December 31, 2023
Share of other
Balance as of comprehensive Balance as of
(In millions of Korean won) January 1 Share of profit income (loss) Other(*) December 31
Samsung Electro-Mechanics Co., Ltd. 1,764,249 106,455 7,844 (37,155) 1,841,393

Samsung SDS Co., Ltd. 1,870,338 154,282 (2,503) (55,911) 1,966,206
Samsung Biologics Co., Ltd. 2,808,673 267,614 (2,692) - 3,073,595
Samsung SDI Co., Ltd. 2,691,223 214,702 20,506 (13,867) 2,912,564
Cheil Worldwide, Inc. 649,161 53,690 (94) (33,394) 669,363
Samsung Corning Advanced Glass LLC 137,745 1,336 (124) (19) 138,938
Other 972,480 89,471 52,175 51,259 1,165,385
Total 10,893,869 887,550 75,112 (89,087) 11,767,444

(*)
Other consists of acquisitions, disposals, dividends, impairment and reclassification.
Share of other
Balance as of comprehensive Balance as of
(In millions of Korean won) January 1 Share of profit income (loss) Other(*) December 31
Samsung Electro-Mechanics Co., Ltd. 1,556,386 242,139 2,880 (37,156) 1,764,249

Samsung SDS Co., Ltd. 1,652,155 241,962 18,154 (41,933) 1,870,338
Samsung Biologics Co., Ltd. 1,577,664 250,028 (183) 981,164 2,808,673
Samsung SDI Co., Ltd. 2,529,650 194,242 (19,207) (13,462) 2,691,223
Cheil Worldwide, Inc. 621,292 55,476 1,140 (28,747) 649,161
Samsung Corning Advanced Glass LLC 135,580 1,999 144 22 137,745
Other 859,524 104,797 (53,438) 61,597 972,480
Total 8,932,251 1,090,643 (50,510) 921,485 10,893,869
(*)
Other consists of acquisitions, disposals, dividends, impairment, and reclassification.

(E) Summary of the condensed financial information of major associates and joint ventures
(1) Summary of condensed financial information of major associates and dividends received from associates as of December 31,
2023 and 2022, and for the years ended December 31, 2023 and 2022 are as follows:
2023
Samsung Ele
ctro- Samsung Bio
Mechanics C Samsung SD logics Co., Lt Samsung SD Cheil World
(In millions of Korean won) o., Ltd. S Co., Ltd. d. I Co., Ltd. wide, Inc.
1. Condensed financial information

Condensed statements of financial position:
Current assets 5,208,418 8,160,300 5,521,988 9,187,029 2,372,420
Non-current assets 6,449,453 4,160,724 10,524,209 24,851,831 517,085
Current liabilities 2,900,460 2,391,861 4,157,861 8,518,933 1,375,034
Non-current liabilities 727,087 953,592 2,057,844 5,612,677 216,707
Non-controlling interests 182,613 317,562 - 1,395,877 11,206
Condensed statements of comprehensive income:
Revenue 8,909,348 13,276,844 3,694,589 22,708,300 4,138,275
Profit from continuing operations, net of tax
(*1) 430,839 693,422 857,691 2,009,207 187,302
Profit (loss) from discontinued operations, net of
(7,883) - - - -
tax (*1)
Other comprehensive income (loss) (*1) 45,054 (11,085) (11,673) 85,394 3,685
Total comprehensive income(*1) 468,010 682,337 846,018 2,094,601 190,987
2. Reconciliation to the carrying amount of investments in associates

Net assets (a) 7,847,711 8,658,009 9,830,492 18,511,373 1,286,558
Ownership percentage (b) (*2) 23.4% 22.6% 31.2% 20.1% 28.7%
Net assets of equity shares (a x b) 1,837,925 1,955,699 3,068,636 3,726,675 368,875
Goodwill 7,081 26,801 3,645 - 298,779
Intercompany transactions and other(*3) (3,613) (16,294) 1,314 (814,111) 1,709
Carrying amount of associates 1,841,393 1,966,206 3,073,595 2,912,564 669,363
3. Dividends from associates

Dividends 37,155 55,911 - 13,867 33,394
(*1) Profit (loss) attributable to owners of the investee
(*2) Ownership percentage includes ordinary and preference shares.
(*3) Consists of uSnrealized gains and losses and other differences.

2022
Samsung Elec
tro-
Mechanics Co Samsung SDS C Samsung Biologics Samsung SDI C Cheil Worldwi
., Ltd. o., Ltd. Co., Ltd. o., Ltd. de, Inc.

Condensed statements of financial
position:
Current assets 4,888,319 8,005,764 6,457,657 9,651,702 2,193,979
Non-controlling interests 154,991 243,777 - 731,779 9,388
Revenue 9,441,276 17,234,750 3,001,295 20,124,070 4,253,367
Profit from continuing operations, ne
1,009,739 1,099,745 798,056 1,952,149 193,732
t of tax (*1)
Profit (loss) from discontinued operati
(29,187) - - - -
ons, net of tax (*1)
Other comprehensive income (loss)
(*1) (2,215) 80,368 6,995 (139,877) (1,122)
Total comprehensive income(*1) 978,337 1,180,113 805,051 1,812,272 192,610
2. Reconciliation to the carrying amount of investments in associates

Net assets (a) 7,538,494 8,223,192 8,984,475 16,485,723 1,212,041
Ownership percentage (b) (*2) 23.4% 22.6% 31.2% 20.1% 28.7%
Net assets of equity shares (a x b) 1,765,507 1,857,481 2,804,547 3,318,875 347,510
Goodwill 7,081 26,801 3,645 - 298,779
Intercompany transactions and other(*3) (8,339) (13,944) 481 (627,652) 2,872
Carrying amount of associates 1,764,249 1,870,338 2,808,673 2,691,223 649,161
3. Dividends from associates
Dividends 37,155 41,933 - 13,463 28,748
(*1) Profit (loss) attributable to owners of the investee.
(*2) Ownership percentage includes ordinary and preference shares.
(*3) Consists of unrealized gains and losses and other differences.

(2) Summary of condensed financial information of major joint ventures and dividends received from joint ventures as of
December 31, 2023 and 2022, and for the years ended December 31, 2023 and 2022 are as follows:
Samsung Corning Advanced Glass, LLC


Condensed statements of financial position:
Current assets 116,372 170,103
Non-current assets 185,100 125,507
Current liabilities 22,684 19,794
Non-current liabilities 911 363
Revenue 122,446 133,634
Profit from continuing operations, net of tax(*1) 2,672 3,998
Other comprehensive income (loss) (*1) - 288
Total comprehensive income(*1) 2,672 4,286
2. Reconciliation to the carrying amount of investments in joint ventures
Net assets (a) 277,877 275,453
Ownership percentage (b) 50.0% 50.0%
Net assets of equity shares (a x b) 138,939 137,727
Intercompany transactions and other(*2) (1) 18
Carrying amount of joint ventures 138,938 137,745
3. Dividends from joint ventures
Dividends - -
(*1) Profit (loss) attributable to owners of the parent company.
(*2)
Consists of unrealized gains and losses and other differences.
(3) Profit (loss) attributable to owners of the parent company from associates and joint ventures which are not individually
material for the years ended December 31, 2023 and 2022 are as follows:
2023 2022
(In millions of Korean won) Associates Joint ventures Associates Joint ventures
Profit from continuing operations 87,072 2,399 102,930 1,867

Other comprehensive income (loss) 50,260 1,915 (50,761) (2,677)
Total comprehensive income (loss) 137,332 4,314 52,169 (810)

(F) Fair value of marketable investments in associates as of December 31, 2023 and 2022 is as follows:

(In millions of Korean won
and number of shares) Number of shares held Market value Market value
Samsung Electro-Mechanics Co., Ltd. 17,693,084 2,710,580 2,308,947

Samsung SDS Co., Ltd. 17,472,110 2,970,259 2,149,070
Cheil Worldwide, Inc. 29,038,075 552,595 669,328
(G) Other matters
On July 12, 2018, the Korea Securities and Futures Commission determined an initial measure following an investigation relating to
Samsung Biologics Co., Ltd., an associate of the Company, and its accounting for its investment in Samsung Bioepis Co., Ltd, a
joint venture between Biogen Therapeutics Inc. and Samsung Biologics Co., Ltd. This measure included a recommendation to
dismiss the director in charge, prosecution charges, and external auditor designation by the regulator, on the basis that the Joint
Venture Agreement was not disclosed in the notes to the financial statements. On November 14, 2018, the Korea Securities and
Futures Commission determined a second measure which included a penalty of W 8,000 million, a recommendation to dismiss the
CEO, a requirement to restate its financial statements, and further prosecution charges.
To prove justification of its accounting treatment, Samsung Biologics Co., Ltd. filed a suit for cancellation of the aforementioned
measures to the Seoul Administrative Court, which is currently in progress. On September 24, 2021, the Seoul Administrative Court
announced a decision to cancel the first measure charged by the Korea Securities and Futures Commission, and suspended its
execution until the final rulings of the appeal. On October 16, 2021, the Korea Securities and Futures Commission appealed and the
litigation is in progress at Seoul High Court. Samsung Biologics Co., Ltd. also filed for suspending the execution of the initial and
second measures. On January 22, 2019 and February 19, 2019, the Seoul Administrative Court pronounced decisions to suspend the
second and initial measure, respectively, until the final rulings. The Korea Securities and Futures Commission immediately appealed
against the decisions but the appeals were dismissed by the Seoul High Court on May 13, 2019 and May 24, 2019, in relation to the
second and first measures, respectively. On May 23, 2019 and June 10, 2019, the Korea Securities and Futures Commission re-
appealed against the dismissals relating to the second and first measures, respectively. On September 6, 2019 and October 11, 2019,
the Supreme Court of Korea dismissed the Korea Securities and Futures Commission’s re-appeal relating to the second and first
measures, respectively, and confirmed the decision to suspend the execution of these measures.
Although the future outcome of the administrative litigation cannot be estimated, should Samsung Biologics Co., Ltd. be required to
restate its financial statements to amend its historical accounting treatment relating to its investment in Samsung Bioepis Co., Ltd.,
the Company’s share of profit or loss relating to its equity method investment, the amount of investment in associates, and retained
earnings, for the years ended December 31, 2015 and onwards, and the profit on disposal of investment for the year ended December
31, 2016, may be impacted. Given the timing of completion and the final result of the administrative litigation between Samsung
Biologics Co., Ltd. and the Korea Securities and Futures Commission is uncertain and cannot currently be estimated, it is not possible
for the Company to recognize the effects of these proceedings in the current period consolidated financial statements.

10. Property, Plant and Equipment
(A) Changes in property, plant and equipment for the years ended December 31, 2023 and 2022 are as follows:
2023
Buildings and Machinery Construction in
(In millions of Korean won) Land structures and equipment progress Other Total
Balance as of January 1 9,892,167 40,706,918 79,714,631 33,607,564 4,124,108 168,045,388

Acquisition cost 10,024,569 67,713,808 303,000,627 33,607,564 13,248,490 427,595,058
Accumulated depreciation and
impairment (132,402) (27,006,890) (223,285,996) - (9,124,382) (259,549,670)
Acquisitions and capital
expenditures(*1) 172,262 6,498,611 33,641,691 13,141,766 1,462,032 54,916,362
Acquisitions through business
combinations - 18,125 20,140 34,698 165 73,128
Depreciation (49,367) (3,884,333) (30,031,617) - (1,567,094) (35,532,411)
Disposals/scrap (25,934) (181,700) (37,681) (256) (30,547) (276,118)
Impairment (reversal) - (30,864) (47,044) - (7,449) (85,357)
Reclassify as held-for-sale (6,615) (54,318) (37,101) (6,255) (14,100) (118,389)
Other(*2) 16,864 165,676 86,149 (57,189) 22,159 233,659
Balance as of December 31 9,999,377 43,238,115 83,309,168 46,720,328 3,989,274 187,256,262
Accumulated depreciation
and impairment (158,586) (30,451,836) (245,252,324) - (10,069,380) (285,932,126)
Acquisition cost and capital expenditures include amounts reclassified from constructions in progress. Capitalized borrowing costs amount to
(*1) W
204,814 million and the capitalization interest rate used to calculate the capitalized borrowing costs ranged from 3.9%~5.8%.
(*2) Other includes effects of changes in foreign currency exchange rates.
2022
Buildings and Machinery Construction in
(In millions of Korean won) Land structures and equipment progress Other Total

Accumulated depreciation and
impairment (113,416) (23,782,019) (195,383,274) - (8,264,746) (227,543,455)
expenditures(*1) 138,925 5,302,095 31,010,080 16,675,741 2,100,119 55,226,960
Depreciation (49,516) (3,533,917) (30,761,685) - (1,606,980) (35,952,098)
Disposals, scrap (57,596) (127,935) (35,098) (193) (34,208) (255,030)
Impairment (reversal) - (2,255) (11,815) - (12,323) (26,393)
Other2 30,200 199,490 (13,148) (1,077,308) (15,824) (876,590)
and impairment (132,402) (27,006,890) (223,285,996) - (9,124,382) (259,549,670)
Acquisition cost and capital expenditures include amounts reclassified from constructions in progress. Capitalized borrowing costs amount to
(*1) W
41,634 million and the capitalization interest rate used to calculate the capitalized borrowing costs ranged from 2.1~4.1%.
(*2) Other includes effects of changes in foreign currency exchange rates and effects of the deduction of government grants.
(B) Changes in the right-of-use assets included in the property, plant and equipment for the years ended December 31, 2023 and
2022 are as follows:
2023
Buildings and Machinery
(In millions of Korean won) Land structures and equipment Other Total
Balance as of January 1 503,203 3,451,596 175,151 787,659 4,917,609

Acquisition 38,677 1,594,886 10,058 158,842 1,802,463
Depreciation (49,367) (871,275) (47,174) (147,178) (1,114,994)
Cancellation of contracts (12,461) (174,426) (279) (6,904) (194,070)
Reclassify as held-for-sale (4,305) (17) - (414) (4,736)
Other(*) 5,863 33,288 (182) 3,791 42,760
Balance as of December 31 481,610 4,034,052 137,574 795,796 5,449,032
(*) Other includes effects of changes in foreign currency exchange rates.
2022
Balance as of January 1 525,954 2,841,970 191,059 391,584 3,950,567

Acquisition 32,632 1,542,889 29,098 507,041 2,111,660
Depreciation (49,516) (823,543) (58,000) (116,287) (1,047,346)
Cancellation of contracts (13,741) (111,145) (263) (4,220) (129,369)
Other(*) 7,874 1,425 13,257 9,541 32,097
(C) Details of depreciation of property, plant and equipment for the years ended December 31, 2023 and 2022 are as follows:

Cost of sales 31,647,926 32,285,800
Selling and administrative expenses and other 3,884,485 3,666,298
Total 35,532,411 35,952,098

11. Intangible Assets
(A) Changes in intangible assets for the years ended December 31, 2023 and 2022 are as follows:
2023
Intellectual Development
(In millions of Korean won) property rights cost Membership Goodwill Other Total
Balance as of January 1 4,278,750 85,018 253,554 6,014,422 9,586,010 20,217,754

External acquisitions 401,561 - 6,251 - 4,608,488 5,016,300
Acquisition through business
3,944 - - 315,136 37,758 356,838
combinations
Amortization (276,781) (85,018) - - (2,772,349) (3,134,148)
Disposals/scrap (41,492) - (8,656) - (44) (50,192)
Impairment(reversal) (6,265) - 3,738 - (2,900) (5,427)
Reclassify as held-for-sale (2) - - (58,455) (4,405) (62,862)
Other(*) 64,851 - 1,972 186,516 150,260 403,599
Balance as of December 31 4,424,566 - 256,859 6,457,619 11,602,818 22,741,862
(*) Other includes the cumulative effect of changes in foreign currency exchange rates and others.
2022
(In millions of Korean won) property rights cost Membership Goodwill Other Total
Balance as of January 1 4,153,236 236,910 241,219 5,844,259 9,760,620 20,236,244

External acquisitions 299,484 - 8,905 - 2,375,986 2,684,375
Amortization (268,070) (151,892) - - (2,735,599) (3,155,561)
Disposals/scrap (50,979) - (417) - (402) (51,798)
Impairment(reversal) - - (509) - (5,753) (6,262)
Other(*) 145,079 - 4,356 170,163 191,158 510,756
Balance as of December 31 4,278,750 85,018 253,554 6,014,422 9,586,010 20,217,754
(*) Other includes the cumulative effect of changes in foreign currency exchange rates and others.

(B) Goodwill
Goodwill is allocated to each cash-generating unit. Details of goodwill as of December 31, 2023 and 2022 are as follows:
DX 1,256,815 1,249,290
DS 164,607 159,359
SDC 343,967 138,754
Harman 4,691,440 4,466,339
Other 790 680
Total 6,457,619 6,014,422
The Company tests goodwill for impairment annually and the recoverable amount of each cash-generating units is determined based
on value-in-use calculations. The value-in-use calculation is based on estimates of pre-tax cash flows based on financial budgets
approved by management for the next five years (or longer if the medium and long-term plans are reasonable, such as in new
technology business). A constant growth rate assumption (but not exceeding the industry average growth rate) has been used to
calculate the perpetual cash flows for periods beyond the fiver-year period.
(C) Details of amortization of intangible assets for the years ended December 31, 2023 and 2022 are as follows:
Cost of sales 2,197,662 2,211,481

Selling and administrative expenses and other 936,486 944,080
Total 3,134,148 3,155,561

12. Borrowings
(A) Details of the carrying amounts of borrowings as of December 31, 2023 and 2022 are as follows:
Interest rates (%)

(In millions of Korean won) Financial institutions as of Dec 31, 2023 December 31, 2023 December 31, 2022
Short-term borrowings
Collateralized borrowings(*1) Woori Bank and others 0.0~17.3 6,610,049 3,569,357
Non-collateralized borrowings Citibank and others 0.0~62.2 504,552 1,577,958
Total 7,114,601 5,147,315
Current portion of long-term borrowings

Bank borrowings BNP and others 36.1~61.5 304,082 208,915
Lease liabilities(*2) CSSD and others 4.3 998,439 874,019
Total 1,302,521 1,082,934
Long-term borrowings
Bank borrowings - - - 33,846
Lease liabilities(*2) CSSD and others 4.3 3,724,850 3,526,826
Total 3,724,850 3,560,672
(*1) Collateralized borrowings are secured by trade receivables.
(*2) Interest expenses arising from the lease liabilities for the years ended December 31, 2023 and 2022 amount to W 197,202 million and
W 140,111 million, respectively, which were determined using the weighted average incremental borrowing rate. Short-term lease payments and
low-valued asset lease payments that are not included in lease liabilities during the years ended December 31, 2023 and 2022 amount to W 158,395
million and W 211,283 million, respectively.
(B) Maturities of lease liabilities outstanding as of December 31, 2023 are as follows:
(In millions of Korean won) Lease liabilities

Repayment in
2024 1,171,751
2025 965,266
2026 821,551
2027 625,811
2028 and thereafter 1,822,019
Total 5,406,398

13. Debentures
(A) Details of the carrying amounts of debentures as of December 31, 2023 and 2022 are as follows:
(In millions of Korean wo Interest rate (%)

n) Issue date Due date as of Dec 31, 2023 December 31, 2023 December 31, 2022
US dollar denominated strai 25,788 31,683
Oct. 2, 1997 Oct. 1, 2027 7.7
ght bonds(*1) (US $ 20 million) (US $ 25 million)
US dollar denominated debent 515,760 506,920
May 11, 2015 May 15, 2025 4.2
ure bonds(*2) (US $ 400 million) (US $ 400 million)
Less: Discounts (370) (543)
Add: Premium 2,794 4,261
Less: Current portion (6,354) (6,228)
Total 537,618 536,093

(*1)
US dollar denominated straight bonds are repaid annually for twenty years after a ten-year grace period from the date of issuance.
Interest is paid semi-annually in arrears.
(*2) Harman International Industries, Inc. issued US dollar denominated debenture bonds. These debentures are repaid on the maturity and
interest is paid semi-annually in arrears.
(B) Repayment schedule of debentures outstanding as of December 31, 2023 are as follows:
(In millions of Korean won) Debentures

Repayment in
2024 6,447
2025 522,207
2026 6,447
2027 6,447
Total 541,548

14. Net Defined Benefit Liabilities (Assets)
(A) Details of net defined benefit liabilities (assets) recognized in the statements of financial position as of December 31, 2023 and
Present value of funded defined benefit obligations 15,403,976 13,639,460

Present value of unfunded defined benefit obligations 319,689 370,848
Subtotal 15,723,665 14,010,308
Fair value of plan assets (20,172,327) (19,593,910)
Total (4,448,662) (5,583,602)
(B) The components of defined benefit costs recognized in profit or loss for the years ended December 31, 2023 and 2022 are as
follows:
Current service cost 1,294,308 1,365,600

Net interest income (354,220) (99,356)
Past service cost 4,839 (253)
Other 9,491 28,713
Total 954,418 1,294,704
The amount recognized as expenses of defined contribution plans for the years ended December 31, 2023 and 2022 are
W 203,004 million and W 145,395 million, respectively.
(C) The expenses related to the defined benefit plans recognized in the statements of profit or loss for the years ended
Cost of sales 378,104 514,589

Total 954,418 1,294,704

(D) Changes in the defined benefit obligations for the years ended December 31, 2023 and 2022 are as follows:

Current service cost 1,294,308 1,365,600
Interest cost 805,084 528,884
Past service cost 4,839 (253)
Remeasurement:
Actuarial gains or losses arising from changes in demographic assumptions 62,291 34,917
Actuarial gains or losses arising from changes in financial assumptions 266,505 (2,496,879)
Other 123,165 521,452
Benefits paid (846,457) (630,019)
Other(*) 3,622 28,421
(*) Other includes effects of changes in foreign currency exchange rates and reclassifications as held for sales.
(E) Changes in the fair value of plan assets for the years ended December 31, 2023 and 2022 are as follows:

Interest income on plan assets 1,159,304 628,240
Remeasurement of plan assets (654,005) (312,565)
Contributions by employer 746,068 2,741,417
Benefits paid (687,125) (498,246)
Other(*) 14,175 33,173
(*) Other includes effects of changes in foreign currency exchange rates and reclassifications as held for sales.
The reasonable estimate of the employer contributions expected to be paid in 2024 in respect of the defined benefit plans as of
December 31, 2023 is W 1,757,413 million.
(F) Plan assets as of December 31, 2023 and 2022 consist of the following:
Principal guaranteed fixed income financial instruments and other 18,178,623 18,766,006
Other 1,993,704 827,904
Total 20,172,327 19,593,910
Plan assets are mostly invested in instruments which have a quoted price in active markets.

(G) The principal actuarial assumptions as of December 31, 2023 and 2022 are as follows:
(In percentage) December 31, 2023 December 31, 2022
Discount rate 3.9~5.9 4.3~6.4

Salary growth rate (including the effects of inflation) 3.0~6.3 2.0~6.4
(H) The sensitivity analysis of the defined benefit obligations as of December 31, 2023 and 2022 to changes in the principal
assumptions is as follows:
Defined benefit obligations
Discount rate
1% p increase 14,291,442 12,920,156
1% p decrease 17,385,125 15,268,164
Salary growth rate
1% p increase 17,365,127 15,261,609
1% p decrease 14,280,988 12,900,865
(I) The weighted average maturity of the defined benefit obligations is 9.84 years as of December 31, 2023.
15. Provisions
Changes in provisions for the year ended December 31, 2023 are as follows:
Royalty Long-term Other

(In millions of Korean won) Warranty (A) expenses (B) incentives (C) (D, E) Total
Balance as of January 1 2,309,726 1,546,606 783,263 3,133,830 7,773,425

Charged to profit or loss 2,456,609 595,307 468,745 2,012,062 5,532,723
Payment (2,279,281) (299,250) (261,622) (1,125,666) (3,965,819)
Other(*) 53,158 (4,611) 3,365 11,085 62,997
Balance as of December 31 2,540,212 1,838,052 993,751 4,031,311 9,403,326
(A) The Company accrues warranty provisions for estimated costs of quality assurance, exchanges, repairs, recalls, and future
services based on historical experience and terms of warranty programs.
(B) The Company recognizes provisions for the estimated royalty expenses that are under negotiation with counterparties. The
timing and amount of payment depend on the settlement of the negotiation.
(C) The Company has a long-term incentive plan for its executives based on a three-year management performance criteria and
recognizes a provision for the estimated incentive cost.
(D) The Company records provisions for estimated losses from contracts associated with discontinued products.
(E) The Company makes provisions for the emission in excess of the emission rights held by the Company. Details of emission
rights and liabilities as of December 31, 2023 are as follows:

(1) The amount of emission rights allocated free of charge in the current commitment period and the estimated amount of
emission as of December 31, 2023 are as follows:
(In million metric tons) December 31, 2023

Emission rights allocated free of charge(*) 18.06
Estimated volume of emission 17.66
(*)As of December 31, 2023, emission rights allocated free of charge for the remainder of the plan period are 32.60 million metric tons
(2024: 16.30 million metric tons, 2025: 16.30 million metric tons).
(2) Changes in the emission rights for the year ended December 31, 2023 and 2022 are as follows:

Balance as of January 1 19,567 46,073
Increase 1,272 1,872
Utilization (17,702) (28,378)
Balance as of December 31(*) 3,137 19,567
(*) The quantity of emission rights is 56.25 million metric tons and there is no emission rights provided as provision of collateral
as of December 31, 2023.
(3) Changes in emissions liabilities for the year ended December 31, 2023 and 2022 are as follows:

Charged to profit or loss (15,210) 16,167
Utilization (17,491) (28,378)
Balance as of December 31 137 32,838
16. Commitments and Contingencies
(A) Litigation
As of December 31, 2023, the Company is involved in various claims, disputes, and investigations conducted by regulatory bodies
that arose during the normal course of business with numerous entities. Although the outflow of resources and timing of these matters
are uncertain, the Company believes the outcome will not have a material impact on the financial position of the Company.
(B) Other commitments

(1) As of December 31, 2023, the Company has trade financing agreements, trade notes receivable discounting facilities, and
loan facilities secured by accounts receivable with 28 financial institutions, including Woori Bank, with a combined limit of
W 21,762,600 million. In addition, the Company has a trade financing agreement with 23 financial institutions, including
Shinhan Bank, with a limit of W 15,958,875 million, and loan facilities secured by trade receivables with 13 banks, including
Woori Bank, with a limit of W 2,149,320 million.
(2) As of December 31, 2023, contractual commitments for the acquisition of property, plant and equipment and intangible
assets amount to W 9,783,549 million.

17. Contract Liabilities
The Company has recognized contract liabilities related to contracts with customers as follows:
Contract liabilities(*) 13,327,724 13,255,682
(*) Contract liabilities include advances received, accrued expenses, other current liabilities and others.
The revenue recognized for the year ended December 31, 2023 in relation to the contract liabilities carried forward as of January 1,
2023 amounts to W 1,156,619 million.
18. Share Capital
As of December 31, 2023, the parent company’s total number of authorized shares is 25,000,000,000 shares (W 100 per share). As
well as its ordinary shares, the parent company also has non-cumulative preference shares that are eligible for an additional 1% cash
dividend over par value per annum compared to ordinary shares, but without voting rights. The parent company has issued
5,969,782,550 shares of ordinary shares and 822,886,700 shares of preference shares as of December 31, 2023, excluding the number
of retired shares. As of the December 31, 2023, the number of shares outstanding is the same as the number of shares aforementioned
with no changes during the years ended December 31, 2023 and 2022. Due to the retirement of shares, the total par value of the shares
issued which excludes the number of retired shares is W 679,267 million (ordinary shares of W 596,978 million and preference shares
of W 82,289 million), which does not agree with paid-in capital of W 897,514 million.

19. Retained Earnings
(A) Retained earnings as of December 31, 2023 and 2022 consist of the following:
Discretionary reserve and other 208,198,003 192,294,496

Unappropriated retained earnings 138,454,235 145,651,911
Total 346,652,238 337,946,407
(B) Details of interim and year-end dividends are as follows:

(1) Interim dividends (Record date: March 31, June 30 and September 30, 2023 and 2022)
(In millions of Korean won and number of shares) 2023 2022

Ordinary shares 5,969,782,550 5,969,782,550
Number of shares eligible for dividends
Preference shares 822,886,700 822,886,700
Dividend rate (based on par value) Ordinary/Preference 361% 361%
1st Quarter
Ordinary shares 2,155,092 2,155,092
Dividend amount Preference shares 297,062 297,062
Total 2,452,154 2,452,154
Ordinary shares 5,969,782,550 5,969,782,550
Ordinary/Preference
Dividend rate (based on par value) 361% 361%
2nd Quarter
Total 2,452,154 2,452,154
Ordinary shares 5,969,782,550 5,969,782,550
Ordinary/Preference
Dividend rate (based on par value) 361% 361%
3rd Quarter
Total 2,452,154 2,452,154
(2) Year-end dividends (Record date: December 31, 2023 and 2022)

Ordinary shares 5,969,782,550 5,969,782,550
Ordinary shares 361% 361%
Dividend rate (based on par value)
Preference shares 362% 362%
Total 2,452,976 2,452,976

20. Other Components of Equity
Other components of equity as of December 31, 2023 and 2022 are as follows:
Gain on valuation of financial assets at fair value through other comprehensive income 194,419 2,749,109
Share of other comprehensive income of associates and joint ventures 185,144 114,987
Foreign currency translation differences for foreign operations 3,651,112 1,039,197
Remeasurement of net defined benefit assets (2,849,526) (2,051,610)
Other 98,981 86,645
Total 1,280,130 1,938,328
21. Expenses by Nature
Expenses by nature for the years ended December 31, 2023 and 2022 are as follows:
Changes in finished goods, work in process, and other (644,905) (10,355,548)

Raw materials used, merchandise purchased, and other 96,219,181 112,591,917
Wages and salaries 30,405,245 30,078,623
Post-employment benefit 1,157,422 1,440,099
Depreciation 35,532,411 35,952,098
Amortization 3,134,148 3,155,561
Welfare 6,472,979 6,091,626
Utilities 7,502,408 6,142,317
Outsourcing 7,058,833 6,597,467
Advertising 5,213,896 6,112,951
Sales promotion 6,894,395 7,110,649
Other 53,422,505 53,936,970
Total(*) 252,368,518 258,854,730
(*) Equal to the sum of cost of sales and selling and administrative expenses in the consolidated statements of profit or loss.

22. Selling and Administrative Expenses
Selling and administrative expenses for the years ended December 31, 2023 and 2022 are as follows:
Selling and administrative expenses

Post-employment benefit 299,369 330,115
Commissions 8,753,442 7,457,896
Depreciation 1,649,335 1,574,757
Amortization 688,786 664,346
Advertising 5,213,896 6,112,951
Transportation 1,721,614 3,214,301
Service 3,968,816 3,671,913
Other 6,125,999 5,993,246
Subtotal 43,640,214 43,893,762
Research and development expenses
Research and development 28,339,724 24,919,198
Total 71,979,938 68,812,960
23. Other Non-Operating Income and Expenses
Details of other non-operating income and expenses for the years ended December 31, 2023 and 2022 are as follows:
Other non-operating income

Dividend income 164,203 414,601
Rental income 150,273 140,908
Gain on disposal of property, plant and equipment 104,663 159,123
Other 761,309 1,247,439
Total 1,180,448 1,962,071
Other non-operating expenses

Loss on disposal of property, plant and equipment 85,799 61,256
Donations 243,377 305,941
Other 754,151 1,422,979
Total 1,083,327 1,790,176

24. Financial Income and Expenses
Details of financial income and expenses for the years ended December 31, 2023 and 2022 are as follows:
Financial income
Interest income 4,358,022 2,720,479
Financial assets measured at amortized cost 4,357,792 2,720,213
Financial assets measured at fair value through profit or loss 230 266
Foreign exchange differences 10,608,661 16,537,855
Gain from derivatives 1,133,465 1,570,661
Total 16,100,148 20,828,995
Financial expenses
Interest expenses 930,253 763,015
Financial liabilities measured at amortized cost 510,865 322,529
Other financial liabilities 419,388 440,486
Loss from derivatives 1,004,219 1,454,971
Total 12,645,530 19,027,689
The Company recognizes foreign exchange gains and losses arising from foreign currency transactions and translation as
financial income and expenses.

25. Income Tax Expense
(A) Income tax expense for the years ended December 31, 2023 and 2022 consists of the following:
Current taxes
Current tax on profits for the year 5,660,505 7,391,099
Adjustments recognized in the current year (725,524) (501,683)
Subtotal 4,934,981 6,889,416
Deferred taxes
Changes in deferred taxes arising from unused tax credits (5,346,657) (1,080,068)
Changes in deferred taxes arising from temporary differences (3,061,001) (15,407,692)
Changes in deferred taxes arising from unused tax losses (1,041,996) 160,123
Other 33,838 224,618
Subtotal (9,415,816) (16,103,019)
Income tax expense (4,480,835) (9,213,603)
(B) The difference between the income tax expense on the Company’s profit before tax and the theoretical amount computed
using the weighted-average tax rate applicable to the profit before tax of each of the Company’ entities is as follows:
Profit before income tax 11,006,265 46,440,474

Tax calculated at weighted average of applicable tax rates(*) 1,901,195 13,652,900
Adjustments:
Permanent differences 219,374 (2,090,031)
Temporary differences for which no deferred income tax was recognized (12,588) 769,211
Tax credits and exemptions (6,706,820) (5,185,576)
Results of interest in subsidiaries, etc. (389,305) (16,186,745)
Impact of changes in tax rates (3,926) (376)
Other 511,235 (172,986)
Subtotal (6,382,030) (22,866,503)
Income tax expense (4,480,835) (9,213,603)
(*) The statutory tax rate is the weighted average of the statutory tax rates applicable to the Company’s year-end profits as of December 31, 2023
and 2022, which vary by tax jurisdictions.

(C) The movement in deferred income tax assets and liabilities for the years ended December 31, 2023 and 2022 are as follows:
2023 2022
Balance Balance Balance Balance
as of Increase as of as of Increase as of
(In millions of Korean won) January 1 (Decrease) December 31 January 1 (Decrease) December 31
Deferred tax arising from temporary differences

Revaluation of land (898,505) (182) (898,687) (936,822) 38,317 (898,505)
Investments in subsidiaries, associates
(4,960,247) 57,640 (4,902,607) (20,614,554) 15,654,307 (4,960,247)
and joint ventures(*1,2)
Accumulated depreciation and other (2,566,535) 682,845 (1,883,690) (1,771,793) (794,742) (2,566,535)
Accrued income 39,680 28,042 67,722 6,853 32,827 39,680
Provisions, accrued expenses, and other 5,219,130 1,923,486 7,142,616 4,560,874 658,256 5,219,130
Foreign currency translation 185,900 (12,997) 172,903 12,076 173,824 185,900
Asset impairment losses 234,734 1,011 235,745 258,886 (24,152) 234,734
Other (969,702) 381,157 (588,545) (638,757) (330,945) (969,702)
Subtotal (3,715,545) 3,061,002 (654,543) (19,123,237) 15,407,692 (3,715,545)
Deferred tax arising from tax losses
Unused tax losses 276,358 1,041,996 1,318,354 436,481 (160,123) 276,358
Deferred tax arising from unused tax credits
Unused tax credits 2,746,430 5,346,657 8,093,087 1,666,362 1,080,068 2,746,430
Deferred tax recognized in equity
Loss (gain) on valuation of financial assets at fair valu
e (50,392) (156,443) (206,835) (3,155,310) 3,104,918 (50,392)
through other comprehensive income and other
Remeasurement of net defined benefit assets 733,135 308,050 1,041,185 1,238,713 (505,578) 733,135
Subtotal 682,743 151,607 834,350 (1,916,597) 2,599,340 682,743
Net deferred tax assets (liabilities) (10,014) 9,601,262 9,591,248 (18,936,991) 18,926,997 (10,014)
Deferred tax assets 5,101,318 5,110,479 10,211,797 4,261,214 840,104 5,101,318
Deferred tax liabilities (5,111,332) 4,490,783 (620,549) (23,198,205) 18,086,873 (5,111,332)
(*) Deferred tax assets are not recognized if it is probable that the temporary differences will not reverse in the foreseeable future for investments
in subsidiaries, associates and joint ventures.
The Company assessed that it is probable that deferred tax asset will be realized to the extent that the Company’s expected average
annual taxable losses and tax credits that can be utilized in each accounting period. However, the following temporary differences
have not been recognized for tax purposes as it is not probable that they will be realized in the future as of December 31, 2023 and
Unused tax losses 597,176 594,798

Unused tax credits 118,694 46,550

Expected expiry dates of unused tax losses and credits for which no deferred tax asset is recognized are as follows:
(In millions of Korean won) 2023 2024 2025 2026 and after
Unused tax losses 37,899 741 - 558,536

Unused tax credits 7,163 - 110,450 1,081
(D) Details of the period when the deferred tax assets (liabilities) are expected to be recovered (settled) as of December 31, 2023
and 2022 are as follows:
Deferred tax assets

Deferred tax assets to be recovered within 12 months 9,392,311 3,249,661
Deferred tax assets to be recovered after 12 months 819,486 1,851,657
Subtotal 10,211,797 5,101,318
Deferred tax liabilities
Deferred tax liabilities to be settled after 12 months (620,549) (5,111,332)
Total 9,591,248 (10,014)
(E) Global minimum top-up tax
The global minimum top-up is a system under which multinational companies with consolidated revenue of €750 million
or more in at least two of the four preceding financial years are required to pay a substantial amount of tax to the tax
authorities of the country in which the parent company resides if their effective tax rate in those countries is less than 15%.
The Republic of Korea, where the parent company is domiciled, enacted the Global Minimum Tax Act in 2023, which
requires the application of the Global Minimum Tax for accounting periods beginning on or after January 1, 2024.
The Company believes that it will be subject to the Global Minimum Tax Act, but as the Global Minimum Tax Act will be
effective in the Republic of Korea from January 1, 2024, there is no impact on the Company's current income tax expense.
In addition, the Company has applied the temporary exemption for deferred taxes under Korean IFRS 1012 and has not
recognized any deferred tax assets or liabilities related to the global minimum tax law and has not disclosed any deferred
tax information.
As the legislation in the countries where the Company’s subsidiaries are located that are primarily affected by the global
minimum top-up tax legislation has not been enacted or specific legislation is in the process of being enacted, it is not
possible to reasonably estimate the impact on the Company as at December 31, 2023. Each of the Company’s subsidiaries
is reviewing the impact on its financial statements with tax experts in each country.

26. Earnings per Share
(A) Basic earnings per share
Basic earnings per share for the years ended December 31, 2023 and 2022 are calculated as follows:
(1) Ordinary shares
(In millions of Korean won, thousands of number of shares) 2023 2022
Profit for the year attributable to owners of the parent company 14,473,401 54,730,018
Profit for the year available for ordinary shares 12,719,321 48,099,117
Weighted-average number of ordinary shares outstanding 5,969,783 5,969,783
Basic earnings per ordinary share (in Korean won) 2,131 8,057
(2) Preference shares
Profit for the year attributable to owners of the parent company 14,473,401 54,730,018
Profit for the year available for preference shares 1,754,080 6,630,901
Weighted-average number of preference shares outstanding 822,887 822,887
Basic earnings per preference share (in Korean won) 2,132 8,058
(B) Diluted earnings per share
The Company does not have dilutive potential ordinary shares and as a result, basic earnings per share and diluted earnings
per share are the same for the years ended December 31, 2023 and 2022.

27. Statements of Cash Flows
(A) The Company used the indirect method to present cash flows from operating activities. Adjustments and changes in
assets and liabilities arising from operating activities for the years ended December 31, 2023 and 2022 are as follows:
- Adjustments
Adjustments:
Income tax income (4,480,835) (9,213,603)
Financial income (6,156,093) (5,778,279)
Financial expenses 3,076,837 4,336,254
Post-employment benefits 1,157,422 1,440,099
Depreciation 35,532,411 35,952,098
Amortization 3,134,148 3,155,561
Bad debt expense 62,964 8,784
Dividend income (164,203) (414,601)
Share of profit of associates and joint ventures (887,550) (1,090,643)
Gain on disposal of property, plant and equipment (104,663) (159,123)
Loss on valuation of inventories and others 5,037,579 4,408,767
Others 225,718 366,869
Total 36,519,534 33,073,439
- Changes in assets and liabilities arising from operating activities

Changes in assets and liabilities :

Decrease (increase) in trade receivables (90,243) 7,856,258
Decrease (increase) in other receivables 325,894 (1,524,173)
Decrease (increase) in prepaid expenses (390,636) 3,506
Increase in inventories (3,206,615) (13,311,072)
Increase (decrease) in trade payables 318,432 (5,298,547)
Increase (decrease) in other payables 785,534 (1,443,409)
Increase in advances received 138,188 106,977
Increase (decrease) in withholdings (411,028) 25,392
Increase (decrease) in accrued expenses (3,704,020) 919,271
Increase (decrease) in provisions 1,566,904 (34,298)
Payment of post-employment benefits (938,691) (707,887)
Decrease (increase) in plan assets 100,384 (2,243,171)
Other 47,152 (1,347,795)
Total (5,458,745) (16,998,948)

(B) Significant non-cash investing and financing transactions for the years ended December 31, 2023 and 2022 are as follows:
Valuation of financial assets at fair value through other comprehensive income 1,548,022 (2,636,448)
Valuation of investments in associates and joint ventures 75,112 (50,510)
Reclassification of construction in progress to property, plant and equipment 39,749,735 36,047,916
New lease contracts established 1,802,463 2,111,660
Reclassification of current portion of debentures and long-term borrowings 1,308,875 1,089,162
(C) Changes in liabilities arising from financing activities for the years ended December 31, 2023 and 2022 are as follows:
(1) 2023
Cash flows from Non-cash transactions
As of
As of financing New lease December 31
(In millions of Korean won) January 1 activities contracts Other(*)
Short-term borrowings 5,147,315 2,145,400 - (178,114) 7,114,601

Debentures and long-term borrowings 5,185,927 (864,867) 1,497,058 (246,775) 5,571,343
Total 10,333,242 1,280,533 1,497,058 (424,889) 12,685,944
(*) Other includes accreted interest and effects of changes in foreign currency exchange rates.
(2) 2022
Non-cash transactions
As of Cash flows from New lease As of
(In millions of Korean won) January 1 financing activities contracts Other(*) December 31
Short-term borrowings 13,687,793 (8,339,149) - (201,329) 5,147,315

Debentures and long-term borrowings 4,704,356 (1,236,468) 2,111,660 (393,621) 5,185,927
Total 18,392,149 (9,575,617) 2,111,660 (594,950) 10,333,242
For the years ended December 31, 2023 and 2022, cash outflows from repayment of the principal of lease liabilities
(financial activities) amount to W 1,098,944 million and W 998,531 million, respectively, while cash outflows due to interest
expenses (operating activities) in relation to the lease liabilities amount to W 197,202 million and W 140,111 million,
respectively.
(D) The Company recorded cash inflows and outflows from short-term financial instruments with frequent transactions,
large gross amounts and short-term maturities, as well as from short-term borrowings on a net basis. As of December
31, 2023, most of the Company’s cash and cash equivalents consist mainly of bank deposits.
28. Financial Risk Management
The Company manages its financial risks with a focus on minimizing market risk, credit risk, liquidity risk and others arising from
its operating activities. To this end, the Company closely monitors and responds to each risk factor.
The Company establishes global financial management standards and manages the risks by periodically measuring customer’s and
counterparties’ financial risk, applying currency hedges, and reviewing cash flows.
The Company also manages foreign exchange risk by monitoring foreign exchange rate fluctuations through local financial centers
in the major regions (United States, United Kingdom, Singapore, China, Brazil, and Russia), which act as an agent for the subsidiaries
in each region to manage foreign exchange transactions. In addition, local finance centers in the major regions respond to liquidity
risk through a regionally integrated financial structure.
The Company’s financial assets subject to financial risk management consist of cash and cash equivalents, short-term financial
instruments, financial assets at amortized cost, trade receivables and others, while its financial liabilities consist of trade payables,
borrowings, and others.
(A) Market risk
(1) Foreign exchange risk
The Company is exposed to foreign exchange risk arising from its global operations through transactions in currencies other than its
functional currency. The main currencies in which the Company is exposed to foreign exchange risk are the US dollar and European
Euro.
The Company focuses on minimizing the impact of foreign exchange fluctuation by matching levels of assets and liabilities
denominated in each foreign currency. To minimize exchange position, the Company’s foreign exchange management policy
requires normal business transactions, including import and export, as well as financing transactions such as depositing and
borrowing, to be in local currency or match as closely as possible cash inflows and outflows incurred in the respective foreign
currencies. This reduces but does not eliminate the foreign exchange risk to which the Company is exposed. Moreover, the
Company periodically evaluates and monitors the foreign exchange risk to efficiently mitigate such risk, and the speculative foreign
exchange transactions are strictly prohibited.
As of December 31, 2023 and 2022, the impact on profit or loss (before tax) of a 5% change in exchange rates on the Company’s
financial assets and financial liabilities denominated in a major foreign currency other than the functional currency would be as
follows:

(In millions of Korean won) Increase Decrease Increase Decrease
USD 418,776 (418,776) 258,655 (258,655)

EUR 151,740 (151,740) 92,546 (92,546)

(2) Interest rate risk
Interest rate risk for floating interest rate financial instruments can be defined as the risk of changes in the fair value of components
of the statements of financial position due to changes in the market interest rates, and the risk of changes in the future cash flows
of interest income and expenses arising from investing and financing activities. The Company’s exposure to interest rate risk arises
primarily from interest-bearing deposits and floating interest rate debt obligations, and the Company manages its exposure to
interest rate risk to minimize uncertainty and cost of financing resulting from changes in interest rates.
As of December 31, 2023 and 2022, the effect on profit or loss before tax of a 1%p change in interest rates on the Company’s
variable rate financial assets and liabilities at the reporting date would have been as follows:

Financial assets 210,617 (210,617) 72,750 (72,750)

Financial liabilities (6,197) 6,197 (8,427) 8,427
Net effect 204,420 (204,420) 64,323 (64,323)
(3) Price risk
The Company’s investment portfolio consists of direct and indirect investments in equity instruments classified as financial assets
at fair value through other comprehensive income and financial assets at fair value through profit or loss, which is in line with the
Company’s strategy.
As of December 31, 2023 and 2022, price fluctuation of marketable equity securities (listed stocks) by 1% would result in changes
in other comprehensive income (before income tax) of W 52,510 million and W 92,073 million, respectively, and changes in profit
before tax of W 3,472 million and W 3,144 million, respectively.
(B) Credit risk
Credit risk arises during the normal course of transactions and investing activities where customers or other parties fail to discharge
an obligation. The Company monitors and sets the customer’s and counterparty’s credit limit on a periodic basis based on the
customer’s and counterparty’s financial conditions, default history and other factors. Adequate insurance coverage is maintained for
trade receivables related to trading partners situated in higher risk countries.
Credit risk can arise from transactions with financial institutions including financial instrument transactions such as cash and cash
equivalents, deposits, and derivative instruments. To minimize such risk, the Company has a policy of transacting only with banks
that have a strong international credit rating (S&P A and above), and new transactions with financial institutions which the Company
does not have an existing relationship are subject to the completion of risk assessments prior to commencement of transactions. The
Company generally enters into financial agreements without restrictions, such as debt ratio covenants, provision of collateral and/or
repayment of borrowings, and otherwise separate approvals are obtained.
The carrying amount of the Company’s financial assets net of impairment losses is the Company’s maximum exposure to credit risk.

(C) Liquidity risk
Liquidity risk is the risk that a company will have difficulty in meeting all its financial obligations. The Company’s main sources of
liquidity are cash generated from operations and funds raised from the capital markets and financial institutions, while its main
liquidity needs are for investments in production, research and development, working capital and dividends. Due to the nature of the
Company’s business, which involves large investments, maintaining adequate levels of liquidity is critical. The Company maintains
and manages adequate liquidity through forecasting periodic cash flows, estimating required cash levels, and monitoring inflows and
outflows of cash.
The Company has established Cash Pooling by region to respond effectively to liquidity risks, even when individual companies within
a region are underfunded. Cash Pooling is a system that shares funds between underfunded and overfunded companies, minimizing
the liquidity risk of individual companies, easing the burden of fund management, and reducing financial costs.
In addition, the Company has secured credit lines for its overseas subsidiaries by means of payment guarantees from the head office
in the event of large liquidity needs, and, at the end of the period, the Company had investment grade ratings of Aa2 from Moody’s
and AA- from S&P, enabling it to raise funds on the capital market in a timely manner.
As of December 31, 2023 and 2022, the maturity analysis of financial liabilities, based on the remaining period from the reporting
date to the contractual maturity date, is as follows:
December 31, 2023

Less than More than
(In millions of Korean won) 3 months ~ 6 months ~1 year 1 ~ 5 years 5 years
December 31, 2022

Less than More than
(In millions of Korean won) 3 months ~ 6 months ~1 year 1 ~ 5 years 5 years
The cash flows included in the maturity classification, based on the remaining period to the contractual maturity date, are undiscounted
expected cash outflows.
The Company’s derivative financial liabilities of W 44,252 million (December 31, 2022: W 119,061 million) has been included
within the less than 3 months bucket. These are the Company’s trading portfolio of derivative instruments, on a net settlement term,
of which the contractual maturities are not essential for understanding its cash flows. These contracts are managed on a net fair value
basis rather than by the maturity date. Net settled derivatives consist of forwards on currency rates used by the Company to manage
the exchange rate profile.
Derivatives that are settled on a gross basis by the delivery of underlying items, including derivatives for hedging, will be settled
within the next 48 months from the end of the reporting period. These derivatives are not included in the table above.
There is no maximum liquidity risk exposure from those other than the above financial liabilities (e.g., payment and performance
guarantees) as of December 31, 2023.

(D) Derivative financial instruments
The Company uses cash flow hedge accounting to hedges of the exposure to changes in the price of inventories. As of December 31,
2023, the Company’s derivative financial instruments designated as cash flow hedges are as follows:

(In millions of Korean won) Assets Liabilities Assets Liabilities
Currency forward exchange contracts

Current 50,018 15,031 44,567 11,035
Non-current 19,853 18,099 15,703 15,813
Total 69,871 33,130 60,270 26,848
For the years ended December 31, 2023 and 2022, the Company recognizes the gains and losses relating to the effective portion of
changes in fair value of derivatives that are designated and qualify as cash flow hedges in other comprehensive income, which amount
to the gain of W 927 million (after tax) and loss of W 12,893 million (after tax), respectively, and recognizes the gains relating to the
ineffective portion in profit or loss, which amount to the gain of W 1,304 million (before tax) and gain of W 611 million (before tax),
respectively. For the years ended December 31, 2023 and 2022, gains and losses reclassified directly from other comprehensive
income to profit or loss amount to the gain of W 6,692 million (after tax) and the loss of W 4,602 million (after tax), respectively, and
the gains reclassified from other comprehensive income to the carrying amount of inventory amount to the gain of W 51,614 million
(after tax) and the gain of W 55,856 million (after tax), respectively.
(E) Capital risk management
The purpose of capital management is to maintain a sound capital structure and protect the Company’s ability to continue to provide
benefits to its shareholders and stakeholders as a going concern. The Company monitors capital on the basis of credit ratings and debt
ratio.
The debt ratio as of December 31, 2023 and 2022 are as follows:

Total equity 363,677,865 354,749,604
Debt ratio 25.4% 26.4%

(F) Fair value measurement
(1) Carrying amounts and fair value of financial instruments by category as of December 31, 2023 and 2022 are as follows:

(In millions of Korean won) Carrying amount Fair value Carrying amount Fair value
Financial assets
Cash and cash equivalents 69,080,893 (*1) 49,680,710 (*1)
Short-term financial instruments 22,690,924 (*1) 65,102,886 (*1)
Short-term financial assets at amortized cost 608,281 (*1) 414,610 (*1)

27,112 27,112 29,080 29,080
through profit or loss
Trade receivables 36,647,393 (*1) 35,721,563 (*1)

7,481,297 7,481,297 11,397,012 11,397,012
1,431,394 1,431,394 1,405,468 1,405,468
profit or loss
Other(*2) 14,840,275 546,021 10,340,876 395,667
Total financial assets 152,807,569 174,092,205
Trade payables 11,319,824 (*1) 10,644,686 (*1)
Short-term borrowings 7,114,601 (*1) 5,147,315 (*1)
Other payables 13,996,395 (*1) 16,328,237 (*1)
Current portion of long-term liabilities 1,308,875 6,757 1,089,162 6,580

- Long-term borrowing 1,302,521 (*1)(*3) 1,082,934 (*1)(*3)
- Debentures 6,354 6,757 6,228 6,580

Debentures 537,618 529,254 536,093 521,129
Long-term borrowings 3,724,850 (*1)(*3) 3,560,672 (*1)(*3)
Long-term other payables 4,907,875 (*1) 2,289,236 (*1)
Other(*2) 11,414,008 83,463 12,409,529 361,768

Total financial liabilities 54,324,046 52,004,930
(*1) Assets and liabilities whose carrying amount is a reasonable approximation of fair value are excluded from the fair value disclosures.
(*2) Assets measured at the cost of W 14,294,254 million and W 9,945,209 million as at December 31, 2023 and 2022, respectively, and liabilities
measured at the cost of W 11,330,545 million and W 12,047,761 million as at December 31, 2023 and 2022, respectively, are excluded as their carrying
amounts are a reasonable estimation of fair value.
(*3) Lease liabilities, classified under the current portion of long-term liabilities and long-term borrowings, are excluded from the fair value disclosures
in accordance with Korean IFRS 1107.

(2) Fair value hierarchy classifications of the financial instruments that are measured at or only disclosed their fair value as of
December 31, 2023

(In millions of Korean won) Level 1 Level 2 Level 3 Total balance
Assets
through profit or loss - 27,112 - 27,112
other comprehensive income 5,250,993 - 2,230,304 7,481,297
profit or loss 347,221 - 1,084,173 1,431,394
Other - 130,364 415,657 546,021
Liabilities
Current portion of debentures - 6,757 - 6,757
Debentures - 529,254 - 529,254
Other - 83,463 - 83,463
December 31, 2022

Assets
through profit or loss - 29,080 - 29,080
other comprehensive income 9,207,295 - 2,189,717 11,397,012
profit or loss 314,449 - 1,091,019 1,405,468
Other - 373,176 22,491 395,667
Liabilities
Debentures - 521,129 - 521,129
Other - 354,364 7,404 361,768
The levels of the fair value hierarchy and its application to financial assets and liabilities are described below.
ㆍ Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities
ㆍ Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or
indirectly
ㆍ Level 3: Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs)
The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date. A market is
regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing
service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length
basis. These instruments are included in Level 1. The instruments included in Level 1 are listed equity investments, most of which
are classified as financial assets at fair value through other comprehensive income.

The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These
valuation techniques maximize the use of observable market data where available and rely as little as possible on entity-specific
estimates. If all significant inputs required to measure the fair value of an instrument are observable, the instrument is included in
Level 2.
If one or more of the significant inputs are not based on observable market data, the instrument is included in Level 3.
The Company performs the fair value measurements required for financial reporting purposes, including Level 3 fair values, and
discusses valuation processes and results in line with the financial reporting timelines. The Company’s policy is to recognize
transfers between levels at the end of the reporting period if corresponding events or changes in circumstances have occurred.
Specific valuation techniques used to value financial instruments include:

ㆍ Quoted market prices or dealer quotes for similar instruments
ㆍThe fair value of forward foreign exchange contracts is determined using forward exchange rates at the reporting date, with the
resulting value discounted to present value
Other techniques, such as discounted cash flow analysis, binomial distribution model, etcetera, are used to determine fair value
for the remaining financial instruments. For trade and other receivables that are classified as current assets, the book value
approximates a reasonable estimate of fair value.
(3) Valuation technique and the inputs
The Company utilizes a present value technique to discount future cash flows using proper interest rates for corporate bonds,
government and public bonds, and bank debentures that are classified as Level 2 in the fair value hierarchy.
The following table presents the valuation technique and the inputs used for major financial instruments classified as Level 3 as of
December 31, 2023.
(In millions of Korean won and percentage)

Fair Input range
Classification Valuation technique Level 3 inputs
value (Weighted average)
Financial assets at fair value through other comprehensive income
Permanent growth rate 1.0%
Samsung Venture Investment 32,286 Discounted cash flow
Weighted average cost of capital 17.1%
MiCo Ceramics Co., Ltd. 33,973 Discounted cash flow
Weighted average cost of capital 15.8%
TCL China Star Optoelectronics Permanent growth rate 0.0%
1,286,007 Discounted cash flow
Technology Co. Ltd. (CSOT) Weighted average cost of capital 10.6%
China Star Optoelectronics Permanent growth rate 0.0%
Semiconductor Display 226,531 Discounted cash flow
Technology Ltd (CSOSDT) Weighted average cost of capital 10.6%
Others
Risk-free discount rate 3.2%
Call option on equity instruments 393,235 Binomial model
Price volatility 69.5%
Risk-free discount rate 3.9%~5.2%, 2.2%
Put option on equity instruments 22,422 Binomial model
Price volatility 22.7%, 24.4%

(4) Changes in Level 3 instruments for the years ended December 31, 2023 and 2022 are as follows:
Financial assets
Acquisitions 207,023 207,730
Disposals (124,477) (207,252)
Amount recognized in profit or loss 297,680 73,782
Amount recognized in other comprehensive income 46,725 (197,830)
Other (44) (3,417)
Financial Liabilities
Amount recognized in profit or loss 619 1,966
Other (8,023) -
Balance as of December 31 - 7,404
(5) Sensitivity analysis for recurring fair value measurements categorized within Level 3
Sensitivity analysis of financial instruments is performed to measure favorable and unfavorable changes in the fair value of financial
instruments which are affected by the unobservable parameters, using a statistical technique. When the fair value is affected by
more than two input parameters, the amounts represent the most favorable or unfavorable.
The results of the sensitivity analysis for effect on income or loss before tax from changes in inputs for major financial instruments
which are categorized within Level 3 and subject to sensitivity analysis are as follows:
(In millions of Korean won) Favorable changes Unfavorable changes
Classification Profit or loss Equity Profit or loss Equity

Financial assets at fair value through other
comprehensive income(*1) - 161,758 - (111,678)
Other (*2) 101,749 - (101,696) -
(*1) For equity securities, changes in fair value are calculated with the correlation between the growth rate (-1.0%~1.0%) and the discount rate,
which are significant unobservable inputs.
(*2) Changes in fair value were calculated based on the correlation between underlying asset price (20%) and price volatility (10%), which are
significant unobservable inputs.

29. Segment Information
(A) Operating segment information
The chief operating decision-maker has been identified as the Management Committee. The Company determines operating segments
based on the segment information reported to the Management Committee. The Management Committee reviews the operating profits
of each operating segment in order to evaluate the performance and to make strategic decisions regarding the allocation of resources
to each segment.
Revenue consists mostly of product sales. The operating segments are product-based and are identified based on the internal
organization and revenue streams. As of the reporting date, the operating segments are comprised of DX, DS, SDC, Harman, and
others.
The segment information including depreciation, amortization and operating profits is prepared after adjusting intercompany
transactions. Total assets and liabilities of each operating segment are excluded from the disclosure as these have not been provided
regularly to the Management Committee.
Intercompany
(In millions of Korean won) DX DS SDC Harman reconciliations Total(*)
Revenue 169,992,337 66,594,471 30,975,373 14,388,454 (23,015,141) 258,935,494

Depreciation 2,524,199 29,371,056 3,108,935 327,572 - 35,532,411
Amortization 1,721,938 754,901 222,045 200,896 - 3,134,148
Operating profit 14,384,705 (14,879,458) 5,566,478 1,173,702 - 6,566,976
(*) Other operating segments are not separately disclosed.
Revenue by major product for the year ended December 31, 2022 are as follows:
TV, monitor, and Smartphone and

(In millions of Korean won) other other Memory Display panels Total(*)
Revenue 30,375,193 108,632,515 44,125,386 30,975,373 258,935,494

(*) Other products are not separately disclosed.

Intercompany
(In millions of Korean won) DX DS SDC Harman reconciliations Total(*)
Revenue 182,489,720 98,455,270 34,382,619 13,213,694 (26,309,943) 302,231,360

Depreciation 2,520,708 28,196,959 4,768,498 331,342 - 35,952,098
Amortization 1,678,572 809,270 237,182 211,549 - 3,155,561
Operating profit 12,746,074 23,815,810 5,952,973 880,548 - 43,376,630
Revenue by major product for the year ended December 31, 2022 are as follows:
TV, monitor, and Smartphone and

(In millions of Korean won) other other Memory Display panels Total(*)
Revenue 33,279,488 115,425,375 68,534,930 34,382,619 302,231,360

(*) Other products are not separately disclosed.
(B) Regional information
The regional information provided to the Management Committee for the reportable segments as of and for the years ended December
31, 2023 and 2022 are as follows:
(1) As of and for the year ended December 31, 2023
Asia Intercompany
(In millions of Korean won) Korea America Europe and Africa China elimination Consolidated
Revenue 45,599,419 92,136,669 48,108,965 44,814,355 28,276,086 - 258,935,494

Non-current assets(*) 163,312,301 20,346,775 6,288,864 8,737,541 12,191,879 (879,236) 209,998,124
(*) Financial instruments, deferred tax assets, investments in associates and joint ventures, and others are excluded from non-current assets.
(2) As of and for the year ended December 31, 2022
Asia Intercompany
(In millions of Korean won) Korea America Europe and Africa China elimination Consolidated
Revenue 48,654,656 118,974,561 50,283,975 48,692,399 35,625,769 - 302,231,360

Non-current assets(*) 144,936,912 14,022,225 5,839,813 9,056,272 15,338,153 (930,233) 188,263,142
(*) Financial instruments, deferred tax assets, investments in associates and joint ventures, and others are excluded from non-current assets.

30. Related Party Transactions
(A) Sale and purchase transactions

Sale and purchase transactions with related parties for the years ended December 31, 2023 and 2022 are as follows:
2023
(In millions of Disposal of Purchase of
Korean won) Name of company(*1) Sales non-current assets Purchases non-current assets
Samsung SDS Co., Ltd. 202,810 - 1,984,263 291,120
Samsung Electro-Mechanics Co., Ltd. 69,782 - 1,113,058 60
Associates and Samsung SDI Co., Ltd. 110,025 - 754,792 31,750
joint ventures Cheil Worldwide Inc. 38,930 - 948,677 4,900
Other 1,023,702 - 12,540,601 168,977
Total 1,445,249 - 17,341,391 496,807
Samsung C&T Co., Ltd. 49,366 70 270,079 6,149,229
Other related
Other 582,978 - 1,675,564 4,686,787
parties
Total 632,344 70 1,945,643 10,836,016
Samsung Engineering Co., Ltd. 1,358 - 35,482 2,837,309
S-1 9,720 - 527,232 40,327
Other(*2)
Other 239,223 - 1,251,775 612,481
Total 250,301 - 1,814,489 3,490,117
(*1) Transactions with separate entities that are related parties of the Company.
(*2) Although these entities are not related parties of the Company in accordance with Korean IFRS 1024, they belong to the same large enterprise group
in accordance with the Monopoly Regulation and Fair Trade Act.
2022
(In millions of Disposal of Purchase of
Korean won) Name of company(*1) Sales non-current assets Purchases non-current assets
Samsung Electro-Mechanics Co., Ltd. 62,274 767 1,401,483 120
Associates and Samsung SDI Co., Ltd. 82,062 - 803,556 24,926
joint ventures Cheil Worldwide Inc. 31,782 - 964,096 361
Other 1,353,769 - 15,158,969 125,053
Total 1,743,992 767 20,193,692 529,230
Samsung C&T Co., Ltd. 51,447 - 433,100 7,423,404
Other related
Other 345,901 188 1,595,487 1,910,813
parties
Total 397,348 188 2,028,587 9,334,217
S-1 13,634 - 510,311 54,069
Other(*2)
Other 166,052 - 550,757 746,749
Total 181,352 - 1,114,861 4,050,072
(*2) Although these entities are not related parties of the Company in accordance with Korean IFRS 1024, they belong to the same large enterprise group
in accordance with the Monopoly Regulation and Fair Trade Act.
(B) Balances of receivables and payables
Balances of receivables and payables arising from the sales and purchases of goods and services as of December 31, 2023 and 2022
are as follows:
December 31, 2023
(In millions of Korean won) Name of company(*1) Receivables Payables(*2)
Samsung SDS Co., Ltd. 84,747 458,723
Samsung Electro-Mechanics Co., Ltd. 1,894 138,405
Associates and Samsung SDI Co., Ltd. 117,690 92,854
joint ventures Cheil Worldwide Inc. 137 440,414
Other 310,708 1,268,131
Total 515,176 2,398,527
Samsung C&T Co., Ltd. 213,538 1,955,976
Other related parties Other 23,155 318,355
Total 236,693 2,274,331
Samsung Engineering Co., Ltd. 305 807,098
S-1 1,289 49,955
Other(*3)
Other 16,096 390,073
Total 17,690 1,247,126
(*1) Balances due from and to separate entities that are related parties of the Company.
(*2) Payables and others include lease liabilities.
(*3) Although these entities are not related parties of the Company in accordance with Korean IFRS 1024, they belong to the same large enterprise
group in accordance with the Monopoly Regulation and Fair Trade Act.
December 31, 2022

(In millions of Korean won) Name of company(*1) Receivables Payables(*2)
Samsung Electro-Mechanics Co., Ltd. 385 133,952
Other 371,575 1,236,017
Total 543,580 2,427,987
Samsung C&T Co., Ltd. 217,818 2,783,240
Other related parties Other 20,830 250,103
Total 238,648 3,033,343
Samsung Engineering Co., Ltd. 331 1,251,039
S-1 3,839 73,102
Other(*3)
Other 15,647 545,684
Total 19,817 1,869,825
(*1) Balances due from and to separate entities that are related parties of the Company.
(C) For the years ended December 31, 2023 and 2022, the Company invested W 78,690 million and W 907,958 million,
respectively, in associates and joint ventures. In addition, the Company has made capital recovery of W 33,457 million and W
13,087 million from its investments in associates and joint ventures during the year ended December 31, 2023 and 2022,
respectively.
(D) For the years ended December 31, 2023 and 2022, the Company declared dividend of W 1,650,995 million and W 1,663,149
million, respectively, to related parties. In addition, for the years ended December 31, 2023 and 2022, the Company declared
dividends of W 128,232 million and W 128,232 million, respectively, to the entities that are not related parties of the
Company in accordance with Korean IFRS 1024, but belong to the same conglomerate according to the Monopoly Regulation
and Fair Trade Act. As of December 31, 2023 and 2022, there are no dividends payable to related parties.
(E) For the years ended December 31, 2023 and 2022, the Company entered into lease agreements with its related parties
amounting to W 3,791 million and W 25,243 million, respectively, and the lease payments made to the related parties were W
25,443 million and W 22,607 million, respectively.
(F) Key management compensation
The compensation paid or payable to key management (executive directors) for their services for the years ended December 31,
2023 and 2022 consists of:
Short-term employee benefits 14,073 14,768

Post-employment benefits 557 612
Other long-term employee benefits 7,834 5,434

31. Information for Non-Controlling Interests
(A) Changes in non-controlling interests
The profit or loss allocated to non-controlling interests and accumulated non-controlling interests of subsidiaries that are material to
the Company for the years ended December 31, 2023 and 2022 are as follows:
Samsung Display Co., Ltd. and its subsidiaries

Percentage of non-controlling interests 15.2% 15.2%

Profit for the year 941,786 853,290
Dividends (43,646) (3,947)
Other (24,178) (24,186)
(B) The summarized financial information for the subsidiary with non-controlling interests that are material to the Company before
the intercompany eliminations for the years ended December 31, 2023 and 2022 are as follows:
(1) Summarized consolidated statements of financial position

Current assets 24,721,411 42,082,412

Non-current assets 46,413,723 23,070,658
Current liabilities 5,821,885 6,294,310
Non-current liabilities 1,485,250 1,220,097
Equity attributable to: 63,827,999 57,638,663
Owners of the parent company 63,769,776 57,552,528
Non-controlling interests 58,223 86,135
(2) Summarized consolidated statements of comprehensive income

Sales 30,950,579 34,298,283

Profit for the year 6,331,238 6,614,496
Other comprehensive loss (108,689) (67,942)
Total comprehensive income attributable to: 6,222,549 6,546,554
Owners of the parent company 6,217,248 6,539,633
Non-controlling interests 5,301 6,921
(3) Summarized consolidated statements of cash flows

Cash flows from operating activities 9,244,331 11,395,827

Cash flows from investing activities (3,931,091) (8,654,933)
Cash flows from financing activities (277,515) (1,146,117)
Reclassify as held-for-sale (14,153) -
Effect of exchange rate changes on cash and cash equivalents (1,534) (44,426)
Increase in cash and cash equivalents 5,020,038 1,550,351
Cash and cash equivalents at beginning of the year 2,309,210 758,859
Cash and cash equivalents at end of year 7,329,248 2,309,210
32. Business Combinations
To enhance the competitiveness of Micro-Display, Samsung Display America Holdings, Inc., the Company's subsidiary,
acquired 100% of the equity shares of eMagin Corporation on October 18, 2023.
(1) Overview of the acquired company
Name of the acquired company eMagin Corporation

Headquarters location New York, USA
Representative director Andrew G. Sculley Jr.
Industry Development and manufacture of display panels
(2) Purchase price allocation

(In millions of Korean won) Amount
I. Consideration transferred
Cash and cash equivalents 295,291
Fair value of additional consideration transferred 15,164
Total consideration transferred 310,455
II. Identifiable assets and liabilities
Trade and other receivables 13,033
Inventory 13,753
Property, plant and equipment 77,500
Intangible assets 15,580
Other assets 1,691
Trade and other payables (22,370)
Other liabilities (69,653)
Total net identifiable assets 34,007
III. Goodwill (I - II) 276,448

Assuming that eMagin Corporation had been consolidated from January 1, 2023, eMagin Corporation’s revenue and net loss for the
year ended December 31, 2023, would have been W 27,781 million and W 36,021 million, respectively. Revenue and net loss for the
period contributed by eMagin Corporation since consolidation amounted to W 4,684 million and W 6,847 million, respectively.
33. Assets and Liabilities Held-for-Sale
During the year ended December 31, 2023, the Company’s management decided to sell its 56.8% ownership in Dowooinsys Co., Ltd.
to three parties, including New Power Plasma Co., Ltd. The sale and purchase agreement was signed on December 7, 2023, and the
sale was completed on January 31, 2024.
(1) Details of assets and liabilities classified as held-for-sale as of December 31, 2023 are as follows:
Assets held-for-sale
Trade receivables 1,316
Inventories 4,697
Other current assets 13,134
Property, plant and equipment and intangible assets 181,251
Other non-current assets 3,313
Total 217,864
Liabilities held-for-sale
Current liabilities 27,608
Non-current liabilities 34,046
Total 61,654
(2) Details of accumulated other comprehensive income attributable to assets held-for-sale are as follows:

Foreign currency translation, net of tax (217)

4. Separate Financial Statements
A. Separate Statements of Financial Position

Notes 2023 2022 2023 2022
KRW KRW USD USD
Assets
Current assets
Cash and cash equivalents 4, 28 6,061,451 3,921,593 4,640,807 3,002,475
Short-term financial instruments 4, 28 50,071 137 38,336 105
Trade receivables 4, 5, 7, 28 27,363,016 20,503,223 20,949,848 15,697,810
Non-trade receivables 4, 7, 28 1,910,054 2,925,006 1,462,388 2,239,462
Prepaid expenses 1,349,755 1,047,900 1,033,408 802,300
Inventories 8 29,338,151 27,990,007 22,462,064 21,429,889
Other current assets 4, 28 2,475,944 2,674,792 1,895,648 2,047,891
68,548,442 59,062,658 52,482,499 45,219,932
Non-current assets
1,854,503 1,364,325 1,419,857 1,044,563
other comprehensive income 4, 6, 28
1 283 1 217
profit or loss 4, 6, 28
57,392,438 57,397,249 43,941,168 43,944,851
and joint ventures 9
Property, plant and equipment 10 140,579,161 123,266,986 107,631,122 94,376,463
Intangible assets 11 10,440,211 8,561,424 7,993,302 6,554,853
Net defined benefit assets 14 3,745,697 4,410,223 2,867,805 3,376,583
Deferred income tax assets 25 9,931,358 2,142,512 7,603,710 1,640,364
Other non-current assets 4, 7, 28 4,365,478 3,878,090 3,342,324 2,969,168
228,308,847 201,021,092 174,799,289 153,907,062
Total assets 296,857,289 260,083,750 227,281,788 199,126,994


Notes 2023 2022 2023 2022
KRW KRW USD USD
Liabilities and Equity
Current liabilities
Trade payables 4, 28 7,943,834 8,729,315 6,082,009 6,683,394
Short-term borrowings 4, 5, 12, 28 5,625,163 2,381,512 4,306,773 1,823,349
Other payables 4, 28 15,256,046 18,554,543 11,680,432 14,205,849
Advances received 17 302,589 320,689 231,670 245,527
Withholdings 4, 28 445,470 523,354 341,064 400,694
Accrued expenses 4, 17, 28 6,931,991 8,359,296 5,307,316 6,400,098
Current income tax liabilities - 2,533,481 - 1,939,700
Current portion of long-term liabilities 4, 12, 13, 28 228,491 135,753 174,939 103,936
Provisions 15 4,540,702 4,059,491 3,476,481 3,108,054
Other current liabilities 17 500,815 488,613 383,438 374,095
41,775,101 46,086,047 31,984,122 35,284,696
Non-current liabilities
Debentures 4, 13, 28 19,064 24,912 14,596 19,073
Long-term borrowings 4, 12, 28 22,902,035 654,979 17,534,403 501,469
Long-term other payables 4, 28 4,942,826 2,439,232 3,784,358 1,867,541
Long-term provisions 15 2,413,133 1,423,165 1,847,558 1,089,613
Other non-current liabilities 17,356 39,224 13,289 30,030
30,294,414 4,581,512 23,194,204 3,507,726
Total liabilities 72,069,515 50,667,559 55,178,326 38,792,422


Notes 2023 2022 2023 2022
KRW KRW USD USD
Equity
Preference shares 18 119,467 119,467 91,467 91,467
Ordinary shares 18 778,047 778,047 595,693 595,693
Share premium 4,403,893 4,403,893 3,371,737 3,371,737
Retained earnings 19 219,963,351 204,388,016 168,409,756 156,484,868
Other components of equity 20 (476,984) (273,232) (365,191) (209,193)
Total equity 224,787,774 209,416,191 172,103,462 160,334,572
Total liabilities and equity 296,857,289 260,083,750 227,281,788 199,126,994

B. Separate Statements of Profit and Loss

Notes 2023 2022 2023 2022
KRW KRW USD USD
Revenue 29 170,374,090 211,867,483 130,442,907 162,211,346

Cost of sales 21 144,023,552 152,589,393 110,268,239 116,826,473
Gross profit 26,350,538 59,278,090 20,174,668 45,384,873
Selling and administrative expenses 21, 22 37,876,835 33,958,761 28,999,506 25,999,725
Operating profit (loss) 29 (11,526,297) 25,319,329 (8,824,838) 19,385,148
Other non-operating income 23 29,643,315 4,576,378 22,695,706 3,503,796
Other non-operating expense 23 375,723 296,344 287,663 226,889
Financial income 24 7,388,664 9,734,299 5,656,956 7,452,837
Financial expense 24 7,598,459 9,641,742 5,817,581 7,381,973
Profit before income tax 17,531,500 29,691,920 13,422,580 22,732,919
Income tax expense (benefit) 25 (7,865,599) 4,273,142 (6,022,110) 3,271,631
Earnings per share 26
(in Korean won, in US dollars)
- Basic 3,739 3,742 2.86 2.86
- Diluted 3,739 3,742 2.86 2.86

C. Separate Statements of Comprehensive Income

Notes 2023 2022 2023 2022
KRW KRW USD USD

Other comprehensive income (loss)
Items that will not be reclassified subsequently to
profit or loss:
Gain (loss) on valuation of financial assets at
fair value through other comprehensive income, 6, 20 356,472 (208,883) 272,924 (159,926)
net of tax
Remeasurement of net defined benefit liabilities
14, 20 (572,551) 822,001 (438,360) 629,346
(assets), net of tax
Items that may be reclassified subsequently to
- - - -
profit or loss
Other comprehensive income (loss) for the year,
(216,079) 613,118 (165,436) 469,420
net of tax
Total comprehensive income for the year 25,181,020 26,031,896 19,279,254 19,930,708

D. Separate Statements of Changes in Equity
Other
2022 KRW Preference Ordinary Share Retained components
Notes shares shares premium earnings of equity Total
Balance as of January 1, 2022 119,467 778,047 4,403,893 188,774,335 (882,010) 193,193,732

Profit for the year - - - 25,418,778 - 25,418,778
Gain (loss) on valuation of financial assets at fair value through
6, 20 - - - 4,340 (213,223) (208,883)
other comprehensive income, net of tax
Remeasurement of net defined benefit liabilities, net of tax 14, 20 - - - - 822,001 822,001
Total comprehensive income for the year - - - 25,423,118 608,778 26,031,896
Dividends declared 19 - - - (9,809,437) - (9,809,437)
Total transactions with owners - - - (9,809,437) - (9,809,437)
Balance as of December 31, 2022 119,467 778,047 4,403,893 204,388,016 (273,232) 209,416,191

Other
2022 USD Preference Ordinary Share Retained components

Gain (loss) on valuation of financial assets at fair value through 6, 20 - - - 3,323 (163,249) (159,926)
Remeasurement of net defined benefit liabilities, net of tax 14, 20 - - - - 629,346 629,346
Total comprehensive income for the year - - - 19,464,611 466,097 19,930,708
Other
2023 KRW Preference Ordinary Share Retained components

6, 20 - - - (12,327) 368,799 356,472
Remeasurement of net defined benefit assets, net of tax 14, 20 - - - - (572,551) (572,551)
Total comprehensive income (loss) for the year - - - 25,384,772 (203,752) 25,181,020

Other
2023 USD Preference Ordinary Share Retained components

6, 20 - - - (9,438) 282,362 272,924
Remeasurement of net defined benefit assets, net of tax 14, 20 - - - - (438,360) (438,360)
Total comprehensive income (loss) for the year - - - 19,435,252 (155,998) 19,279,254

E. Separate Statements of Cash Flows

Notes 2023 2022 2023 2022
KRW KRW USD USD
Operating activities
Adjustments 27 (4,092,924) 31,039,388 (3,133,651) 23,764,576
Changes in assets and liabilities arising from
27 (13,215,547) (6,868,269) (10,118,172) (5,258,528)
operating activities
Cash generated from operations 8,088,628 49,589,897 6,192,867 37,967,336
Interest received 332,111 339,560 254,273 259,976
Interest paid (798,649) (287,488) (611,467) (220,108)
Dividends received 29,497,803 3,551,435 22,584,298 2,719,073
Income tax paid (2,664,809) (8,404,655) (2,040,248) (6,434,826)
Net cash from operating activities 34,455,084 44,788,749 26,379,723 34,291,451
Investing activities
Net decrease (increase) in short-term
(49,934) 15,000,439 (38,231) 11,484,733
financial instruments
15,538 10,976 11,896 8,404
through other comprehensive income
(15,515) - (11,879) -
243 1,744 186 1,335
Disposal of investments in subsidiaries, associates
144,292 165,089 110,474 126,397
and joint ventures
Acquisition of investments in subsidiaries, associates
(108,300) (1,001,723) (82,917) (766,946)
and joint ventures
Disposal of property, plant and equipment 164,415 288,684 125,880 221,024
Acquisition of property, plant and equipment (45,026,206) (39,160,176) (34,473,254) (29,982,066)
Disposal of intangible assets 12,002 6,242 9,189 4,779
Acquisition of intangible assets (2,639,614) (3,298,378) (2,020,958) (2,525,325)
Cash outflow from other investing activities (68,458) (136,783) (52,413) (104,725)
Net cash used in investing activities (47,571,537) (28,123,886) (36,422,027) (21,532,390)


Notes 2023 2022 2023 2022
KRW KRW USD USD
Financing activities
Net increase (decrease) in short-term borrowings 27 3,274,337 (6,700,826) 2,506,919 (5,130,330)
Increase in debentures and long-term borrowings 27 21,990,000 - 16,836,125 -
Repayment of debentures and long-term borrowings 27 (185,316) (155,264) (141,883) (118,874)
Dividends paid (9,810,119) (9,808,974) (7,510,886) (7,510,010)
Net cash from (used in) financing activities 15,268,902 (16,665,064) 11,690,275 (12,759,214)
Effect of foreign exchange rate changes (12,591) 2,922 (9,639) 2,236

Net increase in cash and cash equivalents 2,139,858 2,721 1,638,332 2,083
Cash and cash equivalents

Beginning of the year 3,921,593 3,918,872 3,002,475 3,000,392
End of the year 6,061,451 3,921,593 4,640,807 3,002,475

5. Notes to the Separate Financial Statements
1. General Information
Samsung Electronics Co., Ltd. (the “Company”) was incorporated under the laws of the Republic of Korea in 1969 and listed its
shares on the Korea Stock Exchange in 1975. The Company operates two business divisions: Device eXperience (“DX”) and Device
Solutions (“DS”). DX division comprises businesses for digital televisions, refrigerators, smartphones, and communication systems.
DS division comprises businesses for semiconductor products such as memory, foundry and system Large Scale Integration (LSI).
The Company is domiciled in the Republic of Korea and is located in Suwon, the Republic of Korea.
These financial statements have been prepared in accordance with Korean International Financial Reporting Standards (“Korean
IFRS”) 1027, Separate Financial Statements.
2. Material Accounting Policies
The followings are material accounting policies applied on financial statements. Unless mentioned otherwise, these policies are
consistent throughout the accounting periods denoted.
2.1 Basis of Presentation
The Company’s financial statements have been written in accordance with the Korean International Financial Reporting Standards
(“Korean IFRS”). The Korean IFRS refers to standards selected by the Republic of Korea among accounting standards and
interpretations published by International Accounting Standards Board (IASB).
The Korean IFRS permits application of material accounting estimates on the financial statements and requires management’s
judgements in applying accounting policies. The areas involving a higher degree of judgment or complexity, or areas where
assumptions and estimates are material to the financial statements are disclosed in Note 3.

2.2 Changes in Accounting Policies and Disclosures
(A) New and amended standards adopted by the Company
The Company applied the following amended standards for the first time for the annual reporting period commencing on January 1,
2023:
The amendments replace the term ‘significant’ accounting policy information with ‘material’ accounting policy and clarify its
meaning. These amendments do not result in a change in accounting policy but affects the accounting policy information disclosed
in the separate financial statements. In addition, IFRS Practice Statement 2, Making Materiality Judgments has been amended to
provide guidance on the application of the concept of materiality. The Company has adopted the amendments to the standard and
discloses the Company’s material accounting policies in Note 2.
The amendments clarify how accounting estimates are defined and distinguished from changes in accounting policies. The adoption
of the amendments does not have a significant impact on the Company’s separate financial statements.
The amendments add to a condition to the initial recognition exemption that the initial recognition exemption does not apply to
transactions in which equal amounts of deductible and taxable temporary differences arise on initial recognition. The adoption of the
amendments does not have a significant impact on the Company’s separate financial statements.
The amendments clarify that Korean IFRS 1012, Income Taxes, applies to income taxes arising from tax law enacted or substantively
enacted to implement the Pillar Two Model Rules issued by the Organization for Economic Co-operation and Development (OECD).
However, a temporary exemption from the requirements of Korean IFRS 1012, Income Taxes, has been adopted to allow the Company
to neither recognize nor disclose deferred tax assets and liabilities relating to Pillar Two income taxes.
(B) New and amended standards not yet adopted by the Company
The amended accounting standards that have been issued but not yet effective for the annual reporting period commencing on January
1, 2023 which have not been early adopted by the Company are as follows:
The amendments to Korean IFRS 1001 clarify that the classification of liabilities as current or non-current should be based on rights
that are in existence at the end of the reporting period, and that the classification is unaffected by management's intentions or
expectations about whether an entity will exercise its right to defer settlement of a liability. The amendments also introduce a definition
of settlement to make clear that settlement includes the transfer to the counterparty of the entity's own equity instruments, however,
it would be excluded if an option to settle the liability by the transfer of the entity’s own equity instruments is recognized separately
from the liability as an equity component of a compound financial instrument. The amendments are applied for annual periods
beginning on or after January 1, 2024, with early application permitted.
Amendments to Korean IFRS 1116, Leases
The amendments add requirements for the subsequent measurement of sale-and-leaseback transactions that are accounted for as sales
in accordance with Korean IFRS 1115, Revenue from Contracts with Customers. The amendments require the seller-lessee to calculate
the ‘lease payments’ or ‘revised lease payments’ in a way that does not result in the seller-lessee recognizing any gain or loss for the
rights of use that the seller-lessee continues to retain after the lease commences. The amendments are effective for annual reporting
periods beginning on or after January 1, 2024, with early application permitted.
Amendments to Korean IFRS 1007, Statement of Cash Flows, and 1107, Financial Instruments: Presentation
The amendments add to the disclosure objectives in Korean IFRS 1007, Statement of Cash Flows, that information about supplier
financing arrangements should be disclosed to enable users of financial statements to assess the impact of those arrangements on the
Company’s liabilities and cash flows. The amendments also amend Korean IFRS 1107, Financial Instruments: Presentation, to add
supplier financing arrangements as an example of a requirement to disclose information about an entity’s exposure to concentrations
of liquidity risk.
The amendments are effective for annual reporting periods beginning on or after January 1, 2024, and include specific transitional
provisions for the first annual period in which they are applied. Early application is permitted.
2.3 Subsidiaries, Associates and Joint Ventures
The Company, which is the ultimate controlling entity for the purposes of Korean IFRS 1110 Consolidated Financial Statements,
recognizes its investments in subsidiaries, associates and joint ventures in its separate financial statements using the cost method in
accordance with Korean IFRS 1027 Separate Financial Statements.
If there is objective evidence of impairment, the difference between the recoverable amount of the investments in subsidiaries,
associates and joint ventures and their carrying amount is recognized as an impairment loss.
2.4 Functional and Presentation Currency
The Company measures items included in its financial statements using the currency of the primary economic environment in which
it operates ("functional currency"). The functional currency of the Company is Korean won (KRW) and the financial statements are
presented in Korean won (KRW).
2.5 Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, deposits held at call with banks, and highly liquid short-term investment assets that
are readily convertible to known amounts of cash at the date of acquisition and which are subject to an insignificant risk of changes
in value.

2.6 Financial Assets
(A) Classification
Financial instruments are classified based on the business model for managing the financial assets and the contractual cash flow
characteristics of the financial asset. The Company considers the contractual terms of the relevant financial instrument and assesses
whether the contractual cash flows consist solely of payments of principal and interest on the principal amount outstanding.
(B) Impairment
The Company assesses the expected credit losses of debt instruments carried at amortized cost or fair value through other
comprehensive income on a forward-looking basis. However, the Company applies the simplified approach for trade receivables,
which requires expected credit losses to be recognized over the life of the receivable from initial recognition.
2.7 Trade Receivables
Trade receivables are recognized at initial transaction price, unless they contain a significant financing component, and are
subsequently measured at amortized cost using the effective interest method less any allowance for impairment.
2.8 Inventories
The Company determines the unit cost of inventories, except for materials in transit, using the average cost method. The cost of
finished goods and work in progress comprises raw materials, direct labor, other direct costs and related production overheads based
on normal operating capacity, excluding the cost of idle production equipment and scrapping costs.
The Company measures inventories at the lower of cost and net realizable value. Net realizable value is the estimated selling price in
the ordinary course of business less the applicable variable selling expenses, and reflects the decrease in selling price, the increase in
costs to completion, or decrease in value due to excess or obsolete inventory.
2.9 Property, Plant and Equipment
Depreciation of property, plant and equipment begins when assets are considered by management to be available for their intended
use, such as in the production of products.
The Company’s property, plant and equipment is depreciated on a straight-line method over the estimated useful lives of the assets,
less any residual values. Land is not depreciated. Costs that are directly attributable to the acquisition, construction of a qualifying
asset, including capitalized interest costs, are depreciated over the estimated useful lives.
The estimated useful lives of property, plant and equipment used by the Company for each asset category are as follows:

Buildings and structures 15, 30 years
Machinery and equipment 5 years
Other 5 years

2.10 Intangible Assets
Goodwill represents the excess of the cost of an acquisition over the fair value of the net identifiable assets of the acquired business
at the date of acquisition and is recorded as an intangible asset.
Intangible assets, other than goodwill, are initially recognized at their historical cost and are subsequently stated at cost less
accumulated amortization and accumulated impairment losses.
Membership rights are regarded as intangible assets with indefinite useful life and not amortized as there are no foreseeable restrictions
on their use. However, whenever there is an indication of impairment, such as a decline in the market value of membership rights, a
reasonable estimate is made to reflect the impairment. Intangible assets with finite useful lives, such as patents, trademarks and other
intangible assets, are amortized on a straight-line method over their estimated useful lives.
The estimated useful lives of intangible assets used by the Company are as follows:

Patents, trademarks and other intangible assets 5 - 10 years
2.11 Financial Liabilities
The Company classifies financial liabilities into financial liabilities at fair value through profit or loss and other financial liabilities
and recognizes them on the statement of financial position when the Company becomes a party to a contract, depending on the
substance of the contractual terms.
2.12 Employee Benefits
The Company operates various types of post-employment benefit plans, including defined benefit plans and defined contribution
plans. The defined benefit liability (asset) recognized in the statement of financial position in respect of defined benefit plans is the
present value of the defined benefit obligation at the reporting date less the fair value of plan assets, less any deficit (excess of plan
assets over the asset recognition threshold) and is calculated annually by an independent actuary using the projected unit credit method.
2.13 Income Tax Expense
The Company applies the exemption to the recognition and disclosure of deferred tax assets and liabilities related to the Pillar Two
Model Rules of OECD. Furthermore, as the relevant legislation will be effective from January 1, 2024, the Company has not
recognized any current tax expense related to Pillar Two in the fiscal year ended December 31, 2023.
The Company recognizes deferred tax liabilities for taxable temporary differences associated with investments in subsidiaries,
associates and joint ventures, except where the Company is able to control the timing of the reversal of the temporary difference and
it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognized for deductible
temporary differences arising on these assets only to the extent that it is probable that the temporary differences will reverse in the
foreseeable future and taxable profit will be available against which the temporary differences can be utilized.

2.14 Derivative Instruments
The Company recognizes its rights and obligations under derivative contracts as assets and liabilities at fair value and records gains
and losses on these contracts in the statement of profit or loss. However, effective portion of changes in the fair value of cash flow
hedges are deferred in equity.
2.15 Revenue Recognition
The Company’s revenue primarily represents the fair value of the consideration received or receivable for the sale of goods in the
ordinary course of the Company’s activities. Revenue is net of value-added tax, returns, sales incentives, discounts and others.
(A) Identification of performance obligations
The Company is required to transfer control of goods and services under contracts with customers. For the export of products and
goods under Incoterms Group C terms (such as CIF), the Company recognize the transportation services (including insurance)
provided after the control of the goods has passed to the customer as a separate performance obligation.
(B) Performance obligations satisfied at a point of time
The Company’s revenue is primarily derived from the sale of goods and is recognized when control of the goods passes to the customer.
(C) Performance obligations satisfied over time
The Company recognizes revenue over time for sales of software, transportation services, installation services, and etc. where the
customer has direct control over the outcome during the performance of the service.
(D) Variable consideration
The Company provides a variety of sales promotions including incentives, promotion and sales allowances. Where these sales
promotion policies result in variability in the consideration promised to customers, the Company estimates the variable consideration
using either the expected value or the most likely amount whichever method the Company expects to better predict the amount of
consideration to which it will be entitled. The estimate of variable consideration is included in transaction price only to the extent that
it is highly probable that a significant portion of the cumulative revenue already recognized will not be reversed. Revenue and contract
liabilities are recognized when the related revenue is earned or when the decision to pay the variable consideration to the customer is
made, whichever is later.
The Company recognizes contract liabilities (refund liabilities) after the sale of products to customers by estimating the return rate
using the expected value methods based on historical experience. When the customer exercises its right to return the product, the
Company recognizes the asset as a refund asset and adjusts cost of sales by the amount of the right to collect the product from the
customer. The right to collect the product is measured by deducting the cost of collecting the product from the historical carrying
amount of the product.

2.16 Leases
(A) Lessee accounting
The Company applies the practical expedient of Korean IFRS 1116, Leases, and does not separate the non-lease elements from the
lease elements and accounts for the non-lease elements relating to each lease element as a single lease element.
At the commencement date of a lease, the Company recognizes a right-of-use asset (the lease asset) representing the right to use the
underlying asset and a lease liability representing the obligation to make lease payments. The right-of-use asset is presented in the
statement of financial position as ‘property, plant and equipment’ and the lease liability is presented as ‘current portion of long-term
liabilities’ or ‘long-term borrowings.’
Lease liabilities are measured at the inception of the lease at the present value of the lease payments outstanding at that date,
discounted at the Company’s incremental borrowing rate.
For short-term leases (lease terms of 12 months or less at the inception of the lease) and low value assets (underlying assets of USD
5,000 or less), lease payments are recognized as expenses on a straight-line basis over the lease term applying the simplified
practical expedient.
(B) Lessor accounting
The Company, as a lessor, determines whether a lease is a finance or an operating lease at the inception of the lease.
Leases that transfer substantially all the risk and rewards of ownership of the leased assets are classified as finance leases and all
leases other than finance leases are classified as operating leases. Lease income from operating leases is recognized on a straight-line
basis over the lease term, while initial direct costs incurred during the negotiation and contracting phase of an operating lease are
added to the carrying amount of the leased asset and expensed over the lease term against the lease income.
2.17 Government Grants
Government grants relating to revenues are deferred and recognized in the statement of profit or loss in the same period in which they
are matched with revenues or expenses related to the purpose for which the grant was made. Government grants received related to
the acquisition of assets are treated as deferred income and credited to the statement of profit or loss over the useful lives of the related
assets.
2.18 Convenience Translation into United States Dollar Amounts
The US dollar amounts provided in the separate financial statements represent supplementary information solely for the convenience
of the reader. All Korean won amounts are expressed in US dollar at the rate of W 1,306.1 to $1, the average exchange rate for the
year ended December 31, 2023. Such presentation is not in accordance with generally accepted accounting principles and should not
be construed as a representation that the Korean won amounts shown could be readily converted, realized or settled in US dollars at
this or any other rate.

2.19 Approval of the Separate Financial Statements
These separate financial statements of the Company were approved by the Board of Directors on January 31, 2024, and may be
approved as amended at the Annual General Shareholders’ Meetings.
3. Material Accounting Estimates and Assumptions
The Company makes estimates and assumptions concerning the future. Estimates and assumptions are continuously evaluated and
are based on historical experience and future events that are reasonably foreseeable under the circumstances. These estimates may
differ from actual results. The estimates and assumptions that have the most significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities in the next financial year are as follows.
(A) Revenue recognition
The Company recognizes a liability for a product return and a right to the returned goods that are expected to be returned by customers
following the sale of products to customers. At the point of sale, the Company estimates the return using the expected value method
based on accumulated experience at the portfolio level and the Company’s revenue is affected by changes in the expected return.
Revenue from the sale of goods recognized at the point of transfer of control is the contractual consideration less consideration paid
to customers in relation to certain sales promotion activities. Based on the historical experience and terms of contracts, the Company
makes reasonable estimates of the sales deductions which affect the Company’s revenue.
(B) Provision for warranty
The Company provides warranties for products sold. At the end of each reporting period, the Company recognizes a provision for
warranties based on its best estimate of the amount it believes is necessary to provide for future and current warranty obligations.
These best estimates are based on historical experience.
(C) Fair value of financial instruments
The fair value of financial instruments that are not traded in an active market is determined by using various valuation techniques and
assumptions based on market conditions prevailing at the end of each reporting period.
(D) Impairment of financial assets
In measuring the allowance for impairment losses on financial assets, the Company makes assumptions about the risk of default and
expected credit rates. In making these assumptions and selecting the inputs for the impairment calculations, the Company makes
judgment based on past experience and current and forecast of future economic conditions at the reporting date.
(E) Lease
In determining the lease term, the Company considers all relevant facts and circumstances that provide an economic incentive to
exercise a renewal option, or not to exercise a termination option. The period covered by the renewal option (or the period covered
by the termination option) is included in the lease term only if it is reasonably certain that the lessee will exercise (or not exercise)
the renewal option.
The lease term is reassessed when the option is actually exercised (or not exercised) or when the Company becomes committed to
exercise (or not exercise) the option. The Company only changes its assessment of whether it is reasonably certain the renewal option
will be exercised (or not) if there is a significant event or change in circumstances within the lessee’s control that affects the calculation
of the lease term.
(F) Net defined benefit liabilities (assets)
The net defined benefit liabilities (assets) are dependent on a number of factors which are determined using actuarial methods based
on a number of assumptions. Among the assumptions used to determine the net defined benefit liabilities (assets) is the discount rate,
and changes in these assumptions will affect the carrying amount of the net defined benefit liability (asset). At the end of each year
the Company determines an appropriate discount rate, taking into account the interest rates on high-quality corporate bonds, which
represents the interest rate that should be used to determine the present value of the estimated future cash outflows expected to be
required to settle the net defined benefit liability (asset). Some key assumptions relating to the net defined benefit liability (asset) are
based on current market conditions.
(G) Impairment of goodwill and intangible assets that have indefinite useful life
The Company tests goodwill and intangible assets with indefinite useful life for impairment annually. The recoverable amount of a
cash-generating unit or asset, including goodwill, is determined based on a value-in-use calculation. These calculations are based on
estimates.
(H) Income taxes
Income taxes on the Company’s taxable income are calculated by applying tax laws and decisions of tax authorities in various
countries, and, therefore, there is uncertainty in determining the final tax effect. The Company has recognized current and deferred
tax based on its best estimate of the tax consequences expected to be payable in future periods as a result of the Company’s operating
activities up to the reporting date. However, the actual future final tax liability may not be consistent with the related assets and
liabilities recognized, and such differences may affect the current and deferred tax assets and liabilities when the final tax effect is
determined.
The Company is subject to additional income taxes, calculated in accordance with the method prescribed by tax laws, when a certain
amount is not used for investment, wage growth, etcetera, in a given period. The related tax effect is reflected in the measurement of
current and deferred income taxes for the period, and the amount of income tax payable by the Company depends on the level of
investment, wage growth, etcetera in each year, resulting in uncertainty in determining the final tax effects.
The Company assesses uncertainty over its tax positions and, if the Company concludes that it is not probably that the tax authorities
will accept a uncertain tax position, the effect of the uncertainty is recognized in the financial statements for each uncertain tax
position using the method that is expected to provide a better estimate of the resolution of the uncertainty, which is more likely of the
following methods.
(1) Most likely amount: the single most probable amount within a range of possible outcomes.
(2) Expected value: the sum of the probability-weighted amounts in a range of possible outcomes.

4. Financial Instruments by Category
(A) Categorizations of financial assets and liabilities as of December 31, 2023 and 2022 are as follows:
Financial assets
measured at fair
value through Financial assets
Financial assets other measured at fair
measured at comprehensive value through
(In millions of Korean won) amortized cost income profit or loss Total
Financial assets
Cash and cash equivalents 6,061,451 - - 6,061,451
Short-term financial instruments 50,071 - - 50,071
Trade receivables 27,363,016 - - 27,363,016
through other comprehensive - 1,854,503 - 1,854,503
income
- - 1 1
Other 4,972,284 - 393,235 5,365,519
Total 38,446,822 1,854,503 393,236 40,694,561
measured at amortized Other financial
(In millions of Korean won) cost liabilities(*) Total
Trade payables 7,943,834 - 7,943,834
Short-term borrowings - 5,625,163 5,625,163
Other payables 15,015,578 - 15,015,578
Current portion of long-term liabilities 6,354 222,137 228,491
Debentures 19,064 - 19,064
Long-term borrowings 21,990,000 912,035 22,902,035
Long-term other payables 4,486,390 - 4,486,390
Other 3,652,969 - 3,652,969
Total 53,114,189 6,759,335 59,873,524
(*) Other financial liabilities include lease liabilities, which are not subject to categorizations, and collateralized borrowings.

Financial assets
measured at fair
value through Financial assets
Financial assets other measured at fair
measured at comprehensive value through
(In millions of Korean won) amortized cost income profit or loss Total
Financial assets
Cash and cash equivalents 3,921,593 - - 3,921,593
Short-term financial instruments 137 - - 137
Trade receivables 20,503,223 - - 20,503,223
through other comprehensive - 1,364,325 - 1,364,325
income
- - 283 283
Other 5,470,355 - - 5,470,355
Total 29,895,308 1,364,325 283 31,259,916
measured at amortized Other financial
(In millions of Korean won) cost liabilities(*) Total
Trade payables 8,729,315 - 8,729,315
Short-term borrowings - 2,381,512 2,381,512
Other payables 18,324,604 - 18,324,604
Current portion of long-term liabilities 6,228 129,525 135,753
Debentures 24,912 - 24,912
Long-term borrowings - 654,979 654,979
Long-term other payables 2,083,790 - 2,083,790
Other 3,145,473 - 3,145,473
Total 32,314,322 3,166,016 35,480,338
(*) Other financial liabilities include lease liabilities, which are not subject to categorizations, and collateralized borrowings.

(B) Net gains or net losses on each category of financial assets and liabilities for the years ended December 31, 2023 and 2022 are as
follows:
Financial assets Financial assets

Financial assets measured at fair value measured at fair
measured at through other value through profit
(In millions of Korean won) amortized cost comprehensive income or loss Total
Financial assets
Gain on valuation
- 356,472 - 356,472
(other comprehensive income)
Gain on valuation/disposal
- - 365,387 365,387
(profit or loss)
Interest income 371,106 - - 371,106
(216,145) - - (216,145)
(profit or loss)
Dividend income - 4,081 637 4,718
Impairment/reversal (profit or loss) (2,113) - - (2,113)
measured
(In millions of Korean won) at amortized cost Other financial liabilities(*) Total
Interest expense (310,267) (285,498) (595,765)
Foreign exchange differences (profit or loss) 5,103 31,557 36,660
(*)
Other financial liabilities include lease liabilities, which are not subject to categorizations, and collateralized borrowings.

Financial assets
measured at fair value
Financial assets through other Financial assets
measured at comprehensive measured at fair value
(In millions of Korean won) amortized cost income through profit or loss Total
Financial assets
Loss on valuation
- (208,883) - (208,883)
(other comprehensive income)
Gain on valuation/disposal
- - 271,057 271,057
(profit or loss)
Interest income 339,242 - - 339,242
(668,955) - - (668,955)
(profit or loss)
Dividend income - 3,594 - 3,594
Impairment/reversal (profit or loss) (2,130) - - (2,130)
measured Other financial
(In millions of Korean won) at amortized cost liabilities(*) Total
Interest expense (45,883) (244,200) (290,083)
Foreign exchange differences (profit or loss) 477,397 132,902 610,299
(*) Other financial liabilities include lease liabilities which are not subject to categorizations, and collateralized borrowings.
5. Transfer of Financial Assets
The Company discounted trade receivables through factoring arrangements with banks during the years ended December 31, 2023
and 2022. Trade receivables provided as collaterals in factoring transactions have not been derecognized as they do not meet the
requirements for derecognition of financial assets as the Company retains substantially all the risks and rewards, including the recourse
in the event of default by the debtor. Financial liabilities recognized in these transactions are classified as ‘short-term borrowings’ on
the separate statement of financial position (refer to Note 12).
The carrying amount of the discounted trade receivables and the associated liabilities as of December 31, 2023 and 2022 are as
follows:
Carrying amount of the discounted trade receivables 5,625,163 2,381,512

Carrying amount of the associated liabilities 5,625,163 2,381,512

6. Financial Assets at Fair Value
(A) Details of financial assets at fair value as of December 31, 2023 and 2022 are as follows:
Equity instruments 1,854,503 1,364,325
Debt instruments 1 283
(B) Changes in financial assets at fair value for the years ended December 31, 2023 and 2022 are as follows:

Acquisition 15,515 -
Disposal (15,577) (10,976)
Fair value valuation gain (loss) 490,240 (285,585)
Other - (1,646)
Balance as of January 1 283 2,135

Disposal (282) (1,744)
Other - (108)
Balance as of December 31 1 283

(C) Changes in gain (loss) on valuation of financial assets at fair value through other comprehensive income for the years ended
Balance as of January 1 (166,635) 124,937

Fair value valuation gain (loss) 490,240 (285,585)
Reclassification to retained earnings due to disposal 16,627 (5,987)
Balance as of December 31 340,232 (166,635)
Income tax effects (94,077) 43,991
Total 246,155 (122,644)
(D) Details of listed equity securities of financial assets at fair value as of December 31, 2023 and 2022 are as follows:

(In millions of Korean won, Number of Percentage of Carrying amount Carrying amount
number of shares and percentage) shares owned ownership (%)(*) Acquisition cost (Market value) (Market value)
Samsung Heavy Industries Co., Ltd. 134,027,281 15.2 932,158 1,038,712 684,879
Hotel Shilla Co., Ltd. 2,004,717 5.1 13,957 131,108 166,592
iMarket Korea Inc. 647,320 1.9 324 5,560 6,538
Skylife Co., Ltd. 240,000 0.5 3,344 1,421 1,954
Yongpyong Resort Corporation 400,000 0.8 1,869 1,220 1,412
A-Tech Solution Co., Ltd. 1,592,000 15.9 26,348 17,241 12,879
Wonik Holdings Co., Ltd. 1,759,171 2.3 15,410 5,928 5,972
Wonik IPS Co., Ltd. 1,850,936 3.8 16,214 62,839 45,811
Dongjin Semichem Co., Ltd. 2,467,894 4.8 48,277 95,508 73,913
Soulbrain Holdings Co., Ltd. - - - - 10,989
Soulbrain Co., Ltd. 437,339 5.6 40,382 132,952 81,357
S&S Tech Corporation 1,716,116 8.0 65,933 77,740 45,220
YIK Corporation 9,601,617 11.7 47,336 47,864 26,933
KCtech Co., Ltd. 1,022,216 4.9 20,720 27,395 15,129
LOTvacuum Co., Ltd. 1,267,668 7.1 18,990 25,544 14,326
Newpower Co., Ltd. 2,140,939 4.9 12,739 11,240 7,579
Fine Semitech Corporation 1,522,975 7.0 43,009 37,541 23,758
DNF Co., Ltd. 810,030 7.0 20,964 19,400 10,692
Marvell Technology Inc. 173,187 0.0 11,705 13,468 8,129
SoundHound AI Inc. 1,702,957 0.7 13,719 4,655 3,820
Total 1,353,398 1,757,336 1,247,882
(*)
Ownership represents the Company’s ownership of the ordinary shares issued by each entity.

7. Trade and Non-Trade Receivables
(A) Trade and non-trade receivables as of December 31, 2023 and 2022 are as follows:

Receivables 27,421,756 1,927,564 20,720,707 2,945,898

Less: Loss allowance (58,740) (6,230) (56,432) (6,387)
Subtotal 27,363,016 1,921,334 20,664,275 2,939,511
Less: Non-current - (11,280) (161,052) (14,505)
Current 27,363,016 1,910,054 20,503,223 2,925,006
(B) Movements in the loss allowance for receivables for the years ended December 31, 2023 and 2022 are as follows:
2023 2022
Balance as of January 1 56,432 6,387 56,610 4,397

Bad debt expense (reversal) 2,308 (145) (178) 1,994
Write-off - (12) - (4)
Balance as of December 31 58,740 6,230 56,432 6,387
(C) The details of trade and non-trade receivables classified by past due date for the purpose of measuring expected credit losses as
of December 31, 2023 and 2022 are as follows:

Receivables not past due 26,584,115 1,747,904 19,948,076 2,237,287

Past due:
Less than 31 days past due(*) 430,299 142,166 581,231 651,489
31 days to 90 days past due 252,998 7,893 89,722 30,611
Over 90 days past due 154,344 29,601 101,678 26,511
Subtotal 837,641 179,660 772,631 708,611
Total 27,421,756 1,927,564 20,720,707 2,945,898
The Company does not consider the credit risk of non-trade receivables that are overdue for less than or equal to 31 days
(*)
has been significantly increased.
(D) The maximum exposure to current credit risk is equivalent to the carrying amount of receivables as of December 31, 2023. The
Company has entered into insurance contracts with insurers for its major receivables.

8. Inventories
Inventories as of December 31, 2023 and 2022 are as follows:

Gross Valuation Carrying Gross Valuation Carrying
(In millions of Korean won) amount allowance amount amount allowance amount
Finished goods 7,914,117 (1,203,662) 6,710,455 8,589,879 (956,427) 7,633,452
Work in process 21,866,523 (3,863,881) 18,002,642 16,738,121 (1,216,059) 15,522,062
Raw materials and supplies 4,910,170 (861,821) 4,048,349 4,891,951 (492,006) 4,399,945
Materials in transit 576,705 - 576,705 434,548 - 434,548
Total 35,267,515 (5,929,364) 29,338,151 30,654,499 (2,664,492) 27,990,007
Inventories recognized as an expense for the year ended December 31, 2023, amount to W 142,735,272 million (2022: W
151,436,315 million). The amount includes a loss on the valuation of inventories.
9. Investments in Subsidiaries, Associates and Joint Ventures
(A) Changes in investments in subsidiaries, associates and joint ventures for the years ended December 31, 2023 and 2022 are as
follows:

Acquisition 108,300 1,272,296
Disposal (144,317) (164,503)
Impairment reversal 31,206 63,857

(B) Major investments in associates as of December 31, 2023 are as follows:
(refer to Note 30 for list of the Company’s subsidiaries)
Principal
Investee Nature of relationship with associate ownership (%)(*1) location period-end
Manufacture and supply electronic components
Samsung Electro-
including passive components, circuit boards, 23.7 Korea December
Mechanics Co., Ltd.
and modules
Provide IT services including computer
Samsung SDS Co., Ltd. programming, system integration and 22.6 Korea December
management, and logistical services
Samsung Biologics Co., Ltd. Investment in new business 31.2 Korea December
Manufacture and supply electronic parts

Samsung SDI Co., Ltd. (*2) 19.6 Korea December
including secondary cell batteries
Cheil Worldwide, Inc. Advertising agency 25.2 Korea December
(*2) The Company’s ownership of ordinary shares outstanding is 20.6%.

(C) A summary of the condensed financial information of major subsidiaries and associates as of and for the years ended
December 31, 2023 and 2022 is as follows:
(1) Major subsidiaries
2023
Profit (loss)
(In millions of Korean won) Assets Liabilities Sales for the year
Samsung Display Co., Ltd. (SDC) 65,328,568 7,266,213 27,083,336 8,268,314

Samsung Asia Pte. Ltd. (SAPL) 22,234,942 282,614 - 14,140,195
Samsung (China) Semiconductor Co., Ltd. (SCS) 15,808,283 870,453 8,693,788 877,892
Samsung India Electronics Private Ltd. (SIEL) 7,738,259 3,373,730 15,216,331 1,153,256
Samsung Eletronica da Amazonia Ltda. (SEDA) 5,542,627 1,587,911 7,222,304 333,812
SEMES Co., Ltd. 2,187,919 659,607 2,502,143 58,754
Samsung Electronics Mexico S.A. De C.V. (SEM) 2,153,032 1,038,115 3,638,080 148,873
Samsung Electronics Taiwan Co., Ltd. (SET) 1,797,627 1,139,056 4,108,479 56,467
(*)
The above summary of condensed financial information is based on separate financial statements of each subsidiary.
2022
Profit (loss)
(In millions of Korean won) Assets Liabilities Sales for the year
Samsung Display Co., Ltd. (SDC) 57,302,567 7,282,718 30,779,405 4,365,588

Samsung Asia Private Ltd. (SAPL) 26,894,611 2,678,285 - 8,699,679
Samsung (China) Semiconductor Co., Ltd. (SCS) 17,095,000 2,970,835 9,679,757 638,385
Samsung India Electronics Private Ltd. (SIEL) 6,772,537 3,571,863 16,180,492 508,510
Samsung Eletronica da Amazonia Ltda. (SEDA) 4,600,508 1,342,517 7,485,104 (38,490)
Samsung Electronics Hungarian Private Co., Ltd. (©) 2,374,317 452,628 3,935,745 199,742
SEMES Co., Ltd. 2,065,558 602,323 2,889,238 185,762
(*) The above summary of condensed financial information is based on separate financial statements of each subsidiary.
(2) Major associates
2023
Samsung
Electro- Samsung Samsung Samsung Cheil
Mechanics SDS Co., Biologics SDI Co., Worldwide,
(In millions of Korean won) Co., Ltd. Ltd. Co., Ltd. Ltd. Inc.
Current assets 5,208,418 8,160,300 5,521,988 9,187,029 2,372,420

Revenue 8,909,348 13,276,844 3,694,589 22,708,300 4,138,275

Profit from continuing operations(*) 430,839 693,422 857,691 2,009,207 187,302
Profit or loss from discontinued operation, net of tax(*) (7,883) - - - -
Other comprehensive income (loss) (*) 45,054 (11,085) (11,673) 85,394 3,685
Total comprehensive income(*) 468,010 682,337 846,018 2,094,601 190,987
(*) Profit (loss) attributable to owners of the parent company.
2022
Samsung
Electro- Samsung Samsung Samsung Cheil
Mechanics SDS Co., Biologics SDI Co., Worldwide,
(In millions of Korean won) Co., Ltd. Ltd. Co., Ltd. Ltd. Inc.
Current assets 4,888,319 8,005,764 6,457,657 9,651,702 2,193,979

Revenue 9,441,276 17,234,750 3,001,295 20,124,070 4,253,367

Profit from continuing operations(*) 1,009,739 1,099,745 798,056 1,952,149 193,732
Loss from discontinued operation, net of tax(*) (29,187) - - - -
Other comprehensive income (loss)(*) (9,601) 80,368 6,995 (139,877) (1,122)
Total comprehensive income(*) 983,918 1,180,113 805,051 1,812,272 192,610
(*) Profit (loss) attributable to owners of the parent company.

(D) Fair value of marketable investments in associates as of December 31, 2023 and 2022 is as follows:

(In millions of Korean won Number of Carrying Carrying
and number of shares) shares held Market value amount Market value amount
Samsung Electro-Mechanics Co., Ltd. 17,693,084 2,710,580 445,244 2,308,947 445,244
Samsung SDS Co., Ltd. 17,472,110 2,970,259 560,827 2,149,070 560,827
Samsung Biologics Co., Ltd. 22,217,309 16,885,155 1,595,892 18,240,411 1,595,892
Samsung SDI Co., Ltd. 13,462,673 6,354,382 1,242,605 7,956,440 1,242,605
Cheil Worldwide, Inc. 29,038,075 552,595 491,599 669,328 491,599

10. Property, Plant and Equipment
(A) Changes in property, plant and equipment for the years ended December 31, 2023 and 2022 are as follows:
2023
Machinery
Buildings and and Construction
(In millions of Korean won) Land structures equipment in progress Other Total

(1,570) (13,202,404) (138,396,799) - (2,813,588) (154,414,361)
and impairment
131,535 5,509,158 31,107,219 5,907,608 461,345 43,116,865
expenditures(*)
Depreciation (1,003) (2,135,709) (22,908,637) - (574,245) (25,619,594)
Impairment (2,277) (25,652) (95,125) - (5,330) (128,384)
Disposals/scrap - (27,715) (24,920) - (1,547) (54,182)
Other (22) (2,408) (12,290) (641) 12,831 (2,530)
(2,398) (15,250,052) (158,795,030) - (3,217,184) (177,264,664)
and impairment
(*) Acquisitioncost and capital expenditures include amounts reclassified from constructions in progress. Capitalized borrowing costs amount to ₩646,471
million, and the capitalization interest rate used to calculate the capitalized borrowing costs is 4.6%.
2022
Machinery
Buildings and and Construction
(In millions of Korean won) Land structures equipment in progress Other Total

(1,131) (11,402,716) (118,352,148) - (2,421,359) (132,177,354)
and impairment
154 3,246,081 26,182,600 13,481,591 1,085,750 43,996,176
expenditures(*)
Depreciation (439) (1,827,588) (21,889,623) - (594,290) (24,311,940)
Disposals/scrap (27,720) (20,264) (137,496) - (8,247) (193,727)
Other - 6,577 135,746 (20,729) (12,142) 109,452
(1,570) (13,202,404) (138,396,799) - (2,813,588) (154,414,361)
and impairment
(*) Acquisitioncost and capital expenditures include amounts reclassified from constructions in progress. Capitalized borrowing costs amount to ₩40,577
million, and the capitalization interest rate used to calculate the capitalized borrowing costs is 4.1%.

(B) Changes in the right-of-use assets included in the property, plant and equipment for the years ended December 31, 2023 and
2023
Balance as of January 1 1,866 642,700 22,135 569,312 1,236,013

Acquisition 3,712 863,062 1,728 4,554 873,056
Depreciation (1,003) (189,855) (16,057) (40,749) (247,664)
Cancellation of contract - (20,500) - (234) (20,734)
Other - (114) 336 20 242
2022
Balance as of January 1 2,279 510,528 39,038 178,480 730,325

Acquisition 26 261,999 1,380 410,088 673,493
Depreciation (439) (128,754) (23,276) (19,120) (171,589)
Disposals/scrap - (1,070) - (737) (1,807)
Other - (3) 4,993 601 5,591
Balance as of December 31 1,866 642,700 22,135 569,312 1,236,013
(C) Details of depreciation of property, plant and equipment for the years ended December 31, 2023 and 2022 are as follows:
Cost of sales 23,618,150 22,486,452

Selling and administrative expenses and other 2,001,444 1,825,488
Total 25,619,594 24,311,940

11. Intangible Assets
(A) Changes in intangible assets for the years ended December 31, 2023 and 2022 are as follows:
2023
(In millions of Korean won) property rights cost Membership Other Total
Balance as of January 1 1,193,286 85,018 199,870 7,083,250 8,561,424

External acquisitions 371,570 - 1,069 4,174,044 4,546,683
Amortization (229,849) (85,018) - (2,299,322) (2,614,189)
Disposals/scrap (40,944) - (7,850) (560) (49,354)
Impairment (6,265) - 3,738 (3,114) (5,641)
Other - - - 1,288 1,288
Balance as of December 31 1,287,798 - 196,827 8,955,586 10,440,211
2022
(In millions of Korean won) property rights cost Membership Other Total
Balance as of January 1 1,226,241 236,910 195,135 6,999,170 8,657,456

External acquisitions 232,768 - 5,795 2,315,598 2,554,161
Amortization (217,808) (151,892) - (2,235,367) (2,605,067)
Disposals/scrap (47,915) - (197) - (48,112)
Impairment - - (863) - (863)
Other - - - 3,849 3,849
Balance as of December 31 1,193,286 85,018 199,870 7,083,250 8,561,424
(B) Details of amortization of intangible assets for the years ended December 31, 2023 and 2022 are as follows:
Cost of sales 2,016,938 2,006,928

Total 2,614,189 2,605,067

12. Borrowings
(A) Details of the carrying amounts of borrowings as of December 31, 2023 and December 31, 2022 are as follows:
Financial Maturity Interest rate (%) December 31, December 31,

(In millions of Korean won) institutions Date as of Dec 31, 2023 2023 2022
Woori Bank -
Collateralized borrowings(*1) 0.0 ~ 17.3 5,625,163 2,381,512
and other
Total 5,625,163 2,381,512
Current portion of
long-term borrowings
Lease liabilities(*2) - - 2.9 222,137 129,525
Total 222,137 129,525
Lease liabilities(*2) - - 2.9 912,035 654,979
Non-collateralized Samsung Aug 16,
4.6 21,990,000 -
borrowings Display Co. 2025
Total 22,902,035 654,979
(*1)Collateralized borrowings are secured by trade receivables.

(*2)Interest expenses arising from the lease liabilities for the years ended December 31, 2023 and 2022 amount to W 28,282 million and W
10,876 million, respectively, which were determined using the weighted average incremental borrowing rate. Short-term lease payments
and low-valued asset lease payments that are not included in lease liabilities during the years ended December 31, 2023 and 2022 amount
to W 51,569 million and W 63,103 million, respectively.
(B) Maturities of unsecured borrowings outstanding as of December 31, 2023 are as follows:
Non-collateralized
(In millions of Korean won) Borrowings
Repayment in
2024 1,012,236
2025 22,873,362
Total 23,885,598
(C) Maturities of lease liabilities outstanding as of December 31, 2023 are as follows:
(In millions of Korean won) Lease liabilities

Repayment in
2024 257,823
2025 178,055
2026 198,744
2027 149,858
2028 and thereafter 481,592
Total 1,266,072

13. Debentures
(A) Details of the carrying amounts of debentures as of December 31, 2023 and 2022 are as follows:
Interest rate (%)

(In millions of Korean won) Issue date Due date as of Dec 31, 2023 December 31, 2023 December 31, 2022
US dollar denominated 25,788 31,683
Oct 2, 1997 Oct 1, 2027 7.7
straight bonds(*) (USD 20 million) (USD 25 million)
Less: Discounts (370) (543)
Less: Current portion (6,354) (6,228)
Total 19,064 24,912
(*) USdollar denominated straight bonds are repaid annually for twenty years after a ten-year grace period from the date of issuance.
Interest is paid semi-annually in arrears.
(B) Repayment schedule of debentures outstanding as of December 31, 2023 are as follows:
(In millions of Korean won) Debentures

Repayment in
2024 6,447
2025 6,447
2026 6,447
2027 6,447
Total 25,788

14. Net Defined Benefit Liabilities (Assets)
(A) Details of net defined benefit liabilities (assets) recognized in the statements of financial position as of December 31, 2023
Present value of funded defined benefit obligations 11,959,655 10,729,126

Present value of unfunded defined benefit obligations 22,672 29,546
Subtotal 11,982,327 10,758,672
Fair value of plan assets (15,728,024) (15,168,895)
Total (3,745,697) (4,410,223)
(B) The components of defined benefit costs recognized in profit or loss for the years ended December 31, 2023 and 2022 are as
follows:
Current service cost 962,366 1,030,033

Net interest income (275,246) (91,902)
Total 687,120 938,131
The amount recognized as expenses of defined contribution plans for the years ended December 31, 2023 and 2022 are W 48,884
million and W 36,580 million, respectively
(C) The expenses related to the defined benefit plans recognized in the statements of profit or loss for the years ended December
31, 2023 and 2022 are as follows :
Cost of sales 271,113 373,835

Total 687,120 938,131
(D) Changes in the defined benefit obligations for the years ended December 31, 2023 and 2022 are as follows:

Current service cost 962,366 1,030,033
Interest cost 613,363 401,973
Remeasurement:
Actuarial gains or losses arising from changes in
(61,559) -
demographic assumptions
Actuarial gains or losses arising from changes in financial
226,995 (1,779,803)
assumptions
Other 117,800 356,672
Benefits paid (653,343) (455,787)
Other 18,033 31,948

(E) Changes in the fair value of plan assets for the years ended December 31, 2023 and 2022 are as follows:

Interest income on plan assets 888,609 493,875
Remeasurement of plan assets (494,687) (249,943)
Contributions by employer 694,100 1,757,800
Benefits paid (537,855) (355,311)
Other 8,962 24,547
The reasonable estimate of the employer contributions expected to be paid in 2024 in respect of the defined benefit plans as of
December 31, 2023 is W 1,347,628 million.
(F) As of December 31, 2023, plan assets are invested in fixed income instruments with guaranteed principal and others.
(G) The principal actuarial assumptions as of December 31, 2023 and 2022 are as follows:
(In percentage) December 31, 2023 December 31, 2022
Discount rate 5.6 6.1

Salary growth rate (including the effects of inflation) 5.6 5.8
(H) The sensitivity analysis of the defined benefit obligations as of December 31, 2023 and 2022 to changes in the principal
assumptions is as follows:
Defined benefit obligations

Discount rate
1%p increase 10,888,509 9,947,680
1%p decrease 13,258,187 11,689,622
Salary growth rate
1%p increase 13,242,324 11,703,469
1%p decrease 10,880,916 9,922,271
(I) The weighted average maturity of the defined benefit obligations is 9.89 years as of December 31, 2023.

15. Provisions
Changes in provisions for the year ended December 31, 2023 are as follows:
Royalty expenses Long-term

(In millions of Korean won) Warranty (A) (B) incentives (C) Other (D, E) Total
Balance as of January 1 587,665 1,546,606 549,181 2,799,204 5,482,656

Charged to profit or loss 815,216 573,194 348,381 2,052,943 3,789,734
Payment (728,930) (299,250) (183,843) (1,111,233) (2,323,256)
Other - (4,612) - 9,313 4,701
Balance as of December 31 673,951 1,815,938 713,719 3,750,227 6,953,835
(A) The Company accrues warranty provisions for estimated costs of quality assurance, exchanges, repairs, recalls, and future
services based on historical experience and terms of warranty programs.
(B) The Company recognizes provisions for the estimated royalty expenses that are under negotiation with counterparties. The
timing and amount of payment depend on the settlement of the negotiation.
(C) The Company has a long-term incentive plan for its executives based on a three-year management performance criteria and
recognizes a provision for the estimated incentive cost.
(D) The Company records provisions for estimated losses from contracts associated with discontinued products.

(E) The Company makes provisions for the emission in excess of the emission rights held by the Company. Details of emission
rights and liabilities as of December 31, 2023 are as follows:
(1) The amount of emission rights allocated free of charge in the current commitment period and the estimated amount of
emission as of December 31, 2023 are as follows:
(In million metric tons) December 31, 2023
Emission rights allocated free of charge(*) 11.76
Estimated volume of emission 13.62
(*)As of December 31, 2023, emission rights allocated free of charge for the remainder of the plan period are 22.34 million metric ton (2024:
11.17 million metric tons, 2025: 11.17 million metric tons).
(2) Changes in the emission rights for the years ended December 31, 2023 and 2022 are as follows:
Utilization (17,695) (28,378)
Balance as of December 31(*) 3,137 19,567
(*) The quantity of emission rights is 39.64 million metric ton and no emission rights is provided as collateral as of December 31, 2023.
(3) Changes in the emission liabilities for the years ended December 31, 2023 and 2022 are as follows:
Charged to the statement of profit or loss (15,348) 16,154
Utilization (17,477) (28,378)
Balance as of December 31 - 32,825

16. Commitments and Contingencies
(A) Guarantees
(1) Debt guarantees provided by the Company for overseas subsidiaries as of December 31, 2023 are as follows:
(In millions of Korean won and thousands of US dollars)
Date of Amount of
Debtor Creditor maturity indebtedness Guaranteed amount
SETK BNP and others Dec 16, 2024 413,744 1,182,380
SEMAG SocGen and others Dec 16, 2024 10,399 123,782
Other Others - - 9,176,026
424,143 10,482,188
Total
USD 328,958 USD 8,129,508
(2) The ceiling amount of guarantees provided by the Company for the execution of contracts by overseas subsidiaries is W
478,560 million as of December 31, 2023.
(3) The Company has not been provided any collateral or guarantees from its related parties as of December 31, 2023.
(B) Litigation
As of December 31, 2023, the Company is involved in various claims, disputes, and investigations conducted by regulatory bodies
that arose during the normal course of business with numerous entities. Although the outflow of resources and timing of these
matters are uncertain, the Company believes the outcome will not have a material impact on the financial position of the Company.
(C) Joint liabilities related to the divestiture
The Company, Samsung Display Co., Ltd. and others are jointly and severally liable to fulfill the debts of Samsung Display Co.,
Ltd. and others which relate to the periods prior to Samsung Display Co., Ltd.’s separation from the Company.
(D) Other commitments
(1) As of December 31, 2023, the Company has trade financing agreements, trade notes receivable discounting facilities, and
loan facilities secured by accounts receivable with 4 financial institutions, including Woori Bank, with a combined limit of
W 10,440,914 million. In addition, the Company has a trade financing agreement with 18 financial institutions, including
Shinhan bank, with a limit of USD 8,908 million, and loan facilities secured by accounts receivable with 4 financial
institutions, including Industrial Bank of Korea, with a limit of W 470,602 million.
(2) As of December 31, 2023, contractual commitments for the acquisition of property, plant and equipment and intangible
assets amount to W 6,962,653 million.

17. Contract Liabilities
The Company has recognized contract liabilities related to contracts with customers as follows:
Contract liabilities(*) 1,491,085 1,133,426

(*) Contract liabilities include advances received, accrued expenses, other current liabilities and others.
The revenue recognized for the year ended December 31, 2023 in relation to the contract liabilities carried forward as of January 1,
2023 amounts to W 262,592 million.
18. Share Capital
As of December 31, 2023, the Company’s total number of authorized shares is 25,000,000,000 shares (W 100 per share). As well as
its ordinary shares, the Company also has non-cumulative preference shares that are eligible for an additional 1% cash dividend over
par value per annum compared to ordinary shares, but without voting rights. The Company has issued 5,969,782,550 shares of
ordinary shares and 822,886,700 shares of preference shares as of December 31, 2023, excluding the number of retired shares. As of
the December 31, 2023, the number of shares outstanding is the same as the number of shares aforementioned with no changes during
the years ended December 31, 2023 and 2022. Due to the retirement of shares, the total par value of the shares issued which excludes
the number of retired shares is W 679,267 million (ordinary shares of W 596,978 million and preference shares of W 82,289 million),
which does not agree with paid-in capital of W 897,514 million.
19. Retained Earnings
(A) Retained earnings as of December 31, 2023 and 2022 consist of the following:
Appropriated retained earnings

Legal reserves:
Earned profit reserves(*) 450,789 450,789
Discretionary reserves 201,484,221 185,870,540
Subtotal 201,935,010 186,321,329
Unappropriated retained earnings 18,028,341 18,066,687
Total 219,963,351 204,388,016
The Commercial Code of the Republic of Korea requires the Company to appropriate as a legal reserve, an amount equal to a minimum of 10%
(*)
of annual cash dividends declared, until the reserve equals 50% of the aggregate par value of issued capital stock. As of December 31, 2023,
since the Company’s profit reserves reached 50% of its capital stock, the Company has no obligation to appropriate additional amount.

(B) Separate statements of appropriation of retained earnings for the years ended December 31, 2023 and 2022 are as follows:
The appropriation of retained earnings for the year ended December 31, 2023, is expected to be appropriated at the general
shareholders’ meeting to be held on March 20, 2024. The appropriation date for the year ended December 31, 2022 was March 15,
2023.
Retained earnings before appropriations

Unappropriated retained earnings carried over from prior year 30 30
Interim dividends:
In 2023 - W 1,083 (dividend rate: 1083%) (7,356,461) (7,356,461)
In 2022 - W 1,083 (dividend rate: 1083%)
Disposal of financial assets measured at fair value through profit or loss (12,327) 4,340
Retained earnings available for appropriation 18,028,341 18,066,687
Transfers from other reserves - -
Appropriations of retained earnings
Cash dividends: 2,452,976 2,452,976
In 2023:
Ordinary shares - W 361 (dividend rate: 361%)
Preference shares - W 362 (dividend rate: 362%)
In 2022:
Ordinary shares - W 361 (dividend rate: 361%)
Preference shares - W 362 (dividend rate: 362%)
Reserve for research and human resources development 15,575,335 15,613,681
Total appropriations of retained earnings 18,028,311 18,066,657
Unappropriated retained earnings to be carried forward 30 30

(C) Details of interim and year-end dividends are as follows:
(1) Interim dividends (Record date: March 31, June 30 and September 30, 2023 and 2022)

Ordinary shares 5,969,782,550 5,969,782,550
1st Quarter
Total 2,452,154 2,452,154
Ordinary shares 5,969,782,550 5,969,782,550
2nd Quarter
Total 2,452,154 2,452,154
Ordinary shares 5,969,782,550 5,969,782,550
3rd Quarter
Total 2,452,154 2,452,154
(2) Year-end dividends (Record date: December 31, 2023 and 2022)

Ordinary shares 5,969,782,550 5,969,782,550
Ordinary shares 361% 361%
Dividend rate (based on par value)
Preference shares 362% 362%
Total 2,452,976 2,452,976

20. Other Components of Equity
Other components of equity as of December 31, 2023 and 2022 are as follows:
Gain (loss) on valuation of financial assets at fair value
246,155 (122,644)
Remeasurement of net defined benefit assets (2,483,547) (1,910,996)
Others 1,760,408 1,760,408
Total (476,984) (273,232)
21. Expenses by Nature
Expenses by nature for the years ended December 31, 2023 and 2022 are as follows:
Changes in finished goods, work in process, and other (1,557,583) (10,475,794)

Raw materials used, merchandise purchased, and other 89,350,845 107,383,581
Depreciation 25,619,594 24,311,940
Amortization 2,614,189 2,605,067
Welfare 3,307,047 3,220,421
Utilities 5,051,847 3,779,467
Outsourcing 3,791,485 3,623,225
Advertising 1,747,480 1,662,135
Other 35,998,841 33,215,755
Total(*) 181,900,387 186,548,154
(*) Equal to sum of cost of sales and selling and administrative expenses in the separate statements of profit or loss.


Commissions 3,566,826 2,652,491
Depreciation 468,454 412,787
Advertising 1,747,480 1,662,135
Transportation 541,902 790,774
Service 981,945 935,838
Other 2,352,176 2,333,072
Subtotal 14,023,986 13,014,710
Total 37,876,835 33,958,761

Commissions 3,566,826 2,652,491
Depreciation 468,454 412,787
Advertising 1,747,480 1,662,135
Transportation 541,902 790,774
Service 981,945 935,838
Other 2,352,176 2,333,072
Subtotal 14,023,986 13,014,710
Total 37,876,835 33,958,761

24. Financial Income and Expenses
Details of financial income and expenses for the years ended December 31, 2023 and 2022 are as follows:
Financial income
Interest income 371,106 339,242
Financial assets measured at amortized cost 371,106 339,242
Gain from derivatives 365,451 270,573
Total 7,388,664 9,734,299
Financial expenses
Interest expenses 595,765 290,083
Financial liabilities measured at amortized cost 310,267 45,883
Other financial liabilities 285,498 244,200
Total 7,598,459 9,641,742
The Company recognizes foreign exchange gains and losses arising from foreign currency transactions and translation as financial
income and expenses.

25. Income Tax Expense
(A) Income tax expense for the years ended December 31, 2023 and 2022 consists of the following:
Current taxes
Current tax on profits for the year 337,983 5,926,928
Adjustments recognized in the current year (487,822) (449,536)
Subtotal (149,839) 5,477,392
Deferred taxes
Changes in deferred taxes arising from unused tax credits (4,713,725) (1,010,632)
Changes in deferred taxes arising from temporary differences (2,073,330) (193,618)
Changes in deferred taxes arising from unused tax losses (928,705) -
Subtotal (7,715,760) (1,204,250)
Income tax expense (7,865,599) 4,273,142
(B) The difference between the income tax expense on the Company’s profit before tax and the theoretical amount computed
using the tax rate applicable to the Company’s profit before tax is as follows:
Profit before income tax 17,531,500 29,691,920

Tax calculated at tax rates applicable to profits(*) 4,628,316 8,165,278
Adjustments:
Non-taxable income (7,340,802) (47,446)
Non-deductible expense 6,256 507,992
Tax credits (5,082,791) (4,133,747)
Other (76,578) (218,935)
Subtotal (12,493,915) (3,892,136)
Income tax expense (7,865,599) 4,273,142
(*) The statutory tax rate regulated by tax laws as of December 31, 2023 and 2022 is applied.

(C) The movement in deferred income tax assets and liabilities for the years ended December 31, 2023 and 2022 are as follows:
2023 2022
Balance Balance Balance Balance
as of Increase as of as of Increase as of
(In millions of Korean won) January 1 (Decrease) December 31 January 1 (Decrease) December 31
Deferred tax arising from temporary differences

Revaluation of land (898,505) (182) (898,687) (936,822) 38,317 (898,505)
(819,038) 590,734 (228,304) (853,165) 34,127 (819,038)
and joint ventures(*1,2)
Accumulated depreciation and other (1,634,038) 225,356 (1,408,682) (675,483) (958,555) (1,634,038)
Accrued income (2,487) (1,077) (3,564) (14,879) 12,392 (2,487)
Provisions, accrued expenses, and other 3,613,572 1,819,455 5,433,027 3,052,034 561,538 3,613,572
Foreign currency translation 147,194 (22,342) 124,852 (1,461) 148,655 147,194
Asset impairment losses 184,282 (2,641) 181,641 220,916 (36,634) 184,282
Post-employment benefits (1,427,630) (451,597) (1,879,227) (1,675,673) 248,043 (1,427,630)
Other 624,180 (84,376) 539,804 478,445 145,735 624,180
Subtotal (212,470) 2,073,330 1,860,860 (406,088) 193,618 (212,470)
Deferred tax arising from tax losses
Unused tax losses - 928,705 928,705 - - -
Deferred tax arising from unused tax credits
Unused tax credits 1,625,525 4,713,725 6,339,250 614,893 1,010,632 1,625,525
Deferred tax recognized in equity
Loss (gain) on valuation of financial assets at fair value
43,991 (132,286) (88,295) (34,358) 78,349 43,991
through other comprehensive income and other
Remeasurement of net defined benefit assets 685,466 205,372 890,838 1,036,653 (351,187) 685,466
Subtotal 729,457 73,086 802,543 1,002,295 (272,838) 729,457
Total 2,142,512 7,788,846 9,931,358 1,211,100 931,412 2,142,512
(*1)Deferred tax assets are not recognized if it is probable that the temporary differences will not reverse in the foreseeable future for investments in
subsidiaries, associates and joint ventures.
(*2) Difference
in carrying amount for accounting and tax purposes for the shares of Samsung Display Co., Ltd., the Company’s subsidiary, acquired
through spin-off of the LCD division in the past. As of the reporting date, the Company does not have plans to dispose of its investments in Samsung
Display Co., Ltd. As it is probable that the temporary differences of W 1,086,822 million will not reverse in the foreseeable future, deferred tax
assets were not recognized.

(D) Details of the period when the deferred tax assets (liabilities) are expected to be recovered (settled) as of December 31, 2023
Net deferred tax assets to be recovered (settled) within 12 months 5,055,283 2,267,807
Net deferred tax assets (liabilities) to be recovered (settled) after more than 12 months 4,876,075 (125,295)
Total 9,931,358 2,142,512
(E) Global minimum top-up tax
The global minimum top-up is a system under which multinational companies with consolidated revenue of €750 million or more in
at least two of the four preceding financial years are required to pay a substantial amount of tax to the tax authorities of the country
in which the parent company resides if their effective tax rate in those countries is less than 15%.
The Republic of Korea, where the Company is domiciled, enacted the Global Minimum Tax Act in 2023, which requires the
application of the Global Minimum Tax for accounting periods beginning on or after January 1, 2024.
The Company believes that it will be subject to the Global Minimum Tax Act, but as the Global Minimum Tax Act will be effective
in the Republic of Korea from January 1, 2024, there is no impact on the Company's current income tax expense. In addition, the
Company has applied the temporary exemption for deferred taxes under Korean IFRS 1012 and has not recognized any deferred tax
assets or liabilities related to the global minimum tax law and has not disclosed any deferred tax information.
As the legislation in the countries where the Company’s subsidiaries are located that are primarily affected by the global minimum
top-up tax legislation has not been enacted or specific legislation is in the process of being enacted, it is not possible to reasonably
estimate the impact on the Company as at December 31, 2023. Each of the Company’s subsidiaries is reviewing the impact on its
financial statements with tax experts in each country.

26. Earnings per Share
(A) Basic earnings per share
Basic earnings per share for the years ended December 31, 2023 and 2022 are calculated as follows:
(1) Ordinary shares

Profit for the year available for ordinary shares 22,319,686 22,338,739
Weighted-average number of ordinary shares outstanding 5,969,783 5,969,783
Basic earnings per ordinary share (in Korean won) 3,739 3,742
(2) Preference shares

Profit for the year available for preference shares 3,077,413 3,080,039
Weighted-average number of preference shares outstanding 822,887 822,887
Basic earnings per preference share (in Korean won) 3,740 3,743
(B) Diluted earnings per share
The Company does not have dilutive potential ordinary shares and as a result, basic earnings per share and diluted earnings per share
are the same for the years ended December 31, 2023 and 2022.

27. Statements of Cash Flows
(A) The Company used the indirect method to present cash flows from operating activities. Adjustments and changes in assets and
liabilities arising from operating activities for the years ended December 31, 2023 and 2022 are as follows:
- Adjustments
Adjustments :
Income tax expense (income) (7,865,599) 4,273,142
Financial income (995,482) (1,224,148)
Financial expenses 1,316,292 1,565,955
Post-employment benefits 736,004 974,711
Depreciation 25,619,594 24,311,940
Amortization 2,614,189 2,605,067
Bad debt expense (reversal) 2,308 (178)
Dividend income (29,096,899) (3,952,338)
Gain on disposal of property, plant and equipment (105,553) (115,861)
Loss on valuation of inventories and others 3,558,358 2,529,351
Others 74,820 52,905
Total (4,092,924) 31,039,388
- Changes in assets and liabilities arising from operating activities

Changes in assets and liabilities :

Decrease (increase) in trade receivables (6,883,154) 12,354,628
Decrease (increase) in non-trade receivables 612,652 (711,933)
Decrease (increase) in prepaid expenses (339,588) 11,033
Increase in inventories (4,399,456) (14,337,291)
Decrease in trade payables (701,579) (2,494,560)
Increase (decrease) in other payables (335,900) 1,522,457
Decrease in advances received (18,100) (154,042)
Decrease in withholdings (77,884) (101,231)
Increase (decrease) in accrued expenses (1,677,917) 88,828
Increase in provisions 1,076,981 74,664
Payment of post-employment benefits (702,328) (492,366)
Increase in plan assets (156,245) (1,402,489)
Other 386,971 (1,225,967)
Total (13,215,547) (6,868,269)

(B) Significant non-cash investing and financing transactions for the years ended December 31, 2023 and 2022 are as follows:
Valuation of financial assets at fair value through other comprehensive income 490,240 (285,585)
Reclassification of construction in progress to property, plant and equipment 38,188,436 30,539,179
Acquisition of right-of-use assets (new lease contracts established) 873,056 673,493
Reclassification of current portion of debentures and long-term borrowings 228,492 135,753
(C) Changes in liabilities arising from financing activities for the years ended December 31, 2023 and 2022 are as follows:
(1) 2023

financing New lease As of
(In millions of Korean won) As of January 1 activities contracts Other(*) December 31
Short-term borrowings 2,381,512 3,274,337 - (30,686) 5,625,163

Debentures and long-term borrowings 815,644 21,804,684 567,652 (38,390) 23,149,590
Total 3,197,156 25,079,021 567,652 (69,076) 28,774,753
(2) 2022

financing New lease As of
(In millions of Korean won) As of January 1 activities contracts Other(*) December 31
Short-term borrowings 9,204,268 (6,700,826) - (121,930) 2,381,512

Debentures and long-term borrowings 600,291 (155,264) 673,493 (302,876) 815,644
Total 9,804,559 (6,856,090) 673,493 (424,806) 3,197,156
For the years ended December 31, 2023 and 2022, cash outflows from repayment of the principal of lease liabilities (financial
activities) amount to W 178,979 million and W 149,337 million, respectively, while cash outflows due to interest expenses (operating
activities) in relation to the lease liabilities amount to W 28,282 million and W 10,876 million, respectively.
(D) The Company recorded cash inflows and outflows from short-term financial instruments with frequent transactions, large
gross amounts and short-term maturities, as well as from short-term borrowings on a net basis. As of December 31, 2023, most
of the Company’s cash and cash equivalents consist mainly of bank deposits.

28. Financial Risk Management
The Company manages its financial risks with a focus on minimizing market risk, credit risk, liquidity risk and other risks arising
from its operating activities. To this end, the Company closely monitors and responds to each risk factor.
The Company establishes global financial management standards and manages the risks by periodically measuring customer’s and
counterparties’ financial risk, applying currency hedges, and reviewing cash flows.
The Company also manages foreign exchange risk by monitoring foreign exchange rate fluctuations through local financial centers
in the major regions (United States, United Kingdom, Singapore, China, Brazil, and Russia), which act as an agent for the subsidiaries
in each region to manage foreign exchange transactions. In addition, local finance centers in the major regions respond to liquidity
risk through a regionally integrated financial structure.
The Company’s financial assets subject to financial risk management consist of cash and cash equivalents, short-term financial
instruments, financial assets at amortized cost, trade receivables and others, while its financial liabilities consist of trade payables,
borrowings, and others.
(A) Market risk
(1) Foreign exchange risk
The Company is exposed to foreign exchange risk arising from its global operations through transactions in currencies other than its
functional currency. The main currencies in which the Company is exposed to foreign exchange risk are the US dollar and European
Euro.
The Company focuses on minimizing the impact of foreign exchange fluctuation by matching levels of assets and liabilities
denominated in each foreign currency. To minimize exchange position, the Company’s foreign exchange management policy requires
normal business transactions, including import and export, as well as financing transactions such as depositing and borrowing, to be
in local currency or match as closely as possible cash inflows and outflows incurred in the respective foreign currencies. This reduces
but does not eliminate, the foreign exchange risk to which the Company is exposed. Moreover, the Company periodically evaluates
and monitors the foreign exchange risk to efficiently mitigate such risk, and the speculative foreign exchange transactions are strictly
prohibited.
As of December 31, 2023 and 2022, the impact on profit or loss (before tax) of a 5% change in exchange rates on the Company’s
financial assets and financial liabilities denominated in a major foreign currency other than the functional currency would be as follows:

USD 201,224 (201,224) 77,795 (77,795)

EUR (25,356) 25,356 (53,114) 53,114

(2) Interest rate risk
Interest rate risk for floating interest rate financial instruments can be defined as the risk of changes in the fair value of components
of the statements of financial position due to changes in the market interest rates, and the risk of changes in the future cash flows
of interest income and expenses arising from investing and financing activities. The Company’s exposure to interest rate risk arises
primarily from interest-bearing deposits and floating interest rate debt obligations, and the Company manages its exposure to
interest rate risk to minimize uncertainty and cost of financing resulting from changes in interest rates.
(3) Price risk
The Company’s investment portfolio consists of direct and indirect investments in equity instruments classified as financial assets
at fair value through other comprehensive income, which is in line with the Company’s strategy.
As of December 31, 2023 and 2022, price fluctuation of marketable equity securities (listed stocks) by 1% would result in changes
in other comprehensive income (before income tax) of W 17,573 million and W 12,479 million, respectively.
(B) Credit risk
Credit risk arises during the normal course of transactions and investing activities where customers or other parties fail to discharge
an obligation. The Company monitors and sets the customer’s and counterparty’s credit limit on a periodic basis based on the
customer’s and counterparty’s financial conditions, default history and other factors. Adequate insurance coverage is maintained for
trade receivables related to trading partners situated in higher risk countries.
Credit risk can arise from transactions with financial institutions including financial instrument transactions such as cash and cash
equivalents, deposits, and derivative instruments. To minimize such risk, the Company transacts only with banks which have a strong
international credit rating (S&P A and above), and new transactions with financial institutions which the Company does not have an
existing relationship are subject to the completion of risk assessments prior to commencement of transactions. The Company generally
enters into financial agreements without restrictions, such as debt ratio covenants, provision of collateral and/or repayment of loans/
borrowings, and otherwise separate approvals are obtained.
The carrying amount of the Company’s financial assets net of impairment losses is the Company’s maximum exposure to credit risk.
(C) Liquidity risk
Liquidity risk is the risk that a company will have difficulty in meeting all its financial obligations. The Company’s main sources of
liquidity are cash generated from operations and funds raised from the capital markets and financial institutions, while its main
liquidity needs are for investments in production, research and development, working capital and dividends. Due to the nature of the
Company’s business, which involves large investments, maintaining adequate levels of liquidity is critical. The Company maintains
and manages adequate liquidity through forecasting periodic cash flows, estimating required cash levels, and monitoring inflows and
outflows of cash.
The Company has established Cash Pooling by region to respond effectively to liquidity risks, even when individual companies within
a region are underfunded. Cash Pooling is a system that shares funds between underfunded and overfunded companies, minimizing
the liquidity risk of individual companies, easing the burden of fund management, and reducing financial costs.
In addition, the Company has secured credit lines for its overseas subsidiaries by means of payment guarantees from the head office
in the event of large liquidity needs, and, at the end of the period, the Company had investment grade ratings of Aa2 from Moody’s
and AA- from S&P, enabling it to raise funds on the capital market in a timely manner.
As of December 31, 2023 and 2022, the maturity analysis of financial liabilities, based on the remaining period from the reporting
date to the contractual maturity date, is as follows:
December 31, 2023

Less than More than
(In millions of Korean won) 3 months ~ 6 months ~ 1 year 1 - 5 years 5 years
Financial liabilities 32,311,019 374,370 980,835 27,454,095 1,378,061
December 31, 2022

Less than More than
(In millions of Korean won) 3 months ~ 6 months ~ 1 year 1 - 5 years 5 years
Financial liabilities 31,354,944 316,725 1,096,183 2,431,415 472,135
The cash flows included in the maturity classification, based on the remaining period to the contractual maturity date, are
undiscounted expected cash outflows.
The maximum amount of liquidity risk in the form of payment and performance guarantees provided to subsidiaries as of December
31, 2023 and 2022, other than the financial liabilities mentioned above, is W 10,960,748 million and W 10,793,412 million,
respectively.
(D) Capital risk management
The purpose of capital management is to maintain a sound capital structure and protect the Company’s ability to continue to provide
benefits to its shareholders and stakeholders as a going concern. The Company monitors capital on the basis of credit ratings and debt
ratio.
The Company has maintained an AA- and Aa2 credit rating from S&P and Moody’s, respectively.
The debt ratio as of December 31, 2023 and 2022 are as follows:

Total equity 224,787,774 209,416,191
Debt ratio 32.1% 24.2%

(E) Fair value measurement
(1) Carrying amounts and fair value of financial instruments by category as of December 31, 2023 and 2022 are as follows:

(In millions of Korean won) Carrying amount Fair value Carrying amount Fair value
Financial assets
Cash and cash equivalents 6,061,451 (*1) 3,921,593 (*1)
Short-term financial instruments 50,071 (*1) 137 (*1)
Trade receivables 27,363,016 (*1) 20,503,223 (*1)

1,854,503 1,854,503 1,364,325 1,364,325
1 1 283 283
profit or loss
Other(*2) 5,365,519 393,235 5,470,355 (*1)
Total financial assets 40,694,561 31,259,916

Trade payables 7,943,834 (*1) 8,729,315 (*1)
Short-term borrowings 5,625,163 (*1) 2,381,512 (*1)
Other payables 15,015,578 (*1) 18,324,604 (*1)
Current portion of long-term liabilities 228,491 6,757 135,753 6,580

- Long-term borrowing 222,137 (*3) 129,525 (*3)
- Debentures 6,354 6,757 6,228 6,580

Debentures 19,064 21,695 24,912 27,845
Long-term borrowings 22,902,035 (*1)(*3) 654,979 (*3)
Long-term other payables 4,486,390 (*1) 2,083,790 (*1)
Other 3,652,969 (*1) 3,145,473 (*1)
Total financial liabilities 59,873,524 35,480,338
(*1) Assets and liabilities whose carrying amount is a reasonable approximation of fair value are excluded from the fair value disclosures.
(*2) Assets measured at the cost of W 4,972,284 million as at December 31, 2023, which is a reasonable estimate of fair value, are excluded from the
fair value disclosures.
(*3) Lease liabilities, classified under the current portion of long-term liabilities and long-term borrowings, are excluded from the fair
value disclosures in accordance with Korean IFRS 1107.

(2) Fair value hierarchy classifications of the financial instruments that are measured at or only disclosed their fair value as of
December 31, 2023

Assets
1,757,336 - 97,167 1,854,503
- - 1 1
profit or loss
Other - - 393,235 393,235
Liabilities
Debentures - 21,695 - 21,695
December 31, 2022

Assets
1,247,882 - 116,443 1,364,325
- - 283 283
profit or loss
Liabilities
Debentures - 27,845 - 27,845
The levels of the fair value hierarchy and its application to financial assets and liabilities are described below.
ㆍ Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities
ㆍ Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly or indirectly
ㆍ Level 3: Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs)
The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date. A market is
regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing
service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length
basis. These instruments are included in Level 1. The instruments included in Level 1 are listed equity investments, most of which
are classified as financial assets at fair value through other comprehensive income.
The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These
valuation techniques maximize the use of observable market data where available and rely as little as possible on entity-specific
estimates. If all significant inputs required to measure the fair value of an instrument are observable, the instrument is included in
Level 2.
If one or more of the significant inputs are not based on observable market data, the instrument is included in Level 3.

The Company performs the fair value measurements required for financial reporting purposes, including Level 3 fair values, and
discusses valuation processes and results in line with the financial reporting timelines. The Company’s policy is to recognize
transfers between levels at the end of the reporting period if corresponding events or changes in circumstances have occurred.
Specific valuation techniques used to value financial instruments include:
ㆍ Quoted market prices or dealer quotes for similar instruments

ㆍ The fair value of forward foreign exchange contracts is determined using forward exchange rates at the
reporting date, with the resulting value discounted to present value
Other techniques, such as discounted cash flow analysis, binomial distribution model, etcetera, are used to determine fair value for
the remaining financial instruments. For trade and other receivables that are classified as current assets, the book value approximates
a reasonable estimate of fair value.
(3) Valuation technique and the inputs
The Company utilizes a present value technique to discount future cash flows using proper interest rates for corporate bonds,
government and public bonds, and bank debentures that are classified as Level 2 in the fair value hierarchy.
The following table presents the valuation technique and the inputs used for major financial instruments classified as Level 3 as of
December 31, 2023.
(In millions of Korean won, and percentage)

Valuation
Classification Fair value Level 3 inputs Input range
technique
Financial assets at fair value through other comprehensive income
Discounted cash
Samsung Venture Investment 32,286 Weighted average cost
flow 17.1%
of capital
Discounted cash
MiCo Ceramics Co., Ltd. 33,973 Weighted average cost
flow 15.8%
of capital
Call option on equity Risk-free rate 3.2%
393,235 Binomial model
instruments Price Variance 69.5%

(4) Changes in Level 3 instruments for the years ended December 31, 2023 and 2022 are as follows:
Financial assets
Acquisitions 27,784 -
Disposals (343) (12,720)
Amount recognized in profit or loss 365,451 (108)
Amount recognized in other comprehensive income (19,215) 22,926
Other - (13,719)
Balance as of December 31 490,403 116,726
(5) Sensitivity analysis for recurring fair value measurements categorized within Level 3
Sensitivity analysis of financial instruments is performed to measure favorable and unfavorable changes in the fair value of financial
instruments which are affected by the unobservable parameters, using a statistical technique. When the fair value is affected by
more than two input parameters, the amounts represent the most favorable or unfavorable.
The results of the sensitivity analysis for effect on income or loss before tax from changes in inputs for major financial instruments
which are categorized within Level 3 and subject to sensitivity analysis are as follows:
(In millions of Korean won) Favorable changes Unfavorable changes
Classification Profit or loss Equity Profit or loss Equity

- 2,792 - (2,458)
other comprehensive income(*1)
Other(*2) 97,309 - (96,785) -
(*1) For equity securities, changes in fair value are calculated with the correlation between the discount rate and growth rate (-1.0%
~1.0%), which are significant unobservable inputs.
(*2) Changes in fair value were calculated based on the correlation between underlying asset price (20%) and price volatility (10%), which are
significant unobservable inputs.

29. Segment Information
The chief operating decision-maker has been identified as the Management Committee. The Company determines operating segments
based on the segment information reported to the Management Committee. The Management Committee reviews the operating profits
of each operating segment in order to evaluate the performance and to make strategic decisions regarding the allocation of resources
to each segment.
Revenue consists mostly of product sales. The operating segments are product-based and are identified based on the internal
organization and revenue streams. As of the reporting date, the operating segments are comprised of DX, DS, and others.
Total assets and liabilities of each operating segment are excluded from the disclosure as these have not been provided regularly to
the Management Committee.
(In millions of Korean won) DX DS Total(*)
Revenue 106,661,889 65,438,933 170,374,090

Depreciation 534,813 24,882,772 25,619,592
Amortization 1,682,132 696,457 2,614,189
Operating profit 5,256,921 (16,788,154) (11,526,297)
(In millions of Korean won) DX DS Total(*)
Revenue 117,257,647 97,102,386 211,867,483

Depreciation 542,437 23,589,388 24,311,940
Amortization 1,631,289 754,791 2,605,067
Operating profit 3,083,254 22,232,180 25,319,329

30. Related Party Transactions
(A) Subsidiaries
List of subsidiaries as of December 31, 2023 are as follows:
Percentage of
ownership (%)(*)
Samsung Electronics America, Inc. (SEA) Sale of electronic devices 100.0
Samsung International, Inc. (SII) Manufacture of electronic devices 100.0
Samsung Mexicana S.A. de C.V (SAMEX) Manufacture of electronic devices 100.0
Samsung Electronics Home Appliances America, LLC (SEHA) Manufacture of home appliances 100.0
Samsung Research America, Inc (SRA) R&D 100.0
SAMSUNG NEXT LLC (SNX) Management of overseas subsidiaries 100.0
SAMSUNG NEXT FUND LLC (SNXF) Venture capital investment fund 100.0
NeuroLogica Corp. Manufacture and sale of medical equipment 100.0
Samsung HVAC America, LLC Sale of air conditioning products 100.0
Joyent, Inc. Cloud services 100.0
SmartThings, Inc. Sale of smart home electronics 100.0
TeleWorld Solutions, Inc. (TWS) Installation of network devices 100.0
Samsung Semiconductor, Inc. (SSI) Sale of semiconductor and display panels 100.0
Samsung Federal, Inc. (SFI) R&D 100.0
Samsung Austin Semiconductor LLC. (SAS) Manufacture of semiconductors 100.0
Samsung Oak Holdings, Inc. (SHI) Management of overseas subsidiaries 100.0
SEMES America, Inc. Semiconductor equipment maintenance 100.0
Samsung Display America Holdings, Inc. (SDAH) Management of overseas subsidiaries 100.0
eMagin Corporation Development and manufacture of display panel 100.0
Samsung Electronics Canada, Inc. (SECA) Sale of electronic devices 100.0
AdGear Technologies Inc. Digital advertising platforms 100.0
America Samsung Eletronica da Amazonia Ltda. (SEDA) Manufacture and sale of electronic devices 100.0
Samsung Electronics Mexico S.A. De C.V. (SEM) Sale of electronic devices 100.0
Samsung Electronics Digital Appliance Mexico, SA de CV (SEDAM) Manufacture of home appliances 100.0
Samsung Electronics Latinoamerica (Zona Libre), S. A. (SELA) Sale of electronic devices 100.0
Samsung Electronics Latinoamerica Miami, Inc. (SEMI) Sale of electronic devices 100.0
Samsung Electronica Colombia S.A. (SAMCOL) Sale of electronic devices 100.0
Samsung Electronics Argentina S.A. (SEASA) Marketing and related services 100.0
Samsung Electronics Chile Limitada (SECH) Sale of electronic devices 100.0
Samsung Electronics Peru S.A.C. (SEPR) Sale of electronic devices 100.0
Samsung Electronics Venezuela, C.A. (SEVEN) Marketing and related services 100.0
Samsung Electronics Panama. S.A. (SEPA) Consulting 100.0
Harman International Industries, Inc. Management of overseas subsidiaries 100.0
Harman Becker Automotive Systems, Inc. Manufacture and sale of audio products, R&D 100.0
Harman Connected Services, Inc. Connected service provider 100.0
Harman Connected Services Engineering Corp. Connected service provider 100.0
Harman da Amazonia Industria Eletronica e Participacoes Ltda. Manufacture and sale of audio products 100.0
Harman de Mexico, S. de R.L. de C.V. Manufacture of audio products 100.0
Harman do Brasil Industria Eletronica e Participacoes Ltda. Sale of audio products, R&D 100.0
Harman Financial Group LLC Management company 100.0
Harman International Industries Canada Ltd. Sale of audio products 100.0
Harman International Mexico, S. de R.L. de C.V. Sale of audio products 100.0
Harman KG Holding, LLC Management of overseas subsidiaries 100.0
Percentage of
ownership (%)(*)
Harman Professional, Inc. Sale of audio products, R&D 100.0
Roon Labs, LLC. Sale of audio products 100.0
Beijing Integrated Circuit Industry International Fund, L.P Venture capital investment fund 61.4
China Materialia New Materials 2016 Limited Partnership Venture capital investment fund 99.0

Percentage of
ownership (%)(*)
Samsung Electronics (UK) Ltd. (SEUK) Sale of electronic devices 100.0
Samsung Electronics Ltd. (SEL) Management of overseas subsidiaries 100.0
Samsung Semiconductor Europe Limited (SSEL) Sale of semiconductor and display panels 100.0
Samsung Electronics GmbH (SEG) Sale of electronic devices 100.0
Samsung Electronics Holding GmbH (SEHG) Management of overseas subsidiaries 100.0
Samsung Semiconductor Europe GmbH (SSEG) Sale of semiconductor and display panels 100.0
Samsung Electronics France S.A.S (SEF) Sale of electronic devices 100.0
Samsung Electronics Italia S.P.A. (SEI) Sale of electronic devices 100.0
Samsung Electronics Iberia, S.A. (SESA) Sale of electronic devices 100.0
Samsung Electronics Portuguesa, Unipessoal, Lda. (SEP) Sale of electronic devices 100.0
Samsung Electronics Hungarian Private Co. Ltd. (SEH) Manufacture and sale of electronic devices 100.0
Samsung Electronics Europe Logistics B.V. (SELS) Logistics 100.0
Samsung Electronics Benelux B.V. (SEBN) Sale of electronic devices 100.0
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) Management of overseas subsidiaries 100.0
Samsung Electronics Nordic Aktiebolag (SENA) Sale of electronic devices 100.0
Samsung Electronics Slovakia s.r.o (SESK) Manufacture of TV and monitors 100.0
Samsung Display Slovakia, s.r.o., v likvidacii (SDSK) Toll processing of display panel 100.0
Samsung Electronics Polska, SP.Zo.o (SEPOL) Sale of electronic devices 100.0
Samsung Electronics Poland Manufacturing SP.Zo.o (SEPM) Manufacture of home appliances 100.0
Samsung Electronics Romania LLC (SEROM) Sale of electronic devices 100.0
Samsung Electronics Austria GmbH (SEAG) Sale of electronic devices 100.0
Samsung Electronics Switzerland GmbH (SESG) Sale of electronic devices 100.0
Samsung Electronics Czech and Slovak s.r.o. (SECZ) Sale of electronic devices 100.0
Europe
SAMSUNG ELECTRONICS BALTICS SIA (SEB) Sale of electronic devices 100.0
& CIS
Samsung Electronics Greece S.M.S.A (SEGR) Sale of electronic devices 100.0
Samsung Electronics Air Conditioner Europe B.V. (SEACE) Sale of air conditioning products 100.0
Samsung Nanoradio Design Center (SNDC) R&D 100.0
Samsung Denmark Research Center ApS (SDRC) R&D 100.0
Samsung Cambridge Solution Centre Limited (SCSC) R&D 100.0
SAMSUNG Zhilabs, S.L. Development and sale of network solution 100.0
FOODIENT LTD. R&D 100.0
Samsung Electronics Rus Company LLC (SERC) Sale of electronic devices 100.0
Samsung Electronics Rus Kaluga LLC (SERK) Manufacture of TV 100.0
Samsung Electronics Ukraine Company LLC (SEUC) Sale of electronic devices 100.0
Samsung R&D Institute Ukraine (SRUKR) R&D 100.0
Samsung Electronics Central Eurasia LLP (SECE) Sale of electronic devices 100.0
Samsung Electronics Overseas B.V. (SEO) Sale of electronic devices 100.0
Samsung R&D Institute Rus LLC (SRR) R&D 100.0
Samsung Electronics Caucasus Co. Ltd (SECC) Marketing 100.0
Samsung Electronics Uzbekistan Ltd. (SEUZ) Marketing 100.0
AKG Acoustics GmbH Manufacture and sale of audio products 100.0
Apostera UA, LLC Connected Service Provider 100.0
Harman Audio Iberia Espana Sociedad Limitada Sale of audio products 100.0
Harman Becker Automotive Systems GmbH 100.0
R&D
Harman Becker Automotive Systems Italy S.R.L. Sale of audio products 100.0
Harman Becker Automotive Systems Manufacturing Kft Manufacture of audio products, R&D 100.0

Percentage of
ownership (%)(*)
Harman Belgium SA Sale of audio products 100.0
Harman Connected Services AB. Connected service provider 100.0
Harman Finland Oy Connected service provider 100.0
Harman Connected Services GmbH Connected service provider 100.0
Harman Connected Services Poland Sp.zoo Connected service provider 100.0
Harman Connected Services UK Ltd. Connected service provider 100.0
Harman Consumer Nederland B.V. Sale of audio products 100.0
Harman Deutschland GmbH Sale of audio products 100.0
Harman France SNC Sale of audio products 100.0
Harman Holding Gmbh & Co. KG Management company 100.0
Harman Hungary Financing Ltd. Financing company 100.0
Harman Inc. & Co. KG Management of overseas subsidiaries 100.0
Harman International Estonia OU R&D 100.0
Harman International Industries Limited Sale of audio products, R&D 100.0
Harman International Romania SRL R&D 100.0
Harman Management Gmbh Management of overseas subsidiaries 100.0
Harman Professional Kft Manufacture of audio products, R&D 100.0
Harman Professional Denmark ApS Sale of audio products, R&D 100.0
Red Bend Software SAS Software design 100.0
Studer Professional Audio GmbH Sale of audio products, R&D 100.0
Harman Connected Services OOO Connected service provider 100.0
Harman RUS CIS LLC Sale of audio products 100.0
Percentage of
ownership (%)(*)
Samsung Gulf Electronics Co., Ltd. (SGE) Sale of electronic devices 100.0
Samsung Electronics Turkiye (SETK) Sale of electronic devices 100.0
Samsung Electronics Industry and Commerce Ltd. (SETK-P) Manufacture of electronic devices 100.0
Samsung Electronics Levant Co., Ltd. (SELV) Sale of electronic devices 100.0
Samsung Electronics Maghreb Arab (SEMAG) Sale of electronic devices 100.0
Samsung Electronics Egypt S.A.E (SEEG) Manufacture and sale of electronic devices 100.0
Samsung Electronics Israel Ltd. (SEIL) Marketing 100.0
Samsung Electronics Tunisia S.A.R.L (SETN) Marketing 100.0
Samsung Electronics Pakistan(Private) Ltd. (SEPAK) Marketing 100.0
Middle
Samsung Electronics Saudi Arabia Ltd. (SESAR) Sale of electronic devices 100.0
East
Samsung Semiconductor Israel R&D Center, Ltd. (SIRC) R&D 100.0
& Africa
Corephotonics Ltd. R&D 100.0
Samsung Electronics South Africa(Pty) Ltd. (SSA) Sale of electronic devices 100.0
Samsung Electronics South Africa Production (Pty) Ltd. (SSAP) Manufacture of TV and monitors 100.0
Samsung Electronics West Africa Ltd. (SEWA) Marketing 100.0
Samsung Electronics East Africa Ltd. (SEEA) Marketing 100.0
Global Symphony Technology Group Private Ltd. Management of overseas subsidiaries 100.0
Harman Connected Services Morocco Connected service provider 100.0
Harman Industries Holdings Mauritius Ltd. Management of overseas subsidiaries 100.0
Red Bend Ltd. Manufacture of audio products 100.0
Percentage of
ownership (%)(*)
Samsung Asia Pte. Ltd. (SAPL) Management of overseas subsidiaries 100.0
Samsung Electronics Singapore Pte. Ltd. (SESP) Sale of electronic devices 100.0
Samsung Malaysia Electronics (SME) Sdn. Bhd. (SME) Sale of electronic devices 100.0
Samsung Electronics Display (M) Sdn. Bhd. (SDMA) Manufacture of electronic devices 100.0
Samsung Electronics (M) Sdn. Bhd. (SEMA) Manufacture of home appliances 100.0
Samsung Vina Electronics Co., Ltd. (SAVINA) Sale of electronic devices 100.0
Samsung Electronics Vietnam Co., Ltd. (SEV) Manufacture of electronic devices 100.0
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) Manufacture of communication equipment 100.0
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) Manufacture and sale of electronic devices 100.0
Samsung Display Vietnam Co., Ltd. (SDV) Manufacture of display panels 100.0
DOWOOINSYS VINA COMPANY LIMITED Manufacture of display panel components 100.0
PT Samsung Electronics Indonesia (SEIN) Manufacture and sale of electronic devices 100.0
PT Samsung Telecommunications Indonesia (STIN) Sale of electronic devices and services 100.0
Thai Samsung Electronics Co., Ltd. (TSE) Manufacture and sale of electronic devices 91.8
Laos Samsung Electronics Sole Co., Ltd (LSE) Marketing 100.0
Asia Samsung Electronics Philippines Corporation (SEPCO) Sale of electronic devices 100.0
(Excluding Samsung Electronics Australia Pty. Ltd. (SEAU) Sale of electronic devices 100.0
China) Samsung Electronics New Zealand Limited (SENZ) Sale of electronic devices 100.0
Samsung India Electronics Private Ltd. (SIEL) Manufacture and sale of electronic devices 100.0
Red Brick Lane Marketing Solutions Pvt. Ltd. Marketing 100.0
Samsung Display Noida Private Limited (SDN) Manufacture of display panels 100.0
Samsung R&D Institute India-Bangalore Private Limited (SRI-
R&D 100.0
Bangalore)
Samsung R&D Institute Bangladesh Limited (SRBD) R&D 100.0
Samsung Nepal Services Pvt. Ltd. (SNSL) Service 100.0
Samsung Japan Corporation (SJC) Sale of semiconductor and display panels 100.0
Samsung R&D Institute Japan Co., Ltd. (SRJ) R&D 100.0
Samsung Electronics Japan Co., Ltd. (SEJ) Sale of electronic devices 100.0
Harman Connected Services Corp. India Pvt. Ltd. Connected service provider 100.0
Harman International (India) Private Limited Sale of audio products, R&D 100.0
Harman International Industries PTY Ltd. Management of overseas subsidiaries 100.0
Harman International Japan Co., Ltd. Sale of audio products, R&D 100.0
Harman Singapore Pte. Ltd. Sale of audio products 100.0

Percentage of
ownership (%)(*)
Samsung (CHINA) Investment Co., Ltd. (SCIC) Sale of electronic devices 100.0
Samsung Electronics Hong Kong Co., Ltd. (SEHK) Sale of electronic devices 100.0
Samsung Electronics Taiwan Co., Ltd. (SET) Sale of electronic devices 100.0
Tianjin Samsung Electronics Co., Ltd. (TSEC) Manufacture of TV and monitors 91.2
Suzhou Samsung Electronics Co., Ltd. (SSEC) Manufacture of home appliances 88.3
Samsung Suzhou Electronics Export Co., Ltd. (SSEC-E) Manufacture of home appliances 100.0
Samsung Electronics Suzhou Computer Co., Ltd. (SESC) R&D 100.0
Tianjin Samsung Telecom Technology Co., Ltd. (TSTC) Manufacture of communication equipment 90.0
Beijing Samsung Telecom R&D Center (SRC-Beijing) R&D 100.0
Samsung Electronics China R&D Center (SRC-Nanjing) R&D 100.0
Samsung Mobile R&D Center China-Guangzhou (SRC-Guangzhou) R&D 100.0
Samsung R&D Institute China-Shenzhen (SRC-Shenzhen) R&D 100.0
Shanghai Samsung Semiconductor Co., Ltd. (SSS) Sale of semiconductor and display panels 100.0
Samsung (China) Semiconductor Co., Ltd. (SCS) Manufacture of semiconductors 100.0
Samsung SemiConductor Xian Co., Ltd. (SSCX) Sale of semiconductor and display panels 100.0
China
Samsung Electronics Suzhou Semiconductor Co., Ltd. (SESS) Toll processing of semiconductor 100.0
Tianjin Samsung LED Co., Ltd. (TSLED) Manufacture of LED 100.0
Samsung Semiconductor (China) R&D Co., Ltd. (SSCR) R&D 100.0
Samsung Display Dongguan Co., Ltd. (SDD) Manufacture of display panels 100.0
Samsung Display Tianjin Co., Ltd. (SDT) Manufacture of display panels 95.0
SEMES (XIAN) Co., Ltd. Semiconductor equipment services 100.0
Samsung Semiconductor Investment L.P.Ⅰ Venture capital investment fund 99.0
Harman (China) Technologies Co., Ltd. Manufacture of audio products 100.0
Harman (Suzhou) Audio and Infotainment Systems Co., Ltd. Sale of audio products 100.0
Harman Automotive Electronic Systems (Suzhou) Co., Ltd. Manufacture of audio products, R&D 100.0
Harman Commercial (Shanghai) Co., Ltd. Sale of audio products 100.0
Harman Connected Services Solutions (Chengdu) Co., Ltd. Connected Service Provider 100.0
Harman Holding Limited Sale of audio products 100.0
Harman International (China) Holdings Co., Ltd. Sale of audio products, R&D 100.0
Harman Technology (Shenzhen) Co., Ltd. Sale of audio products, R&D 100.0

Percentage of
ownership (%)(*)
Samsung Display Co., Ltd. Manufacture and sale of display panels 84.8
SU Materials Manufacture of display components 50.0
STECO Co., Ltd. Manufacture of semiconductor components 70.0
SEMES Co., Ltd. Manufacture and sale of semiconductor/FPD 91.5
Samsung Electronics Service Co., Ltd. Repair services for electronic devices 99.3
Samsung Electronics Service Customer Satisfaction Co., Ltd. Call center for repair services for electronic devices 100.0
Samsung Electronics Sales Co., Ltd. Sale of electronic devices 100.0
Samsung Electronics Logitech Co., Ltd. General logistics agency 100.0
Samsung Medison Co., Ltd. Manufacture and sale of medical equipment 68.5
Stellar Forest Co., Ltd. Manufacture and processing of food products 100.0
Development and supply of semiconductor process
Mirero System Co., Ltd. 99.9
defect and quality control software
Dowooinssys Co., Ltd. Manufacture of display components 69.0
Gf-System Co., Ltd. Manufacture of display components 100.0
Harman International Korea Software development and supply 100.0
Domestic Samsung Venture Capital Union #28 Venture capital investment fund 99.0
Growth Type Private Equity Trust Specialized in
Investment in semiconductor industry 66.7
Semiconductors
System LSI Mutual Benefit Private Equity Trust Investment in semiconductor industry 62.5
Semiconductor Ecosystem General Private Equity Trust Investment in semiconductor industry 66.7

(B) Sale and purchase transactions
Sale and purchase transactions with related parties for the years ended December 31, 2023 and 2022 are as follows:
2023
Disposal of Purchase of
Sales and non- Purchases non-
Name of company(*1)
(In millions of other current and other current
Korean won) assets assets
Samsung Display Co., Ltd. 347,653 - 1,842,995 10,406
Samsung Electronics America, Inc. (SEA) 29,881,238 - 222,087 -
Samsung Asia Pte. Ltd. (SAPL) 16,989,574 - 21,813 -
Harman and its subsidiaries(*2) 938 - 56,890 -
Samsung Austin Semiconductor LLC. (SAS) 2,823 4,610 4,109,744 1,657
Samsung (China) Semiconductor Co., Ltd. (SCS) 83,033 38,085 8,691,615 12,435
Samsung Semiconductor, Inc. (SSI) 21,587,458 - 682,687 -
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) 4,338,706 196 20,044,847 591
Samsung (CHINA) Investment Co., Ltd. (SCIC) 4,892,443 - 10,186 -
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) 671,024 - - -
Samsung India Electronics Private Ltd. (SIEL) 3,714,751 210 4,636,864 -
Samsung Display Vietnam Co., Ltd. (SDV) 1,496,684 - - -
Samsung Electronics Vietnam Co., Ltd. (SEV) 2,434,796 18 13,251,399 774
Subsidiaries Samsung Eletronica da Amazonia Ltda. (SEDA) 1,449,960 - 13,791 -
Shanghai Samsung Semiconductor Co., Ltd. (SSS) 15,336,448 - - -
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) 542,912 4,101 5,209,254 -
Thai Samsung Electronics Co., Ltd. (TSE) 2,085,433 - 2,062,771 -
Samsung Electronics (UK) Ltd. (SEUK) 1,762,387 - 109,697 -
SEMES Co., Ltd. 7,285 - 2,245,344 -
Samsung Electronics Mexico S.A. De C.V. (SEM) 2,668,921 - 7,501 -
Samsung Electronics GmbH (SEG) 3,620,706 - 7,018 -
Samsung International, Inc. (SII) 264,826 51 6,397,400 -
Samsung Electronics Taiwan Co., Ltd. (SET) 3,500,155 - 1,261 -
Samsung Electronics Benelux B.V. (SEBN) 1,589,366 - 1,175 -
Samsung Electronics Europe Logistics B.V. (SELS) 5,070,057 - 8,132 -
Others 50,707,430 3,780 13,212,836 3,689
Total 175,047,007 51,051 82,847,307 29,552
Samsung SDS Co.,Ltd. 201,304 - 1,801,672 283,411
Samsung Electro-Mechanics Co., Ltd. 65,765 - 786,087 -
Associates Samsung SDI Co., Ltd. 68,343 - 374,035 31,668
and
joint ventures Cheil Worldwide Inc. 36,020 - 907,775 1,163
Others 601,887 - 968,224 9,167
Total 973,319 - 4,837,793 325,409
Samsung C&T Co., Ltd. 23,156 70 57,652 5,588,270
Other related
Other 468,819 - 762,644 190,405
parties(*3)
Total 491,975 70 820,296 5,778,675
S-1 4,532 - 444,657 23,479
Other
Others 200,836 - 281,667 512,899
Total 206,530 - 758,281 3,283,656
(*2) Transactions
with the intermediate parent company, Harman International Industries, Inc. and its subsidiaries.
Although these entities are not related parties of the Company in accordance with Korean IFRS 1024, they belong to the same large enterprise
(*3)
2022
Disposal of Purchase of
Sales and non- Purchases non-
Name of company(*1)
(In millions of other current and other current
Korean won) assets assets
Samsung Display Co., Ltd. 283,011 - 981,927 -
Samsung Electronics America, Inc. (SEA) 35,303,291 632 209,912 -
Samsung Asia Pte. Ltd. (SAPL) 42 - 30,982 -
Harman and its subsidiaries(*2) - - 76,891 -
Samsung (China) Semiconductor Co., Ltd. (SCS) 184,796 10,644 9,679,473 5,534
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) 8,668,668 - 25,941,259 831
Samsung (CHINA) Investment Co., Ltd. (SCIC) 1,588,710 - 9,035 -
Samsung Semiconductor, Inc. (SSI) 40,907,261 - 532,962 -
Samsung Electronics Vietnam Co., Ltd. (SEV) 5,804,935 256 16,441,332 50
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) - - - -
Samsung Austin Semiconductor LLC. (SAS) 1,053 - 3,663,909 2,457
Samsung Display Vietnam Co., Ltd. (SDV) 2,073,972 - - -
Samsung India Electronics Private Ltd. (SIEL) 7,439,341 112 5,798,974 -
Subsidiaries Shanghai Samsung Semiconductor Co., Ltd. (SSS) 16,490,821 - 47 -
Samsung Eletronica da Amazonia Ltda. (SEDA) 1,262,369 - 2,174 -
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) 628,854 2,791 4,830,861 1,680
Thai Samsung Electronics Co., Ltd. (TSE) 1,578,349 - 2,615,512 -
Samsung Electronics (UK) Ltd. (SEUK) 1,529,791 - 98,891 -
Samsung Electronics Benelux B.V. (SEBN) 788,385 - 2,333 -
Samsung Electronics Hungarian Private Co. Ltd. (SEH) 408,409 141 2,191 -
Samsung Electronics Europe Logistics B.V. (SELS) 4,772,554 - 5,104 -
Samsung Display Dongguan Co., Ltd. (SDD) 249,142 - - -
SEMES Co., Ltd. 8,224 - 2,283,556 -
Samsung Electronics GmbH (SEG) 3,865,859 - 6,948 -
Samsung Electronics Mexico S.A. De C.V. (SEM) 2,442,869 - 6,950 -
Others 58,705,560 4,198 23,123,295 2,213
Total 194,986,266 18,774 96,344,518 12,765
Samsung Electro-Mechanics Co., Ltd. 60,343 767 919,709 120
Associates Samsung SDI Co., Ltd. 60,325 - 422,836 24,874
and
joint ventures Cheil Worldwide Inc. 31,194 - 931,489 361
Others 617,779 - 881,585 10,224
Total 982,017 767 4,828,472 384,331
Samsung C&T Co., Ltd. 44,359 - 84,635 7,018,252
Other related
Others 283,122 188 602,014 132,512
parties
Total 327,481 188 686,649 7,150,764
S-1 7,530 - 428,907 45,864
Other(*3)
Others 136,969 - 251,907 540,591
Total 145,989 - 713,491 3,692,609
(*2) Transactions
with the intermediate parent company, Harman International Industries, Inc. and its subsidiaries.
Although these entities are not related parties of the Company in accordance with Korean IFRS 1024, they belong to the same large enterprise
(*3)

(C) Balances of receivables and payables
Balances of receivables and payables arising from the sales and purchases of goods and services as of December 31, 2023 and
December 31, 2022 are as follows:
December 31, 2023

(In millions of
Receivables Payables
Korean won) Name of company(*1)
and other(*2) and other(*3)
Samsung Display Co., Ltd. 74,259 196,686
Samsung Electronics America, Inc. (SEA) 3,841,560 1,119,907
Samsung Asia Pte. Ltd. (SAPL) 2,091 1,147
Harman and its subsidiaries(*4) 5,179 9,659
Samsung Austin Semiconductor LLC. (SAS) 9,575 303,203
Samsung (China) Semiconductor Co., Ltd. (SCS) 68,251 687,410
Samsung Semiconductor, Inc. (SSI) 5,271,414 209,789
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) 925,410 2,324,691
Samsung (CHINA) Investment Co., Ltd. (SCIC) 181,785 201,966
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) 2,760 -
Samsung India Electronics Private Ltd. (SIEL) 922,630 297,628
Samsung Display Vietnam Co., Ltd. (SDV) 90,305 46
Samsung Electronics Vietnam Co., Ltd. (SEV) 502,410 1,377,493
Subsidiaries Samsung Eletronica da Amazonia Ltda. (SEDA) 256,936 1,226
Shanghai Samsung Semiconductor Co., Ltd. (SSS) 3,906,968 281
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) 148,857 367,007
Thai Samsung Electronics Co., Ltd. (TSE) 280,682 267,659
Samsung Electronics (UK) Ltd. (SEUK) 64,642 40,118
SEMES Co., Ltd. 68,340 917,707
Samsung Electronics Mexico S.A. De C.V. (SEM) 252,813 2,021
Samsung Electronics GmbH (SEG) 72,258 4,448
Samsung International, Inc. (SII) 129,178 54,694
Samsung Electronics Taiwan Co., Ltd. (SET) 362,737 87,718
Samsung Electronics Benelux B.V. (SEBN) 52,172 6,266
Samsung Electronics Europe Logistics B.V. (SELS) 413,581 415
Other 6,556,255 2,607,878
Total 24,463,048 11,087,063
Samsung Electro-Mechanics Co., Ltd. 1,857 86,166
Others 164,058 183,813
Total 364,610 1,168,350
Samsung C&T Corporation 190,443 1,876,745
Other related
Others 13,835 149,585
parties
Total 204,278 2,026,330
Samsung Engineering Co., Ltd. 269 766,329
S-1 Corporation 598 39,223
Other(*5)
Others 4,342 265,721
Total 5,209 1,071,273

(*2) The Company has not recognized bad debt allowance in relation to the receivables due from subsidiaries as of December 31, 2023.
(*4) Transactions with the intermediate parent company, Harman International Industries, Inc. and its subsidiaries.
December 31, 2022

(In millions of
Receivables Payables
Korean won) Name of company(*1)
and other(*2) and other(*3)
Samsung Display Co., Ltd. 32,521 108,011
Samsung Electronics America, Inc. (SEA) 868,937 983,709
Samsung Asia Pte. Ltd. (SAPL) 1,604 1,812
Harman and its subsidiaries(*4) - 6,537
Samsung (China) Semiconductor Co., Ltd. (SCS) 57,423 751,693
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) 606,030 2,396,411
Samsung (CHINA) Investment Co., Ltd. (SCIC) 131,285 283,459
Samsung Semiconductor, Inc. (SSI) 4,700,427 263,757
Samsung Electronics Vietnam Co., Ltd. (SEV) 369,380 1,748,670
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) 693 -
Samsung Austin Semiconductor LLC. (SAS) 21,309 386,640
Samsung Display Vietnam Co., Ltd. (SDV) 196,643 7
Samsung India Electronics Private Ltd. (SIEL) 1,219,298 312,243
Subsidiaries Shanghai Samsung Semiconductor Co., Ltd. (SSS) 1,623,968 77
Samsung Eletronica da Amazonia Ltda. (SEDA) 227,180 3,037
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) 234,870 358,082
Thai Samsung Electronics Co., Ltd. (TSE) 115,103 379,098
Samsung Electronics (UK) Ltd. (SEUK) 76,264 -
Samsung Electronics Benelux B.V. (SEBN) 18,403 -
Samsung Electronics Hungarian Private Co., Ltd. (SEH) 11,449 -
Samsung Electronics Europe Logistics B.V. (SELS) 273,816 506,872
Samsung Display Dongguan Co., Ltd. (SDD) 20,177 11
SEMES Co., Ltd. 54,327 561,368
Samsung Electronics GmbH (SEG) 10,607 -
Samsung Electronics Mexico S.A. De C.V. (SEM) 230,508 1,093
Other 6,565,258 2,226,116
Total (Subsidiaries) 17,667,480 11,278,703
Samsung Electro-Mechanics Co., Ltd. 385 101,960
Others 203,575 159,668
Total (Associates and joint ventures) 368,060 1,225,674
Samsung C&T Corporation 194,539 2,718,294
Other related
Other 14,679 160,305
parties
Total (Other related parties) 209,218 2,878,599
Samsung Engineering Co., Ltd. 286 1,181,947
S-1 Corporation 3,085 59,352
Other(*5)
Others 4,113 478,136
Total (Other) 7,484 1,719,435

(*2) The Company has not recognized bad debt allowance in relation to the receivables due from subsidiaries as of December 31, 2022.
(*4) Transactions with the intermediate parent company, Harman International Industries, Inc. and its subsidiaries.
(D) For the years ended December 31, 2023 and 2022, the Company had no lending to its subsidiaries, but had borrowing from its
subsidiaries amounting to W 21,990,000 million and W 0 million, respectively. In addition, the Company had no lending to or
borrowings from associates and joint ventures during the years ended December 31, 2023 and 2022.
(E) For the years ended December 31, 2023 and 2022, the Company invested W 49,318 million and W 119,598 million,
respectively, in subsidiaries, and has made capital recovery of W 143,799 million and W 164,503 million from its investments
in subsidiaries, respectively. In addition, the Company invested W 58,982 million and W 882,125 million in associates and
joint ventures and has made a recovery of W 518 million and W 0 million from its investments in associates and joint ventures
for the year ended December 31, 2023 and 2022, respectively.
(F) For the years ended December 31, 2023 and 2022, the Company declared dividend of W 1,650,995 million and W 1,663,149
million, respectively, to related parties. In addition, for the years ended December 31, 2023 and 2022, the Company declared
dividends of W 128,232 million and W 128,232 million, respectively, to the entities that are not related parties of the Company
in accordance with Korean IFRS 1024, but belong to the same conglomerate according to the Monopoly Regulation and Fair
Trade Act. As of December 31, 2023 and December 31, 2022, there are no dividends payable to related parties.
(G) For the years ended December 31, 2023 and 2022, the Company entered into lease agreements with its related parties
amounting to W 182,860 million and W 20 million, respectively, and the lease payments made to the related parties were W
59,287 million and W 46,819 million, respectively.
(H) As of December 31, 2023, the Company provides guarantees in relation to borrowings of the related parties (refer to Note 16).
(I) Key management compensation
The compensation paid or payable to key management (executive directors) for their services for the years ended December 31,
2023 and 2022 consists of:
Short-term employee benefits 14,073 14,768

Post-employment benefits 557 612
Other long-term employee benefits 7,834 5,434

6. Dividends
We continue to work to enhance shareholder value alongside our efforts to strengthen competitiveness of our products and
businesses. Based on the previous shareholder return policy covering FY2021 to FY2023, we distributed an annual return
of 9.8 trillion won in regular dividends as a part of a total return of 50% of free cash flow. In January 2024, we announced
our shareholder return policy for FY2024 to FY2026, which maintains the terms of the previous shareholder return policy:
Samsung Electronics will pay an annual regular dividend of 9.8 trillion won as a part of total shareholder returns of 50% of
the free cash flow for the period covering FY2024 to FY2026. At the close of each year, we will consider executing an early
return of capital beyond regular dividends if we forecast there is potential for a significant surplus. Furthermore, the
Company will consider implementing a new policy flexibly before the expiration of the policy for FY2024 to FY2026 in
consideration of M&A activities and cash positions.
[Key dividend indices]

Par value per share (KRW) 100 100 100
Consolidated net profit1) (KRW mil) 14,473,401 54,730,018 39,243,791
Separate net profit (KRW mil) 25,397,099 25,418,778 30,970,954
EPS2) (KRW) 2,131 8,057 5,777
Total cash dividend (KRW mil) 9,809,438 9,809,438 9,809,438
Total stock dividend (KRW mil) - - -
Dividend payout ratio (%) 67.8 17.9 25.0
Common 1.9 2.5 1.8

Cash dividend yield (%)
Preferred 2.4 2.7 2.0
Common - - -
Stock dividend yield (%)
Preferred - - -
Common 1,444 1,444 1,444

Cash dividend per share (KRW)
Preferred 1,445 1,445 1,445
Common - - -
Stock dividend per share (share)
Preferred - - -
Total cash dividend for 2023 in the above table is a prior to approval at the AGM; details will be published in future reports if the reported amount is
rejected or adjusted.
Dividends were KRW 2,452,154 million or KRW 361 per share in the first three quarters of 2023, 2022 and 2021. For further information relating to
total cash dividend, see retained earnings in『3. Note to Consolidated Financial Statements』in『Ⅲ. Financial Affairs』.
1) Equity attributable to owners of the parent.
2) Basic earnings per common share on a consolidated basis. For further information relating to the calculation of basic EPS,
see Earnings Per Share in『3. Note to Consolidated Financial Statements』in『Ⅲ. Financial Affairs』.

The history of dividend payouts is as follows:
Number of continuous dividend payments Average dividend yield
Quarterly/biannual dividends End-year dividends Past 3 years Past 5 years

39 43 2.1% 2.5%
The number of continuous dividend payments includes the quarterly dividend for the quarter and the end-year dividend for the recent business year.
Continuous payment of the end-year dividend started in 1981, biannual dividend in 1999, and quarterly dividend in 2017.
The average dividend yield is based on common shares. The average dividend yield of preferred shares for the past 3 years and past 5 years are 2.4%
and 2.9% respectively.
The “past 3 years” refers to the period from 2021 through 2023, and the “past 5 years” refers to the period from 2019 through 2023. For the dividend
yield of 2023, please refer to the table of key dividends above (common shares at 1.9%, preferred shares at 2.4%).
7. Matters about financing through the issuance of securities

7-1 Financing through the issuance of securities
[Issuance of equity securities]

N/A

[Issuance of debt securities]
A. List of issued debt securities
(As of December 31, 2023) (KRW mil, %)
Type of Issuance Date of Total nominal Interest Rating Maturity Payment Management
Issuing company
securities method Issuance amount rate (rating institution) date status company
Aa2(Moody's), Partial
Samsung Electronics Corporate bonds Public offering Oct 2,1997 128,940 7.7 Oct 1, 2027 Goldman Sachs et al.
AA-(S&P) redemption
Harman International Industries, Inc Corporate bonds Public offering May 11, 2015 515,760 4.2 A(S&P) May 15, 2025 Unredeemed J.P.Morgan et al.
Private
Dowooinsys Co., Ltd Corporate bonds Feb 28, 2020 23,000 0.5 - Feb 28, 2025 Unredeemed -
placement
Private
Dowooinsys Co., Ltd Corporate bonds Dec 8, 2022 42,000 0.5 - Dec 8, 2027 Unredeemed -
placement
Private
SEMES Commercial paper Jan 30, 2023 30,000 4.1 A1 Feb 28, 2023 Redeemed -
placement
Private
SEMES Commercial paper Jan 30, 2023 50,000 4.0 A1 Feb 28, 2023 Redeemed -
placement
Private
SEMES Commercial paper Feb 10, 2023 70,000 3.9 A1 Mar 10, 2023 Redeemed -
placement
Private
SEMES Commercial paper Feb 28, 2023 10,000 4.0 A1 Mar 28, 2023 Redeemed -
placement
Private
SEMES Commercial paper Mar 10, 2023 70,000 4.0 A1 Apr 10, 2023 Redeemed -
placement
Private
SEMES Commercial paper Mar 28, 2023 45,000 4.0 A1 Apr 28, 2023 Redeemed -
placement
Private
SEMES Commercial paper Apr 10, 2023 70,000 4.0 A1 May 10, 2023 Redeemed -
placement
Private
SEMES Commercial paper May 10, 2023 70,000 4.0 A1 Jun 12, 2023 Redeemed -
placement
Private
SEMES Commercial paper Jun 12, 2023 50,000 4.1 A1 Jul 12, 2023 Redeemed -
placement
Private
SEMES Commercial paper Jul 25, 2023 20,000 4.1 A1 Aug 28, 2023 Redeemed -
placement
Private
SEMES Commercial paper Jul 28, 2023 30,000 4.1 A1 Aug 28, 2023 Redeemed -
placement
Total - - - 1,224,700 - - - - -
※ The rating institutions of Commercial paper are NICE Investors Service and Korea Ratings Corporation.
B. Commercial Paper Unredeemed Balance
Not Applicable
(Reporting Date: December 31, 2023) (KRW mil)
Above 10 days Above 30 days Above 90 days / Above 180 days Above 1 year Above 2 years
Maturity Under 10 days Above 3 years Total
/ under 30 days / under 90 days under 180 days / under 1 year / under 2 years / under 3 years
Public - - - - - - - - -
Unredeemed
Private - - - - - - - - -
balance
Total - - - - - - - - -
C. Short-term Bond Unredeemed Balance
Not Applicable
Above 10 days Above 30 days Above 90 days Above 180 days

Maturity Under 10 days Total Issue limit Balance limit
/ under 30 days / under 90 days / under 180 days / under 1 year
Public - - - - - - - -
Unredeemed
Private - - - - - - - -
balance
Total - - - - - - - -

D. Corporate Bond Unredeemed Balance
Above 1 year Above 2 years Above 3 years Above 4 years Above 5 years
Maturity Under 1 year Above 10 years Total
/ under 2 years / under 3 years / under 4 years / under 5 years / under 10 years
Public 6,447 522,207 6,447 6,447 - - - 541,548

Unredeemed
Private - 23,000 - 42,000 - - - 65,000
balance
Total 6,447 545,207 6,447 48,447 - - - 606,548
※ Based on consolidated financial statements

※ The exchange rate as of the reporting date has been applied.
※ Unredeemed balance of corporate bonds of Dowooinsys are intercompany balances eliminated in consolidated financial statements
- Corporate Bond Unredeemed Balance (Samsung Electronics)
Unredeemed Public 6,447 6,447 6,447 6,447 - - - 25,788

balance Total 6,447 6,447 6,447 6,447 - - - 25,788
※ The exchange rate as of the reporting date has been applied .
- Corporate Bond Unredeemed Balance (Harman)


Unredeemed Public - 515,760 - - - - - 515,760

balance Total - 515,760 - - - - - 515,760
※ The exchange rate as of the reporting date has been applied.

- Corporate Bond Unredeemed Balance (Dowooinsys)
Unredeemed Private - 23,000 - 42,000 - - - 65,000

balance Total - 23,000 - 42,000 - - - 65,000
※ Unredeemed balance of corporate bonds of Dowooinsys are intercompany balances eliminated in consolidated financial statements
E. Hybrid Bond Unredeemed Balance
Not Applicable
Public - - - - - - - -
Unredeemed
Private - - - - - - - -
balance
Total - - - - - - - -
F. Contingent Convertible Bond Unredeemed Balance
Not Applicable
Above 1 year / Above 2 years Above 3 years Above 4 years Above 5 years Above 10 years Above 20 years Above 30
Maturity Under 1 year Total
under 2 years / under 3 years / under 4 years / under 5 years / under 10 years / under 20 years / under 30 years years
Public - - - - - - - - - -
Unredeemed
Private - - - - - - - - - -
balance
Total - - - - - - - - - -
G. Details and Compliance of the Bond Management Contract (Samsung Electronics)
(Reporting Date: December 31, 2023) (KRW mil, %)%)
Settlement date of
Name of security Date of issuance Maturity date Issued amount Debenture management company
bond management contract
US$ 100,000,000 The Bank of New York Mellon

Oct 2, 1997 Oct 1, 2027 128,940 Oct 2, 1997
7.7% debenture Trust Company, N.A.

(Reporting Date: December 31, 2023)
Contract details Not applicable

Financial ratios
Implementation status Not applicable
Contract details Less than 10% of net tangible assets

Constraint on collateral
Implementation status Compliant (there is no collateral for the relevant assets)
Certain requirements, such as transfer of obligations on the bond,

Contract details
must be satisfied to dispose all or most of an asset
Constraint on disposal of assets
Implementation status Compliant (disposed assets accounted for 0.1% of the total assets during 2023)
Contract Details Not applicable

Constraint on governance
Implementation status Not applicable
Submission of implementation report Implementation status Not applicable
※ The exchange rate as of the base date has been applied.

※ The date of the bond management contract was signed on the same day as the Fiscal Agency Agreement; accordingly, the Bank of New York Mellon Trust
Company, N.A. is under the authority of the Fiscal Agent.
※ The net tangible assets subjected to the limitation of collaterals are production facilities and stocks owned by the Company.
※ The reporting date is the date when most recent financial statements were prepared, which are used to determine the status of implementation.
※ The constraint on governance is as of the reporting date.
7-2 Use of funds financed through the issuance of securities
Not applicable

8. Other financial information
A. Restatement of financial statements and other matters to note
(1) Restatement of financial statements: Not Applicable
(2) Acquisition, divestment, asset sales, and sale of business
The major acquisition, divestment and transfer of business during past three years are as follows.
[Sale of SSL, SSM]
On August 28, 2020, Samsung Display Co., Ltd., the Company’s subsidiary, decided to sell its 100% ownership in
Samsung Suzhou Module Co., Ltd. (“SSM”) and 60% ownership in Samsung Suzhou LCD Co., Ltd. (“SSL”) to TCL
China Star Optoelectronics Technologies Co. Ltd. (“CSOT”). The sales were completed on April 1, 2021.
[Acquisition of eMagin Corporation]
To enhance the competitiveness of Micro Display, Samsung Display America Holdings, Inc. (“SDAH”), the Company’s
subsidiary, acquired 100% of the equity fo eMagin Corporation(Representative director: Andrew Sculley, Headquarter
location: New York, USA) on October 18, 2023 (refer to Note 32 in 3. Notes to consolidated financial statements).
(3) Information on the accounting treatment of the sales of assets related to asset backed securities and contingent liabilities
Accounting Treatment of the sale of assets related to asset backed securities:
- Not applicable
Litigation
The Company is involved in various claims, disputes, and investigations conducted by regulatory bodies, which arose
during the normal course of business with numerous entities. Although the outflow of resources and timing of these
matters are uncertain, as of the reporting date, the Company believes the outcome will not have a material impact on
the financial position of the Company.
Debt guarantee
- Domestic: Not applicable

- Overseas:
(USD thousand)
Guarantee Transactions
Limit of
Company Relationship Creditor Beginning of Increase/ End of
Expiry date guarantee
period decrease period
SEA Subsidiary BOA etc. Dec 16, 2024 - - - 1,278,000
SEM Subsidiary BBVA etc. Dec 16, 2024 - - - 715,000
SAMCOL Subsidiary Citibank etc. Dec 16, 2024 - - - 210,000
SEDA Subsidiary BRADESCO etc. Dec 16, 2024 - - - 329,000
SECH Subsidiary Citibank etc. Dec 16, 2024 - - - 62,000
SEPR Subsidiary BBVA etc. Dec 16, 2024 - - - 150,000
SSA Subsidiary SCB etc. Dec 16, 2024 - - - 318,000
SEMAG Subsidiary SocGen etc. Dec 16, 2024 - 8,065 8,065 96,000
SETK Subsidiary BNP etc. Dec 16, 2024 239,395 81,498 320,893 917,000
SETK-P Subsidiary BNP etc. Dec 16, 2024 25,649 -25,649 - 70,000
SECE Subsidiary Citibank Dec 16, 2024 - - - 114,000
SEEG Subsidiary HSBC Jun 13, 2024 - - - 85,000
SEIN Subsidiary BNP etc. Nov 08, 2024 - - - 70,000
SJC Subsidiary Mizuho Bank etc. Dec 16, 2024 - - - 835,508
SEUC Subsidiary Credit Agricole etc. Dec 16, 2024 - - - 125,000
SEDAM Subsidiary Citibank etc. Dec 16, 2024 155,768 -155,768 - 537,000
SECA Subsidiary BoA Nov 08, 2024 - - - 70,000
SELA Subsidiary Citibank Dec 16, 2024 - - - 60,000
SEEH Subsidiary HSBC etc. Dec 16, 2024 - - - 888,400
SERK Subsidiary SMBC Dec 16, 2024 - - - -
SELV Subsidiary Citibank Dec 16, 2024 - - - 10,000
SEIL Subsidiary Citibank Dec 16, 2024 9,664 -9,664 - 15,600
SAPL Subsidiary BOA etc. Dec 16, 2024 - - - 404,000
SAVINA Subsidiary HSBC Jun 13, 2024 - - - 51,000
SCIC Subsidiary HSBC etc. Dec 16, 2024 - - - 270,000
SESP Subsidiary SCB Nov 08, 2024 - - - 30,000
SME Subsidiary SCB Nov 08, 2024 - - - 110,000
SAMEX Subsidiary Citibank Dec 16, 2024 - - - 5,000
SEASA Subsidiary Citibank Dec 16, 2024 - - - 2,000
SSAP Subsidiary SCB Nov 08, 2024 - - - 35,000
SEPM Subsidiary HSBC Jun 13, 2024 - - - 35,000
SESAR Subsidiary HSBC Jun 13, 2024 - - - 20,000
SEUZ Subsidiary Citibank Dec 16, 2024 - - - 10,000
AdGear Technologies Inc. Subsidiary BOA Nov 08, 2024 - - - 2,000
Harman International Industries, Inc. Subsidiary JP Morgan Jun 13, 2024 - - - 100,000
Harman International Japan Co., Ltd. Subsidiary MUFG Nov 08, 2024 - - - 25,000
Harman Holding Limited Subsidiary HSBC Jun 13, 2024 - - - 30,000
Harman do Brasil Industria Eletronica e Participacoes Ltda.
Subsidiary SocGen Nov 08, 2024 - - - 15,000
Harman da Amazonia Industria Eletronica e Participacoes Ltda.
Harman International Industries Limited Subsidiary HSBC Jun 13, 2024 - - - 30,000
SDN Subsidiary SIEL Feb 19, 2026 513,366 -2,389 510,977 601,149
The date of
SAS Subsidiary Epcor - - - 340,000
debt expiration
DOWOOINSYS VINA COMPANY LIMITED Subsidiary ANZ Nov 09, 2025 20,000 - 20,000 20,000
Total 963,842 -103,907 859,935 9,090,657
※ Information above are prepared on a consolidated basis. Debt guarantees for SDN are provided by Samsung Display Co., Ltd., SAS
by SEA, and DOWOOINSYS VINA COMPANY LIMITED by Dowooinsys, respectively.
※ SEC requires Board approval for individual guarantees exceeding 2.5% of total equity. When the guarantee amount is between 0.1%
and/or less than 2.5%, the approval decision is delegated to the Management Committee. Samsung Display Co., Ltd requires Board
approval for individual guarantees over KRW 10,000 million.
※ SEC claims fees on the debt guarantees depending on the maturity date of each debt guarantee, general loan interest rate, etc.
In 2023, the Company claimed approximately USD 2,141,000 in guarantee fees and, as of the reporting date, has not collected the amount.
In 2023, Samsung Display Co., Ltd. claimed approximately USD 3,066,000 in guarantee fees to SDN and, as of the reporting date,
has not collected the amount.
Refer to the notes to the consolidated financial statements for the information on contingent liabilities.
(4) Other matters requiring attention in relation to the use of the financial statements
A. Emphasis of matter and key audit matter in Independent auditor’s report
Emphasis of
Period Key audit matter
matter
(Consolidated financial statement)
1. Valuation of memory semiconductor inventory at net realizable value
2. Accuracy and completeness of sales deduction related to the Sales promotion activities of products
2023 Not applicable
(Separate financial statement)
1. Valuation of memory semiconductor inventory at net realizable value
2. Accuracy and completeness of sales deduction related to the Sales promotion activities of products
1. Sales deduction related to the Sales promotion activities of products
2022 Not applicable
2021 Not applicable

B. Allowance for bad debt
The allowances for bad debt by account over the past 3 years are as follows:
(KRW mil, %)
Period Account Receivables amount Allowance amount Allowance
Trade receivables 37,002,849 355,456 1.0%
Short-term loans 21,279 204 1.0%
Other receivables 6,715,263 82,015 1.2%
Advances 994,525 3,316 0.3%
2023 Trade receivables (long-term) 23,889 - 0.0%
Other receivables (long-term) 759,704 209 0.0%
Advances (long-term) 4,964,481 9,255 0.2%
Long-term loans 239,149 77,608 32.5%
Total 50,721,139 528,063 1.0%
Advances 1,741,031 3,965 0.2%
Other receivables (long-term) 824,468 242 0.0%
Long-term loans 225,983 1,206 0.5%
Total 47,661,696 406,677 0.9%

Advances 1,122,660 3,847 0.3%
Other receivables (long-term) 1,002,404 290 0.0%
Long-term loans 199,577 917 0.5%
Total 49,933,341 397,525 0.8%

※ Receivables amount represents the value after deducting present value discount account
Allowance for bad debt by year

(KRW mil)
2023 2022 2021

1. Allowance for bad debt
406,677 397,525 388,943
(beginning balance)
2. Net bad debt expense (①－②+③) 14,647 16,658 25,926
① Bad debt expense, etc (Write-off) 19,179 9,711 22,400
② Bad debt recovered 4 - -
③ Others -4,528 6,947 3,526
3. Bad debts expense 136,033 25,810 34,508
4. Allowance for bad debts

528,063 406,677 397,525
(Ending balance)
※ Based on consolidated financial statements.
The guideline for bad debt allowances for trade receivables
(1) Calculation of bad debt allowance
 Bad debt allowance is calculated using an expected credit loss impairment model which is based on write-off
experience rate and future expected bad debt amount.
(2) Calculation basis of write-off experience rate and future expected bad debt:
 Write-off experience rate for each aging group of receivables is calculated based on the actual rate of credit losses to
three-year average receivables balance.
 Future expected bad debt is determined taking into consideration cases of debtor bankruptcy, compulsory execution,
death, disappearance, credit information of debtor and forward-looking information.
[Bad debt allowance by circumstance]
Circumstance Rate of allowance

Dispute or conflict 25%
Receivable through utilization of third party collection agency 50%
Receivable under litigation 75%
Customer filed or in the process of filing bankruptcy 100%

(3) Instruction: Write-off is recorded when trade receivables contain the following characteristics:
ㆍ Objective proof of bad debts, such as bankruptcy, compulsory execution, discontinuance of business, debtor’s death
or disappearance
ㆍ Legal action has failed or the right of collection has been extinguished.
ㆍ When the third party collection agency notifies that collection is not possible.
ㆍ When the collateral is sold or insurance is received.
ㆍ When collection expense exceeds receivables amount.
The outstanding period of trade receivables
(Reporting Date: December 31, 2023) (KRW mil, %)
Less than 6 months ~ 1 year ~ More than

Total
6 months 1 year 3 years 3 years
Amount 36,531,509 359,498 39,585 96,146 37,026,738
Ratio 98.6% 1.0% 0.1% 0.3% 100.0%
※ Base on consolidated financial statements

※ Receivables amount represents the value after deducting present value discount account

C. Inventory
- The inventory status by Division over the last three years is as follows:
(KRW mil, %)
Division Category 2023 2022 2021 Note

Finished goods 7,229,898 7,712,885 8,894,766
Work in process 967,513 1,013,606 799,218
DX Raw material 9,608,619 10,520,293 11,384,887
Material in transit 1,014,420 943,322 1,299,624
Total 18,820,450 20,190,106 22,378,495
Finished goods 6,476,768 6,601,087 2,490,097
Work in process 20,961,730 18,756,104 11,809,911
DS Raw material 3,484,046 3,639,061 2,118,424
Material in transit 76,226 61,352 36,685
Total 30,998,770 29,057,604 16,455,117
Finished goods 284,394 811,518 294,777
Work in process 296,788 542,473 874,229
SDC Raw material 564,573 788,521 810,325
Total 1,152,264 2,166,138 2,027,584
Finished goods 725,484 799,919 533,008
Work in process 104,514 119,890 105,271
Harman Raw material 700,011 913,085 736,109
Total 1,849,794 2,102,609 1,695,516
Finished goods 14,553,014 16,032,226 12,280,579
Work in process 22,198,448 20,077,519 13,473,618
Total Raw material 13,697,354 14,979,280 14,184,841
Material in transit 1,177,058 1,098,841 1,445,366
Total 51,625,874 52,187,866 41,384,404
Inventory ratio (%)
11.3% 11.6% 9.7%
[Inventory ÷ Total Assets]ⅹ100
Inventory turnover (x)
[ Yearly COGS ÷ {(Beginning of inventory + End of 3.5 4.1 4.5
inventory)÷2}]

Inventory counts
(1) Inspection date

ㆍ End of May and November (twice a year)
ㆍ For the difference in inventories between the inspection date and at the end of the year, the Company checks
all the warehouse record during the period in order to confirm the existence of the inventories as of the date of
the financial statements.
(2) Inspection method

ㆍ Internal warehouse: Closed & entire quantity inspection
※ Sample inspection for semi-conductor and Display Panel work-in-progress inventories, SVC materials
ㆍ Outside warehouse
Perform check for the possession confirmation documents and sample tests at the third party warehouse and inventory-
in-transit.
ㆍ External auditors join and observe the inspection and carry out sample tests to check the existence and completeness.
※ For the HQ, the most recent inventory inspection was conducted from Nov 21 to Dec 4, 2023, and the subsidiaries
conducted the inventory inspection during the same period as HQ.
Inventory aging and valuation
Inventories are stated at the lower of cost or net realizable value. Inventory as of December 31, 2023 are as follows:
(KRW mil)
Acquisition Inventory
Category Balance Note
cost valuation reserve
Finished goods 16,120,367 -1,567,353 14,553,014
Work in process 26,501,664 -4,303,216 22,198,448
Raw material 15,222,937 -1,525,583 13,697,354
Material in transit 1,177,058 - 1,177,058
Total 59,022,026 -7,396,152 51,625,874

D. Supply contracts
As of December 31, 2023, there is no long-term agreement that has a material impact on the Company’s financial
statements.
E. Fair value estimation
Refer to 3. Financial Instruments by Category and 25. Financial Risk Management in 『Ⅲ. Financial Affairs』.

IV. Management Discussion and Analysis
1. Note on forward-looking statements
This annual report includes forward-looking statements that relate to future events and can be generally identified by phrases
containing words such as “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases
of similar meaning. These forward-looking statements are not guarantees of future performance and may involve known
and unknown risks, uncertainties and other factors that may affect our actual results, performance, achievements or financial
position, making them materially different from the actual future results, performance, achievements or financial position
expressed or implied by these forward-looking statements. Unless otherwise specified, all data presented in this report is
from our consolidated financial statements.
Uncertain events that could positively or negatively affect the Company’s management condition and financial performance
include, but are not limited to:
• Trends of financial markets domestically and abroad, including changes in exchange rates and interest rates
• The Company’s strategic decision making, including disposals and purchases of businesses
• Unexpected sudden changes in core businesses within DX, DS, SDC and Harman
• Other changes domestically and abroad that can affect management condition and financial performance
The Company assumes no obligation to revise or update this report to reflect risks or uncertainties that arise after the
reporting period.
(Responsibility statement)
In accordance with article 3(2) c) of the Transparency Law (Luxembourg), Jong-Hee Han and Hark-kyu Park, as a CEO
and the executive in charge of reporting confirm that, to the best of their knowledge, the consolidated financial statements
and the statutory non-consolidated financial statements prepared in accordance with the applicable set of accounting
standards give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the
undertakings included in the consolidation taken as a whole and that the management report includes a fair review of the
development and performance of the business and the position of the Company and the undertakings included in the
consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face.
2. Overview
The global business environment in 2023 was extremely difficult, with challenges stemming from economic slowdowns
and persistent uncertainties linked with global monetary tightening and geopolitical issues. Against this backdrop, Samsung
Electronics posted total revenue of KRW 259 trillion and an operating profit of KRW 7 trillion on a consolidated basis; and
total revenue of KRW 170 trillion and an operating loss of KRW 12 trillion on a separate basis. Our financial structure
remained sound—we recorded a debt ratio of 25.4%, capital adequacy ratio of 79.8%, and ROE of 4.3% on a consolidated
basis. On a standalone basis, the respective figures were 32.1%, 75.7%, and 11.7%. Our brand value in 2023 was evaluated
at USD 91.4 billion (Interbrand; November 2023), up 4% from last year’s figure and maintaining our position as the world’s
fifth most valuable brand.
On the business side, we further solidified our market power and industry leadership by launching the S23 series, Galaxy Z
Fold5 and Z Flip5 while strengthening our lineup of Neo QLED TVs and Bespoke products; and we further enhanced the
profitability and cost competitiveness of the component business based on our capabilities in core technologies, which
enable the expansion of HBM, DDR5, LPDDR5x, and other high-value-added products.
In 2024, global economic uncertainties, such as prolonged monetary tightening and heightened geopolitical conflicts, are
likely to remain high, while intensifying competition for our main products and a rapidly changing paradigm in the IT
industry will present numerous hurdles. However, we will leverage such challenges as opportunities and devote all our
energy—via relentless innovations and thorough preparations—to improve our earnings and ensure swift responses to future
opportunities.

3. Financial position and performance (consolidated)
A. Financial position
(KRW mil)
Classification 2023 2022 Increase/decrease change

Current assets 195,936,557 218,470,581 -22,534,024 -10.3%
- Cash and cash
69,080,893 49,680,710 19,400,183 39.0%
equivalents
- Short-term financial
22,690,924 65,102,886 -142,411,962 -65.1%
instruments
- Other current
financial 635,393 443,690 191,703 43.2%
assets
- Trade and other
36,647,393 35,721,563 925,830 2.6%
receivables
- Inventories 51,625,874 52,187,866 -561,992 -1.1%
- Other current assets 15,256,080 15,333,866 -77,786 -0.5%
Non-current assets 259,969,423 229,953,926 30,015,497 13.1%
- Other non-current
8,912,691 12,802,480 -3,889,789 -30.4%
financial assets
- Associates and joint
11,767,444 10,893,869 873,575 8.0%
ventures
- Property, plant and
187,256,262 168,045,388 19,210,874 11.4%
equipment
- Intangible assets 22,741,862 20,217,754 2,524,108 15.5%
- Other non-current
29,291,164 17,994,435 11,296,729 62.8%
assets
Total assets 455,905,980 448,424,507 7,481,473 1.7%
Current liabilities 75,719,452 78,344,852 -2,625,400 -3.4%
Non-current liabilities 16,508,663 15,330,051 1,178,612 7.7%
Total liabilities 92,228,115 93,674,903 -1,446,788 -1.5%
Equity attributable to
353,233,775 345,186,142 8,047,633 2.3%
owners of the parent
Non-controlling
10,444,090 9,563,462 880,628 9.2%
interest
Total equity 363,677,865 354,749,604 8,928,261 2.5%
Total liabilities and
455,905,980 448,424,507 7,481,473 1.7%
equity
Capital adequacy ratio 79.8% 79.1% 0.7%p
Debt-to-equity ratio 25.4% 26.4% -1.0%p
Inventory turnover 3.5 4.1 -0.6
Presented in accordance with K-IFRS.
If the agenda item related to the approval of financial statements is rejected or adjusted at the AGM, the details will be published in future reports.
Samsung Electronics’ total assets in 2023 were KRW 455.9060 trillion, an increase of KRW 7.4815 trillion (1.7%) from the
previous year. The increase is mainly attributable to cash and cash equivalents, which increased by KRW 19.4002 trillion,
and to an increase in tangible assets caused by facility investments worth KRW 19.2109 trillion for the semiconductor and
DP businesses.
Total liabilities were KRW 92.2281 trillion, a decrease of KRW 1.4468 trillion (1.5%) from the previous year. This includes
a decrease of KRW 2.6254 trillion (13.4%) in current liabilities and a increase of KRW 1.1786 trillion (7.7%) in non-current
liabilities. The changes are attributable to a KRW 3.1982 trillion decrease in accrued expenses and KRW 2.7350 trillion
increase in long-term accounts payable.
Total equity was KRW 363.6779 trillion, an increase of KRW 8.9283 trillion (2.5%) from the previous year. Retained
earnings grew by KRW 8.7058 trillion year-on-year from net income of KRW 15.4871 trillion and dividends of KRW 9.8094
trillion. Other components of equity decreased by KRW 0.8144 trillion due to factors such as the overseas operations
translation difference.
In terms of financial ratios, the Company maintained a sound financial structure as the capital adequacy ratio increased by
0.7%pts from the previous year to 79.8% and the debt-to-equity ratio decreased by 1.0%pts from the previous year to 25.4%.
B. Performance
(KRW mil)
Classification 2023 2022 Increase/decrease Change

Sales 258,935,494 302,231,360 -43,295,866 -14.3%
Cost of sales 180,388,580 190,041,770 -9,653,190 -5.1%
Gross profit 78,546,914 112,189,590 -33,642,676 -30.0%
Selling and administrative
71,979,938 68,812,960 3,166,978 4.6%
expenses
Operating profit 6,566,976 43,376,630 -36,809,6549 -84.9%
Other income 1,180,448 1,962,071 -781,623 -39.8%
Other expenses 1,083,327 1,790,176 -706,849 -39.5%
Gain on valuation using the
887,550 1,090,643 -203,093 -18.6%
equity method of accounting
Financial income 16,100,148 20,828,995 -4,728,847 -22.7%
Financial expenses 12,645,530 19,027,689 -6,382,159 -33.5%
Income before income tax
11,006,265 46,440,474 -35,434,209 -76.3%
expense
Income tax expense -4,480,835 -9,213,603 4,732,768 -51.4%
Net income 15,487,100 55,654,077 -40,166,977 -72.2%
Equity attributable to owners
14,473,401 54,730,018 -40,256,617 -73.6%
of the parent
Non-controlling interests 1,013,699 924,059 89,640 9.7%
Presented in accordance with K-IFRS.
If the agenda item related to the approval of financial statements is rejected or adjusted at the AGM, the details will be published in future reports.
In 2023, revenue decreased year-on-year by KRW 43.2959 trillion (14.3%) to KRW 258.9355 trillion due to weakness in
component businesses, including memory. Operating profit decreased year-on-year by KRW 36.8097 (84.9%) to KRW
6.5670 trillion.
Income before income taxes decreased year-on-year by KRW 35.4342 trillion (76.3%) to KRW 11.0063 trillion, and net
income decreased by KRW 40.1670 trillion (72.2%) to KRW 15.4871 trillion.
We continued to maintain a sound financial structure, highlighted by a year-on-year decrease in ROE of 12.6%pts to 4.3%,
and an decrease in net profit ratio of 12.4%pts to 6.0%.

[Performance by division]
(KRW mil)
2023 2022 Change
Classification Division
Amount Share Amount Share Amount (%)
DX Division 169,992,337 65.7% 182,489,720 60.4% -12,497,383 -6.8%
DS Division 66,594,471 25.7% 98,455,270 32.6% -31,860,799 -32.4%
Revenue SDC 30,975,373 12.0% 34,382,619 11.4% -3,470,246 -9.9%
Harman 14,388,454 5.6% 13,213,694 4.4% 1,174,760 8.9%
Overall revenue 258,935,494 100.0% 302,231,360 100.0% -43,295,866 -14.3%
DX Division 14,384,705 219.0% 12,746,074 29.4% 1,638,631 12.9%
DS Division -14,879,458 -226.6% 23,815,810 54.9% -38,695,268 -162.5%
Operating profit SDC 5,566,478 84.8% 5,952,973 13.7% -386,495 -6.5%
Harman 1,173,702 17.9% 880,548 2.0% 293,154 33.3%
Overall operating profit 6,566,976 100.0% 43,376,630 100.0% -36,809,654 -84.9%
Includes inter-divisional revenue and operating profit.
(DX Division)
The DX Division in 2023 saw its revenue decrease year-on-year by KRW 12.4974 trillion (6.8%) to KRW 169.9923 trillion
as concerns over the economic slowdown weighed on overall purchasing sentiment. However, operating profit increased by
KRW 1.6386 trillion (12.9%) to KRW 14.3847 trillion thanks to an improved product mix focused on premium items such
as flagship smartphones and Neo QLED TVs.
In the DX Division, the VD/DA businesses are sustaining growth led by sales of premium products, including those for Neo
QLED TVs featuring premium technology, as well as for products tailored to experience-oriented lifestyles, such as our
Lifestyle TVs, Bespoke home appliance premium products.
The VD Business has kept expanding its market share in the 75” and over TV segment thanks to its premium focus. We
now offer whole new experiences with futuristic AI screens, including an automatic home-appliance integration service.
Furthermore, we keep creating new products that appeal to the preferences of MZ generations, including The Terrace and
The Premiere; and we increased sales contributions from new B2B products such as commercial Micro LED and The
Wall.
Based on positive responses for our new products and backed by supply chain continuity, Samsung has remained atop the
global TV market for 18 consecutive years, spanning from 2006 to 2023, fortifying our status as the industry leader. In 2024,
we will expand our lineup of micro LED products and create an ultra-high price segment of over USD 100,000. Furthermore,
we will achieve a new milestone for the screen industry by mass producing clear micro LED screens ahead of schedule.
In the Digital Appliance Business, we continue to launch products and services that not only offer advanced functions based
on highly-efficient, eco-friendly technologies, but also increase convenience in our consumers’ lives, all based on a deep
understanding of the changing life patterns of our consumers. We are also creating new value with smart appliances that
connect with various devices as well as a suite of services centering on Bixby and SmartThings.
In 2024, we will use AI functionality and energy-saving technology to keep strengthening the Bespoke lineup and
accelerate its widening global sales. Using our competitive advantages, seen through our consistent release of distinctive
products and new form factors, we aim to position the Samsung brand at the top of the global digital appliance market.
Also, for high-value-added B2B businesses such as system air conditioners and built-in products, we will bolster order
competitiveness by providing differentiated eco-friendly features and introducing customer-tailored products, seeking to
maintain our growth momentum.
Even amid challenging market conditions, including prolonged geopolitical issues and effects of inflation and the economic
downturn, the DX Division’s MX Business achieved solid results, including an increase in sales in the flagship smartphone
market.
We optimize our smartphone lineups to the market conditions and competitive environment in each region by leveraging
our diverse and competitive product portfolio that encompasses mass-market to premium models as well as devices within
the Galaxy Ecosystem.
In 2023, we stayed committed to extending our technology leadership by elevating the product experiences our customers
feel in their daily lives to the next level. In particular, the Galaxy S23 Ultra offers a further enhanced night portrait mode
and zoom function based on 200-megapixel technology and features expanded memory capacities and use of eco-friendly
materials. The Galaxy Z Fold5 and Galaxy Z Flip5 strengthened the completeness of multitasking and flex-mode, which
are the respective core experiences for customers of each product. Going beyond smartphones, our customers enjoy even
more abundant mobile experiences with the various products within the Galaxy Ecosystem: tablets that ensure productive
experiences, Galaxy Watch that features advanced fitness and wellness functions, and wireless earphones that provide rich
sound experiences. Furthermore, we are expanding our Ecosystem by strengthening strategic partnerships and striving to
diversify our profit structure by bolstering the service business, which is backed by an extensive global installed-base.
In 2024, we will lead the mobile market by offering new mobile AI experiences and achieve strong earnings via ongoing
technological innovation and thorough preparation for the future by leveraging our industry-leading R&D capability.
(DS Division)
The DS Division saw its revenue in 2023 decrease year-on-year by KRW 31.8608 trillion (32.4%) to KRW 66.5945 trillion
due to a challenging market environment stemming from semiconductor ASP declines and sluggish demand driven by
inventory adjustments at customers. Operating profit decreased by KRW 38.6953 trillion (162.5%) to KRW 14.8795 trillion.
Despite the lingering macro uncertainties, the Memory Business is fortifying the Company’s technology leadership status
and working to strengthen its business competitiveness via the timely fulfillment of market demand. In 2024, although we
expect a number of variables to continue to weigh on the market environment, including interest rate policies and
geopolitical risks, we also see prospects of a recovery in the Memory Business overall. Thus, we will continue to closely
monitor market conditions and preemptively address any changes.
For DRAM, we further strengthened our technological competitiveness by preemptively establishing DRAM mass
production applying multi-step EUV technology—a world’s first—and will grow qualitatively by centering our portfolio
on high-value-added and high density products. Samsung will also actively address the demand from rising content-per-box
spurred by the spread of on-device AI, primarily from PC and mobile; as well as the demand related to approaching
replacement cycles of some products sold during the early stage of the pandemic. Our status in the HBM market will keep
rising as we continue to expand the portion of HBM3/3E and develop HBM4, the next-generation product, along with
customized products.

For NAND in 2024, we will bolster technology competitiveness with our advanced-product lineup in V-NAND via further
migrating to 8th-gen and promoting the adoption of 9th-gen. Furthermore, we are entering the mobile-use QLC market
while also targeting leadership in the early stages of the market for Gen5 SSDs used in generative AI.
In 2023, System LSI faced ongoing challenges from a delayed recovery in smartphone demand and inventory adjustments
in the mobile business. In the second half of the year, conditions improved somewhat, driven by component supply for
MX’s Galaxy and increased demand from OEMs in China. We will prepare for upcoming market changes by enhancing
competitiveness in costs and core technologies and by continuing to expand our customer base, thus solidifying our
foundation for continued growth. For SOCs, we are securing additional customers by releasing mobile products equipped
with on-device AI and expanding lineups to include automotive-use products, etc. At the same time, we are developing
3nm SOCs and next-generation IP technology as a part of our ever-present preparations for the future. In image sensors,
our differentiated zoom function led the market with our high-value-added 200-megapixel sensor based on fine-pixel
technology. At the same time, we targeted diversification by entering new markets, such as ones for autonomous vehicles
and XR devices.
In the Foundry Business, we expect external conditions to remain challenging, with the depressed market carried forth
from 2H 2022 likely to keep weighing on demand amid a delayed market rebound. That said, we aim to enhance our
competitiveness by ensuring across-the-board readiness for a market recovery. Moreover, capturing demand in the
medium to long term is crucial for advanced nodes, so we are vigilantly monitoring market conditions in order to flexibly
and pre-emptively expand capacity to address future demand. For mature nodes, we will keep fortifying cost
competitiveness by expanding sales of high-value-added products and optimizing our product mix while fully addressing
the needs of our current customers by enhancing our process/product portfolios.
(SDC)
SDC’s revenue in 2023 decreased by KRW 3.4072 trillion (9.9%) from the previous year to KRW 30.9754 trillion due to
muted consumer sentiment led by concerns over inflation and an economic downturn. Operating profit decreased by KRW
386.5 billion (6.5%) to KRW 5.5665trillion.
The mobile display business achieved solid earnings, led mainly by high-end products, despite a decline in smartphone
demand due to weakened consumer sentiment caused by concerns over inflation, rate hikes, and the economic downturn.
We actively addressed our customers’ increasingly sophisticated needs by establishing an optimal product portfolio that
ranges from mass-market through to premium products with our Flexible and Rigid OLED panels. Indeed, our industry-
leading technological capabilities have been recognized based on our products’ differentiated technologies and performance.
For large displays, we have successfully positioned QD-OLED TVs and monitors in the premium segment, and we will
keep striving to diversify our product lineups and customer base.
In 2024, we expect the overall market to remain mostly flat due to the still-slow global economy and ongoing regional
conflicts. On top of that, competition among panel makers has intensified further amid a stagnant smartphone market, so
the business environment should remain challenging. Against this backdrop, we will continually develop new
technologies and fortify our innovation leadership. For the mobile panel business, we will solidify future growth engines
in areas such as IT (tablet/notebook PCs) and automotive while maintaining our dominant position in mobile panels. For
the large panel business, we aim to improve our results by expanding in the monitor market and maximizing efficiencies.
(Harman)
Harman’s revenue in 2023 increased by KRW 1.1748 trillion (8.9%) year-on-year to KRW 14.3885 trillion; while its
operating profit increased by KRW 293.2 billion (33.3%) to KRW 1.1737 trillion. Both revenue and operating profit
achieved growth thanks to expanded orders by automotive customers and increased sales of consumer audio products such
as portable speakers as well as car audio products
Since its acquisition, Harman has continued to post strong growth in its strategic automotive components and consumer
audio businesses, despite the recent and further deteriorations in macroeconomic conditions. Harman has expanded its
capabilities via internal innovations and synergies with various Samsung Electronics technologies from businesses such as
mobile, IT, display, and semiconductor.
As a leader in the car component market, we supply car manufacturers with products that apply innovative technologies, all
while maintaining quality at a level befitting a premium brand. In the infotainment market, we gained early dominance by
preemptively addressing the transition to digital cockpits, and we won the industry’s first order for 5G Telematics Control
Units (TCUs) via our development of differentiated technologies. We will focus our capabilities on providing a more
convenient, pleasant, and safe in-cabin experience by preparing for the era of autonomous vehicles based on such
technological innovations.
In the consumer audio market, we have used our innovative technologies to firmly establish the brand’s reputation among
consumers and audiophiles. In particular, JBL has sold the most Bluetooth speakers in the global market for eight
consecutive years, and it is sustaining notable growth momentum in the wireless earphone market. We will further
enhance our brand reputation while consistently providing new user experiences.
In 2024, we expect global GDP growth to slow compared to 2023 and the automotive and audio markets to remain flat,
thus weighing on overall business conditions. However, we will strive to further our competitiveness in products and costs
by strengthening our responsiveness towards changes in the business environment, fortifying global competitiveness, and
accelerating technological innovation while remaining committed to achieving solid earnings.
C. New and closed businesses

N/A

D. Changes in organizational structure
In December 2021, the Company merged and restructured the CE and IM Divisions to form the DX Division and renamed
the Mobile Communications Business to the MX Business. Also, SDC and the DS Division have been separated to align
with the corporate organizational structure.
[As of December 2021]
Before After
CE Division (Visual Display, Digital Appliances, Health &
Medical Equipment) DX Division (Visual Display, Digital Appliances, Health &
Medical Equipment, Mobile eXperience, Network)
IM Division (Mobile, Network)
Business
organization DS Division (Memory, System LSI, Foundry)
DS Division (Memory, System LSI, Foundry, Display Panel)
SDC (Display Panel)
Harman Division Harman

Korea, North America, Latin America, Europe, CIS, Southwest Korea, North America, Latin America, Europe, CIS, Southwest
Regional Asia, Southeast Asia, China, Middle East, Africa Asia, Southeast Asia, China, Middle East, Africa
headquarters Americas (DS), Europe (DS), China (DS), Southeast Asia (DS), Americas (DS), Europe (DS), China (DS), Southeast Asia
Japan (DS) (DS), Japan (DS)

E. Foreign exchange risk
The Company experiences currency gains and losses based on the different functional currency of each entity due to global
operations. As such, the Company is exposed to foreign currency volatility from exchange positions of currencies, especially
related to the US dollar, and Euro.
(closing rate end at year-end by currency)
Currency 2023 2022 Change Change (%)
USD 1,289.40 1,267.30 22.10 1.7%
EUR 1,426.59 1,351.20 75.39 5.6%
The foreign currency exposure to financial assets and liabilities of a 5% currency rate change against the Korean won (before
income tax) are presented below:
(KRW mil)
Currency
Increase Decrease Increase Decrease
USD 418,776 -418,776 258,655 -258,655
EUR 151,740 -151,740 92,546 -92,546
To minimize foreign exchange risk arising from operating activities, the Company maintains the same level of equity and
liability in each currency. To minimize foreign exchange positions, the Company’s foreign exchange management policy
requires normal business transactions (including imports and exports) as well as financing transactions (such as
deposits/borrowings) to be in the functional currency or for the cash-in currency to be matched up with the cash-out currency.
However, when some foreign exchange positions arise, the impact of foreign exchange fluctuation is to be mitigated through
measures such as bond sales and forward exchanges. While such means can reduce foreign exchange risk, they can’t remove
the risk entirely. The company regularly monitor and assess the foreign exchange risk to efficiently manage the risk and
strictly prohibit speculative foreign exchange transactions.
F. Recognition of asset impairment loss

The Company conducts an annual review on asset impairment of CGUs (cash generating unit). The recoverable amount of
a CGU is based on the calculation of value in use, and the value in use is calculated using a BTCF (before tax cash flow)
assumption that based on the financial budget for the next five years (or longer if mid- to long-term plans for new businesses
with emerging technologies are deemed appropriate) approved by the management committee. In calculating terminal-year
cash flow for period that exceeds the term, assumption of fixed average growth (does not exceed industry average) was
used.
Impairment losses are recognized to the extent the carrying amount exceeds the recoverable amount of a CGU. The
recoverable amount is determined by choosing the greater figure between the use-value and fair-value, which deducts the
disposal amount per cost. Recognized impairment gains or losses in 2022 reached KRW 85.4 billion for tangible assets and
KRW 5.4 billion for intangible assets.
Refer to 『3. Notes to consolidated financial statements』 of 『III. Financial Affairs』 and 『B. Equity Investments in other
corporations』 of 『IX. Affiliates and Subsidiaries』 for more details about asset impairment loss.

4. Liquidity, financing, and expenditure
Liquidity risk refers to the possibility of a company having difficulties in fulfilling its obligations related to financial
liabilities. Our main sources of liquidity are cash generated by business operations and funds procured from capital market
and financial institutions. The main demands on our liquidity include investment for production and R&D, working capital,
and dividend payouts. The nature of our business requires making large investments, so maintaining an adequate level of
liquidity risk is crucial. The Company maintains and manages an adequate level of liquidity by estimating required cash,
managing income and expenses, and others.
The Company effectively manages its liquidity risk by periodically forecasting projected cash flows and by utilizing regional
cash pooling, which allows for the use of internal funds when an entity in a region lacks liquidity. The cash-pooling program
allows sharing of surplus funds among entities and contributes to minimizing liquidity risk and reducing capital operation
expenses and financial expenses.
In addition, the Company’s headquarters provides payment guarantees to overseas subsidiaries to secure credit limit to brace
for potential large-scale liquidity needs. As of end-2023, our investment ratings from international rating agencies Moody’s
and S&P are Aa2 and AA-, respectively, allowing us to raise capital in the capital market in a timely manner.
A. Current status of liquidity

The Company has ample liquidity, and its cash coverage (liquid funds/borrowings) is 728%.
2023 2022
Cash coverage 728% 1,115%
(liquid funds/borrowings)
The Company’s liquidity as of December 31, 2023, is presented below:

(KRW mil)
Classification 2023 2022 Change
Liquid funds
Cash and cash equivalents 69,080,893 49,680,710 19,400,183
Short-term financial instruments 22,690,924 65,102,886 -42,411,962

Short-term financial assets at amortized 608,281 414,610 193,671
cost
Financial assets at fair value through profit 27,112 29,080 -1,968
or loss
Total financial assets 92,407,210 115,227,286 -22,820,076
Borrowings
Short-term borrowings 7,114,601 5,147,315 1,967,286
Current portion of long-term liabilities 1,308,875 1,089,162 219,713
Debentures 537,618 536,093 1,525
Long-term borrowings 3,724,850 3,560,672 164,178
Total financial liabilities 12,685,944 10,333,242 2,352,702
Net cash (liquid funds – borrowings) 79,721,266 104,894,044 -25,172,778
Current portion of long-term liabilities is current portion of long-term borrowings and current portion of debentures.
As of the end of 2023, the Company had KRW 92.4072 trillion of financial assets. These liquid funds include: i) cash and
cash equivalents; ii) short-term financial instruments; iii) short-term financial assets at amortized cost; and iv) financial
assets at fair value through other comprehensive income. This balance decreased by KRW 22.8201 trillion from KRW
115.2273 trillion at the end of the previous year.
The Company’s borrowings (including debentures) are KRW 12.6859 trillion, a increase of KRW 2.3527 trillion from KRW
The Company’s liquidity includes an inflow of KRW 44.1374 trillion in cash flows from operating activities and an outflow
of KRW 60.5342 trillion in acquisition of tangible and intangible assets, and KRW 9.8645 in dividends. The Company’s net
cash (liquid funds – borrowings) in 2023 is KRW 79.7213 trillion, which is a decrease of KRW 25.1728 trillion from KRW
B. Financing and expenditures
(Borrowings)
As of December 31, 2023, the Company’s borrowings (including debentures) are presented below:
(KRW mil)
Annual interest rate
Classification Creditor 2023 2022
(%)
Collateralized borrowings Woori Bank, etc. 0.0–17.3 6,610,049 3,569,357
Non-collateralized borrowings CitiBank, etc. 0.0–62.2 504,552 1,577,958
Total short-term borrowings - - 7,114,601 5,147,315
Liquid long-term borrowings
Bank borrowings BNP, etc. 36.1–61.5 304,082 208,915
Capital lease liabilities CSSD, etc. 4.3 998,439 874,019
Total liquid long-term borrowings 1,302,521 1,082,934

Bank borrowings - - - 33,846
Capital lease liabilities CSSD, etc. 4.3 3,724,850 3,526,826
Total long-term borrowings - 3,724,850 3,560,672
(KRW mil)

Annual
Classification Issuance date Maturity date interest rate 2023 2022
(%)
Debentures
USD
25,788 31,683
denominated Oct 2, 1997 Oct 1, 2027 7.7
(USD 20,000,000) (USD 25,000,000)
straight bonds
USD
May 11, May 15, 515,760 506,920
denominated 4.2
2015 2025 (USD 400,000,000) (USD 400,000,000)
debenture bonds
Sub Total 541,548 538,603
Premium on bonds payable (discount on bonds payable) 2,424 3,718
Total 543,972 542,321
Deduction: Current debentures -6,354 -6,228
Non-current debentures 537,618 536,093
(Borrowings and payment of borrowings)
The Company’s short-term borrowing increases or decreases depending on the discount amount of trade receivables. In
2023, short-term borrowing increased by KRW 1.9673 trillion, while KRW 0.3854 trillion of long-term borrowing increased
due to increased capital lease liabilities.
(Plan for payment of borrowings)
The Company’s plan for payment of borrowings (including debentures) is presented below:
(KRW mil)
Year of payment Amount of payment
2024 8,596,881
2025 1,487,473
2026 827,998
2027 632,258
2028~ 1,822,019
Total 13,366,629
Amount calculated excluding bond discount, premium on bonds payable, and present value of bonds payable discount.
(Compliance to bond management contract conditions)
The Company’s bonds are subject to conditions to protect investors such as constraint on collateral, constraint on disposal
of assets, etc., and the Company complies with these conditions.
5. Off-balance sheet activities

- Refer to 『2. Notes to consolidated financial statements』 in 『III. Financial Affairs』

5. Off-balance sheet activities
- Refer to 『3. Notes to consolidated financial statements』 and 『5. Notes to non-consolidated financial statements』 in
『Ⅲ. Financial Affairs』.
6. Other information for investment decision making
A. Significant accounting policies and estimation
- The Company applied the following amended standards for the first time for the annual reporting period commencing on
January 1, 2023:
The amendments replace the term ‘significant’ accounting policy information with ‘material’ accounting policy and
clarify its meaning. These amendments do not result in a change in accounting policy but affects the accounting policy
information disclosed in the consolidated financial statements. In addition, IFRS Practice Statement 2, Making Materiality
Judgments has been amended to provide guidance on the application of the concept of materiality. The Company has
adopted the amendments to the standard and discloses the Company’s material accounting policies in Note 2.
The amendments clarify how accounting estimates are defined and distinguished from changes in accounting policies.
The adoption of the amendments does not have a significant impact on the Company’s consolidated financial statements.
The amendments add to a condition to the initial recognition exemption that the initial recognition exemption does not
apply to transactions in which equal amounts of deductible and taxable temporary differences arise on initial recognition.
The adoption of the amendments does not have a significant impact on the Company’s consolidated financial statements.
The amendments clarify that Korean IFRS 1012, Income Taxes, applies to income taxes arising from tax law enacted or
substantively enacted to implement the Pillar Two Model Rules issued by the Organization for Economic Co-operation
and Development (OECD).
However, a temporary exemption from the requirements of Korean IFRS 1012, Income Taxes, has been adopted to allow
the Company to neither recognize nor disclose deferred tax assets and liabilities relating to Pillar Two income taxes.

B. Environment and employees
- Refer to 『3. Matters related to sanctions』 in 『XI. Other information』 for environmental sanctions or administrative
actions.
- No significant changes in employee positions during this period.
C. Legal regulations
- Refer to 『3. Matters related to sanctions』 in 『XI. Other information』 for major legal regulations on the Company’s
businesses.
D. Derivatives and risk management policy
- To manage exchange rate risk, overseas companies hedge by buying or selling currency forwards for a foreign currency
position that is not among the companies' functional currencies.
- Refer to 『5. Risk management and derivative trading』 in 『II. Businesses Overview』 and 『3. Notes to Financial
Statements』 in 『III. Financial Affairs』 for the Company’s key derivatives and risk management policy.

V. Auditor’s Report
1. Introduction
Samjong KPMG conducted an audit on the consolidated/separate financial statements of financial position of the Company
as of December 31, 2023, and the related consolidated/separate statements of profit or loss, comprehensive income, changes
in equity and cash flows for the year then ended and expressed an unqualified opinion on those financial statements.
Deloitte Anjin conducted audits on the consolidated/separate financial statements of financial position of the Company as
of December 31, 2022, and December 31, 2021, and the related consolidated/separate statements of profit or loss,
comprehensive income, changes in equity and cash flows for the years then ended and expressed an unqualified opinion on
those financial statements.
All of the Company’s subsidiaries received unqualified opinion for the years ended December 31, 2023, 2022 and 2021.
Year end Company Auditor Audit Opinion Emphasis of Matter Key Audit Matter(s)
(Consolidated)
1. Valuation of memory semiconductor inventory
at net realizable value
2. Accuracy and completeness of sales deduction
related to the sales promotion activities of products
Dec 31, 2023 Samjong KPMG Unqualified Not applicable
(Separate)
1. Valuation of memory semiconductor inventory
at net realizable value
2. Accuracy and completeness of sales deduction
related to the sales promotion activities of products
(Consolidated)
1. Sales deduction related to the sales promotion
activities of products
Dec 31, 2022 Deloitte Anjin Unqualified Not applicable
(Separate)
(Consolidated)
Dec 31, 2021 Deloitte Anjin Unqualified Not applicable
(Separate)
※ Audit opinion on both separate and consolidated financial statements.

[Audit Contract Description] (KRW mil)
Contract Actual
Fiscal Year Auditor Description Audit Total Fee Hours
fee Hours Claimed spent
- Review of the interim separate/consolidated financial statements
Year ended Samjong
- Audit of separate/consolidated financial statements 7,800 85,700 7,800 85,036
Dec 31, 2023 KPMG
- Audit of separate/consolidated Internal Control over Financial Reporting
Year ended Deloitte
Dec 31, 2022 Anjin
- Audit of Internal Control over Financial Reporting (ICFR)
Year ended Deloitte
Dec 31, 2021 Anjin
- Audit of Internal Control over Financial Reporting (ICFR)
< Review plan for the period ended December 31, 2023>
Review Period Planned Dates
Pre-review Mar 6, 2023 ~ Mar 29, 2023

2023 1Q
Review Apr 7, 2023 ~ May 12, 2023
Pre-review Jun 5, 2023 ~ Jun 30, 2023

2023 2Q
Review Jul 7, 2023 ~ Aug 11, 2023
Pre-review Sep 6, 2023 ~ Sep 27, 2023

2023 3Q
Review Oct 10, 2023 ~ Nov 14, 2023
Audit of IT systems and automated internal controls Apr 3, 2023 ~ Jan 31, 2024
Early substantive audit procedures (annual audit) Mar 6, 2023 ~ Dec 29, 2023
Audit of Internal Control over Financial Reporting (“ICFR”) Apr 3, 2023 ~ Jan 31, 2024
Update of early substantive audit procedures and audit of financial statements Jan 2, 2024 ~ Feb 19, 2024
※ Above schedule is for the review and audit of separate and consolidated financial statements, and audit of Internal Control over
Financial Reporting (“ICFR”)

[Non-Audit Service Contract Description] (KRW mil)
Fiscal Year Contract Date Non-audit Service Description Period for Service Compensation Note
Feb 2017 Tax advisory services(overseas subsidiaries) Jan – Dec 2023 202
Year ended Sep 2018 Tax advisory services(overseas subsidiaries) Jan – Dec 2023 27
Samjong KPMG
Dec 31, 2023 May 2019 Tax advisory services(overseas subsidiaries) Jan – Dec 2023 79
May 2023 ESG certification(domestic subsidiaries) May – Jul 2023 25
Year ended
- - - - -
Dec 31, 2022
Year ended
Jun 2017 E-discovery advisory services Jan – Dec 2021 394 Deloitte Anjin
Dec 31, 2021
[Details of internal audit committee’s discussion with Auditors]
No. Date Participants Method Details of discussion
- Key Audit Matters and others audit focus areas

Audit Committee: 3 members - Progress of audit of Internal Control over Financial
Face-to-face
1 Jan 27, 2023 Company: Head of Audit Team Reporting
meeting
Auditor: Signing partner and 4 others - Other required communications at the completion stage
of the audit
- Reporting on progress of quarterly review

Audit Committee: 3 members
Face-to-face - Audit plan for the year ending December 31, 2023
2 Apr 25, 2023 Company: Head of Audit Team
meeting - Other required communications at the planning stage of
Auditor: Signing partner and 4 others
the audit
- Annual audit plan and its progress
- Plan for the Key Audit Matters selection
Face-to-face - Progress of audit of Internal Control over Financial
3 Jul 25, 2023 Company: Head of Audit Team
meeting Reporting
- Discussion of quarterly review focus areas and other
required communications
- Plan for the Key Audit Matters selection
4 Oct 27, 2023 Company: Head of Audit Team
meeting Reporting
- Discussion of quarterly review focus areas and other
required communications
- Key Audit Matters and others audit focus areas
5 Jan 29, 2024 Company: Head of Audit Team
meeting Reporting
- Other required communications at the completion stage
of the audit
※ The auditor discussed with the internal audit committee in January 2023 was Deloitte Anjin. Samjong KPMG has been discussing
with the internal audit committee from April 2023.

2. Change of Independent Auditor
Upon termination of the contract with previous auditor, Deloitte Anjin, the audit committee has newly appointed Samjong
KPMG as the Company’s external auditor for three years from 2023 to 2025, in accordance with Article 10 (1), (3) and
(4) of the “Act on External Audit of Stock Companies, Etc.”. As a result, the Company’s external auditor has been
changed from Deloitte Anjin to Samjong KPMG from the beginning of this year.
There are 232 subsidiaries as at December 31, 2023. For the period ending December 31, 2023, 8 domestic subsidiaries,
including Samsung Display Co., Ltd., changed external auditor from Deloitte Anjin to Samjong KPMG and SU Materials
Co., Ltd. changed E&Y Hanyoung to Samjong KPMG. 30 overseas subsidiaries, including Samsung Electronics America,
Inc. (SEA), changed Deloitte to KPMG, 65 overseas subsidiaries, including Samsung (China) Semiconductor Co., Ltd.
(SCS), changed PwC to KPMG and 6 overseas subsidiaries, including Samsung Electronics Benelux B.V. (SEBN),
changed E&Y to KPMG, Laos Samsung Electronics Sole Co., Ltd (LSE) changed KPP Co., Ltd to KPMG.
Stella Forest of Hope, which was established in 2022, appointed Samjong KPMG, Electronics Uzbekistan Ltd. (SEUZ),
DOWOOINSYS VINA COMPANY LIMITED appointed KPMG, and Samsung Venture Capital Union SVIC No. 62
appointed Samjong KPMG as their new external auditors, respectively.
These changes in external auditors were to improve efficiency in audit of consolidated financial statements due to the change
of the Company’s external auditor. Appointment of auditor was decided at the entities’ own discretion.
Details of change in subsidiaries’ external auditors are as follows:
Subsidiaries Previous auditor Current Auditor

Samsung Display Co., Ltd. Deloitte Anjin Samjong KPMG
Samsung Electronics Service Co., Ltd. Deloitte Anjin Samjong KPMG
Samsung Electronics Service CS Co., Ltd. Deloitte Anjin Samjong KPMG
Samsung Electronics Sales Co., Ltd. Deloitte Anjin Samjong KPMG
Samsung Electronics Logitech Co., Ltd. Deloitte Anjin Samjong KPMG
Dowooinsys Co., Ltd. Deloitte Anjin Samjong KPMG
Gf-System Co., Ltd. Deloitte Anjin Samjong KPMG
Mirero System Co., Ltd. Deloitte Anjin Samjong KPMG
SU Materials Co., Ltd. E&Y Hanyoung Samjong KPMG
Samsung Electronics America, Inc. (SEA) Deloitte KPMG
Samsung Semiconductor, Inc. (SSI) Deloitte KPMG
Samsung Mexicana S.A. de C.V (SAMEX) Deloitte KPMG
Samsung International, Inc. (SII) Deloitte KPMG
Samsung Austin Semiconductor LLC. (SAS) Deloitte KPMG
Samsung Electronics Mexico S.A. De C.V. (SEM) Deloitte KPMG
Samsung Electronics (UK) Ltd. (SEUK) Deloitte KPMG
Samsung Electronics Holding GmbH (SEHG) Deloitte KPMG
Samsung Semiconductor Europe GmbH (SSEG) Deloitte KPMG
Samsung Electronics GmbH (SEG) Deloitte KPMG
Samsung Semiconductor Europe Limited (SSEL) Deloitte KPMG
Samsung Vina Electronics Co., Ltd. (SAVINA) Deloitte KPMG

Samsung Electronics Singapore Pte. Ltd. (SESP) Deloitte KPMG
Samsung Asia Pte. Ltd. (SAPL) Deloitte KPMG
Samsung Electronics Australia Pty. Ltd. (SEAU) Deloitte KPMG
Thai Samsung Electronics Co., Ltd. (TSE) Deloitte KPMG
Samsung Display Vietnam Co., Ltd. (SDV) Deloitte KPMG
Samsung R&D Institute BanglaDesh Limited (SRBD) Deloitte KPMG
Samsung Electronics Vietnam Co., Ltd. (SEV) Deloitte KPMG
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT) Deloitte KPMG
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) Deloitte KPMG
Samsung (CHINA) Investment Co., Ltd. (SCIC) Deloitte KPMG
Samsung Electronics Taiwan Co., Ltd. (SET) Deloitte KPMG
Shanghai Samsung Semiconductor Co., Ltd. (SSS) Deloitte KPMG
Samsung Gulf Electronics Co., Ltd. (SGE) Deloitte KPMG
Samsung Electronics Saudi Arabia Ltd. (SESAR) Deloitte KPMG
Samsung Electronics South Africa(Pty) Ltd. (SSA) Deloitte KPMG
Samsung Electronics Turkiye (SETK) Deloitte KPMG
Samsung Electronics Industry and Commerce Ltd. (SETK-P) Deloitte KPMG
Samsung Eletronica da Amazonia Ltda. (SEDA) Deloitte KPMG
Samsung Japan Corporation (SJC) PwC KPMG
Samsung R&D Institute Japan Co. Ltd. (SRJ) PwC KPMG
Samsung Electronics Japan Co., Ltd. (SEJ) PwC KPMG
Samsung Oak Holdings, Inc. (SHI) PwC KPMG
Samsung Electronics Canada, Inc. (SECA) PwC KPMG
Samsung Research America, Inc (SRA) PwC KPMG
SAMSUNG NEXT LLC (SNX) PwC KPMG
SAMSUNG NEXT FUND LLC (SNXF) PwC KPMG
Samsung Electronics Home Appliances America, LLC (SEHA) PwC KPMG
Samsung Electronics Digital Appliance Mexico, SA de CV (SEDAM) PwC KPMG
Samsung Electronics Latinoamerica Miami, Inc. (SEMI) PwC KPMG
Samsung Electronics France S.A.S (SEF) PwC KPMG
Samsung Electronics Hungarian Private Co. Ltd. (SEH) PwC KPMG
Samsung Electronics Czech and Slovak s.r.o. (SECZ) PwC KPMG
Samsung Electronics Italia S.P.A. (SEI) PwC KPMG
Samsung Electronics Europe Logistics B.V. (SELS) PwC KPMG
Samsung Electronics Romania LLC (SEROM) PwC KPMG
Samsung Electronics Overseas B.V. (SEO) PwC KPMG
Samsung Electronics Polska, SP.Zo.o (SEPOL) PwC KPMG
Samsung Electronics Nordic Aktiebolag (SENA) PwC KPMG
Samsung Electronics Austria GmbH (SEAG) PwC KPMG
Samsung Electronics Switzerland GmbH (SESG) PwC KPMG
SAMSUNG ELECTRONICS BALTICS SIA (SEB) PwC KPMG
Samsung Electronics Europe Holding Cooperatief U.A. (SEEH) PwC KPMG
Samsung Electronics Poland Manufacturing SP.Zo.o (SEPM) PwC KPMG
Samsung Electronics Greece S.M.S.A (SEGR) PwC KPMG
Samsung Nanoradio Design Center (SNDC) PwC KPMG
Samsung Electronics Air Conditioner Europe B.V. (SEACE) PwC KPMG
Samsung Denmark Research Center ApS (SDRC) PwC KPMG
Samsung Cambridge Solution Centre Limited (SCSC) PwC KPMG
Samsung R&D Institute India-Bangalore Private Limited (SRI-Bangalore) PwC KPMG
Samsung Electronics New Zealand Limited (SENZ) PwC KPMG
PT Samsung Electronics Indonesia (SEIN) PwC KPMG
PT Samsung Telecommunications Indonesia (STIN) PwC KPMG
Samsung Display Noida Private Limited (SDN) PwC KPMG
Samsung Display Dongguan Co., Ltd. (SDD) PwC KPMG
Samsung Display Tianjin Co., Ltd. (SDT) PwC KPMG
Samsung Electronics Hong Kong Co., Ltd. (SEHK) PwC KPMG
Suzhou Samsung Electronics Co., Ltd. (SSEC) PwC KPMG
Samsung Suzhou Electronics Export Co., Ltd. (SSEC-E) PwC KPMG
Samsung Mobile R&D Center China-Guangzhou (SRC-Guangzhou) PwC KPMG
Samsung R&D Institute China-Shenzhen (SRC-Shenzhen) PwC KPMG
Samsung Electronics Suzhou Semiconductor Co., Ltd. (SESS) PwC KPMG
SEMES (XIAN) Co., Ltd. PwC KPMG
Beijing Samsung Telecom R&D Center (SRC-Beijing) PwC KPMG
Samsung Electronics Suzhou Computer Co., Ltd. (SESC) PwC KPMG
Samsung Semiconductor (China) R&D Co., Ltd. (SSCR) PwC KPMG
Samsung Electronics China R&D Center (SRC-Nanjing) PwC KPMG
Samsung (China) Semiconductor Co., Ltd. (SCS) PwC KPMG
Samsung SemiConductor Xian Co., Ltd. (SSCX) PwC KPMG
Samsung Electronics West Africa Ltd. (SEWA) PwC KPMG
Samsung Electronics East Africa Ltd. (SEEA) PwC KPMG
Samsung Electronics Israel Ltd. (SEIL) PwC KPMG
Samsung Electronics Tunisia S.A.R.L (SETN) PwC KPMG
Samsung Electronics Pakistan(Private) Ltd. (SEPAK) PwC KPMG
Samsung Electronics South Africa Production (pty) Ltd. (SSAP) PwC KPMG
Samsung Semiconductor Israel R&D Center, Ltd. (SIRC) PwC KPMG
Samsung Electronics Maghreb Arab (SEMAG) PwC KPMG
Samsung Electronics Latinoamerica(Zona Libre), S. A. (SELA) PwC KPMG
Samsung Electronica Colombia S.A. (SAMCOL) PwC KPMG
Samsung Electronics Chile Limitada (SECH) PwC KPMG
Samsung Electronics Peru S.A.C. (SEPR) PwC KPMG
Samsung Electronics Ukraine Company LLC (SEUC) PwC KPMG
Samsung R&D Institute Ukraine (SRUKR) PwC KPMG
Samsung Electronics Central Eurasia LLP (SECE) PwC KPMG
Samsung Electronics Iberia, S.A. (SESA) E&Y KPMG
Samsung Electronics Benelux B.V. (SEBN) E&Y KPMG
Samsung Electronics Portuguesa, Unipessoal, Lda. (SEP) E&Y KPMG
Samsung Electronics Philippines Corporation (SEPCO) E&Y KPMG
Samsung Electronics Levant Co.,Ltd. (SELV) E&Y KPMG
Samsung Electronics Caucasus Co. Ltd (SECC) E&Y KPMG
Laos Samsung Electronics Sole Co., Ltd (LSE) KPP Co., Ltd KPMG
3. Regarding Internal Control
[Audit opinion of Internal Control over Financial Reporting (ICFR)]
Fiscal Year Group Auditor Opinion Remarks
[Audit Opinion] The Company maintained, in all material respects, effective

Year ended separate/consolidated internal control over financial reporting as of December
Samjong KPMG Not applicable
Dec 31, 2023 31, 2023, based on Conceptual Framework for Designing and Operating
Internal Control over Financial Reporting.

Year ended internal control over financial reporting as of December 31, 2022, based on
Deloitte Anjin Not applicable
Dec 31, 2022 Conceptual Framework for Designing and Operating Internal Control over
Financial Reporting.

Year ended internal control over financial reporting as of December 31, 2021, based on
Deloitte Anjin Not applicable
Dec 31, 2021 Conceptual Framework for Designing and Operating Internal Control over
Financial Reporting.

VI. Corporate Governance
1. Board of Directors
A. Overview
The Board of Directors consisted of 11 directors, 5 of whom are Executive Directors (Jong-hee Han, Kye-hyun Kyung, Tae-
moon Roh, Hark-kyu Park, and Jung-bae Lee) and 6 Independent Directors (Han-jo Kim, Sun-uk Kim, Jeong Kim, Jun-
sung Kim, Eun-nyeong Heo, and Myung-hee Yoo). The Board has appointed Han-jo Kim as Chairman as he will be able to
mediate the different opinions of Directors and is most qualified to manage Board activities. The roles of Board Chairman
and CEO have been separated to enhance the Board’s independence and transparency.
The Board has six committees: Management Committee, Audit Committee, Independent Director Recommendation
Committee, Related Party Transactions Committee, Compensation Committee, and Sustainability Committee.
[As of December 31, 2023]

Classification Composition Members Head Role
Jong-hee Han, Kye-hyun Kyung, - Make resolutions on matters provided for by
5 Executive Directors Tae-moon Roh, Hark-kyu Park, the relevant laws and regulations or the Articles
Jung-bae Lee of Incorporation, matters delegated by a
Han-jo Kim
Board of Directors general meeting of shareholders, as well as on
Han-jo Kim, Sun-uk Kim, Jeong (Independent)
6 Independent important matters concerning basic policies
Kim, Jun-sung Kim, Eun-nyeong
Directors and business execution.
Heo, Myung-hee Yoo
- Supervise management.
Jong-hee Han, Kye-hyun Kyung, - Deliberate and decide on matters related to
Management Jong-hee Han
5 Executive Directors Tae-moon Roh, Hark-kyu Park, finance, general management, and on matters
Committee (Executive)
Jung-bae Lee specifically delegated by the Board.
- Review and audit matters concerning

3 Independent Han-jo Kim, Sun-uk Kim, Han-jo Kim
Audit Committee management of the Company, including the
Directors Jeong Kim (Independent)
Company’s financial situation.
- Assess the independence, diversity, and ability
Independent Director
3 Independent Sun-uk Kim, Eun-nyeong Heo, Sun-uk Kim of potential candidates for Independent Director
Recommendation
Director Myung-hee Yoo (Independent) positions.
Committee
- Recommend candidates.
Related Party
3 Independent Sun-uk Kim, Han-jo Kim, Sun-uk Kim - Voluntarily comply with fair transaction
Transactions
Directors Jeong Kim (Independent) regulations to enhance corporate transparency.
Committee
- Ensure the objectivity and transparency of the

Compensation 3 Independent Jeong Kim, Han-jo Kim, Jun-sung Jeong Kim
decision-making process for Director
Committee Directors Kim (Independent)
compensation.
Han-jo Kim, Sun-uk Kim, Jeong

Sustainability 6 Independent Han-jo Kim - Promote sustainability management in ESG
Kim, Jun-sung Kim, Eun-nyeong
Committee Directors (Independent) areas and enhance shareholder value.
Heo, Myung-hee Yoo
☞ For more information on the appointment of each Board member, please refer to『I. Corporate Overview-2. Company history』
Mar 16, 2022: Independent Director Han-jo Kim was appointed as Board Chair, Independent Director Jun-sung Kim as member of the Compensation
Committee and Sustainability Committee, and all the Executive Directors as members of the Management Committee at the Board meeting.
Jul 28, 2022: Independent Director Sun-uk Kim was appointed as a member of the Independent Director Recommendation Committee and
Independent Director Jeong Kim as a member of the Compensation Committee at the Board meeting.

Nov 3, 2022: Eun-nyeong Heo and Myung-hee Yoo were newly appointed as Independent Directors at the EGM and appointed as members of the
Sustainability Committee at the Board meeting held on the same date.
Mar 15, 2023: Executive Director Jong-hee Han was appointed as a member of the Management Committee, and Independent Directors Eun-nyeong
Heo and Myung-hee Yoo were appointed as members of the Independent Director Recommendation Committee at the Board meeting.
Jan 29, 2024: Independent Director Sun-uk Kim was appointed as the Head of Independent Director Recommendation Committee
The number of Independent Directors and changes in the number are shown below.
Changes of Independent Directors
Number of Directors Number of Independent Directors
Appointed Dismissed Resigned
11 6 - - -
B. Agendas considered and voting results

Executive Directors Independent Directors
(attendance) (attendance)
Eun-
Date Agenda Results Jong-hee Kye-hyun Tae-moon Hark-kyu Jung-bae Han-jo Sun-uk Jeong Jun-sung Myung-
nyeong
Han Kyung Roh Park Lee Kim Kim Kim Kim hee Yoo
Heo
(100%) (75%) (88%) (100%) (100%) (100%) (100%) (100%) (100%) (100%)
(100%)
① Approval of FY22 financial
statements and full-year business Approved For For Absent For For For For For For For For
report
② Lease agreement(lessee) with
Approved For For Absent For For For For For For For For
Jan Samsung Display
31 ※ Reported Items
1) Report on FY22 internal accounting
management system activities
2) Report on evaluation of FY22
internal accounting management
system activities
① Financial transaction with Samsung
Approved For Absent For For For For For For For For For
Display
② Decision to convene the 54th AMG Approved For Absent For For For For For For For For For
③ Decision on the 54th AGM agenda Approved For Absent For For For For For For For For For
items
※ Reported Items
1) FY22 annual audit report
2) FY22 full-year business report
3) Report on transaction with affiliate
company
4) Report on FY22 internal accounting
Feb ※ Agenda item 1: Approval of FY22
14 financial statements, including balance
sheet, income statement, and the
statement of appropriation of retained
earnings, etc.
※ Agenda item 2: Appointment of
Executive Directors of Jong-hee Han
※ Agenda item 3: Approval of
remuneration limit for Directors
④ Approval of 2023 social contribution Approved For Absent For For For For For For For For For
matching fund
⑤ Donation to Chung-nam Samsung Approved For Absent For For For For For For For For For
Institute
⑥ Purchase of product liability Approved For Absent For For For For For For For For For
insurance
Eun-
nyeong
Heo
(100%) (75%) (88%) (100%) (100%) (100%) (100%) (100%) (100%) (100%)
(100%)
⑦ Establishment of plans on health and Approved For Absent For For For For For For For For For
safety for 2023
① Appointment of CEO Approved For Absent For For For For For For For For For
② Appointment of Board committee
Mar Approved For Absent For For For For For For For For For
members
15
③ Setting remuneration of Directors Approved For Absent For For For For For For For For For
④ Appointment of SCC member Approved For Absent For For For For For For For For For
① Approval of 1Q23 interim business
Approved For For For For For For For For For For For
report and quarterly dividend
Apr ② Promotion of supporting a smart
27 factory project
③ Donation to incentive fund for DS
Division's suppliers
① Approval of 2023 half-year business
report and quarterly dividend for the Approved For For For For For For For For For For For
Jul second quarter
27 ② Charitable contributions Approved For For For For For For For For For For For
③ Purchase of mobile device
insurance
① Purchase of package insurance
policy for domestic operations
Aug
※ Reported Items
18
① Report on the request to join the
Federation of Korean Industries
① Approval of 3Q23 interim business
report and quarterly dividend
② Changes to the real estate lease
agreement with Samsung Display
Oct ③ License grant agreement with
31 Samsung Display
④ Purchase agreement for Green 2-
dong with Samsung Display
※ Reported Items
① Report on the CEO candidate pool
① Revision of regulation on the Board
of Directors and Committee
② Approval of transaction with affiliate
company
③ Payment of retirement pension plan Approved For For For For For For For For For For For
Nov ④ Approval of business plan for 2024 Approved For For For For For For For For For For For
30
⑤ Contribution to Community Chest of
Korea’s annual fundraising Approved For For For For For For For For For For For
campaign for 2024
⑥ Contribution to UNDP sourced from
Samsung Global Goals
※ Reported Items

Eun-
nyeong
Heo
(100%) (75%) (88%) (100%) (100%) (100%) (100%) (100%) (100%) (100%)
(100%)
① Report on the evaluation of the
effectiveness of the compliance
control system
② Report on results of the compliance
review
③ Report on measures to develop a
compliance culture
C. Committees
(1) Composition of Board Committees

Responsibilities and
Committee Composition Members Note
authorities
Jong-hee Han (head), Kye-hyun Appointment of Executive
Management 5 Executive Directors Kyung, Tae-moon Roh, Director Jong-hee Han as
Hark-kyu Park, Jung-bae Lee the Head (April 27, 2023)
Appointment of
Related Party 3 Independent Sun-uk Kim (head), Han-jo Kim, Independent Director
Transactions Directors Jeong Kim Sun-uk Kim as the Head
(April 27, 2021)
See below Appointment of
3 Independent Jeong Kim(head), Han-jo Kim, Jun- Independent Director
Compensation
Directors sung Kim Jeong Kim as the Head
(January 27, 2023)
Appointment of
Han-jo Kim (head), Sun-uk Kim,
6 Independent Independent Director
Sustainability Jeong Kim, Jun-sung Kim, Eun-
Directors Han-jo Kim as the Head
nyeong Heo, Myung-hee Yoo
(April 28, 2022)
The Audit Committee and Independent Director Recommendation Committee was excluded according to Corporate Disclosure Guidelines.
For each committee under the Board of Directors, including the Management Committee, the head is appointed by the
committee members.
(The Management Committee)
Responsibilities: The Management Committee deliberates and decides on matters specified by Board regulations and
resolutions or specifically delegated by the Board. The composition and operation of the management committee are
determined by the Board.
- Authorities:
(A) General management
1. Annual or mid to long-term management policy and strategy
2. Key management strategy
3. Business planning and restructuring
4. Establishment, relocation, and withdrawal of overseas branch and corporation
5. Initiating cooperation such as strategic partnership with foreign companies
6. Acquisition or disposal of domestic and overseas subsidiaries
(provided that the value of transaction exceeds 0.1% of total equity)
7. Other major management issues
8. Establishment, relocation, and withdrawal of branches and operations
9. Appointment or dismissal of supervisors
10. Suspension or shutdown of production over 5% of the total production in the recent year
11. Licensing agreements and technology transfer, partnership in regards to technology of over 0.5% of the total equity
12. Acquisitions and transfers of patents related to new material and new technology of over 0.5% of the total equity
13. Collection and destruction of products corresponding to over 5% of the total sales in the recent business year
14. Contracting for over 5% of the total sales in the recent business year
15. Contracting or canceling of single sales agency and suppliers over 5% of the total sales in the recent business year
16. Establishment of basic principles of organization management
17. Decision making on basic principles and any changes related to wages, bonus, and fringe benefits
18. Appointments, dismissals and changes of transfer agent
19. Closing of shareholder register and setting reference date
20. Establishment of corporate guidelines for business and management related activities
(B) Matters related to Finance
1. Acquisitions or disposals of equity investments with a value no less than 0.1% and less than 2.5% of the total equity
2. Direct overseas investments with a value no less than 0.1% and less than 2.5% of the total equity
3. New debt guarantee (excluding extension of period) or collateral issuance with a value no less than 0.1% and less
than 2.5% of the total equity
A. Collateral: Only in the case of providing collateral for others
B. Guarantee: Excludes performance guarantee (e.g., bid, contract, defect, difference guarantee) and tax payment
guarantee
4. New credit agreement contract (excluding extension of period) with a value no less than 0.1% and less than 5% of
the total equity
5. Approval of related party transactions:
Related party transactions with affiliates involving cash (loans and payments), equity (stocks and bonds) or assets
(such as real estate and intangible property rights) with a value no less than KRW 3 billion as defined in the
Monopoly Regulation and Fair Trade Act
※ Excluding cases where existing contracts are renewed without significant change.
6. Issuance of corporate bonds
7. Acquisition and disposal of real estate with a value of over 0.1% of the total equity, provided that the transaction
is with a third party
8. Any matters that the CEO deems necessary and important for the business (e.g., capex)
(C) All other matters except for those delegated to the Board and other committees in accordance with Board regulations
(Related Party Transactions Committee)

- Responsibilities: Improve management transparency through the establishment of a voluntary compliance system
- Authorities:
1. Right to receive reports on related party transactions:
The Committee can request reports on related party transactions with affiliates
※ According to the Monopoly Regulation and Fair Trade Act, the Related Party Transactions committee is
permitted to conduct preliminary reviews and approves on related party transactions and other transactions that
are deemed as significant
2. Right to order ex officio investigation of related party transactions
3. Right to propose corrective measures for related party transactions
(Compensation Committee)
- Responsibilities: Provide transparent and objective decision making process related to remuneration of directors
- Authorities:
1. Propose remuneration limit of directors at AGM
2. Establish the director remuneration system
3. Other matters delegated by the Board
(Sustainability Committee)
- Responsibilities: Promote sustainability management in ESG areas and enhance shareholder value
- Authorities:
1. Matters related to corporate sustainability management
- Key strategies and policies on sustainability management
- Report on key activities for sustainability management including environment, society, and governance
- Plans for publishing the Company’s Sustainability Report
2. Matters related to shareholder value enhancement
- Preliminary review on shareholder return policies
- Report on key issues related to shareholder rights and interests
- Other matters that may significantly impact sustainability management and shareholder value that are deemed
necessary for the Committee to discuss
3. Establishment, composition, operation of organizations under the committee including research groups, councils,
etc.
4. Other matters delegated by the Board

(2) Committee Activities
 The Management Committee (2023)
Director
(attendance)
Voting
Date Agenda Jong-hee Hark-kyu Jung-bae
results Kye-hyun Kyung Tae-moon Roh
Han Park Lee
(100%) (67%)
(100%) (100%) (100%)
① Leasing agreement Approved For For For For For
Jan 19
② Executive OPI change Approved For For For For For
① Appointment of the head of the
Approved For For For For For
Management Committee
② Establishment of overseas
subsidiary
Apr 27
③ Liquidation of an overseas(China)
subsidiary
④ Liquidation of an
overseas(Europe) subsidiary
① Investment in Memory Business Approved For For Absent For For
May
15 ② Acquisition of an overseas
Approved For For Absent For For
subsidiary
① Investment in Memory in 2024 for
EUV facilities
② Investment in Foundry in 2024
and 2026 for EUV facilities
③ Investment in Foundry for 3nm
capacity expansion at Hwasung Approved For For For For For
Aug facility
11
④ Investment in infrastructure for
DRAM development at Approved For For For For For
Pyeongtaek Semiconductor R&D
Center
⑤ Investment in EUV facilities in
2026 at Semiconductor R&D Approved For For For For For
Center
① Investment in Foundry for 3nm
capacity expansion at Hwasung Approved For For For For For
facility
Oct
12 ② Investment in
construction/facilities to address Approved For For For For For
advanced production package
production in 2024
Nov ① Construction of new buildings

(offices 3-dong/6-dong) at Approved For For For For For
21
Pyeongtaek sites
① Finishing work for Foundry clean
room at Pyeongtaek P4 Ha-dong
② Construction of NRD K Ph 1 and
Ph 2 in Giheung Semiconductor Approved For For For For For
Nov R&D Center
24 ③ Investment in Memory fab in Approved For For For For For
3Q24
④ Expansion of Supercomm at
Super Computing Center and Approved For For For For For
investment in infrastructure
Dec
21 ① EMADA with Google Approved For Absent For For For
② Purchase of mobile device

Approved For Absent For For For
insurance
 The Related Party Transactions Committee (2023)
Directors
(attendance)
Date Agenda Voting results
Sun-uk Kim Han-jo Kim Jeong Kim
(100%) (100%) (100%)
① Prior review on large-scale related party transactions - - - -
Jan 27 1) Lease agreement (lessee) with Samsung Display
② Report on 4Q22 related party transactions - - - -
- - -
① Prior review on large-scale related party transactions -
Feb 10 1) Purchase of product liability insurance
2) Financial transaction with Samsung Display
Apr 25 ① Report on 1Q23 related party transactions - - - -

1) Charitable contributions
Jul 25
2) Purchase of mobile device insurance
Aug 18
1) Purchase of package insurance policy for domestic operations
1) Changes to the real estate lease agreement with Samsung Display
Oct 27 2) License grant agreement with Samsung Display
3) Purchase agreement for Green 2-dong with Samsung Display
Nov 28 1) Payment of retirement pension plan
2) Approval of 2024 large-scale product and service transactions

□ The Compensation Committee (2023)
Directors
(attendance)
Jeong Kim Han-jo Kim Jun-sung Kim
(100%) (100%) (100%)
① Appointment of the head of the Compensation Committee Approved For For For
Jan
② Review on 2023 fixed annual salary for each Executive Director Approved For For For
27
③ Review on 2023 remuneration limit for Directors Approved For For For
Jan 27, 2023: Independent Director Jeong Kim was appointed as the Head of Compensation Committee
 The Sustainability Committee (2023)

Directors
(attendance)
Voting Eun-nyeong Myung-hee
Date Agenda Han-jo Jeong
results Sun-uk Kim Jun-sung Kim
Kim Kim Heo Yoo
(100%) (100%)
(100%) (100%) (100%) (100%)
※ Reporting Item
Jan 31
1) Updates of IR activities - - - - - - -
※ Reporting Item
Apr 27 2) Current status and response; ESG information disclosure
- - - - - - -
request (draft)
3) Current status and response: EU supply chain due diligence
- - - - - - -
directive
※ Reporting Item
Jul 25
2) Updates on progress of The Universe - - - - - - -
3) Updates on progress of the Company's accessibility - - - - - - -
※ Reporting Item
Oct 27 1) Updates of IR activities - - - - - - -
2) Key achievements of the New Environmental
- - - - - - -
Strategy during its first year of implementation
D. Director independence
(1) Appointment of Directors
The Board nominates Executive Director candidates and the Independent Director Recommendation Committee nominates
Independent Director candidates. Directors are then appointed at the general meeting.
A candidate for Director needs to meet the requirements of relevant laws and the Articles of Incorporation. Executive
Directors are recommended at a Board meeting based on his or her expertise and leadership from among a list of candidates
that is continually updated. Independent Directors candidates are recommended by the Independent Director
Recommendation Committee, and the Board reviews and finalizes the choices as agenda items at an AGM. Independent
Directors should have no material interests with the Company and its major shareholder, possess knowledge and experience
in finance, law, IT, ESG, investment, environment, energy, and international trade, etc., and be able to fulfill the roles and
responsibilities of supervising management from an independent position.
Please refer to 『VIII. Executives and Employees』 for more information about the career of each Director.

The Board submits shareholders’ proposal for appointment of Directors at the general shareholder meeting as a separate
agenda if the proposal satisfies related laws and regulations.
The composition of the Board of Directors, as appointed by shareholders, is as follows:
Relationship
Term Transaction with the
Reasons for
Position Name (No. of Nominator Responsibility with the Company’s
appointment
reappointments) Company major
shareholders
Director Jong-hee Han
is an expert in display
R&D and played a
leading role in
continuously achieving
Mar 2020 the top position in the Overall
Executive
Jong-hee – global TV market. As the management
Director The Board N/A Related party
Han Mar 2026 Head of the DX Division, of the DX
(CEO)
(1) he will contribute to Division
further solidifying
leadership amid
intensifying competition
by using his outstanding
business capabilities.
As the Head of the DS
Division, Director Kye-
hyun Kyung has
developed technologies
in all three major
memory products—
DRAM, flash, and
Mar 2022 solution. He was judged Overall
Executive
Kye-hyun – to be the most qualified management
Director The Board N/A Related party
Kyung Mar 2025 person to improve of the DS
(CEO)
(None) organization’s Division
fundamentals through
communicative and
empathetic leadership
as well as to firmly
solidify our position as a
leader in the global
semiconductor market.

Relationship
Reasons for
appointment
shareholders
Director Tae-moon Roh
has served in various
core positions in the MX
Business, and in 2021,
delivered record
results—the highest
since 2014—achieving
Mar 2022 KRW 104 trillion in Overall
Executive Tae-moon – revenue through management
The Board N/A Related party
Director Roh Mar 2025 products such as S21 of the MX
(None) and foldables. He is Business
expected to contribute
significantly to enhancing
corporate fundamentals,
such as improving
profitability and
solidifying business
fundamentals.
Director Hark-kyu Park
has held numerous key
positions in core
businesses and proved
his risk management
capabilities.
Furthermore, he has
successfully led
business innovations
with a broad
perspective.
Mar 2022 As the Head of
Corporate Management
Executive Hark-kyu – Overall
Office of the DX The Board N/A Related party
Director Park Mar 2025 management
Division, his
(None)
responsibilities include
overall corporate
support, management
analysis, and even risk
management to deliver
business achievements,
and he contributes
significantly to
coordinating
management issues
across the entire
Company.

Relationship
Reasons for
appointment
shareholders
Director Jung-bae Lee is
an expert who has the
experience of serving in
key positions, including
development, quality,
and strategy. He oversaw
the Company
achievement of being the
top firm in terms of
Mar 2022 DRAM revenue for a Overall
Executive Jung-bae – 30th consecutive year by management
The Board N/A Related party
Director Lee Mar 2025 securing product of the Memory
(None) competitiveness, and he Business
spearheaded the efforts
to regain the title of No.1
global semiconductor
revenue in 2021,
demonstrating his
extensive experience
and outstanding
capabilities in DS
Division businesses.
Director Han-jo Kim has
built expertise in finance
and business
management through
his experience as a
President of Korea
Exchange Bank and
Mar 2019 Independent
now serves as the
Independent – Director Overall
Han-jo Kim chairman of a social N/A N/A
Director Mar 2025 Recommendation management
contribution foundation.
(1) Committee
He will contribute to the
Company by providing
valuable insight on
overall business issues
and by utilizing expertise
in finance, co-growth,
etc.
Director Sun-uk Kim is a
legal expert and has
experience as a
Mar 2018 professor at a school of Independent
Independent – law and the Legislation Director Overall
Sun-uk Kim N/A N/A
Director Mar 2024 Minister. She can Recommendation management
(1) present a new Committee
perspective to the Board
based on objective and
juridical reasoning.

Relationship
Reasons for
appointment
shareholders
Director Jeong Kim is an
IT expert and an
Mar 2018 entrepreneur. He will Independent
Independent – contribute to the Board’s Director Overall
Jeong Kim N/A N/A
Director Mar 2024 strategic decisions by Recommendation management
(1) utilizing his expertise, Committee
wide network, and
business capability.
Director Jun-sung Kim is
an expert in the global
economy and
investment who has
experience analyzing
and investing in stock
Mar 2022 markets in advanced Independent
Independent Jun-sung – economies. He will Director Overall
N/A N/A
Director Kim Mar 2025 effectively represent Recommendation management
(None) foreign markets and Committee
investors and contribute
significantly to
establishing investment
strategies in line with
current trends via global
networking.
Director Eun-nyeong
Heo is an expert in
energy, resources, and
the environment and, in
particular, how they
relate to economy and
Nov 2022 Independent
policy. As a renowned
Independent Eun-nyeong – Director Overall
international scholar, he N/A N/A
Director Heo Nov 2025 Recommendation management
will contribute to
(None) Committee
strengthening the
Company’s
management in the
relevant fields and
provide practical advice
to the Board.
Director Myung-hee Yoo
is an expert in
international trade who
served as Korea’s Trade
Minister. Backed by her
Nov 2022 Independent
diplomatic
Independent Myung-hee – Director Overall
communication skills N/A N/A
Director Yoo Nov 2025 Recommendation management
and global network, she
(None) Committee
will enhance
communication with the
Company’s key
investors and
stakeholders.
Relationship with Company’s major shareholders is in accordance with Article 542-8 of the Commercial Act.

(2) Independent Director Recommendation Committee
The Independent Director Recommendation Committee assesses the independence and ability of potential candidates and
recommends selected candidates to be appointed at the AGM. As of the reporting date (December 31, 2023), The Committee
currently consists of 3 Independent Directors (Sun-uk Kim, Eun-nyeong Heo, and Myung-hee Yoo), meeting the
requirement of having Independent Directors comprise the majority of Committee members, as stipulated in Article 542-8,
Paragraph 4 of the Commercial Act.
The Independent Director Recommendation Committee conducts a thorough evaluation for the candidates (including those
recommended by Independent Directors and external organizations) of factors including Board composition, the
professional background of the outgoing Independent Director, and committee engagements within the Board. Based on
this assessment, the committee selects the ultimate candidate to be recommended as a member of the Independent Director.
Directors
(attendance)
Sun-uk Kim
Eun-nyeong Heo(-) Myung-hee Yoo(-)
(-)
- - - - - -
Jul 28, 2022: Independent Director Sun-uk Kim was appointed as an Independent Director Recommendation Committee member at the Board meeting
Mar 15, 2023: Eun-nyeong Heo and Myung-hee Yoo were appointed as Independent Director Recommendation Committee members at the AGM.
Jan 29, 2024: Independent Director Sun-uk Kim was appointed as the Head of the Independent Director Recommendation Committee; and February
19 was set as the date for recommending Independent Directors.
Feb 19 2024: The Independent Director Recommendation Committee deliberated and decided on recommending one candidate as an Independent
Director for the Audit Committee member and another candidate as an Independent Director.
(3) Expertise of Independent Directors

1) Support team for Independent Directors
Number of Position
Team Key activities
employees (total years served/ years in support team)
 Support operation of annual shareholders’
meeting, Board meetings, and Committee
Corporate EVP: 1 person meetings
(18 years and 11 months / 1 year 1 month)  Support education for Independent Directors and
Board of their activities
Principal Professional: 2 person
Directors 4  Establish database on Director candidates
(18 years and 11 months / 5 year and 8 months)
Office  Provide information regarding the agenda to each
Professional: 1 person Director
(6 years and 11 months / 10 months)  Administrative work for meetings
 Record meeting agendas for the Board and
committee meetings
2) Education programs to provide updates on key management issues for Independent Directors
① Inspection of domestic and overseas business sites

Reasons for
Date Organizer Participants Education contents
absence
Han-jo Kim, Sun-uk Kim, Byung-
On-site visit to check the current
Apr 28, 2022 MX Business gook Park, Jeong Kim, Jun-sung N/A
management status of businesses
Kim
Han-jo Kim, Sun-uk Kim, Jeong On-site visit to check the current
Jul 28, 2022 Memory Business N/A
Kim, Jun-sung Kim management status of businesses
Report on current management
SEUK, SRUK, SEF, SENA, Han-jo Kim, Sun-uk Kim, Jeong COVID-19 status and inquiries on key issues
Aug, 2022
SEH Kim (Jun-sung Kim) Visits to TV production lines and
business sites, etc.
Nov 30, 2022 Foundry Business Kim, Jun-sung Kim, Eun-nyeong N/A
management status of businesses
Heo, Myung-hee Yoo
Jan 31, 2023 Design Management Center Kim, Jun-sung Kim, Eun-nyeong N/A
status of business organizations
Heo, Myung-hee Yoo
Han-jo Kim, Sun-uk Kim, Jeong Concurrent On-site visit(Gwangju) to check the
Digital Appliances Business
Apr 27, 2023 Kim, Eun-nyeong Heo, Myung- Business current management status of
Unit
hee Yoo (Jun-sung Kim) businesses
status of businesses and medium-
Jul 27, 2023 S.LSI Business Kim, Jun-sung Kim, Eun-nyeong N/A
to-long term business strategies,
Heo, Myung-hee Yoo
etc.
status, inquiries on key issues, and
Han-jo Kim, Sun-uk Kim, Jeong Concurrent assessments of internal control
Aug, 2023 SEDA, SECH, SELA, SEM Kim, Eun-nyeong Heo, Myung- Business activities
hee Yoo (Jun-sung Kim) Visits to production lines and
marketing sites, and meetings with
employees
Concurrent
Han-jo Kim, Sun-uk Kim, Jeong Report on current management
Business
Oct 31, 2023 VD Business Kim, Eun-nyeong Heo, Myung- status of businesses and business
(Jun-sung
hee Yoo strategies, etc.
Kim)
We provide educational materials to Independent Directors if their current occupation makes it difficult for them to participate in on-site programs
prepared by the Company such as visits to Business Units or subsidiaries and training sessions.
② Orientation for newly appointed Independent Directors
Reasons for
absence
Key issues regarding Board activities
Apr 27, 2022 Corporate Management Office Jun-sung Kim N/A
and management
Eun-nyeong Heo, Myung- Key issues regarding Board activities
Nov 28, 2022 Corporate Management Office N/A
hee Yoo and management
New Independent Directors are subject to the orientation.

③ Orientation for Independent Directors
Reasons for
absence
Han-jo Kim, Sun-uk Kim,
Key issues regarding management,
Samsung Human Resources Jeong Kim, Jun-sung Kim,
Mar 15, 2023 N/A including the company history and
Development Center Eun-nyeong Heo, Myung-
management philosophy
hee Yoo
Han-jo Kim, Sun-uk Kim, Concurrent Understanding marketing activities
Global Marketing Division
Apr 25, 2023 Jeong Kim, Eun-nyeong Business Understanding EHS management
Global EHS Center
Heo, Myung-hee Yoo (Jun-sung Kim) status and environment management
Understanding CSR activities including
CSR Han-jo Kim, Sun-uk Kim, Concurrent
Samsung Stepping Stone of Hope
Oct 27, 2023 Software academy for youth Jeong Kim, Eun-nyeong Business
Introduce SSAFY program
Creative Development Center Heo, Myung-hee Yoo (Jun-sung Kim)
Introduce C-Lab and its activities
2. Audit System
A. Profiles of Audit Committee members
As of December 31, 2023, SEC operates an Audit Committee consisting of three Independent Directors. Director Han-jo
Kim qualifies as an expert in finance in accordance with relevant regulations.
Accounting/financial expertise1)
Name Major experience
Classification Relevant experience
 2015–2016: Vice Chairman, Hana

 2021–present: CEO/Rep Director, Hana Nanum Financial Group
Foundation
 2014–2015: President, Korea Exchange
 2019–2021: CEO/Rep Director, Hana Foundation
 2015–2019: CEO/Rep Director, Hana Nanum Bank
Han-jo Kim Type 42)  2013–2014: President, KEB Capital
Foundation
 2015–2016: Vice Chairman, Hana Financial Group  2012–2013: Head of Corporate Business
 2014–2015: President, Korea Exchange Bank Group, Korea Exchange Bank
 2013–2014: President, KEB Capital Inc.  1999–2002, 2004–2005: Head of Branch,
Korea Exchange Bank
 2018–present: Professor Emeritus, School of Law,

Ewha Womans University
 1995–2018: Professor, Ewha Law School, Ewha
Sun-uk Kim – –
Womans University
 2010–2014: President, Ewha Womans University
 2005–2007: Minister of Government Legislation
 2013-present: Co-Founder and Executive Chairman,
Kiswe Mobile
 2011-2013: Chief Strategy Officer, Alcatel-Lucent
Jeong Kim  2005-2013: President, Alcatel-Lucent Bell Labs – –
 2002-2013: Professor of Electrical and Computer
Engineering & Mechanical Engineering, University of
Maryland

Accounting/financial expertise1)
Name Major experience
Classification Relevant experience
 1998-2001: President, Lucent Technologies
 1992-1998: Founder, Chairman & CEO, Yurie Systems
1) Defined in Public Disclosure Guideline and Article 37-2 of the Enforcement Decree of the Commercial Act
2) Experience at financial, government, securities-related organizations in charge of accounting or finance or in charge of supervision over accounting
or finance for an aggregate of at least five years
B. Audit Committee independence

Pursuant to related laws and the Articles of Incorporation, SEC has prepared internal audit regulations which encompass
composition, operation, authority, and responsibility of the Audit Committees to carry out audit related activities.
Among the members of Audit Committee, Sun-uk Kim was recommended by the Independent Director Recommendation
Committee as Independent Director for Audit Committee Member and subsequently confirmed as a candidate for the Audit
Committee member by the Board; Independent Directors Han-jo Kim and Jeong Kim were recommended by the Board;
and all Directors were appointed to the Audit Committee members through resolutions at the AGM. The recommendations
were based on expertise and experience as a financial expert (Han-jo Kim), legal expert (Sun-uk Kim), and global
management expert (Jeong Kim). Samsung believed the candidates would faithfully fulfill activities as Audit Committee
members independently from the Company and the Company’s major or key shareholders.
Requirements Requirement status Applicable acts, etc.

Satisfied: the committee consists of three Article 415-2 (2) of the
The audit committee shall consist of at least three directors.
Directors Commercial Act,
The ratio of independent directors shall exceed two thirds of the Satisfied: all members are independent Article 2 of the Company’s Audit
total number of members. directors) Committee Regulation
At least one member of the committee shall be an accounting or Satisfied: Independent Director Han-jo Article 542-11 (2) of the
financing expert. Kim Commercial Act,
The representative of the committee shall be an Independent Satisfied: Independent Director Han-jo Article 3 of the Company’s Audit
Director. Kim Committee Regulation
Article 542-11 (3) of the
Other conditions (related party of the major shareholder, etc.) Satisfied (n/a)
Commercial Act

Term Relationship Relationship with
Reasons for Concurrent
Name (No. of Nominator with the the Company’s
appointment positions
reappointments) Company major shareholders
As an expert in finance
with broad experience
and expertise, he will
Mar 2019–
Han-jo offer impartial
Mar 2025 Board of Directors N/A N/A -
Kim judgement on overall
(1)
management activities
while carrying out his
duties.
Based on the legal
expertise and
experience running
organizations in areas Independent
Mar 2018–
Sun-uk including administration, Director
Mar 2024 N/A N/A -
Kim finance, international Recommendation
(1)
affairs, etc., she can Committee
carry out the duties in
an aboveboard manner
with strict standards.
As a global business
leader with the
experience of operating Chairman
Mar 2022– a number of companies of Kiswe
Jeong
Mar 2024 transparently and fairly, Board of Directors N/A N/A Mobile
Kim
(N/A) he will offer independent (2013-
and objective present)
perspective while
carrying out his duties
Relationship with the Company and Company’s major shareholders is in accordance with Article 542-8 of the Commercial Act.
The Audit Committee reviews accounting documents including financial statements and audit process related documents
presented by the external auditor, and if needed, requests the external auditor to perform additional reviews on accounting
books and records. To ensure the reliability of accounting related disclosures, the audit committee receives and reviews a
report on internal accounting control systems prepared by internal accounting managers. In addition, the Committee attends
the Board meetings and other significant meetings. The Committee receives reports on deliberations of the Management
Committee and on business performance from Directors and requests additional reviews and supplementation of data as
needed.

C. Major activities of the Audit Committee (2023)
Voting Directors (attendance)

Date Agenda
results Han-jo Kim(100%) Sun-uk Kim(100%) Jeong Kim(100%)
- Report on 2022 internal accounting - - - -
- Report on evaluation of 2022 internal accounting - - - -
- Communication between external auditor and
- - - -
Jan audit committee
27 - Report on 2022 financial statement and - - - -
business report
- Report on 4Q22 non-audit activities - - - -
- Report on 4Q22 external contributions
- Report on 2022 audit activities - - - -
- Review of the 54th AGM agenda - - - -

Feb
- Report on activities of internal compliance
10 - - - -
system in 2022
audit committee - - - -
- Report on 2022 audit activities
- Report on 1Q23 interim business report - - - -
Apr - Report on 1Q23 non-audit activities
25 - Report on plans for reviewing 2023 internal - - - -
accounting management system activities - - - -
- Report on 1Q23 external contributions
- Report on plans for evaluating 2023 internal - - - -
accounting management system activities - - - -

Audit Committee - - - -
- Report on 2023 half-year business report
- Report on 2Q23 non-audit activities - - - -
- - - -
Jul
- Interim report on 2023 internal accounting
- - - -
25
- Report on 2Q23 external contributions - - - -
- Report on 1H23 audit activities - - - -
- Report on evaluation of 2023 internal accounting Approved - - -
management system and the establishment of
operational regulations
- Communication between external auditor and -
- - -
audit committee
Oct - Report on 3Q23 interim business report -
- - -
- Report on 3Q23 non-audit activities -
27 - - -
- Report on 3Q23 external contributions -
- - -
※ The external auditor reported that it did not perform non-audit services subject to approval by the Audit Committee, which was confirmed by the
Audit Committee. Audit Committee made final confirmation through internal discussion that non-audit services subject to the Committee’s approval
had not been performed.

D. Education programs for the Audit Committee
In accordance with the working guide for internal accounting management system, we are conducting additional training to
ensure the expertise of the Audit Committee. Organized by external experts, finance team, and audit team, education on
changes to internal control, internal accounting management system is provided more than once a year.
E. Previous education sessions
Reasons for
absence
Jae-wan Bahk
Introduction of consolidated internal
Jul 27, 2021 External experts Sun-uk Kim N/A
accounting control system
Han-jo Kim
Corporate Finance & Accounting Team, Purpose of internal accounting control
May 25, 2022 Jeong Kim N/A
External experts system and roles of Audit Committee
Han-jo Kim Best practices from abroad in
Jul 26, 2022 External experts Sun-uk Kim N/A organizational operations of internal
Jeong Kim accounting control system
Han-jo Kim Measures for advancement of internal
Oct 27, 2023 External experts Sun-uk Kim N/A accounting control system using generative
Jeong Kim AI, etc.

F. Support team for the Audit Committee

Team Composition Service years on team Major tasks
1 Executive Vice President, Executive Vice President: 1 month

Audit team 1 Principal Professional, Principal professional: 6 years Support the Audit Committee
2 Senior Professionals Senior Professional: 3 year and 5 months
1 Vice President, Executive Vice President: 5 years

Internal accounting Support assessment of the
1 Lawyer, Lawyer: 2 years and 9 months
assessment support internal accounting
1 Principle Professional, Principle Professional: 7 month
group management system
1 Senior Professional Senior Professional: 7 months
Service years are based on the period in charge of the assigned duty.
G. Compliance Officer
Name Jung-ho Park
Date of birth September 1971
Sex Male
Corporate Compliance Team leader at Samsung Electronics
Current position
(December 2022–present)
1. Personal information
and major career May 2004: HR Team, Corporate Management Office, SEC (lawyer)
Dec 2014: Corporate Legal Team, Corporate Legal Office, SEC (Vice President)
Career Mar 2018: Legal & Compliance Team, DS Division, SEC (Vice President)
Jan 2020: Compliance Team, SEC (Vice President)
Dec 2022: Head of Compliance Team, SEC (Executive Vice President)
Bachelor’s Degree in Law (Seoul National University)

Academic background
Master’s Degree in Human Resources & Labor Relations (Michigan State University)
2. Date of Board resolution December 20, 2022
3. Disqualifications N/A
4. Others N/A
Compliance officer meets the eligibility requirement (lawyer) stated in Article 542-13 (5) of the Commercial Act.

H. Major compliance activities
The Company conducts compliance assessments on a regular and ad-hoc basis and reflects the results in the Company’s
business activities to improve compliance of the Company and its employees.
Date Assessment subject Assessment area Results
Compliance of domestic organizations involved

Jan 2023 Trade secrets, technology misuse, etc
with quality
Compliance of domestic and overseas third-party
Mar 2023 Technology leak, product liability, etc.
production customers
Voluntary compliance of overseas subsidiaries Status of compliance program
May 2023
Monitored potential risks of trade secret
Trade secrets
infringement
Compliance of overseas sales subsidiaries Fair transaction, trade secrets, etc.
Jun 2023
Technology leak, product liability, etc.
Compliance of domestic organizations involved
Jul 2023 Fair transaction, Trade secrets, etc.
with trade
Monitoring of external contributions and related Overall result was
Anti-corruption, fair transaction satisfactory. Internal policies
party transaction risks
Aug 2023 were followed in areas where
Compliance of subsidiaries Trade secrets, personal information, etc. there was room for
improvement.
Compliance of patent application process Technology misuse, trade secrets, etc.
Sep 2023 Compliance of online sales sites Consumer protection, dark patterns
Technology leak, product liability, etc.
Monitoring of external contributions and related
Anti-corruption, fair transaction
party transaction risks
Oct 2023
Voluntary compliance of overseas subsidiaries Status of compliance program
Nov 2023 Compliance of patent application process Technology misuse, trade secrets, etc.
Dec 2023 Technology leak, product liability, etc.
Assessment conducted in the final month of each quarter.
Each assessment was conducted on selected organizations.

I. Support team for the Compliance Officer
Team Composition Service years (average) Major tasks
Vice Presidents (2)

Vice Presidents (6 years and 7 months)
Principal Professionals/Engineers (17)
Principal Professionals (8 years and 11 months)
Compliance Lawyers (12) Supports activities of
Lawyers (5 years)
team, etc. Senior Professionals (34) the Compliance Officer
Senior Professionals (5 years and 7 months)
Professionals (2)
Professionals (2 years and 4 months)
Total: 67

3. General meeting of shareholders
A. Voting method
As of December 31, 2023, the Company has not adopted cumulative voting or paper voting and has adopted electronic
voting, which was used at the AGM on March 15, 2023.
On January 30, 2020, the Board resolved to adopt electronic voting to enhance convenience in exercising voting rights for
shareholders in accordance with Article 368-4 (Exercise of Voting Rights by Electronic Means) of the Commercial Act.
E-voting has been used at every AGM since it was introduced at the AGM on March 18, 2020.
The convocation notice of general meeting of shareholders includes the information that voting rights can be exercised
electronically. Owners of shares as of the last day of every settlement term can exercise their voting rights via the electronic
voting system of Korea Securities Depository ten days prior to general meeting date until the day before the meeting, without
being present at the meeting.

Classification Cumulative voting Paper voting Electronic voting
Adoption Excluded Not adopted Adopted
Implementation - - AGM (2022)

The Company as of the reporting date employs proxy voting and it contacts shareholders directly to recommend delegating voting rights, contacts
shareholders by mail or email, and also made a power of attorney form available on the Company website.
B. Minority shareholder rights

No minority shareholder rights were exercised during the reporting period.
C. Competition over management rights

No competition over management rights occurred during the reporting period.
D. Voting shares
As of December 31, 2023, SEC has 5,969,782,550 issued shares of common stock, and 822,886,700 issued shares of
preferred stock with no voting rights. There are 603,811,048 shares of common stock with limited voting rights under
relevant laws. Thus, the total number of shares with full voting rights is 5,365,971,502.

Classification Share type Number of shares Note
Common 5,969,782,550 -
Number of issued shares (A)
Preferred 822,886,700 -
Common - -
Shares with no voting rights (B)
Preferred - -

Classification Share type Number of shares Note
Shares with no voting rights according Common - -

to Articles of Incorporation (C)
Preferred 822,886,700 -
508,157,148 shares held by Samsung Life Insurance &
88,802,052 shares held by Samsung Fire & Marine
Common 603,324,1001) Insurance
Shares with limited voting rights
4,484,150 shares held by Samsung Welfare Foundation
under relevant laws (D)
1,880,750 shares held by Samsung Foundation of Culture
Restricted by the Insurance Business Act: Shares held by
Common 486,948
Samsung Life Insurance in certain special accounts
Common 5,365,971,502 -
Shares with voting rights
(F = A - B - C - D)
Preferred - -
1) Pursuant to Korea’s Monopoly Regulation and Fair Trade Act, owners can exercise certain rights on some shares in accordance with related laws,
including the right to vote on agendas such as the appointment or dismissal of directors and revisions to the Articles of Incorporation.
E. Stock affairs
Preemptive rights in the Articles of Incorporation
1. New shares to be issued by the Company shall be allocated to the shareholders in proportion to their respective shareholdings in accordance
with Paragraph 6, Article 8. If shares are not subscribed for as a result of waiver or loss of the preemptive right of the shareholders to subscribe
for new shares, or if fractional shares remain at the time of allocation of new shares, such shares may be disposed of by a resolution of the
Board of Directors in accordance with applicable laws and regulations.
2. Notwithstanding the above Paragraph 1, new shares may be allocated to persons other than shareholders in the following cases:
a. If the Company issues new shares or causes underwriters to underwrite new shares by a resolution of the Board of Directors in accordance with
applicable laws and regulations including the Financial Investment Services and Capital Markets Act;
b. If the Company allocates new shares preferentially to members of the Employee Stock Ownership Association by a resolution of the Board of
Directors in accordance with applicable laws and regulations including the Financial Investment Services and Capital Markets Act;
c. If the Company issues new shares for the issuance of depositary receipts (DR) by a resolution of the Board of Directors in accordance with the
applicable laws and regulations including the Financial Investment Services and Capital Markets Act;
d. If the Company issues new shares by public offering in accordance with Article 11-3;
e. If new shares are issued by the exercise of stock options in accordance with Article 11-4;
f. If the Company issues new shares to the extent of 20% of the total issued and outstanding shares to domestic or foreign financial institutions for
the purpose of obtaining financing urgently or to the relevant partner company for the purpose of inducing technology therefrom, etc., by a
resolution of the Board of Directors; provided that the issue price of the new shares shall not be less than the price prescribed by the Financial
Investment Services and Capital Markets Act and other applicable laws and regulations.
☞ (Note) Paragraph 6, Article 8
In the case of rights issue, bonus issue or stock dividend, the holders of common shares shall be entitled to common shares, and the holders of
preferred shares shall be entitled to preferred shares, in proportion to their respective shareholdings; provided that in the case of rights issue and
stock dividend the Company may, if necessary, issue only one kind of shares, where all the shareholders shall be entitled to such kind of shares to
be issued.
☞ (Note) Article 11-3 (Public Offering)
Preemptive rights in the Articles of Incorporation
1. The Company may issue new shares by public offering to the extent that the new shares do not exceed 20% of the total number of issued and
outstanding shares by a resolution of the Board of Directors, pursuant to Article 165-6, Paragraph 1, Item 3 of the Financial Investment Services
and Capital Markets Act.
2. If the Company issues new shares by public offering, the type, quantity and issue price of the shares to be newly issued shall be determined by
a resolution of the Board of Directors; provided that the issue price of such new shares shall not be less than the price prescribed by the Financial
Investment Services and Capital Markets Act and other applicable laws and regulations.
☞ (Note) Article 11-4 (Stock Options)
1. The Company may grant stock options to its officers and employees (including officers and employees of the related companies as set forth in
Article 542-3, Paragraph 1 of the Commercial Code; the same shall apply for the purpose of this Article) by a special resolution of the general
meeting of shareholders pursuant to Article 542-3 of the Commercial Code, to the extent permitted by the Commercial Code; provided, however,
that the Company may grant the stock options to its officers and employees (except for the directors of the Company) by a resolution of the
Board of Directors to the extent determined by the relevant laws and regulations.
2. The person to whom stock options may be granted are the officers and employees who have contributed or have the capacity to contribute to
the establishment, management, overseas business, technical innovation, etc. of the Company; provided, however, that the officers and
employees who may not be entitled to stock options under the relevant laws and regulations shall be excluded.
3. The shares to be issued to the officers or employees by the exercise of their stock options (in case the Company pays, either in cash or treasury
shares, the difference between the exercise price of stock options and the market price, they refer to the shares which are the basis for such
calculation) shall be common shares in registered form or preferred shares in registered form.
4. Total number of shares to be delivered in accordance with the exercise of stock options shall be up to the extent permitted by the relevant laws
and regulations.
5. The stock options may be exercised until an expiry date determined by a resolution of the general meeting of shareholders or the Board of
Directors and such expiry date shall be determined within a period not exceeding eight (8) years from the date when two (2) years have elapsed
from the date of the general meeting of shareholders or the date of the Board of Directors’ meeting at which a resolution to grant such stock
options is adopted; provided, however, that the person to whom a stock option is granted should serve the Company for at least two (2) years
after the date of such resolution in order to exercise such stock option, unless otherwise set forth by relevant laws and regulations.
6. The terms and conditions for stock options, such as the contents and exercise price thereof shall be determined by a special resolution of the
general meeting of shareholders or by a resolution of the Board of Directors in accordance with the relevant laws and regulations and the Articles
of Incorporation; provided, however, that such matters which are not provided for as matters reserved for resolutions of the general meeting of
shareholders or the Board of Directors’ meeting under the relevant laws and regulations or the Articles of Incorporation may be determined by
the Board of Directors or a committee authorized by the Board of Directors.
7. The Company may cancel the grant of stock options by a resolution of the Board of Directors in any of the following cases:
a. In case the relevant officer or employee voluntarily retires from his/her office or leaves the Company after the grant of stock options;
b. In case the relevant officer or employee causes substantial damages to the Company due to his/her willful misconduct or negligence;
c. In case any of the causes for cancellation set forth in the stock option agreement occurs.
Annual General
Settlement date Dec 31 Meetings of Within 3 months after the end of every business year
Shareholders
Record date (closing period) Last day of fiscal year (One month from Jan 1)
Transfer agent Korea Securities Depository (T: +82-51-519-1500): 40 Munhyeongeumyung-ro, Nam-gu, Busan, Korea
Shareholder benefit n/a Published on Joongang Daily
With Act on Electronic Registration of Stocks, Bonds, etc. (“Electronic Securities Act”) taking effect Sep 16, 2019, rights specified on stocks and
subscription warrants are subject to mandatory electronic registration, therefore, “Stock types” are no longer applicable.
Related information is published on Joongang Daily in pursuant to our Articles of Incorporation, as well as on our website
(https://www.samsung.com/sec/ir).
F. Results of shareholder meetings

Date Agenda Results
1. Approval of FY22 financial statements, including balance sheet, income statement, and the Approved
statement of appropriation of retained earnings, etc.
AGM (Mar 15, 2023) 2. Appointment of Executive Directors as Jong-hee Han Approved
3. Approval of remuneration limit for Directors Approved
1. Appointment of Independent Directors
EGM (Nov 3, 2022) 1-1: Appointment of Eun-nyeong Heo as an Independent Director Approved
1-2: Appointment of Myung-hee Yoo as an Independent Director Approved
1. Approval of FY21 financial statements, including balance sheet, income statement, and the
Approved
statement of appropriation of retained earnings, etc.
2. Appointment of Directors
2-1: Appointment of Independent Directors
Approved
2-1-1: Appointment of Han-jo Kim as Independent Director
Approved
2-1-2: Appointment of Wha-jin Han as Independent Director
Approved
2-1-3: Appointment of Jun-sung Kim as Independent Director
2-2: Appointment of Executive Directors
AGM (Mar 16, 2022) Approved
2-2-1: Appointment of Kye-hyun Kyung as Executive Director
Approved
2-2-2: Appointment of Tae-moon Roh as Executive Director
Approved
2-2-3: Appointment of Hark-kyu Park as Executive Director
Approved
2-2-4: Appointment of Jung-bae Lee as Executive Director
2-3: Appointment of Audit Committee Member
Approved
2-3-1: Appointment of Han-jo Kim as Audit Committee Member
Approved
2-3-2: Appointment of Jeong Kim as Audit Committee Member
Approved
3. Approval of remuneration limit for Directors
1. Approval of Balance Sheet, Income Statement, and Statement of Appropriation of Retained Approved
Earnings, etc. for 2020
2. Appointment of Directors
2.1: Appointment of Independent Directors
2.1.1: Appointment of Byung-gook Park as Independent Director Approved
2.1.2: Appointment of Jeong Kim as Independent Director Approved
AGM (Mar 17, 2021)
2.2: Appointment of Executive Directors
2.2.1: Appointment of Ki-nam Kim as Executive Director Approved
2.2.2: Appointment of Hyun-suk Kim as Executive Director Approved
2.2.3: Appointment of Dong-jin Koh as Executive Director Approved
3. Appointment of Sun-uk Kim as Independent Director for Audit Committee Member Approved
4. Approval of remuneration limit for Directors Approved

VII. Information on Shareholders
1. Ownership of shares by the major shareholder(s) and related parties
Ownership
Type of
Name Relationship1) Period start Period end Notes
share
Shares Stake (%) Shares Stake (%)
Common 508,157,148 8.51 508,157,148 8.51 -
Samsung Life Major
Insurance shareholder
Preferred 43,950 0.01 43,950 0.01 -
Samsung Life Common 10,246,942 0.17 8,097,938 0.14 Open market transactions
Insurance Major
(special shareholder
accounts) Preferred 403,278 0.05 417,085 0.06 Open market transactions
Samsung C&T Affiliate Common 298,818,100 5.01 298,818,100 5.01 -
Samsung Fire
& Marine Affiliate Common 88,802,052 1.49 88,802,052 1.49 -
Insurance
Samsung
Welfare Funded foundation Common 4,484,150 0.08 4,484,150 0.08 -
Foundation
Samsung
Foundation Of Funded foundation Common 1,880,750 0.03 1,880,750 0.03 -
Culture
Common 117,302,806 1.96 117,302,806 1.96 -

Related party of the
Ra-hee Hong
major shareholder -
Preferred 206,633 0.03 206,633 0.03
Common 97,414,196 1.63 97,414,196 1.63 -

Jae-yong Lee
major shareholder -
Preferred 137,757 0.02 137,757 0.02
Common 55,394,044 0.93 55,394,044 0.93 -

Executive member
Boo-jin Lee
of affiliate -
Preferred 137,755 0.02 137,755 0.02
Common 55,394,044 0.93 55,394,044 0.93 -

Seo-hyun Lee
major shareholder -
Preferred 137,755 0.02 137,755 0.02
Executive member
Jong-hee Han Common 15,000 0.00 15,000 0.00 -
of affiliate
Kye-hyun Executive member
Common 18,050 0.00 21,050 0.00 Open market transactions
Kyung of affiliate
Executive member
Tae-moon Roh Common 13,000 0.00 13,000 0.00 -
of affiliate
Executive member
Hark-kyu Park Common 22,500 0.00 22,500 0.00 -
of affiliate
Ownership
Type of
Name Relationship1) Period start Period end Notes
share
Shares Stake (%) Shares Stake (%)
Executive member
Jung-bae Lee Common 15,000 0.00 15,000 0.00 -
of affiliate
Executive member
Han-jo Kim Common 3,655 0.00 3,655 0.00 -
of affiliate
Common 1,237,981,437 20.74 1,235,835,433 20.70 -

Total
Preferred 1,067,128 0.13 1,080,935 0.13 -
1) In accordance with Article 3 Paragraph 1 of Enforcement Decree of the Act on Corporate Governance of Financial Companies.
Common shares carry full voting rights while preferred shares do not. (Owners of certain common shares have limited voting rights in accordance with
relevant laws.)
For changes after December 31, 2023, please refer to ‘Ownership status of securities, etc. of executives and major shareholder’ published in Korean in
DART (https://dart.fss.or.kr).
Trust agreement for disposal of securities, dated as of October 31, 2023, was made for disposal of a portion of shares owned by related parties (Ra-hee
Hong, Boo-jin Lee, and Seo-hyun Lee) of the major shareholder, and trusted securities were all disposed of as of January 11, 2024. Please refer to the
disclosures released on November 3, 2023 and January 15, 2024 (Report on significant holdings of stocks, etc. (General)) published in DART
(http://dart.fss.or.kr) for more details.
2. Matters related to the major shareholder

A. Overview of the major shareholder (corporation or organization)
(1) Basic information of the major shareholder (Samsung Life Insurance Co., Ltd.)
1) Legal, commercial name: Samsung Life Insurance Co., Ltd.
2) Date of establishment: April 24, 1957
3) Address, phone number, and English language website of the corporate headquarters
- Address: 11, Seocho-daero 74-gil, Seocho-gu, Seoul, Republic of Korea
- Phone: +82-2-1588-3114
- Website: https://www.samsunglife.com
4) CEO and major shareholder of the major shareholder (Samsung Life Insurance)
CEO Major shareholder

Name Number of investors
Name Share ratio (%) Name Share ratio (%)
Samsung Life Insurance Co., Ltd 88,408 Young-muk Jeon 0.00 Samsung C&T 19.34
As of December 31, 2023, based on common shares.

5) Changes to the CEO and major shareholder of the major shareholder (Samsung Life Insurance)
Date of change
Mar 16, 2021 Young-muk Jeon 0.00 - -
Apr 29, 2021 - - Kun-hee Lee -
Apr 29, 2021 - - Samsung C&T 19.34
Apr 29, 2021: The major shareholder changed to Samsung C&T as the shares of the previous major shareholder (who passed away on October 25,
2020) were inherited.
(2) Financial status of the recent settlement term of the major shareholder (Samsung Life Insurance)
(KRW mil)
Classification
Name of the corporation or organization Samsung Life Insurance Co., Ltd
Total assets 314,655,050
Total liabilities 270,317,609
Total equity 44,337,441
Revenue 30,937,013
Operating profit 2,398,377
Net profit 2,033,709

The financial status is as of December 31, 2023, based on the consolidated K-IFRS financial statements.
(3) Business conditions of the major shareholder (Samsung Life Insurance)

Samsung Life Insurance is a company in which life insurance and its related reinsurance contract are the key purpose of
business operations, and it operates businesses in accordance with the Insurance Business Act and other related laws.
Its key subsidiary, Samsung Card, is a specialized credit finance business company that operates specialized credit finance
businesses (including credit card business, facility leasing business, and installment financing business) in accordance with
the Specialized Credit Finance Business Act and other related laws.
☞ Please refer to the business report (interim and half-year) of Samsung Life Insurance published in DART
(https://dart.fss.or.kr) for more details of the major shareholder.
B. Certain transaction that may cause changes in the major shareholder

N/A
C. Overview of the major shareholder of the major shareholder

(1) Basic information of the major shareholder (Samsung C&T) of the major shareholder (Samsung Life Insurance)
1) Legal, commercial name: Samsung C&T Corporation
2) Date of establishment and period of existence: Dongwha Real Estate was first established on December 23, 1963, and
the company name was changed to Cheil Industries in July 2014. It merged with Samsung C&T Corporation (founded as
Samsung Sanghoe on March 1, 1938, and established as Samsung C&T in January 1951) and changed the company name
to Samsung C&T Corporation on September 2, 2015 (merger registration date).
3) Address, phone number, and English language website of the corporate headquarters
- Address: 26, Sangil-ro 6-gil, Gangdong-gu, Seoul, Republic of Korea
- Phone: +82-2-2145-5114
- Website: https://www.samsungcnt.com
4) CEO and major shareholder of the major shareholder (Samsung C&T) of the major shareholder
Number of CEO Major shareholder

Name
investors Name Share ratio (%) Name Share ratio (%)
Jung-suk Koh 0.00
Samsung C&T 146,861 Se-chul Oh 0.00 Jae-yong Lee 18.26
Hai-lin Jeong 0.00

As of December 31, 2023, based on common shares
5) Changes to the CEO and major shareholder of the major shareholder (Samsung C&T) of the major shareholder(Samsung
Life Insurance)
Date of change
Mar 19, 2021 Jung-suk Koh 0.00 - -
Mar 19, 2021 Se-chul Oh 0.00 - -
Apr 29, 2021 - - Jae-yong Lee 18.13
Mar 17, 2023 Seung-hwan Han - - -
Mar 17, 2023 Hai-lin Jeong 0.00 - -
Apr 21, 2023 - - Jae-yong Lee 18.26
Mar 19, 2021: Young-ho Lee and Keum-yong Chung resigned from their positions as CEO, Executive Directors Se-chul Oh and Seung-hwan Han
were appointed as CEOs, and Jung-suk Koh was reappointed as CEO.
Apr 29, 2021: The share ratio (common share) of the major shareholder was changed (17.48%→18.26%) as the shares were inherited (by Jae-yong
Lee and three others).
Mar 17, 2023: Seung-hwan Han resigned from his position as CEO, and Executive Director Hai-lin Jeong was appointed as CEO.
Apr 21, 2023: The share ratio of the major shareholder was changed (18.13%→18.26%) due to the cancellation of treasury shares (1,295,411 common
shares).

(2) Financial status of the recent settlement term of the major shareholder (Samsung C&T) of the major shareholder
(Samsung Life Insurance)
(KRW mil)
Classification
Name of the corporation or organization Samsung C&T
Total assets 66,127,029
Total liabilities 26,229,919
Total equity 39,897,109
Revenue 41,895,681
Operating profit 2,870,174
Net profit 2,719,106

The financial status is as of December 31, 2023, based on the consolidated K-IFRS financial statements.
(3) Business conditions of the major shareholder (Samsung C&T) of the major shareholder (Samsung Life Insurance)
Samsung C&T is consisted of Engineering & Construction, Trading & Investment, Fashion, and Resort Groups as well as
biomedicine OEM and biosimilar businesses. The Engineering & Construction Group operates businesses in building, civil
infrastructure, plant, and housing areas domestically and globally; Trading & Investment trades internationally in various
fields, including resource development, steel, chemical, industrial materials, and textiles. The Fashion Group imports and
sells clothing. The Resort Group manages landscaping business, Everland (dry park), Caribbean Bay (water park), golf
course, food supply services, and food distribution business (Samsung Welstory).
☞ Please refer to the business report (interim and half-year) of Samsung C&T published in DART (https://dart.fss.or.kr)
for more details of the major shareholder of the major shareholder.
3. Change of the major shareholder

Name of major Number of shares Share
Date of change Reason for change Note
Shareholder owned ratio (%)
Samsung Life Shares of the previous major shareholder
Apr 29, 2021 1,263,050,053 21.16 -
Insurance were inherited by beneficiaries
Number of shares owned and share ratio are the sum of those of the major shareholder and its related parties, and the number of shares is based on
shares with voting rights (including those with limited voting rights in accordance with relevant laws).

4. Ownership of shares
A. Share ownership status
Classification Name Number of shares owned Share ratio (%) Note
Samsung Life
516,255,086 8.65 Including special accounts
Insurance
Shareholders National Pension 434,549,036 7.28 -
with over 5% Service
voting shares BlackRock Fund
1)
300,391,061 5.03 Based on January 28, 2019
Advisors
Samsung C&T 298,818,100 5.01 -
Employee Stock Ownership Association - - -

Including shares with limited voting rights in accordance with relevant laws. For more information, please refer to『VⅠ. Corporate Governance-3.
General meeting of shareholders-D. Voting shares』
Number of shares owned and share ratio of BlackRock Fund Advisors is based on the “Report on Mass Holding of Securities” disclosed on DART
(http://dart.fss.or.kr) on February 7, 2019.
B. Minority shareholders
Shareholder Shares owned1)

Classification Note
Number of Total Total number
Portion (%) Number of shares Portion (%)
shareholders shareholders of shares
Minority
4,672,039 4,672,130 99.99 4,017,892,514 5,969,782,550 67.30 -
shareholder
Number of voting shares, including those with limited voting rights in accordance with relevant laws.
Shareholders with shares less than 1/100 of total issued stocks

5. Stock price and stock transactions
A. Domestic stock market
Type Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023
High 73,400 71,100 72,200 70,500 72,800 78,500
Stock price
Low 69,500 66,300 68,400 66,000 68,600 71,200
(KRW)
Average 71,348 67,686 70,168 67,911 71,409 73,811

Common
stock
High (day) 30,016,221 20,087,090 29,738,235 25,209,349 22,228,489 27,567,593
Volume
Low (day) 9,732,730 5,824,628 9,897,840 9,724,086 6,676,685 8,123,087
(shares)
Month 303,283,444 258,464,791 283,534,308 290,080,133 273,455,511 254,875,780
High 60,300 58,100 58,100 55,700 58,000 62,300
Stock price
Low 57,400 54,000 54,200 53,000 55,600 57,300
(KRW)
Average 59,086 55,586 56,589 54,358 57,177 59,311

Preferred
stock
High (day) 2,275,284 2,440,052 2,803,240 2,331,421 2,131,331 2,241,939
Volume
Low (day) 564,879 546,924 552,257 593,828 439,370 857,002
(shares)
Month 21,483,981 22,531,530 23,087,718 21,141,990 22,430,034 24,240,536

Stock price is based on the closing exchange rate of the applicable trading day.

B. Overseas stock market
□ Name of stock exchange: London Stock Exchange (common stock)
USD 1,442.00 1,363.00 1,347.00 1,292.00 1,403.00 1,506.00

High
KRW 1,840,280 1,736,189 1,788,547 1,746,655 1,815,482 1,949,366
Price USD 1,339.00 1,228.00 1,253.00 1,223.00 1,277.00 1,349.00

Low
per GDR KRW 1,750,475 1,647,485 1,685,034 1,650,36 1,723,439 1,756,128
Common
USD 1,389.81 1,275.82 1,350.05 1,253.27 1,365.95 1,408.63
stock Average
KRW 1,787,761 1,682,882 1,737,401 1,692,120 1,791,140 1,835,183
High (day) 15,097 15,039 12,554 10,088 17,847 17,444
Volume
Low (day) 3,259 3,197 3,759 3,905 2,779 4,984
(shares)
Month 171,510 181,494 152,689 168,362 222,854 200,660
Stock price in KRW is based on the closing exchange rate of the applicable trading day.
High and low price in KRW are based on the KRW/USD closing exchange rate of the applicable trading day; average price in KRW is based on
monthly average KRW/USD exchange rate.
Conversion ratio between GDRs and original shares is 1:25.
□ Name of stock exchange: Luxembourg Stock Exchange (preferred stock)
USD 1,184.00 1,122.00 1,088.00 1,022.00 1,116.00 1,190.00

High
KRW 1,499,062 1,429,20 1,435,290 1,377,963 1,444,550 1,540,336
USD 1,106.00 1,010.00 994.00 974.00 1,030.00 1,084.00

Price
Low
per GDR KRW 1,445,874 1,355,016 1,336,731 1,309,835 1,390,088 1,421,883
Preferred
stock USD 1,147.24 1,051.36 1,053.29 1,001.23 1,093.55 1,129.05
Average
KRW 1,475,733 1,386,813 1,402,232 1,351,818 1,433,937 1,470,944
High (day) 1,158 2,390 5,625 1,717 1,835 1,358

Volume
(shares) Low (day) 245 215 122 220 265 94
Month 12,354 16,767 21,445 17,834 19,117 15,661
Stock price in KRW is based on the closing exchange rate of the applicable trading day.
High and low price in KRW are based on the KRW/USD closing exchange rate of the applicable trading day; average price in KRW is based on
monthly average KRW/USD exchange rate.
Conversion ratio between GDRs and original shares is 1:25.

VIII. Executives and Employees
1. Executives and employees
A. Registered Executives
[As of December 31, 2023] (Shares)
Number of shares Relationship
Date Full/ Length of
Registered owned1) with the Term
Name Gender of Position part- Responsibility Major career service
Executive major expiration
birth time Common Preferred shareholder2) (months)
- Bachelor’s degree in
Executive
Jong-hee Mar Vice Executive - CEO (head of the Electronic Engineering Mar 17,
M Full 15,000 - Member of an 46
Han 1962 Chairman Director DX Division) from Inha University 2026
affiliate
- Head of DX Division
- Doctor’s degree in
Control and
Measurement Executive
Kye-hyun Mar Executive - CEO (head of the Mar 15,
M President Full Engineering from 21,050 - Member of an 22
Kyung 1963 Director DS Division) 2025
Seoul National affiliate
University
- Head of DS Division
Electrical Engineering
Executive
Tae-moon Sep Executive - Head of MX from Pohang University Mar 15,
M President Full 13,000 - Member of an 22
Roh 1968 Director Business of Science and 2025
affiliate
Technology
- Head of MX Business
- Master’s degree in
Business and
Technology
Management from Executive
Hark-kyu Nov Executive Mar 15,
M President Full - CFO Korea Advanced 22,500 - Member of an 22
Park 1964 Director 2025
Institute of Science affiliate
and Technology
- Head of Corporate
Management Office
Electronic Engineering
Executive
Jung-bae Feb Executive - Head of Memory from Seoul National Mar 15,
M President Full 15,000 - Member of an 22
Lee 1967 Director Business University 2025
affiliate
- Head of Memory
Business
- Board Chair
- Head of Audit
Committee
- Related Party
French language and
Transactions Executive
Han-jo Jul Independent Literature from Yonsei Mar 19,
M Director Part Committee 3,655 - Member of an 58
Kim 1956 Director University 2025
- Compensation affiliate
- Chairman of Hana
Committee
Foundation
- Head of
Sustainability
Committee
- Audit Committee
- Head of the
Administrative Law
Related Party
from Executive
Sun-uk Dec Independent Transactions Mar 22,
F Director Part University of Konstanz - - Member of an 70
Kim 1952 Director Committee 2024
- Professor Emeritus at affiliate
- Independent
Ewha Womans
Director
University
Recommendation
Committee
- Sustainability
Committee
- Audit Committee
- Related Party
Transactions
Reliability Engineering
Committee Executive
Jeong Aug Independent from the University of Mar 22,
M Director Part - Head of - - Member of an 70
Kim 1960 Director Maryland 2024
Compensation affiliate
- President of Kiswe
Committee
Mobile
- Sustainability
Committee
Economics & Business
Administration from
Carnegie Mellon
- Compensation
University Executive
Jun-sung Oct Independent Committee Mar 15,
M Director Part - Managing Director of - - Member of an 22
Kim 1967 Director - Sustainability 2025
Government affiliate
Committee
of Singapore
Investment Corporation
(GIC) Total Return
Group
- Independent
Mineral Economics
Director
Eun- from The Pennsylvania Executive
Aug Independent Recommendation Nov 2,
nyeong M Director Part State University - - Member of an 14
1964 Director Committee 2025
Heo - Professor of College of affiliate
- Sustainability
Engineering at Seoul
Committee
National University
- Doctor's degree in
- Independent Administrative Law
from Vanderbilt
Director
Myung- Executive
Jun Independent Recommendation University Nov 2,
hee F Director Part - Visiting Professor of - - Member of an 14
1967 Director Committee 2025
Yoo Graduate School of affiliate
- Sustainability
International Studies at
Committee
Seoul National
University
1) As of the reporting date; for changes after the reporting date, please refer to ‘Ownership status of securities, etc. of executives and major shareholder’
published in Korean in DART (https://dart.fss.or.kr).
2) In accordance with Article 3 Paragraph 1 of the Enforcement Decree of the Act on Corporate Governance of Financial Companies.

B. Registered executive director candidates (or to be retired)
[As of Dec 31, 2023]
Executive or Career highlights Due Date of Relationship with the
Name Gender Date of birth Independent appointment or major shareholder1)
Director retirement
- 1st Vice Minister, Ministry of Strategy and Finance
(2011–2013)
- Chairman, Financial Services Commission (2013–2015)
- President, Financial Action Task Force on Money
Je-Yoon Independent
Appointment M Mar 1958 Laundering (2015–2016) Mar 29, 2024 -
Shin Director
- Ambassador for International Financial Cooperation,
Ministry of Foreign Affairs (2017–2018)
- President, Financial Education Council (2017–2023)
- Senior Advisor*, Bae, Kim & Lee LLC (2017–present)
- Professor, Applied AI at Hansung University (1996–
present)
- Director, The Korea Institute for Robot Industry
Advancement (Board Chair) (2012–2015)
Hye-Kyung Audit Committee
Appointment F Jul 1964 - Vice President, Institute of Control, Robotics and Mar 20, 2024 -
Cho Member
Systems (2020–2021)
- President, Korea Robotics Society (2022–2022)
- Full member, National Academy of Engineering of
Korea (2023–present)
- J.D., Vanderbilt University Law School (2002)
Myung- Audit Committee Executive member of
Appointment F Jun 1967 - Visiting Professor, Graduate School of International Mar 20, 2024
Hee Yoo Member affiliate
Studies, Seoul National University (2022–present)
This is an agenda item for the 55th AGM, which is held after the disclosure of the report, and if it is rejected or adjusted at the AGM, the details will
be published in future reports.
1) In accordance with Article 3 Paragraph 1 of the Enforcement Decree of the Act on Corporate Governance of Financial Companies.
C. Registered Executives with concurrent positions

Concurrent office holder Company
Name Position Name of company Position Period
Jeong Kim Independent Director Kiswe Mobile Chairman 2013–present

HD Hyundai Construction
Myung-hee Yoo Independent Director Independent Director 2022–present
Equipment
D. Employees
[As of December 31, 2023] (KRW mil)
Number of employees1) Average Non-affiliated3)
Average
length Total
compensation
Division Gender Contract- of compensation
Regular Others Total per employee2) Male Female Total
based service (KRW mil) (KRW mil)
(years)
M 37,962 324 - 38,286 16.5
DX
F 12,422 97 - 12,299 13.3 - -
M 53,372 148 - 53,520 10.8 - - 30,499 13,403 43,902
DS
F 20,851 28 - 20,699 11.1 - -
Gender M 91,334 472 - 91,806 13.2 11,530,492 128

Number of employees1) Average Non-affiliated3)
Average
length Total
compensation
Division Gender Contract- of compensation
Regular Others Total per employee2) Male Female Total
based service (KRW mil) (KRW mil)
(years)
total F 33,273 125 - 32,998 11.9 2,947,780 97
Total 124,607 597 - 124,804 12.8 14,478,272 120
Separate basis; represents employees of domestic headquarters in Korea, including employees on leave and excluding 11 registered executives (5
Executive Directors and 6 Independent Directors).
Total compensation for 2023 and average compensation per employee were calculated before income tax and other deductions based on the earned
income payment record submitted to the district tax office in accordance with Article 20 of the Income Tax Act.
Calculated based on average number of employees: 120,509 employees (male: 90,109, female: 30,400).
E. Remuneration of non-registered Executives

[As of December 31, 2023] (KRW mil)
Average compensation per
Classification Number of employees1) Total compensation Note
employee
Non-registered
1,015 705,410 726 -
Executives
In office as of the reporting date, and non-registered executives whose earned income was not domestic were excluded.
Total compensation for 2023 and average compensation per employee is calculated based on the earned income payment record (before earned income
tax credit) submitted to the district tax office in accordance with Article 20 of the Income Tax Act.
Total compensation for 2023 includes incentives, and timing of the incentives being paid differ every year.
Average compensation per employee is calculated based on the average of the 970 employees.
2. Remuneration for Directors

A. Summary on total remuneration
<Remuneration of directors and auditors>
(1) Remuneration approved at the annual general meetings of shareholders

(KRW mil)
Amount approved at
Number of persons1) Note
shareholders’ meeting2)
Registered Directors 5 - -
Independent Directors 3 - -
Audit Committee members or Auditor 3 - -
Total 11 48,000 -
1) As of the day of AGM, as approved on the occasion
2) Remuneration limit for directors (including those retired) approved at the AGM on March 15, 2023, as per Article 388 of the Commercial Act and
our Articles of Incorporation.
(2) Remuneration Paid
[Remuneration paid for directors and auditors]

(KRW mil)

Number Total amount of Average remuneration per
Note
of persons1) remuneration2) Director
11 23,227 2,112 -
There are no recognized expenses (compensation expenses) in this term from granting stock options.
Based on the Income Tax Act that incumbent registered directors, independent directors, and members of audit committee in the fiscal year received
in accordance with Article 159 of the Financial Investment Services and Capital Markets Act and Article 168 of the Enforcement Decree of the same
Act. 1) Based on the number of persons as of the reporting date.
2) Earned income as per Income Tax Act (Article 20: Wage and Salary Income, Article 21: Other Income, Article 22: Retirement income).
[Remuneration paid, by Director type]

(KRW mil)
Number Total amount of Average remuneration

of persons1) remuneration2) per Director
Registered Directors
(excluding Independent Directors and Audit Committee 5 22,009 4,402
members)
Independent Directors
3 620 207
(excluding Audit Committee members)
Audit Committee members 3 598 199
Auditor - - -
There are no recognized expenses (compensation expenses) in this term from granting stock options.
Based on the Income Tax Act that incumbent registered directors, independent directors, and members of audit committee in the fiscal year received
in accordance with Article 159 of the Financial Investment Services and Capital Markets Act and Article 168 of the Enforcement Decree of the same
Act.
1) Based on the number of persons as of the reporting date.
2) Earned income as per Income Tax Act (Article 20: Wage and Salary Income, Article 21: Other Income, Article 22: Retirement income)
(3) Criteria and methodology
Remuneration of directors is paid in accordance with internal regulations for Executive treatment and Independent Director
treatment within the remuneration limit approved at the AGM.
Type Criteria and methodology

• Salary: In accordance with internal regulations for executive treatment (Board resolution), remuneration is
determined based on position, responsibilities, and performance results.
• Traditional-holiday bonuses: 100% of monthly wage for each
• Target achievement incentive: Paid on biannual basis within the range of 0–200% of monthly wage, and CEO
Registered Directors decides the amount according to the level of target achieved. (Adjusted according to division performance.)
(excluding Independent • Performance incentive: Paid once a year within 0–50% of salary based on the compensation resources
Directors and Audit calculated according to financial factors such as profit after tax (± assessed considerations) and cost of capital
Committee members) for the fiscal year by business unit. (Adjusted according to individual performance.)
• Long-term incentive: Calculated within the director remuneration limit, based on the average salary of 3 years,
using ROE, stock performance, and EBIT margin as criteria. Paid over the course of 3 years.
• Fringe benefits: Medical services, checkups, group accident insurance are provided in line with the internal
regulations for executive treatment (Board resolution)

Type Criteria and methodology
• Salary: In accordance with internal regulations for independent director treatment, remuneration is determined
Independent Directors
based on responsibilities, etc.
(excluding Audit Committee
members)
regulations for independent director treatment
• Salary: In accordance with internal regulations for independent director treatment, remuneration is determined
based on responsibilities, etc.
Audit Committee members
regulations for independent director treatment
<Remuneration for individual Directors and Auditors who are paid KRW 500 million or more >
(1) Summary on Remuneration by Executive
(KRW mil)
Total amount of Remuneration not included
Name Position
remuneration in total amount
Jong-hee Han CEO 6,904 -
Kye-hyun Kyung CEO 2,403 -
Tae-moon Roh Executive Director 6,193 -
Hark-kyu Park Executive Director 3,792 -
Jung-bae Lee Executive Director 2,717 -
Based on the Income Tax Act that incumbent or retired registered directors, independent directors, and members of audit committee in the fiscal year
received in accordance with Article 159 of the Financial Investment Services and Capital Markets Act and Article 168 of the Enforcement Decree of
the same Act.
Earned income as per Income Tax Act (Article 20: Wage and Salary Income, Article 21: Other Income, Article 22: Retirement income). Includes
remuneration that directors who were newly appointed or resigned during the fiscal year received as non-registered executives.

(KRW mil)
Type of
Name Total amount Criteria and methodology
remuneration
In accordance with internal regulations for executive treatment (Board resolution),
remuneration is determined based on position (vice chairman), responsibilities, and
Salary 1,467
performance results. He was paid KRW 101 million per month from January to February,
KRW 181 million in March, and KRW 121 million per month from April to December.
- Traditional-holiday bonus: 100% of monthly wage
- Target achievement incentive: Paid on biannual basis within the range of 0–200% of
monthly wage, and CEO decides the amount according to the level of target
achieved. (Adjusted according to division performance; applied retroactively)
Jong-hee Earned
- Performance incentive: Paid once a year within 0–50% of salary based on the
Han (CEO) Income
compensation resources calculated according to financial factors such as profit after
Bonus 5,306 tax (± assessed considerations)and cost of capital for the fiscal year by business
unit. (Adjusted according to individual performance.)
- Long-term incentive: Calculated within the director remuneration limit, based on the
average salary of 3 years, using ROE, stock performance, and EBIT margin as
criteria. Paid over the course of 3 years.
- Quantitative indicators suggest that the Company recorded a ROE of 13.2%, EBIT
margin of 16.6%, and stock performance of -0.9% over 2020–2022; and that the DX
Type of
remuneration
Division achieved revenue of KRW 170 trillion and operating profit of KRW 14.4
trillion in 2023. Qualitative indicators include his contributions to leading the
improvement of product competitiveness of the DX Division by enhancing the B2B
businesses and expanding synergies between products. The bonus amount was
determined based on the indicators listed above.
Profit from
exercising
- n/a
stock
option
- Fringe benefits: Medical services, checkups, and group accident insurance are
Other
130 provided in line with the internal regulations for executive treatment (Board
Income
resolution)
Retirement Income - n/a
Other Income - n/a
(KRW mil)
Type of
remuneration
remuneration is determined based on position (president), responsibilities, and
Salary 1,205
- Traditional-holiday: 100% of monthly wage
tax (± assessed considerations)and cost of capital for the fiscal year by business
Bonus 1,109 average salary of 3 years, using ROE, stock performance, and EBIT margin as
Kye-hyun Earned criteria. Paid over the course of 3 years.
Kyung Income - Quantitative indicators suggest that the Company recorded a ROE of 13.2%, EBIT
(CEO) margin of 16.6%, and stock performance of -0.9% over 2020–2022;and that the DS
Division achieved revenue of KRW 66.6 trillion and operating loss of KRW 14.9
trillion in 2023. Qualitative indicators include his contributions to boosting future
competitiveness of the semiconductor businesses, including through discovery of
new businesses linking memory–logic–pkg and capability enhancement in
responding to overseas customers. The bonus amount was determined based on
the indicators listed above.
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
Other Income - n/a
(KRW mil)
Type of
remuneration
remuneration is determined based on his position (president), responsibilities, and
Salary 1,254
Bonus 4,824
Earned
Tae-moon Income
Roh margin of 16.6%, and stock performance of -0.9% over 2020–2022; and that the MX
(Director) Business achieved revenue of KRW 108.6 trillion in 2023. Qualitative indicators
include his contributions to driving solid earnings through technology innovations in
mobile and effective marketing, and by laying groundwork for growth via preemptive
response to the future market. The bonus amount was determined based on the
indicators listed above.
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
Other Income - n/a
(KRW mil)
Type of
remuneration
Salary 1,025
Hark-kyu KRW 118 million in March and KRW 85 million per month from April to December.
Earned
Park - Traditional-holiday bonus: 100% of monthly wage
Income
(Director) - Target achievement incentive: Paid on biannual basis within the range of 0–200% of
Bonus 2,662 monthly wage, and CEO decides the amount according to the level of target

Type of
remuneration
margin of 16.6%, and stock performance of -0.9% over 2020–2022; and that the DX
trillion in 2023. Qualitative indicators include his contribution to supporting the
Company to achieve solid results through efficient resource management even in
the period of low growth; and to recover new growth engines including new
technologies and businesses. The bonus amount was determined based on the
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
Other Income - n/a
(KRW mil)
Type of
remuneration
Salary 1,006
KRW 124 million in March and KRW 83 million per month from April to December.
Jung-bae
Earned tax (± assessed considerations)and cost of capital for the fiscal year by business
Lee
Income unit. (Adjusted according to individual performance.)
(Director)
Bonus 1,591
margin of 16.6%, and stock performance of -0.9% over 2020–2022;and that the
Memory Business achieved revenue of KRW 44.1 trillion in 2023. Qualitative
indicators include his contribution to expanding business and laying the foundation
to enhance competitiveness by expanding the lineup of memory products and
securing new customers. The bonus amount was determined based on the
Type of
remuneration
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
Other Income - n/a
< Remuneration for five highest-paid Executive Directors who are paid KRW 500 million or more >
(1) Summary on remuneration by Executive
(KRW mil)
Total amount of Remuneration not included
Name position
remuneration in total amount
Ki-nam Kim Senior Advisor 17,265 -
Won-jin Lee Executive Advisor 8,600 -
Gyoyoung Jin Senior Advisor 8,485 -
Jong-hee Han CEO 6,904 -
Tae-moon Roh Executive Director 6,193 -

Earned income as per Income Tax Act (Article 20: Wage and Salary Income, Article 21: Other Income, Article 22: Retirement income).
Type of
remuneration
remuneration is determined based on position (chairman), responsibility, and
Salary 1,680
performance results. He was paid an average of KRW 144 million per month from
January to November, and KRW 101 million in December.
- Target achievement incentive: Paid on biannual basis within the range of 0–200%
of monthly wage, and CEO decides the amount according to the level of target
Earned - Performance incentive: Paid once a year within 0–50% of salary based on the
Ki-nam Kim
Income compensation resources calculated according to financial factors such as profit
Bonus 2,445 after tax (± assessed considerations)and cost of capital for the fiscal year by
business unit. (Adjusted according to individual performance.)
※ Payment rate in 2023: 0%
- Long-term incentive: Calculated within the director remuneration limit, based on
the average salary of 3 years, using ROE, stock performance, and EBIT margin
as criteria. Paid over the course of 3 years.
- Quantitative indicators suggest that the Company recorded a ROE of 13.2%,
Type of
remuneration
EBIT margin of 16.6%, and stock performance of -0.9% over 2020–2022; and
that the DS Division achieved revenue of KRW 66.6 trillion and operating loss of
KRW 14.9 trillion in 2023. Qualitative indicators include his contributions to the
Company management through domestic and international R&D exchange and
sensing future technologies. The bonus was determined based on the indicators
listed above.
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
- In accordance with internal regulations for severance pay of executives (Board
Retirement Income 12,990 resolution), calculated by multiplying KRW 144 million (monthly wage at the time
of retirement) by 25 (years of service) and a variable within a 1.0–3.5 range.
Other Income - n/a
(KRW mil)
Type of
remuneration
remuneration is determined based on position (president), responsibility, and
Salary 2,143
performance results. He was paid an average of KRW 179 million per month from
January to December.
- Target achievement incentive: Paid on biannual basis of the incentive based on the
payment rate decided by CEO according to the level of target achieved by the
relevant division and the amount set for the individual.
- Performance incentive: Paid once a year of the incentive based on the payment rate
decided by CEO according to the level of achievement for the annual individual
target (enhancing gaming/media/advertisement services, strengthening service
Bonus 3,912
partnership, etc.) and the amount set for the individual.
Earned
- Quantitative indicators suggest that the VD Business achieved revenue of KRW
Income
30.4 trillion in 2023 and include revenue related to the MX Business and the growth
of the service businesses he is in charge of. Qualitative indicators include his
Won-jin Lee
contributions to securing foundation for sustainable growth engines based on
services, breaking away from a business structure centered on products. The bonus
was determined based on the indicators listed above.
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
Retirement Income 2,431 resolution), calculated by multiplying KRW 208 million (monthly wage at the time of
retirement) by 10 (years of service) and a variable within a 1.0–3.5 range.
Other Income - n/a
(KRW mil)
Type of
remuneration
remuneration is determined based on position (president-level), responsibility, and
Salary 1,010
performance results. He was paid an average of KRW 89 million in January, KRW 85
million per month from February to November, and KRW 68 million in December.
- Target achievement incentive: Paid on biannual basis within the range of 0–200%
of monthly wage, and CEO decides the amount according to the level of target
compensation resources calculated according to financial factors such as profit
after tax and cost of capital for the fiscal year by business unit. (Adjusted according
to individual performance)
※ Payment rate in 2023: 0%
Bonus 2,116 - Long-term incentive: Calculated within the director remuneration limit, based on
Earned the average salary of 3 years, using ROE, stock performance, and EBIT margin as
Income criteria. Paid over the course of 3 years.
Kyoyoung Jin margin of 16.6%, and stock performance of -0.9% over 2020–2022; and that the
DS Division achieved revenue of KRW 66.6 trillion and operating loss of KRW 14.9
trillion in 2023. Qualitative indicators include his contributions to the Company
management by discovering future technologies for the business, suggesting
medium-to-long term R&D strategies, and securing new technologies. The bonus
was determined based on the indicators listed above.
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
Retirement Income 5,259 resolution), calculated by multiplying KRW 83 million (monthly wage at the time of
retirement) by 19 (years of service) and a variable within a 1.0–3.5 range.
Other Income - n/a
(KRW mil)
Type of
remuneration
remuneration is determined based on position (vice chairman), responsibility, and
Salary 1,467 performance results. He was paid an average of KRW 101 million per month from
January to February, KRW 181 million in March, and KRW 121 million per month from
April to December.
Jong-hee Earned - Traditional-holiday bonus: 100% of monthly wage
Han Income - Target achievement incentive: Paid on biannual basis within the range of 0–200% of
Bonus 5,306 achieved. (Adjusted according to division performance; applied retroactively)
Type of
remuneration
margin of 16.6%, and stock performance of -0.9% over 2020-2022; and that the DX
trillion in 2023. Qualitative indicators include his contributions to leading the
improvement of product competitiveness of the DX Division by enhancing the B2B
businesses and expanding synergies between products. The bonus amount was
determined based on the indicators listed above.
Profit from
exercising
- n/a
stock
option
Other
Income
resolution)
Other Income - n/a
(KRW mil)
Type of
remuneration
remuneration is determined based on position (president), responsibility, and
Salary 1,254 performance results. He was paid an average of KRW 94 million per month from January
to February, KRW 132 million in March, and KRW 104 million per month from April to
December.
Tae-moon Earned unit. (Adjusted according to individual performance.)
Roh Income - Long-term incentive: Calculated within the director remuneration limit, based on the
Bonus 4,824
margin of 16.6%, and stock performance of -0.9% over 2020-2022; and that the MX
Business achieved revenue of KRW 108.6 trillion in 2023. Qualitative indicators
include his contributions to driving solid earnings through technology innovations in
mobile and effective marketing, and by laying groundwork for growth via preemptive
responses to the future market. The bonus amount was determined based on the
Profit from
exercising - n/a
stock
Type of
remuneration
option
Other
Income
resolution)
Other Income - n/a
B. Stock options granted and exercised

(1) Status of stock options granted to registered Directors
As of December 31, 2023, there were no accumulated-basis unexercised stock options granted to registered Directors,
auditors, or people who instruct another person to conduct business.
(KRW mil)
Type Number1) Total fair value of stock options Note

Registered Director 5 - -
Independent Director 3 - -
Audit Committee member or auditor 3 - -
Person who instructs another person to
1,158 - -
conduct business
Total 1,169 - -
1) Based on the number of persons as of the reporting date.

IX. Affiliates and Subsidiaries
1. Affiliates & subsidiaries
A. Affiliates
As of December 31, 2023, Samsung Group is consisted of 63 domestic affiliates. Among the Samsung Group’s 63 domestic
affiliates, seventeen (17) affiliates including Samsung Electronics are listed, and forty-six (46) affiliates are unlisted.
No. of Affiliates
Name of affiliated group
Listed Unlisted Total
Samsung 17 46 63

B. Ownership status of affiliates and subsidiaries
1) Domestic
Samsung
Investee Samsung Samsung Samsung Samsung
Samsung Samsung Samsung SamsungFN Samsung Samsung Samsung Samsung Fire & MULTI S1 Cheil
C&T Life Electro- Heavy
Investor Corporation
BioLogics
Insurance
SDI SDS REIT Engineering
mechanics
Electronics
Industries
Securities Card Marine CAMPUS Corporation Worldwide
Insurance
Samsung C&T
Corporation 43.1 19.3 17.1 7.0 5.0 0.1
Samsung
BioLogics
Samsung Life
Insurance 0.1 0.1 0.1 0.1 19.5 0.1 0.2 8.6 3.1 29.4 71.9 15.0 0.0 5.4 0.4
Samsung SDI 11.7 0.4 11.0
Samsung SDS 47.2
Samsung Electro-
mechanics 2.1
Samsung
Electronics 31.2 19.6 22.6 23.7 15.2 25.2
Samsung Heavy
Industries
Samsung
Securities. 1.8 1.3
Samsung Card 1.9 3.0
Samsung Fire &

Marine Insurance 18.7 0.2 1.5 1.0
S1 Corporation 0.8
Cheil Worldwide 0.1
Hotel Shilla
SDC
Samsung Asset
Management
Samsung
Electronics
Service
Miracom
Samsung
Global 15.2
Research

Samsung
Samsung Samsung Samsung Samsung
Investee C&T
Samsung
Life
Samsung Samsung SamsungFN Samsung
Electro-
Samsung
Heavy
Samsung Samsung Fire & MULTI S1 Cheil
Investor Corporation
BioLogics
Insurance
SDI SDS REIT Engineering
mechanics
Electronics
Industries
Securities Card Marine CAMPUS Corporation Worldwide
Insurance
Harman
International
Industries, Inc.
Total 0.1 74.3 19.3 19.7 39.7 40.8 19.0 23.9 15.1 20.9 29.4 71.9 15.0 62.4 20.7 28.7
※ Percent of ownership as of December 31, 2023 based on common shares
Samsung Samsung
Investee Samsung Samsung Samsung Samsung Samsung Samsung Samsung Samsung
Samsung Samsung Samsung Samsung Active Samsung Card
Hotel Shilla Venture Life SRA Asset Asset Electronics Electronics Electronics Electronics
Investor Display Medison BioEpis
Investment Service
Futures Asset
Management
Welstory
Management Logitech Service Service CS Sales
Customer
Management Service
Samsung C&T
Corporation 16.7 100.0
Samsung
BioLogics 100.0
Samsung Life
Insurance 7.5 99.8 100.0 100.0
Samsung SDI 0.1 15.2 16.3
Samsung SDS
Samsung Electro-
mechanics 17.0
Samsung
Electronics 5.1 84.8 68.5 16.3 100.0 99.3 100.0
Samsung Heavy
Industries 17.0
Samsung
Securities. 3.1 16.7 100.0
Samsung Card 1.3 100.0
Samsung Fire &

Marine Insurance
S1 Corporation
Cheil Worldwide
Hotel Shilla
SDC
Samsung Asset
Management 100.0
Samsung Samsung
Samsung Samsung Samsung Samsung Samsung Samsung Samsung Samsung
Investee Hotel Shilla
Samsung Samsung Samsung
Venture Life
Samsung Active
SRA Asset
Samsung
Asset Electronics Electronics Electronics Electronics
Card
Investor Display Medison BioEpis
Investment Service
Futures Asset
Management
Welstory
Management Logitech Service Service CS Sales
Customer
Management Service
Samsung
Eelectronics 100.0
Service
Miracom
Samsung
Global
Research
Harman
International
Industries, Inc.
Total 17.0 100.0 68.5 100.0 100.0 99.8 100.0 100.0 100.0 100.0 100.0 100.0 99.3 100.0 100.0 100.0

Samsung
Samsung Samsung Samsung Suwon HDC
Fire &
Investee Corning Hedge
Marine
Claim
SEMES
Samsung
STECO Shilla HM SD Flex SBTM S-1CRM
SU
S-Core STM
Shilla Open
Investor Advanced Asset
Insurance
Adjustment Bluewings Materials Duty Free Hands
Glass Management Service FC LTD
Service
Samsung C&T
Corporation
Samsung
BioLogics
Samsung Life
Insurance
Samsung SDI 50.0 100.0
Samsung SDS 81.8 100.0
Samsung Electro-
mechanics
Samsung
Electronics 91.5 70.0
Samsung Heavy
Industries
Samsung
Securities.
Samsung Card
Samsung Fire &

Marine Insurance 100.0 100.0
S1 Corporation 100.0 0.6

Samsung
Samsung Samsung Samsung Suwon HDC
Investee Fire &
Corning Hedge Claim Samsung SU Shilla Open
Marine SEMES STECO Shilla HM SD Flex SBTM S-1CRM S-Core STM
Investor Advanced Asset
Insurance
Adjustment Bluewings Materials Duty Free Hands
Glass Management Service FC LTD
Service
Cheil Worldwide 100.0 5.2
Hotel Shilla 100.0 100.0 50.0
SDC 50.0 50.0
Samsung Asset
Management 100.0
Samsung
Eelectronics
Service
Miracom 0.5
Samsung
Global
Research
Harman
International
Industries, Inc.
Total 50.0 100.0 100.0 100.0 91.5 100.0 70.0 100.0 50.0 100.0 100.0 50.0 88.1 100.0 50.0 100.0

Samsung
Samsung
Cheil Samsung Fire & Samwoo Seoul Harman
Investee Fashion Miracom Global
Samsung Life
Marine Architects & Lakeside SECUI CVnet
SHP
International Human TSS Stellarforest
Mirero
Investor Retail Research
Lions Financial
Financial Engineers CC
Corporation
Korea
System
Service
Service
Samsung C&T
Corporation 100.0 1.0 100.0 100.0 8.7 40.1
Samsung
BioLogics
Samsung Life
Insurance 14.8 100.0
Samsung SDI 29.6
Samsung SDS 83.6 56.5 9.4
Samsung Electro-
mechanics 23.8
Samsung
Electronics 29.8 100.0
Samsung Heavy
Industries 1.0

Samsung
Samsung
Cheil Samsung Fire & Samwoo Seoul Harman
Investee Fashion Miracom Global
Samsung Life
Marine Architects & Lakeside SECUI CVnet
SHP
International Human TSS Stellarforest
Mirero
Investor Retail Research
Lions Financial
Financial Engineers CC
Corporation
Korea
System
Service
Service
Samsung
Securities.
Samsung Card
Samsung Fire &

Marine Insurance 100.0
S1 Corporation 0.6 100.0
Cheil Worldwide 5.4 67.5
Hotel Shilla 100.0
SDC
Samsung Asset
Management
Samsung
Eelectronics
Service
Miracom
Samsung
Global
Research
Harman
International 100.0
Industries, Inc.
Total 100.0 89.6 100.0 67.5 100.0 100.0 100.0 100.0 65.2 49.5 100.0 100.0 100.0 100.0 0.0
2) Overseas
Investor Investee Ownership

Samwoo Architects & Engineers SAMOO AUSTIN INC 100.0
Samwoo Architects & Engineers SAMOO HU Designer and Engineering Services Limited 100.0
Samwoo Architects & Engineers SAMOO DESIGNERS & ENGINEERS INDIA PRIVATE LIMITED 100.0
Samwoo Architects & Engineers SAMOO (KL) SDN. BHD. 100.0
Samwoo Architects & Engineers SAMOO Design Consulting Co.,Ltd 100.0
Samsung C&T America Inc. Samsung Green repower, LLC 100.0
Samsung C&T America Inc. Samsung Solar Construction Inc. 100.0
Samsung C&T America Inc. QSSC, S.A. de C.V. 20.0
Samsung C&T America Inc. Samsung Solar Energy LLC 100.0

Samsung C&T America Inc. Equipment Trading Solutions Group, LLC 70.0
Samsung Renewable Energy Inc. SP Armow Wind Ontario LP 50.0
Samsung Renewable Energy Inc. SRE GRW EPC GP Inc. 100.0
Samsung Renewable Energy Inc. SRE GRW EPC LP 100.0
Samsung Renewable Energy Inc. SRE SKW EPC GP Inc. 100.0
Samsung Renewable Energy Inc. SRE SKW EPC LP 100.0
Samsung Renewable Energy Inc. SRE WIND PA GP INC. 100.0
Samsung Renewable Energy Inc. SRE WIND PA LP 100.0
Samsung Renewable Energy Inc. SRE GRS Holdings GP Inc. 100.0
Samsung Renewable Energy Inc. SRE GRS Holdings LP 100.0
Samsung Renewable Energy Inc. SRE K2 EPC GP Inc. 100.0
Samsung Renewable Energy Inc. SRE K2 EPC LP 100.0
Samsung Renewable Energy Inc. SRE KS HOLDINGS GP INC. 100.0
Samsung Renewable Energy Inc. SRE KS HOLDINGS LP 100.0
Samsung Renewable Energy Inc. SP Belle River Wind LP 42.5
Samsung Renewable Energy Inc. SRE Armow EPC GP Inc. 100.0
Samsung Renewable Energy Inc. SRE Armow EPC LP 100.0
Samsung Renewable Energy Inc. North Kent Wind 1 LP 35.0
Samsung Renewable Energy Inc. SRE Wind GP Holding Inc. 100.0
Samsung Renewable Energy Inc. South Kent Wind LP Inc. 50.0
Samsung Renewable Energy Inc. Grand Renewable Wind LP Inc. 45.0
Samsung Renewable Energy Inc. SRE North Kent 2 LP Holdings LP 100.0
Samsung Renewable Energy Inc. SRE Solar Development GP Inc. 100.0
Samsung Renewable Energy Inc. SRE Solar Development LP 100.0
Samsung Renewable Energy Inc. SRE Windsor Holdings GP Inc. 100.0
Samsung Renewable Energy Inc. SRE Southgate Holdings GP Inc. 100.0
Samsung Renewable Energy Inc. SRE Solar Construction Management GP Inc. 100.0
Samsung Renewable Energy Inc. SRE Solar Construction Management LP 100.0
Samsung Renewable Energy Inc. SRE BRW EPC GP INC. 100.0
Samsung Renewable Energy Inc. SRE BRW EPC LP 100.0
Samsung Renewable Energy Inc. SRE North Kent 1 GP Holdings Inc 100.0
Samsung Renewable Energy Inc. SRE North Kent 2 GP Holdings Inc 100.0
Samsung Renewable Energy Inc. SRE Belle River GP Holdings Inc 100.0
Samsung Renewable Energy Inc. SRE NK1 EPC GP Inc 100.0
Samsung Renewable Energy Inc. SRE NK1 EPC LP 100.0
Samsung Renewable Energy Inc. SRE Summerside Construction GP Inc. 100.0
Samsung Renewable Energy Inc. SRE Summerside Construction LP 100.0
Samsung Green repower, LLC Monument Power, LLC 100.0
SP Armow Wind Ontario GP Inc SP Armow Wind Ontario LP 0.0
Samsung C&T Oil & Gas Parallel Corp. PLL Holdings LLC 83.6
SRE GRW EPC GP Inc. SRE GRW EPC LP 0.0
SRE SKW EPC GP Inc. SRE SKW EPC LP 0.0
SRE WIND PA GP INC. SRE WIND PA LP 0.0
SRE GRS Holdings GP Inc. Grand Renewable Solar GP Inc. 50.0
SRE GRS Holdings GP Inc. SRE GRS Holdings LP 0.0
SRE K2 EPC GP Inc. SRE K2 EPC LP 0.0
SRE KS HOLDINGS GP INC. KINGSTON SOLAR GP INC. 50.0
SRE KS HOLDINGS GP INC. SRE KS HOLDINGS LP 0.0
SP Belle River Wind GP Inc SP Belle River Wind LP 0.0

SRE Armow EPC GP Inc. SRE Armow EPC LP 0.0
SRE Wind GP Holding Inc. SP Armow Wind Ontario GP Inc 50.0
SRE Wind GP Holding Inc. South Kent Wind GP Inc. 50.0
SRE Wind GP Holding Inc. Grand Renewable Wind GP Inc. 50.0
South Kent Wind GP Inc. South Kent Wind LP Inc. 0.0
Grand Renewable Wind GP Inc. Grand Renewable Wind LP Inc. 0.0
North Kent Wind 1 GP Inc North Kent Wind 1 LP 0.0
SRE Solar Development GP Inc. SRE Solar Development LP 0.0
SRE Solar Construction Management GP Inc. SRE Solar Construction Management LP 0.0
SRE BRW EPC GP INC. SRE BRW EPC LP 0.0
SRE North Kent 1 GP Holdings Inc North Kent Wind 1 GP Inc 50.0
SRE North Kent 2 GP Holdings Inc SRE North Kent 2 LP Holdings LP 0.0
SRE Belle River GP Holdings Inc SP Belle River Wind GP Inc 50.0
SRE NK1 EPC GP Inc SRE NK1 EPC LP 0.0
SRE Summerside Construction GP Inc. SRE Summerside Construction LP 0.0
Samsung Solar Energy LLC Samsung Solar Energy 1 LLC 100.0
Samsung Solar Energy LLC Samsung Solar Energy 2 LLC 100.0
Samsung Solar Energy LLC Samsung Solar Energy 3, LLC 100.0
Samsung Solar Energy 1 LLC CS SOLAR LLC 50.0
Samsung Solar Energy 2 LLC 5S ENERGY HOLDINGS, LLC 50.0
Samsung C&T Deutschland GmbH SungEel Recycling Park Thuringen GmbH 50.0
Samsung C&T Deutschland GmbH POSS-SLPC, S.R.O 20.0
Samsung C&T Deutschland GmbH Solluce Romania 1 B.V. 20.0
Samsung C&T Deutschland GmbH S.C. Otelinox S.A 99.9
Samsung C&T Malaysia SDN. BHD WARIS GIGIH ENGINEERING AND TECHNOLOGY SDN. BHD. 70.0
Samsung C&T Singapore Pte., Ltd. Samsung Chemtech Vina LLC 48.3
Samsung C&T Singapore Pte., Ltd. Samsung C&T Thailand Co., Ltd 0.2
Samsung C&T Singapore Pte., Ltd. Malaysia Samsung Steel Center Sdn.Bhd 30.0
Samsung C&T Singapore Pte., Ltd. S&G Biofuel PTE.LTD 12.6
S&G Biofuel PTE.LTD PT. Gandaerah Hendana 95.0
S&G Biofuel PTE.LTD PT. Inecda 95.0
Vista Contracting and Investment Global Pte. Ltd. VISTA CONTRACTING AND DEVELOPMENT BANGLADESH LTD. 100.0
Vista Contracting and Investment Global Pte. Ltd. Vista NEXT Limited 51.0
Vista Contracting and Investment Global Pte. Ltd. WELVISTA COMPANY LIMITED 30.0
CHEIL HOLDING INC. SAMSUNG CONST. CO. PHILS. 75.0
Samsung C&T Hongkong Ltd. Samsung C&T Thailand Co., Ltd 6.8
Samsung C&T Hongkong Ltd. SAMSUNG TRADING (SHANGHAI) CO., LTD 100.0
Samsung C&T Hongkong Ltd. Samsung Precision Stainless Steel(pinghu) Co.,Ltd. 45.0
Samsung Electronics Samsung Japan Corporation 100.0
Samsung Electronics Samsung R&D Institute Japan Co. Ltd. 100.0
Samsung Electronics Samsung Electronics America, Inc. 100.0
Samsung Electronics Samsung Electronics Canada, Inc. 100.0
Samsung Electronics Samsung Electronics Mexico S.A. De C.V. 63.6
Samsung Electronics Samsung Electronics Ltd. 100.0
Samsung Electronics Samsung Electronics (UK) Ltd. 100.0
Samsung Electronics Samsung Electronics Holding GmbH 100.0
Samsung Electronics Samsung Electronics Iberia, S.A. 100.0
Samsung Electronics Samsung Electronics France S.A.S 100.0
Samsung Electronics Samsung Electronics Hungarian Private Co. Ltd. 100.0

Samsung Electronics Samsung Electronics Italia S.P.A. 100.0
Samsung Electronics Samsung Electronics Europe Logistics B.V. 100.0
Samsung Electronics Samsung Electronics Benelux B.V. 100.0
Samsung Electronics Samsung Electronics Overseas B.V. 100.0
Samsung Electronics Samsung Electronics Polska, SP.Zo.o 100.0
Samsung Electronics Samsung Electronics Portuguesa, Unipessoal, Lda. 100.0
Samsung Electronics Samsung Electronics Nordic Aktiebolag 100.0
Samsung Electronics Samsung Electronics Austria GmbH 100.0
Samsung Electronics Samsung Electronics Slovakia s.r.o 55.7
Samsung Electronics Samsung Electronics Europe Holding Cooperatief U.A. 100.0
Samsung Electronics Samsung Electronics Display (M) Sdn. Bhd. 75.0
Samsung Electronics Samsung Electronics (M) Sdn. Bhd. 100.0
Samsung Electronics Samsung Vina Electronics Co., Ltd. 100.0
Samsung Electronics Samsung Asia Pte. Ltd. 100.0
Samsung Electronics Samsung India Electronics Private Ltd. 100.0
Samsung Electronics Samsung R&D Institute India-Bangalore Private Limited 100.0
Samsung Electronics Samsung Electronics Australia Pty. Ltd. 100.0
Samsung Electronics PT Samsung Electronics Indonesia 100.0
Samsung Electronics Thai Samsung Electronics Co., Ltd. 91.8
Samsung Electronics Samsung Malaysia Electronics (SME) Sdn. Bhd. 100.0
Samsung Electronics Samsung Electronics Hong Kong Co., Ltd. 100.0
Samsung Electronics Suzhou Samsung Electronics Co., Ltd. 69.1
Samsung Electronics Samsung (CHINA) Investment Co., Ltd. 100.0
Samsung Electronics Samsung Electronics Suzhou Semiconductor Co., Ltd. 100.0
Samsung Electronics Tianjin Samsung Electronics Co., Ltd. 48.2
Samsung Electronics Samsung Electronics Taiwan Co., Ltd. 100.0
Samsung Electronics Tianjin Samsung Telecom Technology Co., Ltd. 90.0
Samsung Electronics Shanghai Samsung Semiconductor Co., Ltd. 100.0
Samsung Electronics Samsung Electronics Suzhou Computer Co., Ltd. 73.7
Samsung Electronics Samsung Semiconductor (China) R&D Co., Ltd. 100.0
Samsung Electronics Samsung (China) Semiconductor Co., Ltd. 100.0
Samsung Electronics Samsung SemiConductor Xian Co., Ltd. 100.0
Samsung Electronics Samsung Gulf Electronics Co., Ltd. 100.0
Samsung Electronics Samsung Electronics Egypt S.A.E 0.1
Samsung Electronics Samsung Electronics South Africa(Pty) Ltd. 100.0
Samsung Electronics Samsung Electronics Latinoamerica(Zona Libre), S. A. 100.0
Samsung Electronics Samsung Eletronica da Amazonia Ltda. 87.0
Samsung Electronics Samsung Electronics Argentina S.A. 98.0
Samsung Electronics Samsung Electronics Chile Limitada 4.1
Samsung Electronics Samsung Electronics Rus Company LLC 100.0
Samsung Electronics Samsung Electronics Rus Kaluga LLC 100.0
Samsung Electronics Tianjin Samsung LED Co., Ltd. 100.0
Samsung Biologics Samsung Biologics America, Inc. 100.0
Samsung BioEpis Samsung Bioepis United States Inc. 100.0
Samsung BioEpis SAMSUNG BIOEPIS UK LIMITED 100.0
Samsung BioEpis Samsung Bioepis NL B.V. 100.0
Samsung BioEpis Samsung Bioepis CH GmbH 100.0
Samsung BioEpis Samsung Bioepis PL Sp z o.o. 100.0
Samsung BioEpis SAMSUNG BIOEPIS AU PTY LTD 100.0

Samsung BioEpis SAMSUNG BIOEPIS NZ LIMITED 100.0
Samsung BioEpis Samsung Biopeis TW Limited 100.0
Samsung BioEpis Samsung Bioepis HK Limited 100.0
Samsung BioEpis SAMSUNG BIOEPIS IL LTD 100.0
Samsung BioEpis SAMSUNG BIOEPIS BR PHARMACEUTICAL LTDA 100.0
Samsung Display Intellectual Keystone Technology LLC 41.9
Samsung Display Samsung Display America Holdings, Inc 100.0
Samsung Display Samsung Display Slovakia, s.r.o., v likvidacii 100.0
Samsung Display Samsung Display Vietnam Co., Ltd. 100.0
Samsung Display Samsung Display Noida Private Limited 100.0
Samsung Display Samsung Display Dongguan Co., Ltd. 100.0
Samsung Display Samsung Display Tianjin Co., Ltd. 95.0
Samsung Display Novaled GmbH 9.9
SEMES SEMES America, Inc. 100.0
SEMES SEMES (XIAN) Co., Ltd. 100.0
Samsung Electronics America, Inc. NeuroLogica Corp. 100.0
Samsung Electronics America, Inc. Samsung HVAC America, LLC 100.0
Samsung Electronics America, Inc. SmartThings, Inc. 100.0
Samsung Electronics America, Inc. Samsung Oak Holdings, Inc. 100.0
Samsung Electronics America, Inc. Joyent, Inc. 100.0
Samsung Electronics America, Inc. TeleWorld Solutions, Inc. 100.0
Samsung Electronics America, Inc. Samsung Semiconductor, Inc. 100.0
Samsung Electronics America, Inc. Samsung Research America, Inc 100.0
Samsung Electronics America, Inc. Samsung Electronics Home Appliances America, LLC 100.0
Samsung Electronics America, Inc. Samsung International, Inc. 100.0
Samsung Electronics America, Inc. Harman International Industries, Inc. 100.0
Samsung Semiconductor, Inc. Samsung Federal, Inc. 100.0
Samsung Semiconductor, Inc. Samsung Austin Semiconductor LLC. 100.0
Samsung Electronics Canada, Inc. AdGear Technologies Inc. 100.0
Samsung Research America, Inc SAMSUNG NEXT LLC 100.0
SAMSUNG NEXT LLC SAMSUNG NEXT FUND LLC 100.0
Samsung International, Inc. Samsung Mexicana S.A. de C.V 100.0
Samsung Electronics Mexico S.A. De C.V. Samsung Electronics Digital Appliance Mexico, SA de CV 100.0
Samsung Display America Holdings, Inc eMagin Corporation 100.0
Harman International Industries, Inc. Harman International Japan Co., Ltd. 100.0
Harman International Industries, Inc. Harman International Industries Canada Ltd. 100.0
Harman International Industries, Inc. Harman Becker Automotive Systems, Inc. 100.0
Harman International Industries, Inc. Harman Professional, Inc. 100.0
Harman International Industries, Inc. Harman Connected Services, Inc. 100.0
Harman International Industries, Inc. Harman Financial Group LLC 100.0
Harman International Industries, Inc. Roon Labs, LLC 100.0
Harman International Industries, Inc. Harman Belgium SA 100.0
Harman International Industries, Inc. Harman France SNC 100.0
Harman International Industries, Inc. Red Bend Software SAS 100.0
Harman International Industries, Inc. Harman Inc. & Co. KG 66.0
Harman International Industries, Inc. Harman KG Holding, LLC 100.0
Harman International Industries, Inc. Harman Becker Automotive Systems Italy S.R.L. 100.0
Harman International Industries, Inc. Harman Industries Holdings Mauritius Ltd. 100.0
Harman International Industries, Inc. Harman International Mexico, S. de R.L. de C.V. 99.9

Harman Becker Automotive Systems, Inc. Harman International Estonia OU 100.0
Harman Professional, Inc. Harman Singapore Pte. Ltd. 100.0
Harman Professional, Inc. Harman da Amazonia Industria Eletronica e Participacoes Ltda. 0.0
Harman Professional, Inc. Harman do Brasil Industria Eletronica e Participacoes Ltda. 0.0
Harman Connected Services, Inc. Harman Connected Services Engineering Corp. 100.0
Harman Connected Services, Inc. Harman Connected Services AB. 100.0
Harman Connected Services, Inc. Harman Connected Services UK Ltd. 100.0
Harman Connected Services, Inc. Harman Connected Services Corp. India Pvt. Ltd. 1.6
Harman Connected Services, Inc. Global Symphony Technology Group Private Ltd. 100.0
Harman Financial Group LLC Harman International (India) Private Limited 0.0
Harman Financial Group LLC Harman International Mexico, S. de R.L. de C.V. 0.1
Harman Financial Group LLC Harman de Mexico, S. de R.L. de C.V. 0.0
Samsung Electronics (UK) Ltd. Samsung Semiconductor Europe Limited 100.0
Samsung Electronics Holding GmbH Samsung Semiconductor Europe GmbH 100.0
Samsung Electronics Holding GmbH Samsung Electronics GmbH 100.0
Samsung Electronics Hungarian Private Co. Ltd. Samsung Electronics Czech and Slovak s.r.o. 31.4
Samsung Electronics Hungarian Private Co. Ltd. Samsung Electronics Slovakia s.r.o 44.3
Samsung Electronics Benelux B.V. Samsung Electronics Mexico S.A. De C.V. 36.4
Samsung Electronics Benelux B.V. SAMSUNG ELECTRONICS BALTICS SIA 100.0
Samsung Electronics Benelux B.V. Samsung Electronics West Africa Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics East Africa Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Saudi Arabia Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Egypt S.A.E 99.9
Samsung Electronics Benelux B.V. Samsung Electronics Israel Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Tunisia S.A.R.L 99.0
Samsung Electronics Benelux B.V. Samsung Electronics Pakistan(Private) Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics South Africa Production (pty) Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Turkiye 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Industry and Commerce Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Semiconductor Israel R&D Center, Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Levant Co.,Ltd. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Maghreb Arab 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Venezuela, C.A. 100.0
Samsung Electronics Benelux B.V. Samsung Eletronica da Amazonia Ltda. 13.0
Samsung Electronics Benelux B.V. Samsung Electronics Chile Limitada 95.9
Samsung Electronics Benelux B.V. Samsung Electronics Peru S.A.C. 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Ukraine Company LLC 100.0
Samsung Electronics Benelux B.V. Samsung R&D Institute Ukraine 100.0
Samsung Electronics Benelux B.V. Samsung R&D Institute Rus LLC 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Central Eurasia LLP 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Caucasus Co. Ltd 100.0
Samsung Electronics Benelux B.V. Samsung Electronics Uzbekistan FC LLC 100.0
Samsung Electronics Benelux B.V. Corephotonics Ltd. 100.0
Samsung Electronics Nordic Aktiebolag Samsung Nanoradio Design Center 100.0
AKG Acoustics Gmbh Harman Professional Denmark ApS 100.0
AKG Acoustics Gmbh Studer Professional Audio GmbH 100.0
Harman Professional Denmark ApS Martin Professional Japan Ltd. 40.0
Harman Becker Automotive Systems GmbH Harman International Romania SRL 0.0
Harman Becker Automotive Systems GmbH Apostera UA, LLC 100.0

Harman Holding Gmbh & Co. KG Harman Becker Automotive Systems GmbH 100.0
Harman Holding Gmbh & Co. KG Harman Deutschland GmbH 100.0
Harman Holding Gmbh & Co. KG Harman Becker Automotive Systems Manufacturing Kft 100.0
Harman Holding Gmbh & Co. KG Harman RUS CIS LLC 100.0
Harman Inc. & Co. KG Harman Holding Gmbh & Co. KG 100.0
Harman Inc. & Co. KG Harman Management Gmbh 100.0
Harman Inc. & Co. KG Harman Hungary Financing Ltd. 100.0
Harman Connected Services GmbH Harman Connected Services OOO 100.0
Harman KG Holding, LLC Harman Inc. & Co. KG 34.0
Harman Becker Automotive Systems Manufacturing Kft Harman Professional Kft 100.0
Harman Becker Automotive Systems Manufacturing Kft Harman Consumer Nederland B.V. 100.0
Harman Becker Automotive Systems Manufacturing Kft Harman International Romania SRL 100.0
Harman Becker Automotive Systems Manufacturing Kft Red Bend Ltd. 100.0
Harman Becker Automotive Systems Manufacturing Kft Harman do Brasil Industria Eletronica e Participacoes Ltda. 100.0
Harman Hungary Financing Ltd. Harman International Industries Limited 100.0
Harman Consumer Nederland B.V. AKG Acoustics Gmbh 100.0
Harman Consumer Nederland B.V. Harman Audio Iberia Espana Sociedad Limitada 100.0
Harman Consumer Nederland B.V. Harman Holding Limited 100.0
Harman Audio Iberia Espana Sociedad Limitada Harman France SNC 0.0
Harman Connected Services AB. Harman Finland Oy 100.0
Harman Connected Services AB. Harman Connected Services GmbH 100.0
Harman Connected Services AB. Harman Connected Services Poland Sp.zoo 100.0
Harman Connected Services AB. Harman Connected Services Solutions (Chengdu) Co., Ltd. 100.0
Harman International Industries Limited Harman International Industries PTY Ltd. 100.0
Harman International Industries Limited Harman de Mexico, S. de R.L. de C.V. 100.0
Harman Connected Services UK Ltd. Harman Connected Services Morocco 100.0
Samsung Electronics Austria GmbH Samsung Electronics Switzerland GmbH 100.0
Samsung Electronics Europe Holding Cooperatief U.A. Samsung Electronics Czech and Slovak s.r.o. 68.6
Samsung Electronics Europe Holding Cooperatief U.A. Samsung Electronics Romania LLC 100.0
Samsung Electronics Europe Holding Cooperatief U.A. SAMSUNG Zhilabs, S.L. 100.0
Samsung Electronics Europe Holding Cooperatief U.A. Porta Nuova Varesine Building 2 S.r.l. 49.0
Samsung Electronics Europe Holding Cooperatief U.A. Samsung Electronics Poland Manufacturing SP.Zo.o 100.0
Samsung Electronics Europe Holding Cooperatief U.A. Samsung Electronics Greece S.M.S.A 100.0
Samsung Electronics Europe Holding Cooperatief U.A. Samsung Electronics Air Conditioner Europe B.V. 100.0
Samsung Electronics Europe Holding Cooperatief U.A. FOODIENT LTD. 100.0
Samsung Electronics Europe Holding Cooperatief U.A. Samsung Denmark Research Center ApS 100.0
Samsung Electronics Europe Holding Cooperatief U.A. Samsung Cambridge Solution Centre Limited 100.0
Samsung Electronics Europe Holding Cooperatief U.A. Novaled GmbH 40.0
Samsung Electronics Singapore Pte. Ltd. Samsung Electronics Display (M) Sdn. Bhd. 25.0
Samsung Asia Pte. Ltd. Samsung Electronics Japan Co., Ltd. 100.0
Samsung Asia Pte. Ltd. Samsung Electronics Singapore Pte. Ltd. 100.0
Samsung Asia Pte. Ltd. Samsung Electronics New Zealand Limited 100.0
Samsung Asia Pte. Ltd. Samsung Electronics Philippines Corporation 100.0
Samsung Asia Pte. Ltd. Samsung R&D Institute BanglaDesh Limited 100.0
Samsung Asia Pte. Ltd. Samsung Electronics Vietnam Co., Ltd. 100.0
Samsung Asia Pte. Ltd. Samsung Electronics Vietnam THAINGUYEN Co., Ltd. 100.0
Samsung Asia Pte. Ltd. Samsung Electronics HCMC CE Complex Co., Ltd. 100.0
Samsung India Electronics Private Ltd. Samsung Nepal Services Pvt, Ltd 100.0
Samsung India Electronics Private Ltd. Red Brick Lane Marketing Solutions Pvt. Ltd. 100.0

PT Samsung Electronics Indonesia PT Samsung Telecommunications Indonesia 100.0
Thai Samsung Electronics Co., Ltd. Laos Samsung Electronics Sole Co., Ltd 100.0
Samsung Electronics Hong Kong Co., Ltd. iMarket Asia Co., Ltd. 42.0
Suzhou Samsung Electronics Co., Ltd. Samsung Suzhou Electronics Export Co., Ltd. 100.0
Samsung (CHINA) Investment Co., Ltd. Suzhou Samsung Electronics Co., Ltd. 19.2
Samsung (CHINA) Investment Co., Ltd. Samsung Mobile R&D Center China-Guangzhou 100.0
Samsung (CHINA) Investment Co., Ltd. Samsung R&D Institute China-Shenzhen 100.0
Samsung (CHINA) Investment Co., Ltd. Tianjin Samsung Electronics Co., Ltd. 43.1
Samsung (CHINA) Investment Co., Ltd. Beijing Samsung Telecom R&D Center 100.0
Samsung (CHINA) Investment Co., Ltd. Samsung Electronics Suzhou Computer Co., Ltd. 26.3
Samsung (CHINA) Investment Co., Ltd. Samsung Electronics China R&D Center 100.0
Harman International (China) Holdings Co., Ltd. Harman (Suzhou) Audio and Infotainment Systems Co., Ltd. 100.0
Harman International (China) Holdings Co., Ltd. Harman Technology (Shenzhen) Co., Ltd. 100.0
Harman International (China) Holdings Co., Ltd. Harman (China) Technologies Co., Ltd. 100.0
Harman Holding Limited Harman Commercial (Shanghai) Co., Ltd. 100.0
Harman Holding Limited Harman International (China) Holdings Co., Ltd. 100.0
Harman Holding Limited Harman Automotive Electronic Systems (Suzhou) Co., Ltd. 100.0
Samsung Gulf Electronics Co., Ltd. Samsung Electronics Egypt S.A.E 0.1
Samsung Electronics Maghreb Arab Samsung Electronics Tunisia S.A.R.L 1.0
Harman Industries Holdings Mauritius Ltd. Harman International (India) Private Limited 100.0
Global Symphony Technology Group Private Ltd. Harman Connected Services Corp. India Pvt. Ltd. 98.4
Samsung Electronics Latinoamerica(Zona Libre), S. A. Samsung Electronics Latinoamerica Miami, Inc. 100.0
Samsung Electronics Latinoamerica(Zona Libre), S. A. Samsung Electronica Colombia S.A. 100.0
Samsung Electronics Latinoamerica(Zona Libre), S. A. Samsung Electronics Panama. S.A. 100.0
Samsung Eletronica da Amazonia Ltda. Samsung Electronics Argentina S.A. 2.0
Harman do Brasil Industria Eletronica e Participacoes Ltda. Harman da Amazonia Industria Eletronica e Participacoes Ltda. 100.0
Samsung Electronics Central Eurasia LLP Samsung Electronics Caucasus Co. Ltd 0.0
Samsung SDI Intellectual Keystone Technology LLC 41.0
Samsung SDI Samsung SDI Japan Co., Ltd. 89.2
Samsung SDI Samsung SDI America, Inc. 91.7
Samsung SDI Samsung SDI Hungary., Zrt. 100.0
Samsung SDI Samsung SDI Europe GmbH 100.0
Samsung SDI Samsung SDI Battery Systems GmbH 100.0
Samsung SDI Samsung SDI Vietnam Co., Ltd. 100.0
Samsung SDI Samsung SDI Energy Malaysia Sdn, Bhd. 100.0
Samsung SDI Samsung SDI India Private Limited 100.0
Samsung SDI Samsung SDI(Hong Kong) Ltd. 97.6
Samsung SDI Samsung SDI China Co., Ltd. 100.0
Samsung SDI Samsung SDI-ARN (Xi'An) Power Battery Co., Ltd. 65.0
Samsung SDI Samsung SDI（Tianjin）Battery Co.,Ltd. 80.0
Samsung SDI STARPLUS ENERGY LLC. 51.0
Samsung SDI Novaled GmbH 50.1
Samsung SDI SAMSUNG SDI WUXI CO.,LTD. 100.0
Samsung SDI iMarket Asia Co., Ltd. 8.7
Samsung SDI(Hong Kong) Ltd. Samsung SDI India Private Limited 0.0
Samsung SDI(Hong Kong) Ltd. Tianjin Samsung SDI Co., Ltd. 80.0
Samsung Electro-Mechanics Samsung Electro-Machanics Japan Co., Ltd. 100.0
Samsung Electro-Mechanics Samsung Electro-Mechanics America, Inc. 100.0
Samsung Electro-Mechanics Samsung Electro-Mechanics Mexico, S.A. de C.V. 100.0
Samsung Electro-Mechanics Samsung Electro-Mechanics GmbH 100.0
Samsung Electro-Mechanics Samsung Electro-Mechanics Philippines, Corp. 100.0
Samsung Electro-Mechanics Calamba Premier Realty Corporation 39.8
Samsung Electro-Mechanics Samsung Electro-Mechanics Pte Ltd. 100.0
Samsung Electro-Mechanics Samsung Electro-Mechanics Vietnam Co., Ltd. 100.0
Samsung Electro-Mechanics Samsung Electro-Mechanics Software India Bangalore Private Limited 99.9
Samsung Electro-Mechanics Tianjin Samsung Electro-Mechanics Co., Ltd. 81.8
Samsung Electro-Mechanics Samsung High-Tech Electro-Mechanics(Tianjin) Co., Ltd. 95.0
Samsung Electro-Mechanics Samsung Electro-Mechanics (Shenzhen) Co., Ltd. 100.0
Samsung Electro-Mechanics Kunshan Samsung Electro-Mechanics Co., Ltd. 100.0
Samsung Electro-Mechanics iMarket Asia Co., Ltd. 8.7
Samsung Electro-Mechanics America, Inc. Samsung Electro-Mechanics Mexico, S.A. de C.V. 0.0
Calamba Premier Realty Corporation Batino Realty Corporation 100.0
Samsung Electro-Mechanics Pte Ltd. Samsung Electro-Mechanics Software India Bangalore Private Limited 0.1
Samsung Fire & Marine Insurance Samsung Fire & Marine Management Corporation 100.0
Samsung Fire & Marine Insurance SAMSUNG FIRE & MARINE INSURANCE COMPANY OF EUROPE LTD. 100.0
Samsung Fire & Marine Insurance PT. Asuransi Samsung Tugu 70.0
Samsung Fire & Marine Insurance SAMSUNG VINA INSURANCE COMPANY LIMITED 75.0
Samsung Fire & Marine Insurance Samsung Reinsurance Pte. Ltd. 100.0
Samsung Fire & Marine Insurance Samsung Property & Casualty Insurance Company(China), Ltd 37.0
Samsung Fire & Marine Insurance Samsung Fire & Marine Insurance Management Middle East Limited 100.0
Samsung Heavy Industries Co.,Ltd. Camellia Consulting Corporation 100.0
Samsung Heavy Industries Co.,Ltd. Samsung Heavy Industries India Pvt.Ltd. 100.0
Samsung Heavy Industries Co.,Ltd. SAMSUNG HEAVY INDUSTRIES (M) SDN.BHD 100.0
Samsung Heavy Industries Co.,Ltd. Samsung Heavy Industries(Rongcheng) Co., Ltd 100.0
Samsung Heavy Industries Co.,Ltd. SAMSUNG HEAVY INDUSTRIES NIGERIA LIMITED 100.0
Samsung Heavy Industries Co.,Ltd. Samsung Heavy Industries Mozambique LDA 100.0
Samsung Heavy Industries Co.,Ltd. Samsung Heavy Industries Rus LLC 100.0
SAMSUNG HEAVY INDUSTRIES NIGERIA LIMITED SHI - MCI FZE 70.0
Samsung Life Insurance Porta Nuova Varesine Building 2 S.r.l. 51.0
Samsung Life Insurance Samsung Life Insurance (Thailand) Public Co., Ltd 48.9
Samsung Life Insurance Beijing Samsung Real Estate Co.. Ltd 90.0
Samsung Asset Management Samsung Asset Management (New York), Inc. 100.0
Samsung Asset Management Samsung Global SME Private Equity Manager Fund Co., Ltd. 100.0
Samsung Asset Management Samsung Asset Management U.S. Holdings, Inc. 100.0
Samsung Asset Management Samsung Private Equity Fund 2022 GP, Ltd. 100.0
Samsung Asset Management Samsung Co-Investment 2021 GP, Ltd. 100.0
Samsung Asset Management Samsung Asset Management(London) Ltd. 100.0
Samsung Asset Management Samsung Private Equity Manager I Co., Ltd. 100.0
Samsung Asset Management Samsung Asset Management (Hong Kong) Ltd. 100.0
Samsung C&T Corporation Samsung C&T Japan Corporation 100.0
Samsung C&T Corporation Samsung C&T America Inc. 100.0
Samsung C&T Corporation Samsung E&C America, INC. 100.0
Samsung C&T Corporation Samsung Renewable Energy Inc. 100.0
Samsung C&T Corporation QSSC, S.A. de C.V. 80.0
Samsung C&T Corporation Samsung C&T Oil & Gas Parallel Corp. 100.0
Samsung C&T Corporation Samsung C&T Lima S.A.C. 100.0
Samsung C&T Corporation Samsung C&T Deutschland GmbH 100.0
Samsung C&T Corporation Samsung C&T U.K. Ltd. 100.0

Samsung C&T Corporation Samsung C&T ECUK Limited 100.0
Samsung C&T Corporation Whessoe engineering Limited 100.0
Samsung C&T Corporation POSS-SLPC, S.R.O 50.0
Samsung C&T Corporation Solluce Romania 1 B.V. 80.0
Samsung C&T Corporation SAM investment Manzanilo.B.V 53.3
Samsung C&T Corporation Samsung C&T Corporation Poland LLC 100.0
Samsung C&T Corporation Samsung C&T (KL) Sdn.,Bhd. 100.0
Samsung C&T Corporation Samsung C&T Malaysia SDN. BHD 100.0
Samsung C&T Corporation Erdsam Co., Ltd. 100.0
Samsung C&T Corporation Samsung Chemtech Vina LLC 51.7
Samsung C&T Corporation Samsung C&T Thailand Co., Ltd 93.0
Samsung C&T Corporation Samsung C&T India Private Limited 100.0
Samsung C&T Corporation Samsung C&T Corporation India Private Limited 100.0
Samsung C&T Corporation Malaysia Samsung Steel Center Sdn.Bhd 70.0
Samsung C&T Corporation Samsung C&T Singapore Pte., Ltd. 100.0
Samsung C&T Corporation S&G Biofuel PTE.LTD 50.5
Samsung C&T Corporation SAMSUNG C&T Mongolia LLC. 70.0
Samsung C&T Corporation Samsung C&T Eng.&Const. Mongolia LLC. 100.0
Samsung C&T Corporation S&WOO CONSTRUCTION PHILIPPINES,INC. 100.0
Samsung C&T Corporation VSSC STEEL CENTER LIMITED LIABILITY COMPANY 70.0
Samsung C&T Corporation Vista Contracting and Investment Global Pte. Ltd. 100.0
Samsung C&T Corporation SAMSUNG CONST. CO. PHILS. 25.0
Samsung C&T Corporation CHEIL HOLDING INC. 40.0
Samsung C&T Corporation Samsung C&T Renewable Energy Australia Pty Ltd 100.0
Samsung C&T Corporation Samsung C&T Hongkong Ltd. 100.0
Samsung C&T Corporation Samsung C&T Taiwan Co., Ltd. 100.0
Samsung C&T Corporation Samsung Precision Stainless Steel(pinghu) Co.,Ltd. 55.0
Samsung C&T Corporation SAMSUNG C&T (SHANGHAI) CO., LTD. 100.0
Samsung C&T Corporation Samsung C&T (Xi'an) Co., Ltd. 100.0
Samsung C&T Corporation WARIS GIGIH ENGINEERING AND TECHNOLOGY SDN. BHD. 30.0
Samsung C&T Corporation SAMSUNG C&T CORPORATION SAUDI ARABIA 100.0
Samsung C&T Corporation SAM Gulf Investment Limited 100.0
Samsung C&T Corporation Samsung C&T Chile Copper SpA 100.0
Samsung C&T Corporation SCNT Power Kelar Inversiones Limitada 100.0
Samsung C&T Corporation Samsung C&T Corporation Rus LLC 100.0
Samsung C&T Corporation Samsung SDI America, Inc. 8.3
Samsung C&T Corporation Samsung SDI(Hong Kong) Ltd. 2.4
Samsung C&T Corporation Beijing Samsung Real Estate Co.. Ltd 10.0
Samsung C&T Corporation CHEIL INDUSTRIES ITALY SRL 100.0
Samsung C&T Corporation Samsung Fashion Trading Co. ,Ltd 100.0
Samsung C&T Corporation SAMSUNG C&T CORPORATION VIETNAM CO., LTD 100.0
Samsung C&T Corporation Samsung C&T Corporation UEM Construction JV Sdn Bhd 60.0
Samsung Welstory WELSTORY VIETNAM COMPANY LIMITED 100.0
Samsung Welstory Shanghai Ever-Hongjun Business Mgt Service Co.,LTD 85.0
Samsung Welstory Shanghai Welstory Food Company Limited 81.6
MULTICAMPUS LANGUAGE TESTING INTERNATIONAL, INC. 82.4
WELSTORY VIETNAM COMPANY LIMITED WELVISTA COMPANY LIMITED 70.0
Pengtai Greater China Company Limited PENGTAI CHINA CO.,LTD. 100.0
Pengtai Greater China Company Limited PengTai Taiwan Co., Ltd. 100.0

PENGTAI CHINA CO.,LTD. PENGTAI E-COMMERCE CO.,LTD 100.0
PENGTAI CHINA CO.,LTD. Beijing Pengtai Borui E-commerce Co.,Ltd. 100.0
PENGTAI INTERACTIVE ADVERTISING CO.,LTD Medialytics Inc. 100.0
PENGTAI INTERACTIVE ADVERTISING CO.,LTD Beijing Pengtai Baozun E-commerce Co., Ltd. 51.0
iMarket Asia Co., Ltd. iMarket China Co., Ltd. 80.0
Samsung Securities Samsung Securities (America), Inc. 100.0
Samsung Securities Samsung Securities (Europe) Limited. 100.0
Samsung Securities Samsung Securities (Asia) Limited. 100.0
Samsung SDS iMarket Asia Co., Ltd. 40.6
Samsung SDS Samsung SDS America, Inc. 100.0
Samsung SDS SAMSUNG SDS GSCL Canada., Ltd. 100.0
Samsung SDS Samsung SDS Europe, Ltd. 100.0
Samsung SDS Samsung SDS Global SCL Hungary, Kft. 100.0
Samsung SDS Samsung SDS Global SCL Slovakia, S.R.O. 100.0
Samsung SDS Samsung SDS Global SCL Poland Sp. Z.o.o. 100.0
Samsung SDS Samsung GSCL Sweden AB 100.0
Samsung SDS Samsung SDS Global SCL France SAS 100.0
Samsung SDS Samsung SDS Global SCL Italy S.R.L. A Socio Unico 100.0
Samsung SDS Samsung SDS Global Supply Chain Logistics Spain S.L.U 100.0
Samsung SDS Samsung SDS Global SCL Netherlands Cooperatief U.A. 100.0
Samsung SDS Samsung SDS Global SCL Germany GmbH 100.0
Samsung SDS Samsung SDS Global SCL Romania S.R.L 100.0
Samsung SDS Samsung SDS Asia Pacific Pte, Ltd. 100.0
Samsung SDS Samsung Data Systems India Private Limited 100.0
Samsung SDS Samsung SDS Vietnam Co., Ltd. 100.0
Samsung SDS PT. Samsung SDS Global SCL Indonesia 100.0
Samsung SDS Samsung SDS Global SCL Philippines Co., Ltd.Inc. 100.0
Samsung SDS Samsung SDS Global SCL Thailand Co.,Ltd 100.0
Samsung SDS SAMSUNG SDS MALAYSIA SDN. BHD. 100.0
Samsung SDS SAMSUNG SDS Global SCL Austraila Pty.,Ltd. 100.0
Samsung SDS SDS-ACUTECH CO., Ltd. 50.0
Samsung SDS ALS SDS Joint Stock Company 51.0
Samsung SDS SDS-MP Logistics Joint Stock Company 51.0
Samsung SDS Samsung SDS China Co., Ltd. 100.0
Samsung SDS Samsung SDS Global SCL Hong Kong Co., Ltd. 100.0
Samsung SDS SAMSUNG SDS Global SCL Egypt 100.0
Samsung SDS Samsung SDS Global SCL South Africa (PTY) Ltd. 100.0
Samsung SDS Samsung SDS Global SCL Nakliyat ve Lojistik Anonim Sirketi 100.0
Samsung SDS Samsung SDS Global Supply Chain Logistics Middle East DWC-LLC 100.0
Samsung SDS Samsung SDS Latin America Solucoes Em Tecnologia Ltda. 99.7
Samsung SDS INTE-SDS Logistics S.A. de C.V. 51.0
Samsung SDS Samsung SDS Rus Limited Liability Company 100.0
Samsung SDS America, Inc. Samsung SDS Mexico, S.A. DE C.V. 99.0
Samsung SDS America, Inc. Samsung SDS Global SCL Panama S.A. 100.0
Samsung SDS America, Inc. Samsung SDS Global SCL Chile Limitada 100.0
Samsung SDS America, Inc. Samsung SDS Global SCL Peru S.A.C 100.0
Samsung SDS America, Inc. Samsung SDS Global SCL Colombia S.A.S 100.0
Samsung SDS America, Inc. Samsung SDS Latin America Solucoes Em Tecnologia Ltda. 0.3
Samsung SDS Europe, Ltd. Samsung SDS Global SCL Netherlands Cooperatief U.A. 0.0

Samsung SDS Global SCL Netherlands Cooperatief U.A. Samsung SDS Global SCL Poland Sp. Z.o.o. 0.0
Samsung SDS Global SCL Netherlands Cooperatief U.A. Samsung SDS Global SCL Romania S.R.L 0.0
Samsung SDS Global SCL Netherlands Cooperatief U.A. Samsung SDS Rus Limited Liability Company 0.0
Samsung Engineering Samsung Engineering America Inc. 100.0
Samsung Engineering Samsung Project Management Inc. 100.0
Samsung Engineering Samsung Engineering Hungary Ltd. 100.0
Samsung Engineering Samsung Engineering Italy S.R.L. 100.0
Samsung Engineering Samsung Engineering (Malaysia) SDN. BHD. 100.0
Samsung Engineering PT Samsung Engineering Indonesia Co., Ltd. 100.0
Samsung Engineering Samsung Engineering (Thailand) Co., Ltd. 81.0
Samsung Engineering Samsung Engineering India Private Limited 100.0
Samsung Engineering Samsung Engineering Vietnam Co., Ltd. 100.0
Samsung Engineering Samsung Engineering Global Private Limited 100.0
Samsung Engineering Samsung Engineering Construction(Shanghai) Co., Ltd 100.0
Samsung Engineering Samsung Engineering Construction Xi' an Co., Ltd. 100.0
Samsung Engineering Samsung Saudi Arabia Co., Ltd. 100.0
Samsung Engineering Muharraq Wastewater Services Company W.L.L. 99.8
Samsung Engineering Muharraq STP Company B.S.C. 6.6
Samsung Engineering Muharraq Holding Company 1 Ltd. 65.0
Samsung Engineering Samsung Ingenieria Mexico Construccion Y Operacion S.A. De C.V. 99.9
Samsung Engineering Samsung Engineering Trinidad Co., Ltd. 100.0
Samsung Engineering Samsung Ingenieria Manzanillo, S.A. De C.V. 99.9
Samsung Engineering Grupo Samsung Ingenieria Mexico, S.A. De C.V. 100.0
Samsung Engineering Samsung Ingenieria Energia S.A. De C.V. 100.0
Samsung Engineering Samsung Engineering Bolivia S.A 100.0
Samsung Engineering Samsung Ingenieria DUBA S.A. de C.V. 100.0
Samsung Engineering Samsung Engineering Kazakhstan L.L.P. 100.0
Samsung Engineering America Inc. SEA Construction, LLC 100.0
Samsung Engineering America Inc. SEA Louisiana Construction, L.L.C. 100.0
Samsung Engineering (Malaysia) SDN. BHD. Muharraq Wastewater Services Company W.L.L. 0.3
Samsung Engineering India Private Limited Samsung Engineering Global Private Limited 0.0
Samsung Engineering India Private Limited Samsung Saudi Arabia Co., Ltd. 0.0
Samsung Saudi Arabia Co., Ltd. Samsung EPC Company Ltd. 75.0
Muharraq Holding Company 1 Ltd. Muharraq Holding Company 2 Ltd. 100.0
Muharraq Holding Company 2 Ltd. Muharraq STP Company B.S.C. 89.9
Samsung Ingenieria DUBA S.A. de C.V. Asociados Constructores DBNR, S.A. de C.V. 49.0
S1 Corporation S-1 CORPORATION HUNGARY LLC 100.0
S1 Corporation S-1 CORPORATION VIETNAM CO., LTD 100.0
S1 Corporation Samsung Beijing Security Systems 100.0
Cheil Worldwide Pengtai Greater China Company Limited 98.8
Cheil Worldwide PENGTAI INTERACTIVE ADVERTISING CO.,LTD 100.0
Cheil Worldwide Cheil USA Inc. 100.0
Cheil Worldwide Cheil Central America Inc. 100.0
Cheil Worldwide Iris Worldwide Holdings Limited 100.0
Cheil Worldwide CHEIL EUROPE LIMITED 100.0
Cheil Worldwide Cheil Germany GmbH 100.0
Cheil Worldwide Cheil France SAS 100.0
Cheil Worldwide CHEIL SPAIN S.L 100.0
Cheil Worldwide Cheil Benelux B.V. 100.0

Cheil Worldwide Cheil Nordic AB 100.0
Cheil Worldwide Cheil India Private Limited 100.0
Cheil Worldwide Cheil (Thailand) Ltd. 100.0
Cheil Worldwide Cheil Singapore Pte. Ltd. 100.0
Cheil Worldwide CHEIL VIETNAM COMPANY LIMITED 99.0
Cheil Worldwide Cheil Integrated Marketing Philippines, Inc. 100.0
Cheil Worldwide CHEIL MALAYSIA SDN. BHD. 100.0
Cheil Worldwide Cheil New Zealand Limited 100.0
Cheil Worldwide Cheil Worldwide Australia Pty Ltd 100.0
Cheil Worldwide CHEIL CHINA 100.0
Cheil Worldwide Cheil Hong Kong Ltd. 100.0
Cheil Worldwide Caishu (Shanghai) Business Consulting Co., Ltd 100.0
Cheil Worldwide Cheil MEA FZ-LLC 100.0
Cheil Worldwide Cheil South Africa (Pty) Ltd 100.0
Cheil Worldwide CHEIL KENYA LIMITED 99.0
Cheil Worldwide Cheil Communications Nigeria Ltd. 99.0
Cheil Worldwide Cheil Worldwide Inc./Jordan LLC. 100.0
Cheil Worldwide Cheil Ghana Limited 100.0
Cheil Worldwide Cheil Egypt LLC 99.9
Cheil Worldwide Cheil Maghreb LLC 100.0
Cheil Worldwide Cheil Brasil Comunicacoes Ltda. 100.0
Cheil Worldwide Cheil Mexico, S.A. de C.V. 98.0
Cheil Worldwide Cheil Chile SpA. 100.0
Cheil Worldwide Cheil Peru S.A.C. 100.0
Cheil Worldwide CHEIL ARGENTINA S.A. 98.0
Cheil Worldwide Cheil Rus LLC 100.0
Cheil Worldwide Cheil Ukraine LLC 100.0
Cheil Worldwide Cheil Kazakhstan LLC 100.0
Hotel Shilla Samsung Hospitality America Inc. 100.0
Hotel Shilla Shilla Travel Retail Pte. Ltd. 100.0
Hotel Shilla Samsung Shilla Business Service Beijing Co., Ltd. 100.0
Hotel Shilla Shilla Travel Retail Hong Kong Limited 100.0
HDC Shilla Duty Free LTD HDC SHILLA (SHANGHAI) CO., LTD 100.0
SBTM Samsung Hospitality U.K. Ltd. 100.0
SBTM Samsung Hospitality Europe GmbH 100.0
SBTM SAMSUNG HOSPITALITY ROMANIA SRL 100.0
SBTM Samsung Hospitality Vietnam Co., Ltd. 99.0
SBTM Samsung Hospitality Philippines Inc. 100.0
SBTM Samsung Hospitality India Private Limited 100.0
Samsung Venture Investment Samsung Venture Investment (Shanghai) Co., Ltd. 100.0
Iris Americas, Inc. Iris (USA) Inc. 100.0
Iris Americas, Inc. Iris Atlanta, Inc. 100.0
Iris Americas, Inc. 89 Degrees, Inc. 100.0
Cheil USA Inc. The Barbarian Group LLC 100.0
Cheil USA Inc. McKinney Ventures LLC 100.0
Cheil USA Inc. Cheil India Private Limited 0.0
Cheil USA Inc. Cheil Mexico, S.A. de C.V. 2.0
Iris Worldwide Holdings Limited Iris Nation Worldwide Limited 100.0
Iris Nation Worldwide Limited Iris Americas, Inc. 100.0

Iris Nation Worldwide Limited Irisnation Latina No.2, S. de R.L. de C.V. 100.0
Iris Nation Worldwide Limited Irisnation Latina, S. de R.L. de C.V. 100.0
Iris Nation Worldwide Limited Pricing Solutions Ltd 100.0
Iris Nation Worldwide Limited Iris London Limited 100.0
Iris Nation Worldwide Limited Iris Promotional Marketing Ltd 100.0
Iris Nation Worldwide Limited Iris Ventures 1 Limited 100.0
Iris Nation Worldwide Limited Founded Partners Limited 100.0
Iris Nation Worldwide Limited Iris Digital Limited 100.0
Iris Nation Worldwide Limited Iris Amsterdam B.V. 100.0
Iris Nation Worldwide Limited Iris Ventures (Worldwide) Limited 100.0
Iris Nation Worldwide Limited WDMP Limited 49.0
Iris Nation Worldwide Limited Iris Services Limited Dooel Skopje 100.0
Iris Nation Worldwide Limited Irisnation Singapore Pte. ltd. 100.0
Iris Nation Worldwide Limited Iris Worldwide Integrated Marketing Private Limited 100.0
Iris Nation Worldwide Limited Iris Sydney PTY Ltd 100.0
Iris Nation Worldwide Limited Iris Worldwide (Thailand) Limited 100.0
Iris London Limited Iris Partners LLP 100.0
Iris Promotional Marketing Ltd Holdings BR185 Limited 100.0
Iris Ventures 1 Limited Iris Germany GmbH 100.0
Founded Partners Limited Founded, Inc. 100.0
Iris Germany GmbH Pepper NA, Inc. 100.0
CHEIL EUROPE LIMITED Beattie McGuinness Bungay Limited 100.0
CHEIL EUROPE LIMITED Cheil Italia S.r.l 100.0
Cheil Germany GmbH Cheil Austria GmbH 100.0
Cheil Germany GmbH Centrade Integrated SRL 100.0
Centrade Integrated SRL Centrade Cheil HU Kft. 100.0
Centrade Integrated SRL Centrade Cheil Adriatic D.O.O. 100.0
Cheil India Private Limited Experience Commerce Software Private Limited 100.0
Cheil Singapore Pte. Ltd. PT. CHEIL WORLDWIDE INDONESIA 100.0
Cheil Integrated Marketing Philippines, Inc. Cheil Philippines Inc. 30.0
Shilla Travel Retail Pte. Ltd. Shilla Retail Plus Pte. Ltd. 100.0
Samsung Shilla Business Service Beijing Co., Ltd. Tianjin Samsung International Travel Service Co., Ltd 100.0
Shilla Travel Retail Hong Kong Limited Shilla Retail Limited 100.0
Shilla Travel Retail Hong Kong Limited BNY Trading Hong Kong Limited 100.0
Cheil MEA FZ-LLC One Agency FZ-LLC 100.0
Cheil MEA FZ-LLC One RX Project Management Design and Production Limited Company 0.0
Cheil MEA FZ-LLC Cheil Egypt LLC 0.1
Cheil South Africa (Pty) Ltd CHEIL KENYA LIMITED 1.0
Cheil South Africa (Pty) Ltd Cheil Communications Nigeria Ltd. 1.0
One Agency FZ-LLC ONE RETAIL EXPERIENCE KOREA LIMITED 100.0
One Agency FZ-LLC One RX India Private Limited 100.0
One Agency FZ-LLC One RX Project Management Design and Production Limited Company 100.0
One Agency FZ-LLC ONE RX INTERIOR DECORATION L.L.C 100.0
One Agency FZ-LLC ONE AGENCY PRINTING L.L.C 100.0
ONE RX INTERIOR DECORATION L.L.C One RX India Private Limited 0.0
Holdings BR185 Limited Brazil 185 Participacoes Ltda 100.0
Brazil 185 Participacoes Ltda Iris Router Marketing Ltda 100.0
Cheil Brasil Comunicacoes Ltda. CHEIL ARGENTINA S.A. 2.0

C. Related statute & regulation
Restrictions on cross-holdings within Samsung Group in accordance with the Monopoly Regulation and Fair Trade Act
(1) Date of announcement by authorities of companies deemed Samsung Group companies for the current year:
May 1, 2023
(2) Summary of Regulation
- Restriction on cross-holdings
- Restriction on debt guarantee between affiliates
- Restriction on affiliate voting rights of financial & insurance companies
- Decision making of board committee and public disclosure of large-scale inter-affiliate transactions
- Public disclosure of important matters of unlisted companies
- Other public disclosures related to Group status
D. Concurrent position with other affiliates
Concurrent position
Name Position Name of company Position Full/part time
Yong-kwan Kim Executive VP Samsung Medison Representative Director Full time
Samsung Electronics Sales Auditor Part time
Keun-sung Yook Executive VP Samsung Electronics Logitech Auditor Part time
Samsung Electronics Service Auditor Part time
Kyu-tae Yoo Executive VP Samsung Medison Internal Director Full time
Han-jong Yoo VP Samsung Global Research Auditor Part time
Khi-jae Cho Executive VP Samsung Display Auditor Part time
Jong-hoon Oh Executive VP SEMES Auditor Part time
Hee-don Hwang Executive VP SEMES Non-Executive director Part time
Doug-yong Sung Executive VP SEMES Non-Executive director Part time
Jae-kyun Oh Executive VP STECO Auditor Part time
Dong-wook Park VP STECO Non-Executive director Part time
Chi-hoon Lee VP Mirero System Non-Executive director Part time

E. Equity investments in other corporations
The total book value of equity investments in other corporations as of December 31, 2023 is KRW 59,247 billion
(for the purpose of management participation, etc.)
(As of December 31, 2023) (KRW Million)

No. of investees Invested amount
Investment Increase(decrease)
Purpose Beginning Ending
Listed Unlisted Total Acquisition Valuation
Balance Balance
(Disposal) gain(loss)
Management
21 81 102 58,678,404 -35,500 535,650 59,178,554
Participation
General
- - - - - - -
Investment
Simple
5 31 36 83,453 -861 -14,204 68,388
Investment
26 112 138 58,761,857 -36,361 521,446 59,246,942

X. Transactions with Affiliates and Subsidiaries
1. Credit offerings for affiliates and subsidiaries
As of December 31, 2023, SEC provides a debt guarantee for financing of subsidiaries, including Samsung Electronics
America, Inc. (SEA) and other subsidiaries as listed below. (USD
thousand)
Limit of guarantee Transactions Interest
Guarantee Guarantee
Company Relationship Creditor Type Purpose Beginning End of period Beginning Increase/ End of Rate
start date expiry date
of period of period decrease period (%)
Payment Operating
SEA Subsidiary BOA etc. Apr 16, 2023 Dec 16, 2024 1,278,000 1,278,000 - - -
guarantee fund
Payment Operating
SEM Subsidiary BBVA etc. Mar 28, 2023 Dec 16, 2024 715,000 715,000 - - -
guarantee fund
Payment Operating
SAMCOL Subsidiary Citibank etc. Jun 14, 2023 Dec 16, 2024 210,000 210,000 - - -
guarantee fund
BRADESCO Payment Operating
SEDA Subsidiary Oct 01, 2023 Dec 16, 2024 409,000 329,000 - - -
etc. guarantee fund
Payment Operating
SECH Subsidiary Citibank etc. Jun 14, 2023 Dec 16, 2024 62,000 62,000 - - -
guarantee fund
Payment Operating
SEPR Subsidiary BBVA etc. Jun 01, 2023 Dec 16, 2024 150,000 150,000 - - -
guarantee fund
Payment Operating
SSA Subsidiary SCB etc. Jun 14, 2023 Dec 16, 2024 318,000 318,000 - - -
guarantee fund
Payment Operating
SEMAG Subsidiary SocGen etc. Nov 09, 2023 Dec 16, 2024 110,000 96,000 - 8,065 8,065 5.0%
guarantee fund
Payment Operating
SETK Subsidiary BNP etc. Jun 14, 2023 Dec 16, 2024 777,000 917,000 239,395 81,498 320,893 48.8%
guarantee fund
Payment Operating
SETK-P Subsidiary BNP etc. Nov 09, 2023 Dec 16, 2024 130,000 70,000 25,649 -25,649 -
guarantee fund
Payment Operating
SECE Subsidiary Citibank Dec 17, 2023 Dec 16, 2024 60,000 114,000 - - -
guarantee fund
Payment Operating
SEEG Subsidiary HSBC Jun 14, 2023 Jun 13, 2024 85,000 85,000 - - -
guarantee fund
Payment Operating
SEIN Subsidiary BNP etc. Jun 14, 2023 Nov 08, 2024 70,000 70,000 - - -
guarantee fund
Mizuho Payment Operating
SJC Subsidiary Apr 28, 2023 Dec16, 2024 832,572 835,508 - - -
Bank etc. guarantee fund
Credit Payment Operating
SEUC Subsidiary Jun 14, 2023 Dec 16, 2024 150,000 125,000 - - -
Agricole etc. guarantee fund
Payment Operating
SEDAM Subsidiary Citibank etc. Jun 14, 2023 Dec 16, 2024 537,000 537,000 155,768 -155,768 -
guarantee fund
Payment Operating
SECA Subsidiary BoA Nov 09, 2023 Nov 08, 2024 70,000 70,000 - - -
guarantee fund
Payment Operating
SELA Subsidiary Citibank Dec 17, 2023 Dec 16, 2024 60,000 60,000 - - -
guarantee fund
Payment Operating
SEEH Subsidiary HSBC etc. Jun 14, 2023 Dec 16, 2024 888,400 888,400 - - -
guarantee fund
Payment Operating
SERK Subsidiary SMBC Jun 14, 2023 Dec 16, 2024 45,000 - - - -
guarantee fund
Payment Operating
SELV Subsidiary Citibank Dec 17, 2023 Dec 16, 2024 10,000 10,000 - - -
guarantee fund
Payment Operating
SEIL Subsidiary Citibank Dec 17, 2023 Dec 16, 2024 15,600 15,600 9,664 -9,664 -
guarantee fund
Payment Operating
SAPL Subsidiary BOA etc. Jun 14, 2023 Dec 16, 2024 404,000 404,000 - - -
guarantee fund
Payment Operating
SAVINA Subsidiary HSBC Jun 14, 2023 Jun 13, 2024 51,000 51,000 - - -
guarantee fund
Payment Operating
SCIC Subsidiary HSBC etc. Jun 14, 2023 Dec 16, 2024 300,000 270,000 - - -
guarantee fund
Payment Operating
SESP Subsidiary SCB. Nov 09, 2023 Nov 08, 2024 - 30,000 - - -
guarantee fund
Payment Operating
SME Subsidiary SCB Nov 09, 2023 Nov 08, 2024 110,000 110,000 - - -
guarantee fund
Payment Operating
SAMEX Subsidiary Citibank Dec 17, 2023 Dec 16, 2024 5,000 5,000 - - -
guarantee fund
Payment Operating
SEASA Subsidiary Citibank Dec 17, 2023 Dec 16, 2024 2,000 2,000 - - -
guarantee fund
Payment Operating
SSAP Subsidiary SCB Nov 09, 2023 Nov 08, 2024 35,000 35,000 - - -
guarantee fund

Limit of guarantee Transactions Interest
Guarantee Guarantee
Company Relationship Creditor Type Purpose Beginning End of period Beginning Increase/ End of Rate
start date expiry date
of period of period decrease period (%)
Payment Operating
SEPM Subsidiary HSBC Jun 14, 2023 Jun 13, 2024 35,000 35,000 - - -
guarantee fund
Payment Operating
SESAR Subsidiary HSBC Jun 14, 2023 Jun 13, 2024 20,000 20,000 - - -
guarantee fund
Payment Operating
SEUZ Subsidiary Citibank Dec 17, 2023 Dec 16, 2024 - 10,000
guarantee fund
AdGear
Payment Operating
Technologies Subsidiary BOA Nov 09, 2023 Nov 08, 2024 2,000 2,000 - - -
guarantee fund
Inc.
Harman
Payment Operating
International Subsidiary JP Morgan Jun 14, 2023 Jun 13, 2024 100,000 100,000 - - -
guarantee fund
Industries, Inc.
Harman
Payment Operating
International Subsidiary MUFG Nov 09, 2023 Nov 08, 2024 25,000 25,000 - - -
guarantee fund
Japan Co., Ltd.
Harman
Payment Operating
Holding Subsidiary HSBC Jun 14, 2023 Jun 13, 2024 30,000 30,000 - - -
guarantee fund
Limited
Harman do
Brasil Industria
Eletronica e
Participacoes
Ltda.
Payment Operating
Harman da Subsidiary SocGen Nov 09, 2023 Nov 08, 2024 15,000 15,000 - - -
guarantee fund
Amazonia
Industria
Eletronica e
Participacoes
Ltda.
Harman
International Payment Operating
Subsidiary HSBC Jun 14, 2023 Jun 13, 2024 30,000 30,000 - - -
Industries guarantee fund
Limited
Total 8,146,572 8,129,508 430,476 -101,518 328,958
Separate basis.
The approval decision is resolved by the Management Committee when the guarantee amount per transaction is between 0.1% and/or less than 2.5%,
and by the Board of Directors when the guarantee amount per transaction is 2.5% and above.
SEC receives fees on the debt it guarantees depending on the maturity date of each debt guarantee, general loan interest rate, etc.
In 2023, the Company claimed approximately USD 2,141,000 in guarantee fees and has not collected the amount as of end-2023.

2. Acquisitions and disposals of assets with affiliates and subsidiaries
In 2023, the Company sold assets to affiliates, including Samsung (China) Semiconductor Co., Ltd. (SCS), to increase
production capacity of such affiliates. Also, the Company acquired assets including facility equipment from affiliates to
improve efficiency of production.
(KRW mil)
Purpose of Gain or loss
Company Relationship Transaction type Transaction date1) Asset Amount2)
transaction on disposal
Enhance capacity and
SCS Affiliates Asset sale/purchase Oct 31, 2023 Machinery, etc. 50,521 26,222
production efficiency
SDC Affiliates Asset purchase Nov 1, 2023 Machinery, etc. 10,406 -
SESS Affiliates Asset sale/purchase Dec 24, 2023 Machinery, etc. 6,285 785
SAS Affiliates Asset sale/purchase Dec 19, 2023 Machinery, etc. 6,267 2,014
SEHC Affiliates Asset sale Nov 21, 2023 Machinery, etc. 4,102 77
TSLED Affiliates Asset sale/purchase Nov 23, 2023 Machinery, etc. 973 601
SEV Affiliates Asset sale/purchase Oct 30, 2023 Machinery, etc. 792 -4
SEVT Affiliates Asset sale/purchase Dec 19, 2023 Machinery, etc. 787 148
SIEL Affiliates Asset sale Aug 4 2023 Machinery, etc. 210 38
SESK Affiliates Asset sale Jul 5, 2023 Machinery, etc. 153 -
Separate basis
The above acquisition and disposal transactions of assets are not subject to the Board’s approval.
1) Most recent transaction.
2) Properly calculated by an appropriate method based upon market value assessment. Transaction was made under normal conditions (e.g., terms of
cash payment within the 15th, 30th of the following month of transaction).
Transactions worth less than KRW 100 million were excluded according to Corporate Disclosure Guidelines.
3. Business transactions with affiliates and subsidiaries

In 2023, the Company had transactions (e.g., sales and purchases) with affiliates, including Samsung Electronics America,
Inc. (SEA) (KRW mil)
Company Relationship Type of transaction Date Details Amount
Smartphone, consumer
SEA Affiliates Sales, purchases, etc. Jan 2023–Dec 2023 30,103,325
electronics, etc.
SEVT Affiliates Sales, purchases, etc. Jan 2023–Dec 2023 Smartphone, etc. 24,383,553
SSI Affiliates Sales, purchases, etc. Jan 2023–Dec 2023 Semiconductor, etc 22,270,145
SEV Affiliates Sales, purchases, etc. Jan 2023–Dec 2023 Smartphone, etc 15,686,195
SSS Affiliates Sales, purchases, etc. Jan 2023–Dec 2023 Semiconductor, etc 13,520,403

Separate basis; Transactions worth 5% and above of revenue of the current business year are subject to public disclosure.
4. Transactions with stakeholders other than affiliates and subsidiaries

As of December 31, 2023, the Company’s outstanding loan amount is KRW 135.3 billion related to support for supplier
companies for product competitiveness and mutual development as well as home loan and educational expenses for
employee welfare.
(KRW mil)
Loans
Transaction
Company Relationship Beginning of
Account title End of period
period Change
(Dec 31, 2023)
(Jan 1, 2023)
Elentec Co., Ltd., Partner company and
Short-term loans 47,161 -1,092 46,069
etc. employee
Partner company and
Daeduk Elec., etc. Long-term loans 92,898 -3,645 89,253
employee
Total 140,059 -4,737 135,322
Separate basis; amounts reflect the discounted present value of debts before accounting for impaired debts (impairment losses).

XI. Other Information
1. Changes in public disclosure
- N/A
2. Contingent liabilities
A. Litigation
The Company is involved in various claims, disputes, and investigations conducted by regulatory bodies, which arose during
the normal course of business with numerous entities. Although the outflow of resources and timing of these matters are
uncertain, as of the reporting date, the Company believes the outcome will not have a material impact on the financial
position of the Company.
Samsung Electronics and its spun-off companies, including SDC, are liable to fulfill in solidarity the debts of SDC which
relate to the periods prior to SDC’s separation from the Company.
For information related to other contingent liabilities and commitments, see retained earnings in 『3. Notes to consolidated
financial statements』 and 『5. Notes to non-consolidated financial statements』 in 『Ⅲ. Financial Affairs』.
B. Guarantees
(USD thousand)
Limit of
Company Relationship Creditor Beginning End of
Expiry date Increase Decrease guarantee
of period period
SEA Subsidiary BOA etc. 16-Dec-24 - - - - 1,278,000
SEM Subsidiary BBVA etc. 16-Dec-24 - - - - 715,000
SAMCOL Subsidiary Citibank etc. 16-Dec-24 - - - - 210,000
SEDA Subsidiary BRADESCO etc. 16-Dec-24 - - - - 329,000
SECH Subsidiary Citibank etc. 16-Dec-24 - - - - 62,000
SEPR Subsidiary BBVA etc. 16-Dec-24 - - - - 150,000
SSA Subsidiary SCB etc. 16-Dec-24 - - - - 318,000
SEMAG Subsidiary SocGen etc. 16-Dec-24 - 8,065 - 8,065 96,000
SETK Subsidiary BNP etc. 16-Dec-24 239,395 81,498 320,893 917,000
SETK-P Subsidiary BNP etc. 16-Dec-24 25,649 - -25,649 - 70,000
SECE Subsidiary Citibank etc. 16-Dec-24 - - - - 114,000
SEEG Subsidiary HSBC 13-Jun-24 - - - - 85,000
SEIN Subsidiary BNP etc. 08-Nov-24 - - - - 70,000
SJC Subsidiary Mizuho Bank etc. 16-Dec-24 - - - - 835,508
SEUC Subsidiary Credit Agricole etc. 16-Dec-24 - - - - 125,000
SEDAM Subsidiary Citibank etc. 16-Dec-24 155,768 - -155,768 - 537,000
SECA Subsidiary BoA 08-Nov-24 - - - - 70,000
SELA Subsidiary Citibank 16-Dec-24 - - - - 60,000
SEEH Subsidiary HSBC etc. 16-Dec-24 - - - - 888,400
SERK Subsidiary SMBC 16-Dec-24 - - - - -
SELV Subsidiary Citibank 16-Dec-24 - - - - 10,000
SEIL Subsidiary Citibank 16-Dec-24 9,664 - -9,664 - 15,600
SAPL Subsidiary BOA etc. 16-Dec-24 - - - - 404,000
SAVINA Subsidiary HSBC 13-Jun-24 - - - - 51,000
SCIC Subsidiary HSBC etc. 16-Dec-24 - - - - 270,000
SESP Subsidiary SCB 08-Nov-24 - - 30,000
SME Subsidiary SCB 08-Nov-24 - - - - 110,000
Limit of
Company Relationship Creditor Beginning End of
Expiry date Increase Decrease guarantee
of period period
SAMEX Subsidiary Citibank 16-Dec-24 - - - - 5,000
SEASA Subsidiary Citibank 16-Dec-24 - - - - 2,000
SSAP Subsidiary SCB 08-Nov-24 - - - - 35,000
SEPM Subsidiary HSBC 13-Jun-24 - - - - 35,000
SESAR Subsidiary HSBC 13-Jun-24 - - - - 20,000
SEUZ Subsidiary Citibank 16-Dec-24 - - - - 10,000
AdGear Technologies Inc. Subsidiary BOA 08-Nov-24 - - - - 2,000
Harman International Industries, Inc. Subsidiary JP Morgan 13-Jun-24 - - - - 100,000
Harman International Japan Co., Ltd. Subsidiary MUFG 08-Nov-24 - - - - 25,000
Harman Holding Limited Subsidiary HSBC 13-Jun-24 - - - - 30,000
Harman do Brasil Industria Eletronica e Participacoes Ltda.
Subsidiary SocGen 08-Nov-24 - - - - 15,000
Harman da Amazonia Industria Eletronica e Participacoes Ltda.
Harman International Industries Limited Subsidiary HSBC 13-Jun-24 - - - - 30,000
SDN Subsidiary SIEL 19-Feb-26 513,366 - -2,389 510,977 601,149
Date of debt
SAS Subsidiary Epcor - - - - 340,000
expiration
DOWOOINSYS VINA COMPANY LIMITED Subsidiary ANZ 09-Nov-25 20,000 - - 20,000 20,000
Total 963,842 89,563 -193,470 859,935 9,090,657
Consolidated basis.
Debt guarantees for SDN are provided by SDC, SAS by SEA, and DOWOOINSYS VINA COMPANY LIMITED by Dowooinssys Co., Ltd.
SEC requires Board approval for individual guarantees exceeding 2.5% of total equity; the approval decision is delegated to the Management Committee
when the guarantee amount is between 0.1% and/or less than 2.5%.
SDC requires Board approval for individual guarantees over KRW 10,000 million. In 2023, the Company claimed approximately USD 2,141,000 in
guarantee fees and has not collected the amount as of end-2023.
In 2023, Samsung Display Co., Ltd. claimed approximately USD 3,066,000 in guarantee fees to SDN and has not collected the amount as of end-2023.
3. Sanctions and others

A. Sanctions of investigative and judicial agencies
[Summary]
(KRW mil)
Amount of Amount of
Punishment
Date Agency Subject monetary embezzlement/breach Relevant laws
or measure
sanction of trust
Jan Seoul High
Employees Act on the Aggravated Punishment,
25, Court Imprisonment - Approximately 8,681
of SEC etc. of Specific Economic Crimes
2021 (Retrial)
Employees Articles 90, 81, etc., of the Trade Union
Imprisonment - -
of SEC and Labor Relations Adjustment Act
Supreme Subsidiary
Feb 4, and Articles 90, 81, etc., of the Trade Union
Court of
2021 employees Fine, and Labor Relations Adjustment Act,
Korea 50 -
(Samsung Imprisonment Article 10 of the Punishment of Tax
Electronics Offenses Act
Service)
Article 33 Paragraph 7, Article 34,
Jul 7, Gwangju Employees Article 18 Paragraph 1, etc., of the
Fine 6 -
2022 District Court of SEC Environmental Testing and Inspection
Act

Amount of Amount of
Punishment
Date Agency Subject monetary embezzlement/breach Relevant laws
or measure
sanction of trust
Article 10 Paragraph 1 of the former
Feb 9, Gwangju Employees Occupational Safety and Health Act,
Fine 25 -
2023 District Court of SEC Article 57 Paragraph 1 of the
Occupational Safety and Health Act, etc.
Regarding matters related to the allegations of violation of the Act on the Aggravated Punishment, etc., of Specific
Economic Crimes (embezzlement) by five of the Company’s executives (Vice Chairman Jae-yong Lee, former Vice
Chairman Gee-sung Choi, former President Choong-ki Chang, former President Sang-jin Park, and former Senior Vice
President Seong-soo Hwang) in the case of an influence-peddling scandal involving South Korea’s president, the Supreme
Court of Korea on August 29, 2019 rejected part of a lower court’s ruling and ordered a retrial to the Seoul High Court.
On January 18, 2021 at the retrial, the Seoul High Court sentenced Vice Chairman Jae-yong Lee, former Vice Chairman
Gee-sung Choi, and former President Choong-ki Chang each to 2 years and 6 months in prison. Former President Sang-jin
Park and former Senior Vice President Seong-soo Hwang each received sentences of 2 years and 6 months in prison and a
4-year suspended sentence. The judgments were confirmed on January 25, 2021. On August 15, 2022, under the Amnesty
Act, the Ministry of Justice granted a special amnesty to strictly selected key economic figures who lead the nation’s
growth, which included Vice Chairman Jae-yong Lee. Chairman on October 2022 to strengthen future technology
investment and global partnerships.
Meanwhile, to prevent recurrences, the Company has strengthened its process regarding external contributions and newly
established the Samsung Compliance Committee, an external and independent organization.
On February 4, 2021, the Supreme Court dismissed an appeal regarding the violation of Articles 90 and 81 of the Trade
Union and Labor Relations Adjustment Act by SEC and employees of SEC and confirmed the sentences of 1 year and 4
months for Executive Vice President A (29 service years), 1 year and 2 months and a 2-year suspended sentence for former
Executive Vice President B, 10 months and a 2-year suspended sentence for Executive Vice President C (34 service years),
1 year and a 2-year suspended sentence for former Executive Vice President D, 1 year for Senior Vice President E (32
service years), 1 year and 2 months and a 2-year suspended sentence for Senior Vice President F (24 service years), 10
months and a 2-year suspended sentence for Vice President G (27 service years), 10 months and a 2-year suspended sentence
for Vice President H (18 service years) as ordered by the Seoul High Court on August 10, 2020; and SEC and former SEC
Chairman of the Board (39 service years) were pronounced not guilty. Moreover, regarding the violation of Articles 90 and
81 of the Trade Union and Labor Relations Adjustment Act and violation of Article 10 of the Punishment of Tax Offenses
Act with regard to receiving fake tax invoices (amount of violation approximately KRW 1,678 million) by Samsung
Electronics Service and employees, the court issued a penalty of KRW 50 million for Samsung Electronics Service (amount
of tax collected is approximately KRW 97 million), and confirmed sentencing of prison terms for Samsung Electronics
Service’s former CEO (4 service years) of 1 year and 4 months, Senior Vice President I (11 service years) of 1 year, Vice
President J (21 service years) of 10 months and a 2-year suspended sentence.
To prevent recurrence, the Company has specified the guarantee of labor’s three primary rights in the code of conduct and
provides education on the prevention of unfair labor practices to all employees.
On January 20, 2021, the Suncheon Branch of Gwangju District Court ordered SEC employees A (11 service years) and B
(8 service years) to pay a fine of KRW 3 million each for violating Article 18, etc., of the Environmental Testing and
Inspection Act, and on July 7, 2022 at the retrial, the Gwangju District Court dismissed the appeal. To prevent recurrence,
the Company is conducting regular cross measurement, etc.
On February 9, 2023, the Gwangju District Court issued a summary order against SEC and five SEC employees for
violations of Article 10 Paragraph 1 of the former Occupational Safety, Health Act, Article 57 Paragraph 1 of the
Occupational Safety and Health Act, etc. Neither the Company nor the five employees applied for a formal trial, thus
resulting in the confirmation of the summary order (with fine of KRW 15 million for SEC and KRW 2 million for each
employee), and the Company has subsequently paid the fine. As part of SEC’s efforts to prevent recurrence of such issues,
the Company has provided special education for Environmental Safety Managers and Supervisors to ensure compliance
with the relevant regulations.
B. Sanctions of administrative agencies

(1) Sanctions of Fair Trade Commission (FTC)
[Summary]
(KRW mil)
Amount of
Punishment or
Date Agency Subject monetary Reasons and relevant laws
measure
sanction
SEC and
Jun 22, Article 23 (Prohibition on Unfair Trade Practices) Paragraph 1
FTC employees of Prosecution charge -
2021 Subparagraph 7 of the Monopoly Regulation and Fair Trade Act
SEC
Corrective measure, Article 23 (Prohibition on Unfair Trade Practices) Paragraph 1
SEC 101,217
penalty surcharge Subparagraph 7 of the Monopoly Regulation and Fair Trade Act
Aug 27,
FTC Subsidiary
2021 Corrective measure, Article 23 (Prohibition on Unfair Trade Practices) Paragraph 1
(Samsung 22,857
penalty surcharge Subparagraph 7 of the Monopoly Regulation and Fair Trade Act
Display)
Subsidiary
Nov 17, (Samsung Article 11-4 (Disclosure of Status of Business Groups) of the
FTC Fine 2.4
2021 Electronics Monopoly Regulation and Fair Trade Act
Service CS)
Article 31 (Designation of Business Groups Subject to
Mar 17, Employees of
FTC Warning - Limitations on Cross Shareholding) Paragraph 4 of the
2022 SEC
Monopoly Regulation and Fair Trade Act
Jun 27, Article 5 (Duty to Prepare Agency Transaction Contract)
FTC SEC Fine 10
2022 Paragraph 1 of the Fair Agency Transactions Act
On June 22, 2021, the Fair Trade Commission, regarding matters related to food service transactions with Samsung Welstory,
filed a complaint against the Company and the former Head of Future Strategy Office Gee-sung Choi, a retiree, for violating
Article 23 (Prohibition on Unfair Trade Practices) Paragraph 1 Subparagraph 7 of the Monopoly Regulation and Fair Trade
Act.
On August 27, 2021, the Fair Trade Commission, regarding matters related to food service transactions with Samsung
Welstory, issued corrective measures and ordered Samsung Electronics and Samsung Display to pay penalties (SEC: KRW
101.217 billion; SD: 22.857 billion) for violating Article 23 Paragraph 1 Subparagraph 7 of the Act of the Monopoly
Regulation and Fair Trade Act. The administrative litigation against the disposition is in progress, and on January 27, 2022,
the decision to suspend the execution of the corrective measures was finalized.
On November 5, 2021, the Fair Trade Commission, regarding a voluntary correction disclosure of Status of Large Business
Groups (omission of member of the Board of Directors) of the Company’s subsidiary, Samsung Electronics Service CS,
ordered the company to pay a fine of KRW 2.4 million for violating Article 11-4 (Disclosure of Status of Business Groups)
of the Monopoly Regulation and Fair Trade Act, and on November 17, 2021, the company has subsequently paid the fine.

To prevent recurrences and comply with the relevant law, Samsung Electronics Service CS has strengthened its internal
management standard, including adding more people in charge.
On March 17, 2022, the Fair Trade Commission issued a warning against SEC’s Vice Chairman Jae-yong Lee for omitting
three companies—Balbec KPL Korea, Balbec KPL Partners, and Balbec KPL Asset Management—controlled by an
Independent Director of Samsung Card from the affiliate list of Samsung, a business group subject to limitations on cross
shareholding, when submitting materials in 2018 and 2019 pursuant to Article 31 Paragraph 4.
On June 27, 2022, the Fair Trade Commission ordered the Company to pay a fine of KRW 10 million for violating Article
5 (Duty to Prepare Agency Transaction Contract) Paragraph 1 of the Fair Agency Transactions Act, and the Company is in
the middle of a procedure to object to the order.
To comply with the Monopoly Regulation and Fair Trade Act, the Act on Fair Labeling and Advertising, Fair Agency
Transactions Act, and relevant laws, the Company has strengthened its internal management standard and is providing
relevant prevention education for executives and employees.
(2) Sanctions of other administrative or public agencies (including financial supervision and tax authorities)
[Summary]
(KRW mil)
Amount
Punishment or of
Date Agency Subject Reasons and relevant laws
measure monetary
sanction
Cancellation of Article 16-3 Paragraph 1 Subparagraph 1 of the
Mar 2, SEC
Ministry of Environment designation of - Environmental Technology and Industry Support
2021 (Gwangju site)
green enterprise Act
Aug 10,
Ministry of Justice SEC Fine 0.1 Article 19 of the Immigration Act
2021
Subsidiary
Apr 1, (Samsung
Ministry of Employment and Labor Fine 1 Article 15 of the Employment Insurance Act
2021 Electronics
Service CS)
Subsidiary
Partial Article 16 Paragraph 1, Article 41 Paragraph 7,
Sep 29, (Samsung
Ministry of Employment and Labor suspension of 14 Article 53 Paragraph 3, and Article 114 Paragraph
2021 Electronics
work order, fine 3 of the Occupational Safety and Health Act
Service)
Subsidiary
Nov 23, Article 46 Paragraph 1 of the Occupational
Ministry of Employment and Labor (Samsung Fine 0.2
2021 Safety And Health Act
Display)
Oct 13, SEC Article 39 Paragraph 1 of the Clean Air

City of Gwangju Fine 3.2
2022 (Gwangju site) Conservation Act
SEC
Dec 14, (Overall Article 17 Paragraph 2 of the Act on the Allocation
Ministry of Environment Fine 2.0
2022 domestic and Trading of Greenhouse-gas Emission Permits
operations)

Amount
Punishment or of
Date Agency Subject Reasons and relevant laws
measure monetary
sanction
Dec 22, SEC Article 31 Paragraph 1 Subparagraph 1 of the

Ministry of Environment Fine 1.6
2022 (Gwangju site) Clean Air Conservation
Dec 23, SEC Article 37 Paragraph 1 of the Occupational Safety

Ministry of Employment and Labor Fine 0.08
2022 (Gwangju site) And Health Act
Jan 16, SEC Article 37 Paragraph 1, Article 115 Paragraph 2 of

2023 (Gwangju site) the Occupational Safety And Health Act
Apr 21, SEC Article 46 Paragraph 1 of the Occupational Safety

2022 (Onyang site) And Health Act
Aug 16, SEC Article 5 Paragraph 1, Article 6 Paragraph 1 of the

Gumi Fire Station Fine -
2023 (Gumi site) Safety Control Of Hazardous Substances Act
Penalty 875.6 Article 29 of the Personal Information Protection

Aug 18, Personal Information Protection
SEC Act and Article 48-2 Paragraph 1 Subparagraph 2
2023 Commission
Fine 2.4 of the Enforcement Decree of the same Act
Aug 23, SEC Article 31 Paragraph 2 of the Clean Air

City of Gwangju Fine 2.0
2023 (Gwangju site) Conservation Act
Order to Take
Subsidiary
Sep 4, Ministry of Trade, Industry and Training Course Article 19, Article 31, Article 49 of the Foreign
(Samsung -
2023 Energy (2 persons) Trade Act
Display)
On March 2, 2021, Yeongsangang River Basin Environmental Office of Ministry of Environment, based on its air pollutant
measurement, cancelled the Green Enterprise designation on our Gwangju site in pursuant to Article 16-3 (Cancellation of
Designation of Green Enterprise) Paragraph 1 Subparagraph 1 of the Environmental Technology and Industry Support Act.
To enhance the credibility of the measurement, the Company is conducting regular cross measurement, etc.
On August 10, 2021, the Suwon Immigration Office ordered the Company to pay a fine of KRW 100,000 for violating the
obligation to report changes to the employment status of non-Korean employees under Article 19 (Obligation to Report by
Employers of Aliens) Paragraph 1 of the Immigration Act and the Company has subsequently paid the fine.
To strengthen compliance of the deadline for reporting changes in employment of non-Korean employees no longer
employed by the Company, the Company has improved the exit process.

Pursuant to the regular assessment of the implementation of a PSM system at the Onyang site by the Ministry of Employment
and Labor from February 21–23, 2022, the rating went up by one stage, but the Company was ordered to pay a fine of KRW
0.6 million for violating Article 46 (Implementation of Process-Safety Reports) Paragraph 1 of the Occupational Safety and
Health Act on April 21, 2022 and has subsequently paid the fine. The Company took measures regarding the violations
above and submitted a report on improvements to the Ministry of Employment and Labor. We also established a PSM
Innovation Organization and a PSM Management System which manages activities related to approval, design, 12 key tasks,
expertise improvement, etc. We also foster development of on-site process safety experts and conduct voluntary process
safety evaluation.
On July 7, 2022, the Gwangju District Court ruled that two employees of the Company had violated Article 18, etc., of the
Environmental Testing and Inspection Act, and on October 13, 2022, the City of Gwangju levied a fine of KRW 3.2 million
for violating Article 39 (Self-Measurement) Paragraph 1 of the Clean Air Conservation Act concerning the record of the
results of self-measurement of air pollutants, and the Company subsequently paid the fine.
To enhance credibility of measurements, the Company conducts regular cross measurements, etc.
Pursuant to the results of the inspection of the air pollution prevention facilities on the Gwangju site by the Ministry of
Environment on November 28–29, 2022, the Company was ordered to pay a fine of KRW 1.6 million for violating Article
31 (Operation of Emission Facilities and Prevention Facilities) Paragraph 1 of the Clean Air Conservation Act on December
22, 2022, and it has subsequently paid the fine.
To prevent the recurrence and strengthen compliance, the Company has strengthened inspection of the air pollution
prevention facilities.
On December 14, 2022, the Ministry of Environment ordered the Company to pay a fine of KRW 2 million for violating
Article 17 (Revocation of Allocation of Emission Permits) Paragraph 2 of the Act on the Allocation and Trading of
Greenhouse-gas Emission Permits, and the Company has subsequently paid the fine. To prevent the recurrence and
strengthen compliance, the Company has strengthened management of greenhouse-gas emitting facilities.
Pursuant to the results of the inspection of the Occupational Safety and Health Management on the Gwangju site by the
Ministry of Employment and Labor on December 19–21, 2022, the Company was ordered to pay a fine of KRW 80 thousand
for violating Article 37 (Installation and Affixing of Safety and Health Signs) Paragraph 1 of the Occupational Safety and
Health Act on December 23, 2022, and it has subsequently paid the fine. Also, pursuant to the results of the inspection of
the Occupational Safety and Health Management on the Gwangju site by the Ministry of Employment and Labor on January
9–11, 2023, the Company was ordered to pay a fine of KRW 160,000 for violating Article 115 (Warnings on Containers of
Substances Subject to Material Safety Data Preparation) Paragraph 1 and Article 37 (Installation and Affixing of Safety and
Health Signs) Paragraph 1 of the Occupational Safety and Health Act on January 16, 2023, and it has subsequently paid the
fine. To prevent the recurrence and strengthen compliance, the Company has strengthened monitoring of the installation and
affixing of safety signs.
On August 16, 2023, the Gumi Fire Station ordered the Company to take corrective measures for violating Article 5
(Restrictions on Storage and Handling of Hazardous Substances) Paragraph 1 and Article 6 (Construction of Facilities for
Hazardous Substances and Alteration Thereof) Paragraph 1 of the Safety Control Of Hazardous Substances Act at its Gumi
site, and the Company subsequently completed corrective measures by applying for permission of constructing hazardous
substance handling place. To prevent the recurrence and strengthen compliance, the Company has strengthened permit
management regarding hazardous substance handling place.
On August 18, 2023, Personal Information Protection Commission ordered the Company to take corrective measures along
with orders to pay a penalty of KRW 875.6 million and a fine of KRW 2.4 million for violating Article 29 (Duty of
Safeguards) of the Personal Information Protection Act and Article 48-2 (Special Measures to Ensure Safety of Personal
Information) Paragraph 1 Subparagraph 2 of the Enforcement Decree of the same Act, and it has subsequently paid the fine.
To prevent the recurrence and strengthen compliance, the Company has strengthened education and security-related
contracts with our system operation partners.
On August 23, 2023, City of Gwangju issued an administrative disposition (warning) and ordered the Company to pay a
fine of KRW 2 million for violating Article 31 (Operation of Emission Facilities and Prevention Facilities) Paragraph 2 of
the Clean Air Conservation at its Gwnagju site, and it has subsequently paid the fine. To prevent the recurrence and
strengthen compliance, the Company has strengthened computer input management process regarding operating status of
emission and prevention facilities.
On April 1, 2021, Samsung Electronics Service CS was ordered by the Jungbu Regional Employment and Labor Office of
Ministry of Employment and Labor to pay a fine of KRW 1 million for the delayed report of the attainment of the
employment insurance, violating Article 15 (Reporting, etc. on Insured Status) of the Employment Insurance Act, and the
Company has subsequently paid the fine.
To prevent reoccurrences and strengthen compliance, Samsung Electronics Service CS is monitoring the revision of the
Employment Insurance Act periodically and providing education for managers.
Regarding an electrocution accident of a worker who was repairing a washing machine on September 28, 2021, the Southern
Seoul District Office of the Seoul Regional Employment and Labor Office of the Ministry of Employment and Labor ordered
Samsung Electronics Service on September 29, 2021 to partially suspend work in pursuant to Article 53 (Corrective
Measures by Minister of Employment and Labor) of the Occupational Safety and Health Act.
In response, Samsung Electronics Service submitted plans to improve safety and health measures for all of its domestic
worksites, and the order of partial suspension was withdrawn on November 10, 2021.
Moreover, on November 15, 2021, Samsung Electronics Service was ordered to pay fines of KRW 14 million in total for
violating Article 16 (Supervisors) Paragraph 1, Article 41 (Measures for Preventing Health Impairments Caused by Abusive
Language of Customers) Paragraph 7, and Article 114 (Posting of Material Safety Data Sheets and Education) Paragraph 3
of the Occupational Safety and Health Act, and on December 28, 2021, it has subsequently paid the fine.
Pursuant to results of monitoring the implementation of a PSM system at the Giheung site by the Ministry of Employment
and Labor from November 15–16, 2021, Samsung Display was ordered to pay a fine of KRW 0.16 million for violating
Article 46 (Implementation of Process-Safety Reports) Paragraph 1, etc., of the Occupational Safety and Health Act on
November 23, 2021 and has subsequently paid the fine.
Samsung Medison exported certain items subject to situational permission by the Ministry of Trade, Industry and Energy
without obtaining prior approval. Accordingly, Samsung Medison on September 4, 2023, received an administrative
disposition of taking training course (2 persons) from the Ministry of Trade, Industry and Energy for violating Article 19
(Public Notice of Strategic Items and Export Permission Therefor), etc., of the Foreign Trade Act, and it has completed the
training course provided by the Ministry of Trade, Industry and Energy on November 7, 2023. To prevent the recurrence
and strengthen compliance, Samsung Medison has enhanced educational activities for personnel responsible for strategic
item management and improved internal process.
C. Sanctions from Korea Exchange

- N/A
D. Return of short-swing profits

- N/A

4. Subsequent events and other matters
A. Subsequent events
- N/A
B. External contributions
Date of Board
Contribution Amount Details
approval
 The Fund consists of voluntary contributions of employees and matching
Management plans for funds raised by SEC. SEC plans to contribute KRW 11.61 billion in matching
Social Contribution Fund KRW 11.61 billion funds in 2021.
for 2021  The contribution will be used for educating adolescents and vulnerable Feb 16, 2021
population.
Donation to Chung-nam
KRW 2.446 billion  The contribution was made to improve education of the region.
Samsung Institute
 The contribution was made to support Dream Class, a program to support
learning for underprivileged middle school students (Samsung Welfare
Foundation, KRW 11.5 billion)
 The contribution was made to support facilities and research infrastructure
at Samsung Medical Center and support the operation of emergency
Donation to Samsung helicopters (Samsung Life Public Welfare Foundation, KRW 29.9 billion)
KRW 60.1 billion
Welfare Foundation, etc.  The contribution was made to provide funds for legal expenses for faculty
members and Samsung scholarships for students (Sungkyunkwan Apr 29, 2021
University, KRW 15 billion)
 The contribution was made to help award those with significant contributions
in the field of academia, art, and human welfare (Ho-Am Foundation, KRW
3.7 billion)
Performance incentive to  The incentive was provided to prevent safety incidents at sites, enhance
Approximately
suppliers of the DS productivity, and promote co-growth with suppliers
KRW 63.2 billion  For the first and secondary suppliers of the DS division stationed at the sites
division

Date of Board
approval
EUR 1.5 million
Sponsoring the  The contribution was made to support WorldSkills International and
(approximately
WorldSkills Competition WorldSkills Shanghai 2020.
KRW 2.09 billion)
 Participated in Joint Investment Technology Development Agreement Fund
Contribution to Joint supervised by the Ministry of SMEs and Startups. Oct 28, 2021
 The contribution was made to establish an agreement fund with the Ministry
Investment Technology
KRW 15 billion of SMEs and Startups, which will be allocated to chosen SMEs based on
Development Agreement evaluations of tasks related to robotics, AI, biohealth, system
Fund semiconductors, and domestic production of materials, parts, and
equipment.
Donation to Heemang  The contribution was made to Community Chest of Korea to fulfill corporate
KRW 25.6 billion
2022 Nanum Campaign social responsibilities and help the marginalized.
Contribution to the United
USD 2,689,094 Nov 30, 2021
Nations Development  The contribution was made to the UNDP (United Nations Development
(approximately
Programme (Samsung Programme) for relief activities in different countries.
KRW 3.20 billion)
Global Goals)
 The Fund consists of voluntary contributions of employees and matching
Social Contribution Fund KRW 11.75 billion funds in 2022.
for 2022  The contribution will be used for educating adolescents and vulnerable Feb 15, 2022
population.
KRW 2.324 billion  The contribution was made to improve education of the region.
Samsung Institute
 The contribution was made to support Dream Class, a program to support
learning for underprivileged middle school students (Samsung Welfare
Foundation, KRW 4.4 billion)The contribution was made to support the
construction expenses for the renovation of Samsung Medical Center
(Samsung Life Public Welfare Foundation, KRW 23.2 billion)The
Donation to Samsung
KRW 46.8 billion contribution was made to provide funds for legal expenses for faculty
Welfare Foundation, etc. members and Samsung scholarships for students (Sungkyunkwan
University, KRW 15 billion) Apr 28, 2022
 The contribution was made to help award those with significant contributions
in the field of academia, art, and human welfare (Ho-Am Foundation, KRW
4.2 billion)
Performance incentive to  The incentive was provided to prevent safety incidents at sites, enhance
Approximately
suppliers of the DS productivity, and promote co-growth with suppliers
KRW 74.0 billion  For the first and secondary suppliers of the DS division stationed at the sites
division
Donation to the Inter-
University Semiconductor  Support of operating costs for education infrastructure and employment of
Research Center of Seoul KRW 5 billion research talents for the Inter-University Semiconductor Research Center of Jul 28, 2022
National University to help Seoul National University
cover operating costs
Contribution for support
 The contribution of KRW 4 billion in cash was made to Hope Bridge Korea
related to the tragedy in Nov 3, 2022
KRW 4 billion Disaster Relief Association to offer assistance related to the tragedy in
Itaewon and to strengthen Itaewon and strengthen the public safety system. Board resolution
the public safety system
KRW 18.37 billion
2023 Nanum Campaign social responsibilities and help the marginalized.
Contribution to the United Nov 30, 2022
USD 7,188,329
Nations Development  The contribution was made to the UNDP (United Nations Development Board resolution
(approximately
KRW 9.57 billion)
Global Goals)

Date of Board
approval
EUR 1.65 million
Sponsorship of the  Sponsorship supporting the 47th WorldSkills Competition that will take place
(approximately
Worldskills Competition in Lyon, France, and WorldSkills International
KRW 2.25 billion)
 The fund consists of voluntary contributions of employees and matching
Social Contribution Fund KRW 12.34 billion funds in 2023
 The contribution will be used for educating adolescents and vulnerable Feb 14, 2023
for 2023
members of the population Board resolution
KRW 2.378 billion  The contribution was made to improve education of the region
Samsung Institute
 The contribution was made to enhance domestic manufacturing
Promotion of supporting a
KRW 22.4 billion competitiveness and promote balanced development of regions by
smart factory project supporting a smart factory project
April 27, 2023
Incentives for Excellent  The incentive was provided to prevent safety incidents at sites, enhance
productivity, and promote co-growth with suppliers
Board resolution
Partners in the DS KRW 80.1 billion  Incentive targets first and secondary suppliers of the DS division stationed
Division at the sites
 The contribution was made to support the construction expenses for the
renovation of Samsung Medical Center (Samsung Life Public Welfare
Foundation; KRW 17.19 billion)
 The contribution was made to provide funds for legal expenses for faculty
Donation to Samsung members and Samsung scholarships for students (Sungkyunkwan July 27, 2023
KRW 32.83 billion
Welfare Foundation, etc. University; KRW 12.24 billion) Board resolution
 The contribution was made to be used for the awards in connection with the
presentation of the Samsung Ho-Am Prize in the following six fields—
physics/mathematics, chemistry/biology, engineering, medicine, art, and
volunteering (Ho-Am Foundation; KRW 3.4 billion)
KRW 8.65 billion
2024 Nanum Campaign social responsibilities and help the marginalized
Contribution to the United November 30, 2023
USD 4,366,270
Nations Development  The contribution was made to the UNDP (United Nations Development Board resolution
(approximately
KRW 5.68 billion)
Global Goals)
External contributions are based on a resolution of the Board.
C. Green management
The Company is actively securing “Designation of Green Enterprise” and “Green Technology Certifications” to follow the
Low Carbon Green Growth policy of the Korean government. In particular, greenhouse gas emission and energy
consumption generated at our operations are reported to the government, required by relevant law. Also, relevant information
are provided transparently to stakeholders through the Sustainability Report, etc.
(Designation of Green Enterprise)
The Company strives to fulfill its responsibility as an eco-friendly enterprise by reducing pollutants, conserving resources
and energy, establishing/utilizing a green management system, etc. As of December 31, 2023 (on a separate basis), our
business sites in Suwon, Gumi, Giheung, Hwaseong, Pyeongtaek, and Onyang have been designated as green enterprises
in accordance with Article 16-2 (Designation, etc., of Green Enterprise) of the Environmental Technology and Industry
Support Act. In March 2021, the Green Enterprise designation was cancelled for Gwangju site pursuant to Article 16-3
(Cancellation of Designation of Green Enterprise) Paragraph 1 Subparagraph 1 of the Environmental Technology and
Industry Support Act.

(Green Technology Certification)
The Company acquired Certification of Green Technology in accordance with Article 60 (Standardization and Certification
of Green Technology and Green Industries) Paragraph 1 of the Framework Act on Carbon Neutrality and Green Growth for
Coping with Climate Crisis. Since 2010, the year when the certification first began, we have consistently explored green
technologies and obtained certifications. We hold valid certifications for 7 green technologies as of the end of 2023, and we
have also acquired certification of “Confirmation of Green Technology Product” for 179 green-technology-applied models.
Certified Green Technologies as of December 31, 2023, are as follows:
Certification number Description/purpose Certification date Expiration date
Activating low-load operation catalyst for high-efficiency operation of heat pumps integrated with
GT-23-01728 Jul 27, 2023 Jul 26, 2026
emission reduction devices
Improving energy efficiency in clothes dryers by incorporating high-efficiency heat pumps and heat
GT-20-00880 May 21, 2020 May 20, 2026
exchangers
GT-20-00826 Ceiling-mounted wind-free air conditioners with micro air holes Jan 30, 2020 Jan 29, 2026
GT-22-01562 Energy-saving dehumidification technology using dew point temperature Nov 24, 2022 Nov 23, 2025
Power-saving technology for reducing standby power consumption of monitors that have Self
GT-19-00664 May 16, 2019 May 15, 2025
Wake-Up function
GT-21-01256 Power-saving technology for printers and multi-function printers in sleep mode Nov 18, 2021 Nov 17, 2024
Power-saving technology for reducing standby power consumption of laptops using high-efficiency
GT-21-01248 Oct 14, 2021 Oct 13, 2024
power conversion technology
Separate basis.
(Greenhouse gas emission and energy consumption management)
According to Article 27 (Greenhouse Gas Target Control of Controlled Emitter) of the Framework Act on Carbon Neutrality
and Green Growth for Coping with Climate Crisis, the Company falls under the category of “controlled emitter,” which is
an entity designated for greenhouse gas target management. Therefore, in accordance with Article 27 (3) of the above
mentioned Act and Article 24 (Reporting and Verification of Amounts of Emissions) of the Act on the Allocation and Trading
of Greenhouse-gas Emission Permits, the Company’s greenhouse gas emissions and energy usage, verified by a third-party,
have been reported since May 2011 to the relevant authorities and opened to stakeholders.

The reported amount of greenhouse gas emission and energy use on a separate basis are provided below:
(Unit: tCO2-eq, TJ)

2023 2022 2021
Greenhouse gas (tCO2-eq) 13,618,815 14,929,733 14,515,620
Energy (TJ) 240,275 222,876 200,942

Separate basis.
Domestic manufacturing facilities, office buildings, buildings owned by the Company, leased buildings, etc.
Reported Greenhouse gas emission excludes ozone depletion substances (ODS).
Amounts may differ based on the result of governmental evaluations on emissions.
Amounts for 2023 are projections
From 2015, in accordance with Article 8 (Designation of Business Entities Eligible for Allocation) of the Act on the
Allocation and Trading of Greenhouse-Gas Emission Permits, the Company is an eligible business entity under the Act.
D. Certification as health-friendly company
The Company operates various medical facilities—including an in-house clinic, physiotherapy room, musculoskeletal
disorder prevention center, and mental health clinic—to promote employee health, and through health promotion programs,
the Company helps employees care for their own health. In recognition of our efforts, the DS Division was certified as a
health-friendly company by the Minister of Health and Welfare on December 7, 2022, pursuant to Article 6-2 Paragraph 1
of the National Health Promotion Act (Validity period: December 7, 2022–December 6, 2025).

XII. Appendix
1. Subsidiaries subject to consolidated financial statements (detailed)
As of December 31, 2023, Samsung Electronics’ consolidated subsidiaries numbered 232 with the addition of 6 subsidiaries
and reduction of 6 subsidiary when compared to totals as of December 31, 2022. Below is the list of consolidated
subsidiaries.
(KRW mil)
Classified
Date Assets as of Dec 31, as major
Subsidiary Major business Ownership
established 2022 subsidiary
(Y/N)
Samsung Electronics America, Inc. (SEA) Jul 1978 Electronic goods sales 41,926,899 Over 50% Y
Samsung International, Inc. (SII) Oct 1983 Electronic goods production 1,690,752 Over 50% Y
Samsung Mexicana S.A. de C.V (SAMEX) Mar 1988 Electronic goods production 190,798 Over 50% Y
Samsung Electronics Home Appliances America, LLC (SEHA) Aug 2017 Home appliance production 863,840 Over 50% Y
Samsung Research America, Inc (SRA) Oct 1988 R&D 984,163 Over 50% Y
SAMSUNG NEXT LLC (SNX) Aug 2016 Subsidiary management (overseas) 257,924 Over 50% Y
Tech/emerging-tech venture firm
SAMSUNG NEXT FUND LLC (SNXF) Aug 2016
investments 370,961 Over 50% Y
NeuroLogica Corp. Feb 2004 Medical device production and sales 243,481 Over 50% Y
Samsung HVAC America, LLC Jul 2001 Air conditioner sales 113,088 Over 50% N
Joyent, Inc. Mar 2005 Cloud services 202,727 Over 50% Y
SmartThings, Inc. Apr 2012 Smart home platform 220,123 Over 50% Y
Network equipment installation and
TeleWorld Solutions, Inc. (TWS) May 2002 32,371 Over 50% N
optimization
Samsung Semiconductor, Inc. (SSI) Jul 1983 Semiconductor and display panel sales 12,796,440 Over 50% Y
Samsung Federal, Inc. (SFI) May 2023 R&D 1,263 Over 50% N
Samsung Austin Semiconductor LLC. (SAS) Feb 1996 Semiconductor production 16,714,945 Over 50% Y
Samsung Oak Holdings, Inc. (SHI) Jun 2016 Subsidiary management (overseas) 558,656 Over 50% Y
SEMES America, Inc. Oct 1998 Semiconductor equipment services 2,529 Over 50% N
Samsung Display America Holdings, Inc. (SDAH) May 2023 Subsidiary management (overseas) 307,429 Over 50% N
Display panel development and
eMagin Corporation Mar 2000 370,378 Over 50% N
production
Samsung Electronics Canada, Inc. (SECA) Jul 1980 Electronic goods sales 1,302,924 Over 50% Y
AdGear Technologies Inc. Aug 2010 Digital advertising platform 161,458 Over 50% Y
Samsung Eletronica da Amazonia Ltda. (SEDA) Oct 1994 Electronic goods production and sales 5,542,627 Over 50% Y
Samsung Electronics Mexico S.A. De C.V. (SEM) Jul 1995 Electronic goods sales 2,153,032 Over 50% Y
Samsung Electronics Digital Appliance Mexico, SA de CV
Dec 2012 Home appliance production 1,324,763 Over 50% Y
(SEDAM)
Samsung Electronics Latinoamerica (Zona Libre), S. A.
(SELA)
Apr 1989 Electronic goods sales 643,286 Over 50% Y

Classified
(Y/N)
Samsung Electronics Latinoamerica Miami, Inc. (SEMI) May 1995 Electronic goods sales 553,965 Over 50% Y
Samsung Electronica Colombia S.A. (SAMCOL) Mar 1997 Electronic goods sales 463,772 Over 50% Y
Samsung Electronics Argentina S.A. (SEASA) Jun 1996 Marketing and services 83,075 Over 50% Y
Samsung Electronics Chile Limitada (SECH) Dec 2002 Electronic goods sales 524,530 Over 50% Y
Samsung Electronics Peru S.A.C. (SEPR) Apr 2010 Electronic goods sales 295,477 Over 50% Y
Samsung Electronics Venezuela, C.A. (SEVEN) May 2010 Marketing and services 168 Over 50% N
Samsung Electronics Panama. S.A. (SEPA) Jul 2012 Consulting 5,864 Over 50% N
Harman International Industries, Inc. Jan 1980 Subsidiary management (overseas) 16,329,845 Over 50% Y
Audio product production, sales, and
Harman Becker Automotive Systems, Inc. Jun 1981
R&D 3,137,078 Over 50% Y
Harman Connected Services, Inc. Feb 2002 Connected Service Provider 2,265,938 Over 50% Y
Harman Connected Services Engineering Corp. Sep 2004 Connected Service Provider - Over 50% N
Harman da Amazonia Industria Eletronica e Participacoes
Jul 2005 Audio product production and sales 196,081 Over 50% Y
Ltda.
Harman de Mexico, S. de R.L. de C.V. Feb 1997 Audio product production 261,655 Over 50% Y
Harman do Brasil Industria Eletronica e Participacoes Ltda. Nov 1958 Audio product sales and R&D 304,138 Over 50% Y
Harman Financial Group LLC Jun 2004 Management Company 1 Over 50% N
Harman International Industries Canada Ltd. May 2005 Audio product sales 326 Over 50% N
Harman International Mexico, S. de R.L. de C.V. Dec 2014 Audio product sales 47,811 Over 50% N
Harman KG Holding, LLC Mar 2009 Subsidiary management (overseas) - Over 50% N
Harman Professional, Inc. Jul 2006 Audio product sales and R&D 898,008 Over 50% Y
Roon Labs, LLC. Jan 2015 Audio product sales 69,748 Over 50% N
Beijing Integrated Circuit Industry International Fund, L.P Dec 2014 Venture firm investments 13,652 Over 50% N
China Materialia New Materials 2016 Limited Partnership Sep 2017 Venture firm investments 8,141 Over 50% N
Samsung Electronics (UK) Ltd. (SEUK) Jul 1995 Electronic goods sales 2,902,722 Over 50% Y
Samsung Electronics Ltd. (SEL) Jan 1999 Subsidiary management (overseas) 7,212 Over 50% N
Samsung Semiconductor Europe Limited (SSEL) Apr 1997 Semiconductor and display panel sales 109,216 Over 50% Y
Samsung Electronics GmbH (SEG) Dec 1984 Electronic goods sales 2,097,706 Over 50% Y
Samsung Electronics Holding GmbH (SEHG) Feb 1982 Subsidiary management (overseas) 438,172 Over 50% Y
Samsung Semiconductor Europe GmbH (SSEG) Dec 1987 Semiconductor and display panel sales 1,024,701 Over 50% Y
Samsung Electronics France S.A.S (SEF) Jan 1986 Electronic goods sales 1,265,823 Over 50% Y
Samsung Electronics Italia S.P.A. (SEI) Apr 1991 Electronic goods sales 1,053,955 Over 50% Y
Samsung Electronics Iberia, S.A. (SESA) Jan 1989 Electronic goods sales 1,266,167 Over 50% Y

Classified
(Y/N)
Samsung Electronics Portuguesa, Unipessoal, Lda. (SEP) Sep 1982 Electronic goods sales 304,248 Over 50% Y
Samsung Electronics Hungarian Private Co. Ltd. (SEH) Oct 1989 Electronic goods production and sales 1,426,079 Over 50% Y
Samsung Electronics Europe Logistics B.V. (SELS) May 1991 Logistics 1,639,004 Over 50% Y
Samsung Electronics Benelux B.V. (SEBN) Jul 1995 Electronic goods sales 1,794,552 Over 50% Y
Samsung Electronics Europe Holding Cooperatief U.A.
(SEEH)
Oct 2008 Subsidiary management (overseas) 9,660,481 Over 50% Y
Samsung Electronics Nordic Aktiebolag (SENA) Mar 1992 Electronic goods sales 591,101 Over 50% Y
Samsung Electronics Slovakia s.r.o (SESK) Jun 2002 TV and monitor production 928,129 Over 50% Y
Samsung Display Slovakia, s.r.o. (SDSK) Mar 2007 Display panel processing 29,695 Over 50% N
Samsung Electronics Polska, SP.Zo.o (SEPOL) Apr 1996 Electronic goods sales 1,384,273 Over 50% Y
Samsung Electronics Poland Manufacturing SP.Zo.o (SEPM) Feb 2010 Home appliance production 882,673 Over 50% Y
Samsung Electronics Romania LLC (SEROM) Sep 2007 Electronic goods sales 460,478 Over 50% Y
Samsung Electronics Austria GmbH (SEAG) Jan 2002 Electronic goods sales 519,776 Over 50% Y
Samsung Electronics Switzerland GmbH (SESG) May 2013 Electronic goods sales 264,260 Over 50% Y
Samsung Electronics Czech and Slovak s.r.o. (SECZ) Jan 2010 Electronic goods sales 391,308 Over 50% Y
SAMSUNG ELECTRONICS BALTICS SIA (SEB) Oct 2001 Electronic goods sales 131,129 Over 50% Y
Samsung Electronics Greece S.M.S.A (SEGR) Apr 2010 Electronic goods sales 153,107 Over 50% Y
Samsung Electronics Air Conditioner Europe B.V. (SEACE) Apr 2017 Air conditioner sales 273,604 Over 50% Y
Samsung Nanoradio Design Center (SNDC) Feb 2004 R&D 28,657 Over 50% N
Samsung Denmark Research Center ApS (SDRC) Sep 2012 R&D 28,791 Over 50% N
Samsung Cambridge Solution Centre Limited (SCSC) Sep 2012 R&D 210,343 Over 50% Y
Samsung Zhilabs, S.L. Nov 2008 Network solution R&D and sales 11,879 Over 50% N
FOODIENT LTD. Mar 2012 R&D 10,004 Over 50% N
Samsung Electronics Rus Company LLC (SERC) Oct 2006 Electronic goods sales 839,493 Over 50% Y
Samsung Electronics Rus Kaluga LLC (SERK) Jul 2007 TV production 1,030,743 Over 50% Y
Samsung Electronics Ukraine Company LLC (SEUC) Sep 2008 Electronic goods sales 280,470 Over 50% Y
Samsung R&D Institute Ukraine (SRUKR) Feb 2022 R&D 9,454 Over 50% N
Samsung Electronics Central Eurasia LLP (SECE) Sep 2008 Electronic goods sales 362,213 Over 50% Y
Samsung Electronics Overseas B.V. (SEO) Jan 1997 Electronic goods sales 1,913 Over 50% N
Samsung R&D Institute Rus LLC (SRR) Nov 2011 R&D 49,646 Over 50% N
Samsung Electronics Caucasus Co. Ltd (SECC) Oct 2014 Marketing 2,632 Over 50% N
Samsung Electronics Uzbekistan FC LLC. (SEUZ) Mar 2022 Marketing 91,356 Over 50% N

Classified
(Y/N)
AKG Acoustics Gmbh Mar 1947 Audio product production and sales 356,482 Over 50% Y
Apostera UA, LLC Oct 2020 Connected Service Provider 1,037 Over 50% N
Harman Audio Iberia Espana Sociedad Limitada Nov 2012 Audio product sales 1,254 Over 50% N
Audio product production, sales, and
Harman Becker Automotive Systems GmbH Jul 1990 3,949,170 Over 50% Y
R&D
Harman Becker Automotive Systems Italy S.R.L. Dec 2005 Audio product sales 879 Over 50% N
Harman Becker Automotive Systems Manufacturing Kft Aug 1994 Audio product R&D and production 3,230,387 Over 50% Y
Harman Belgium SA Apr 1967 Audio product sales 2,993 Over 50% N
Harman Connected Services AB. Oct 1984 Connected Service Provider 11,306 Over 50% N
Harman Finland Oy Jul 1998 Connected Service Provider 379 Over 50% N
Harman Connected Services GmbH Dec 2005 Connected Service Provider 52,425 Over 50% N
Harman Connected Services Poland Sp.zoo Jun 2007 Connected Service Provider 11,538 Over 50% N
Harman Connected Services UK Ltd. Sep 2008 Connected Service Provider 55,034 Over 50% N
Harman Consumer Nederland B.V. Dec 1995 Audio product sales 497,888 Over 50% Y
Harman Deutschland GmbH Mar 1998 Audio product sales 13,602 Over 50% N
Harman France SNC Nov 1995 Audio product sales 166,979 Over 50% Y
Harman Holding Gmbh & Co. KG Jun 2002 Management Company 5,848,586 Over 50% Y
Harman Hungary Financing Ltd. Jun 2012 Financing Company 46,365 Over 50% N
Harman Inc. & Co. KG Jun 2012 Subsidiary management (overseas) 4,619,985 Over 50% Y
Harman International Estonia OU May 2015 R&D 1 Over 50% N
Harman International Industries Limited Mar 1980 Audio product sales and R&D 77,383 Over 50% Y
Harman International Romania SRL Feb 2015 R&D 13,910 Over 50% N
Harman Management Gmbh Apr 2002 Subsidiary management (overseas) - Over 50% N
Harman Professional Kft Dec 2014 Audio product R&D and production 59,000 Over 50% N
Harman Professional Denmark ApS Jul 1987 Audio product sales and R&D 54,778 Over 50% N
Red Bend Software SAS Oct 2002 Software design 8,162 Over 50% N
Studer Professional Audio GmbH Nov 2003 Audio product sales and R&D 476 Over 50% N
Harman Connected Services OOO Nov 1998 Connected Service Provider 27,181 Over 50% N
Harman RUS CIS LLC Aug 2011 Audio product sales 38,224 Over 50% N
Samsung Gulf Electronics Co., Ltd. (SGE) May 1995 Electronic goods sales 1,027,977 Over 50% Y
Samsung Electronics Turkiye (SETK) Dec 1984 Electronic goods sales 793,352 Over 50% Y
Samsung Electronics Industry and Commerce Ltd. (SETK-P) Feb 2021 Electronic goods production 134,709 Over 50% Y

Classified
(Y/N)
Samsung Electronics Levant Co.,Ltd. (SELV) Jul 2009 Electronic goods sales 444,609 Over 50% Y
Samsung Electronics Maghreb Arab (SEMAG) Nov 2009 Electronic goods sales 352,506 Over 50% Y
Samsung Electronics Egypt S.A.E (SEEG) Jul 2012 Electronic goods production and sales 1,348,469 Over 50% Y
Samsung Electronics Israel Ltd. (SEIL) Sep 2012 Marketing 22,070 Over 50% N
Samsung Electronics Tunisia S.A.R.L (SETN) Sep 2012 Marketing 4,885 Over 50% N
Samsung Electronics Pakistan(Private) Ltd. (SEPAK) Nov 2012 Marketing 3,393 Over 50% N
Samsung Electronics Saudi Arabia Ltd. (SESAR) Nov 2019 Electronic goods sales 428,067 Over 50% Y
Samsung Semiconductor Israel R&D Center, Ltd. (SIRC) Oct 2007 R&D 162,934 Over 50% Y
Corephotonics Ltd. Jan 2012 R&D 24,159 Over 50% N
Samsung Electronics South Africa(Pty) Ltd. (SSA) Jun 1994 Electronic goods sales 527,416 Over 50% Y
Samsung Electronics South Africa Production (pty) Ltd.
Jul 2014 TV and monitor production 87,759 Over 50% Y
(SSAP)
Samsung Electronics West Africa Ltd. (SEWA) Mar 2010 Marketing 23,348 Over 50% N
Samsung Electronics East Africa Ltd. (SEEA) Dec 2011 Marketing 18,072 Over 50% N
Global Symphony Technology Group Private Ltd. Jan 2002 Subsidiary management (overseas) 56,523 Over 50% N
Harman Connected Services Morocco Apr 2012 Connected Service Provider 73 Over 50% N
Harman Industries Holdings Mauritius Ltd. Oct 2009 Subsidiary management (overseas) 95,209 Over 50% Y
Red Bend Ltd. Feb 1998 Audio product production 110,476 Over 50% Y
Samsung Asia Pte. Ltd. (SAPL) Jul 2006 Subsidiary management (overseas) 22,234,942 Over 50% Y
Samsung Electronics Singapore Pte. Ltd. (SESP) Oct 2020 Electronic goods sales 658,918 Over 50% Y
Samsung Malaysia Electronics (SME) Sdn. Bhd. (SME) May 2003 Electronic goods sales 618,803 Over 50% Y
Samsung Electronics Display (M) Sdn. Bhd. (SDMA) Mar 1995 Electronic goods production 26,388 Over 50% N
Samsung Electronics (M) Sdn. Bhd. (SEMA) Sep 1989 Home appliance production 313,767 Over 50% Y
Samsung Vina Electronics Co., Ltd. (SAVINA) Jan 1995 Electronic goods sales 110,276 Over 50% Y
Samsung Electronics Vietnam Co., Ltd. (SEV) Mar 2008 Electronic goods production 7,301,860 Over 50% Y
Samsung Electronics Vietnam THAINGUYEN Co., Ltd.
Mar 2013 Telecom product production 12,554,481 Over 50% Y
(SEVT)
Samsung Electronics HCMC CE Complex Co., Ltd. (SEHC) Feb 2015 Electronic goods production and sales 4,043,677 Over 50% Y
Samsung Display Vietnam Co., Ltd. (SDV) Jul 2014 Display panel production 7,383,485 Over 50% Y
DOWOOINSYS VINA COMPANY LIMITED Jun 2022 Display panel component production 96,061 Over 50% N
PT Samsung Electronics Indonesia (SEIN) Aug 1991 Electronic goods production and sales 1,110,178 Over 50% Y
PT Samsung Telecommunications Indonesia (STIN) Mar 2003 Electronic goods sales and service 75,638 Over 50% N
Thai Samsung Electronics Co., Ltd. (TSE) Oct 1988 Electronic goods production and sales 3,039,379 Over 50% Y

Classified
(Y/N)
Laos Samsung Electronics Sole Co., Ltd (LSE) Sep 2016 Marketing 1,318 Over 50% N
Samsung Electronics Philippines Corporation (SEPCO) Mar 1996 Electronic goods sales 372,478 Over 50% Y
Samsung Electronics Australia Pty. Ltd. (SEAU) Nov 1987 Electronic goods sales 612,161 Over 50% Y
Samsung Electronics New Zealand Limited (SENZ) Sep 2013 Electronic goods sales 204,114 Over 50% Y
Samsung India Electronics Private Ltd. (SIEL) Aug 1995 Electronic goods production and sales 7,738,259 Over 50% Y
Red Brick Lane Marketing Solutions Pvt. Ltd. Jan 2012 Marketing 1,429 Over 50% N
Samsung Display Noida Private Limited (SDN) Jul 2019 Display panel production 675,743 Over 50% Y
Samsung R&D Institute India-Bangalore Private Limited (SRI-
Bangalore)
May 2005 R&D 430,987 Over 50% Y
Samsung R&D Institute BanglaDesh Limited (SRBD) Aug 2010 R&D 17,625 Over 50% N
Samsung Nepal Services Pvt, Ltd (SNSL) Nov 2017 Service 1,263 Over 50% N
Samsung Japan Corporation (SJC) Dec 1975 Semiconductor and display panel sales 1,013,103 Over 50% Y
Samsung R&D Institute Japan Co. Ltd. (SRJ) Aug 1992 R&D 136,782 Over 50% Y
Samsung Electronics Japan Co., Ltd. (SEJ) Sep 2008 Electronic goods sales 705,460 Over 50% Y
Harman Connected Services Corp. India Pvt. Ltd. Apr 2002 Connected Service Provider 353,291 Over 50% Y
Harman International (India) Private Limited Jan 2009 Audio product sales and R&D 395,349 Over 50% Y
Harman International Industries PTY Ltd. Dec 2014 Subsidiary management (overseas) -4,549 Over 50% N
Harman International Japan Co., Ltd. Jun 1991 Audio product sales and R&D 72,958 Over 50% Y
Harman Singapore Pte. Ltd. Aug 2007 Audio product sales 15,187 Over 50% N
Samsung (CHINA) Investment Co., Ltd. (SCIC) Mar 1996 Electronic goods sales 10,222,557 Over 50% Y
Samsung Electronics Hong Kong Co., Ltd. (SEHK) Sep 1988 Electronic goods sales 985,438 Over 50% Y
Samsung Electronics Taiwan Co., Ltd. (SET) Nov 1994 Electronic goods sales 1,797,627 Over 50% Y
Tianjin Samsung Electronics Co., Ltd. (TSEC) Apr 1993 TV and monitor production 382,260 Over 50% Y
Suzhou Samsung Electronics Co., Ltd. (SSEC) Apr 1995 Home appliance production 636,160 Over 50% Y
Samsung Suzhou Electronics Export Co., Ltd. (SSEC-E) Apr 1995 Home appliance production 488,014 Over 50% Y
Samsung Electronics Suzhou Computer Co., Ltd. (SESC) Sep 2002 R&D 94,528 Over 50% Y
Tianjin Samsung Telecom Technology Co., Ltd. (TSTC) Mar 2001 Telecom product production 646,732 Over 50% Y
Beijing Samsung Telecom R&D Center (SRC-Beijing) Sep 2000 R&D 131,677 Over 50% Y
Samsung Electronics China R&D Center (SRC-Nanjing) May 2004 R&D 33,031 Over 50% N
Samsung Mobile R&D Center China- Guangzhou (SRC-
Guangzhou)
Jan 2010 R&D 43,195 Over 50% Y
Samsung R&D Institute China-Shenzhen (SRC-Shenzhen) Mar 2013 R&D 38,382 Over 50% N
Shanghai Samsung Semiconductor Co., Ltd. (SSS) Oct 2001 Semiconductor and display panel sales 5,262,086 Over 50% Y

Classified
(Y/N)
Samsung (China) Semiconductor Co., Ltd. (SCS) Sep 2012 Semiconductor production 15,808,283 Over 50% Y
Samsung SemiConductor Xian Co., Ltd. (SSCX) Apr 2016 Semiconductor and display panel sales 854,932 Over 50% Y
Samsung Electronics Suzhou Semiconductor Co., Ltd.
Dec 1994 Semiconductor processing 869,225 Over 50% Y
(SESS)
Tianjin Samsung LED Co., Ltd. (TSLED) May 2009 LED production 257,820 Over 50% Y
Samsung Semiconductor (China) R&D Co., Ltd. (SSCR) Apr 2003 R&D 89,911 Over 50% Y
Samsung Display Dongguan Co., Ltd. (SDD) Nov 2001 Display panel production 752,934 Over 50% Y
Samsung Display Tianjin Co., Ltd. (SDT) Jun 2004 Display panel production 583,728 Over 50% Y
Semiconductor/FPD equipment
SEMES (XIAN) Co., Ltd. Jul 2013
services 3,588 Over 50% N
Samsung Semiconductor Investment L.P.Ⅰ Dec 2021 10,314 Over 50% N
investments
Harman (China) Technologies Co., Ltd. Mar 2011 Audio product production 214,710 Over 50% Y
Harman (Suzhou) Audio and Infotainment Systems Co., Ltd. Mar 2013 Audio product sales 5,795 Over 50% N
Harman Automotive Electronic Systems (Suzhou) Co., Ltd. Sep 2006 Audio product R&D and production 465,961 Over 50% Y
Harman Commercial (Shanghai) Co., Ltd. Oct 2010 Audio product sales 367 Over 50% N
Harman Connected Services Solutions (Chengdu) Co., Ltd. Aug 2007 Connected Service Provider 12,426 Over 50% N
Harman Holding Limited May 2007 Audio product sales 648,529 Over 50% Y
Harman International (China) Holdings Co., Ltd. Jun 2009 Audio product sales and R&D 685,227 Over 50% Y
Harman Technology (Shenzhen) Co., Ltd. Sep 2004 Audio product sales and R&D 40,712 Over 50% N
Samsung Display Apr 2012 Display panel production and sales 65,328,568 Over 50% Y
SU Materials Aug 2011 Display panel component production 37,027 Over 50% N
STECO Jun 1995 Semiconductor component production 132,675 Over 50% Y

Semiconductor/FPD manufacturing
SEMES Jan 1993
equipment production and sales 2,187,919 Over 50% Y
Samsung Electronics Service Oct 1998 Electronics goods repair services 795,640 Over 50% Y
Samsung Electronics Service CS Oct 2018 Customer management services 23,897 Over 50% N
Samsung Electronics Sales Jul 1996 Electronic goods sales 1,358,597 Over 50% Y
Samsung Electronics Logitech Apr 1998 Total logistics services 465,079 Over 50% Y
Samsung Medison Jul 1985 Medical device production and sales 629,302 Over 50% Y
Stellarforest Dec 2022 Food manufacturing and processing 7,255 Over 50% N
Semiconductor software development
Mirero System Jan 1994 39,931 Over 50% N
and supply
Dowoo Insys Mar 2010 Display panel component production 142,726 Over 50% Y
GF Co., Ltd. Oct 2015 Display panel component production 8,418 Over 50% N
Semiconductor software development
Harman Korea Jan 2005 16,696 Over 50% N
and supply

Classified
(Y/N)
SVIC #21 Venture Capital Union Nov 2011
SVIC #22 Venture Capital Union Nov 2011 17,438 Over 50% N
investments
investments
SVIC #28 Venture Capital Union Feb 2015 337,949 Over 50% Y
investments
SVIC #29 Venture Capital Union Apr 2015 34,222 Over 50% N
investments
SVIC #32 Venture Capital Union Aug 2016 223,258 Over 50% Y
investments
SVIC #33 Venture Capital Union Nov 2016 315,348 Over 50% Y
investments
investments
SVIC #40 Venture Capital Union Jun 2018 37,275 Over 50% N
investments
SVIC #42 Venture Capital Union Nov 2018
investments 33,102 Over 50% N
SVIC #43 Venture Capital Union Dec 2018
investments 17,093 Over 50% N
SVIC #45 Venture Capital Union May 2019
SVIC #48 Venture Capital Union Dec 2019
SVIC #52 Venture Capital Union May 2021 77,174 Over 50% N
investments
SVIC #55 Venture Capital Union Sep 2021 155,442 Over 50% Y
investments
investments
SVIC #57 Venture Capital Union Aug 2022 33,102 Over 50% N
investments
SVIC #62 Venture Capital Union Mar 2023 17,093 Over 50% N
investments
Private Equity Fund for Semiconductor Growth Mar 2017 Semiconductor industry investments 175,893 Over 50% N
Private Equity Fund for Co-existence of System
Apr 2020 Semiconductor industry investments 85,250 Over 50% Y
Semiconductor Firms
General Private Equity Fund for Semiconductor Ecosystem Jul 2023 Semiconductor industry investments 753 Over 50% N
Companies with over KRW 75 billion in total assets as of December 31, 2022 are classified as major subsidiaries.
See 『II. Businesses Overview』 for detailed information about major business segments.

(Changes in subsidiaries)
Europe/ MEA Asia ex

Americas China Domestic Total Increase Decrease
CIS /Africa China
As of
Dec 31 55 75 19 30 33 29 241 - -
2020
[Americas: 9]
Viv Labs. Inc.
Stellus Technologies, Inc.
SigMast Communications Inc.
Prismview, LLC
Zhilabs, Inc.
TWS LATAM B, LLC
[China: 1] TWS LATAM S, LLC
SNB Technologies, Inc. Mexico, S.A. de
Samsung Semiconductor Investment L.P. Ⅰ
C.VㆍRT SV CO-INVEST, LP
[MEA/Africa: 1] [Europe/CIS: 4]
Changes Samsung Electronics Industry and Commerce Ltd. Arcam Limited
(9) (4) 1 - (3) 2 (13) (SETK-P)
in 2021 A&R Cambridge Limited
[Domestic: 3] Harman Connected Services Limited
SVIC #52 Venture Capital Union Martin Manufacturing (UK) Ltd.
SVIC #55 Venture Capital Union [China: 4]
SVIC #56 Venture Capital Union Samsung Suzhou Module Co., Ltd. (SSM)
Samsung Suzhou LCD Co., Ltd. (SSL)
Samsung Electronics Huizhou Co., Ltd.
(SEHZ)
Shenzhen Samsung Electronics
Telecommunication Co., Ltd. (SSET)
[Domestic: 1]
SVIC #27 Venture Capital Union
As of
Dec 31 46 71 20 30 30 31 228 - -
2021
[Europe/CIS: 4]
Samsung R&D Institute Ukraine (SRUKR)
Samsung Electronics Uzbekistan FC LLC. (SEUZ)
Apostera GmbH [Americas: 1]
Apostera UA, LLC Dacor Canada Co.
Changes
(1) 1 - 2 - 2 4 [Asia ex China: 2] [Europe/CIS: 3]
in 2022
DOWOOINSYS VINA COMPANY LIMITED AMX UK Limited
Red Brick Lane Marketing Solutions Pvt. Ltd. Harman International s.r.o
Apostera GmbH
[Domestic: 2]
Stellarforest
As of
Dec 31 45 72 20 32 30 33 232 - -
2022
[Americas: 4]
[Americas: 2]
Samsung Federal, Inc. (SFI)
Dacor Holdings, Inc
Samsung Display America Holdings, Inc. (SDAH)
Dacor, Inc
eMagin Corporation
Changes Roon Labs, LLC
(1) 1 - 2 - 2 4 [Europe/CIS: 4]
in 2023
Red Bend Software Ltd.
[Domestic: 2]
Harman Finance International GP S.a.r..l
Harman Finance International, SCA
General Private Equity Fund for Semiconductor
Harman Automotive UK Limited
Ecosystem
As of
Dec 31 47 68 20 32 30 35 232 - -
2023

2. Affiliates
A. Domestic Affiliates
As of December 31, 2023, Samsung Group is consisted of 63 domestic affiliates. Among the Samsung Group’s 63 domestic
affiliates, seventeen (17) affiliates including Samsung Electronics are listed, and forty-six (46) affiliates are unlisted.
No. of
Listing Name of affiliates
affiliates
Samsung C&T; Samsung Biologics; Samsung Life Insurance; Samsung SDI; Samsung SDS; SamsungFN REIT;
Listed 17 Samsung Engineering; Samsung Electro-mechanics; Samsung Electronics; Samsung Heavy Industries; Samsung
Securities; Samsung Card; Samsung Fire & Marine Insurance; Multicampus; S1; Cheil Worldwide; Hotel Shilla
Samsung Display; Samsung Medison; Samsung Bioepis; Samsung Venture Investment Corporation; Samsung
Life Service; Samsung Futures; Samsung Active Asset Management; Samsung SRA Asset Management;
Samsung Welstory; Samsung Asset Management; Samsung Electronics Logitech; Samsung Electronics
Service; Samsung Electronics Service CS; Samsung Electronics Sales; Samsung Card Customer Service;
Samsung Corning Advanced Glass; Samsung Hedge Asset Management; Samsung Fire & Marine Insurance
Unlisted 46 Service; Samsung Claim Adjustment Service; SEMES; Suwon Samsung Bluewings FC; STECO; Shilla HM;
SD Flex; SBTM; S-1CRM; SU Materials; S-Core; STM; HDC Shilla Duty Free LTD; OpenHands; Cheil Fashion
Retail Co., Ltd.; Miracom; Mirero System; Samsung Global Research(SGR); Samsung Lions; Samsung Life
Financial Service; Samsung Fire & Marine Insurance Financial Service; Samwoo Architects & Engineers;
Seoul Lakeside CC; SECUI; CVnet Corporation; SHP Corporation; Harman International Korea; Human TSS;
Stellarforest
Total 63

B. Foreign Affiliates
No. of
Listing Name of affiliates Country
affiliates
Unlisted 562 SAMOO AUSTIN INC USA
SAMOO HU Designer and Engineering Services Limited Hungary
SAMOO DESIGNERS & ENGINEERS INDIA PRIVATE LIMITED India
SAMOO (KL) SDN. BHD. Malaysia
SAMOO Design Consulting Co.,Ltd China
Samsung Green repower, LLC USA
Samsung Solar Construction Inc. USA
QSSC, S.A. de C.V. Mexico
Samsung Solar Energy LLC USA
Equipment Trading Solutions Group, LLC USA
SP Armow Wind Ontario LP Canada
SRE GRW EPC GP Inc. Canada
SRE GRW EPC LP Canada
SRE SKW EPC GP Inc. Canada
SRE SKW EPC LP Canada
SRE WIND PA GP INC. Canada
SRE WIND PA LP Canada
SRE GRS Holdings GP Inc. Canada
SRE GRS Holdings LP Canada
SRE K2 EPC GP Inc. Canada
SRE K2 EPC LP Canada
SRE KS HOLDINGS GP INC. Canada
SRE KS HOLDINGS LP Canada
SP Belle River Wind LP Canada
SRE Armow EPC GP Inc. Canada
SRE Armow EPC LP Canada
North Kent Wind 1 LP Canada
SRE Wind GP Holding Inc. Canada
South Kent Wind LP Inc. Canada
Grand Renewable Wind LP Inc. Canada
SRE North Kent 2 LP Holdings LP Canada
SRE Solar Development GP Inc. Canada
SRE Solar Development LP Canada
SRE Windsor Holdings GP Inc. Canada
SRE Southgate Holdings GP Inc. Canada
SRE Solar Construction Management GP Inc. Canada
SRE Solar Construction Management LP Canada
SRE BRW EPC GP INC. Canada
SRE BRW EPC LP Canada

No. of
affiliates
SRE North Kent 1 GP Holdings Inc Canada
SRE North Kent 2 GP Holdings Inc Canada
SRE Belle River GP Holdings Inc Canada
SRE NK1 EPC GP Inc Canada
SRE NK1 EPC LP Canada
SRE Summerside Construction GP Inc. Canada
SRE Summerside Construction LP Canada
Monument Power, LLC USA
PLL Holdings LLC USA
Grand Renewable Solar GP Inc. Canada
KINGSTON SOLAR GP INC. Canada
SP Armow Wind Ontario GP Inc Canada
South Kent Wind GP Inc. Canada
Grand Renewable Wind GP Inc. Canada
North Kent Wind 1 GP Inc Canada
SP Belle River Wind GP Inc Canada
Samsung Solar Energy 1 LLC USA
Samsung Solar Energy 2 LLC USA
Samsung Solar Energy 3, LLC USA
CS SOLAR LLC USA
5S ENERGY HOLDINGS, LLC USA
SungEel Recycling Park Thuringen GmbH Germany
POSS-SLPC, S.R.O Slovakia
Solluce Romania 1 B.V. Romania
S.C. Otelinox S.A Romania
WARIS GIGIH ENGINEERING AND TECHNOLOGY SDN. BHD. Malaysia
Samsung Chemtech Vina LLC Vietnam
Samsung C&T Thailand Co., Ltd Thailand
Malaysia Samsung Steel Center Sdn.Bhd Malaysia
S&G Biofuel PTE.LTD Singapore
PT. Gandaerah Hendana Indonesia
PT. Inecda Indonesia
VISTA CONTRACTING AND DEVELOPMENT BANGLADESH LTD. Bangladesh
Vista NEXT Limited Bangladesh
WELVISTA COMPANY LIMITED Vietnam
SAMSUNG CONST. CO. PHILS. Philippines
SAMSUNG TRADING (SHANGHAI) CO., LTD China
Samsung Precision Stainless Steel(pinghu) Co.,Ltd. China
Samsung Japan Corporation Japan
Samsung R&D Institute Japan Co. Ltd. Japan
Samsung Electronics America, Inc. USA
Samsung Electronics Canada, Inc. Canada
Samsung Electronics Mexico S.A. De C.V. Mexico
No. of
affiliates
Samsung Electronics Ltd. United Kingdom
Samsung Electronics (UK) Ltd. United Kingdom
Samsung Electronics Holding GmbH Germany
Samsung Electronics Iberia, S.A. Spain
Samsung Electronics France S.A.S France
Samsung Electronics Hungarian Private Co. Ltd. Hungary
Samsung Electronics Italia S.P.A. Italy
Samsung Electronics Europe Logistics B.V. Netherlands
Samsung Electronics Benelux B.V. Netherlands
Samsung Electronics Overseas B.V. Netherlands
Samsung Electronics Polska, SP.Zo.o Poland
Samsung Electronics Portuguesa, Unipessoal, Lda. Portugal
Samsung Electronics Nordic Aktiebolag Sweden
Samsung Electronics Austria GmbH Austria
Samsung Electronics Slovakia s.r.o Slovakia
Samsung Electronics Europe Holding Cooperatief U.A. Netherlands
Samsung Electronics Display (M) Sdn. Bhd. Malaysia
Samsung Electronics (M) Sdn. Bhd. Malaysia
Samsung Vina Electronics Co., Ltd. Vietnam
Samsung Asia Pte. Ltd. Singapore
Samsung India Electronics Private Ltd. India
Samsung R&D Institute India-Bangalore Private Limited India
Samsung Electronics Australia Pty. Ltd. Australia
PT Samsung Electronics Indonesia Indonesia
Thai Samsung Electronics Co., Ltd. Thailand
Samsung Malaysia Electronics (SME) Sdn. Bhd. Malaysia
Samsung Electronics Hong Kong Co., Ltd. Hong Kong
Suzhou Samsung Electronics Co., Ltd. China
Samsung (CHINA) Investment Co., Ltd. China
Samsung Electronics Suzhou Semiconductor Co., Ltd. China
Tianjin Samsung Electronics Co., Ltd. China
Samsung Electronics Taiwan Co., Ltd. Taiwan
Tianjin Samsung Telecom Technology Co., Ltd. China
Shanghai Samsung Semiconductor Co., Ltd. China
Samsung Electronics Suzhou Computer Co., Ltd. China
Samsung Semiconductor (China) R&D Co., Ltd. China
Samsung (China) Semiconductor Co., Ltd. China
Samsung SemiConductor Xian Co., Ltd. China
Samsung Gulf Electronics Co., Ltd. Utd.Arab Emir.
Samsung Electronics Egypt S.A.E Egypt
Samsung Electronics South Africa(Pty) Ltd. South Africa
Samsung Electronics Latinoamerica(Zona Libre), S. A. Panama
Samsung Eletronica da Amazonia Ltda. Brazil
No. of
affiliates
Samsung Electronics Argentina S.A. Argentina
Samsung Electronics Chile Limitada Chile
Samsung Electronics Rus Company LLC Russian Fed.
Samsung Electronics Rus Kaluga LLC Russian Fed.
Tianjin Samsung LED Co., Ltd. China
Samsung Biologics America, Inc. USA
Samsung Bioepis United States Inc. USA
SAMSUNG BIOEPIS UK LIMITED United Kingdom
Samsung Bioepis NL B.V. Netherlands
Samsung Bioepis CH GmbH Switzerland
Samsung Bioepis PL Sp z o.o. Poland
SAMSUNG BIOEPIS AU PTY LTD Australia
SAMSUNG BIOEPIS NZ LIMITED New Zealand
Samsung Biopeis TW Limited Taiwan
Samsung Bioepis HK Limited Hong Kong
SAMSUNG BIOEPIS IL LTD Israel
SAMSUNG BIOEPIS BR PHARMACEUTICAL LTDA Brazil
Intellectual Keystone Technology LLC USA
Samsung Display America Holdings, Inc USA
Samsung Display Slovakia, s.r.o., v likvidacii Slovakia
Samsung Display Vietnam Co., Ltd. Vietnam
Samsung Display Noida Private Limited India
Samsung Display Dongguan Co., Ltd. China
Samsung Display Tianjin Co., Ltd. China
Novaled GmbH Germany
SEMES America, Inc. USA
SEMES (XIAN) Co., Ltd. China
NeuroLogica Corp. USA
Samsung HVAC America, LLC USA
SmartThings, Inc. USA
Samsung Oak Holdings, Inc. USA
Joyent, Inc. USA
TeleWorld Solutions, Inc. USA
Samsung Semiconductor, Inc. USA
Samsung Research America, Inc USA
Samsung Electronics Home Appliances America, LLC USA
Samsung International, Inc. USA
Harman International Industries, Inc. USA
Samsung Federal, Inc. USA
Samsung Austin Semiconductor LLC. USA
AdGear Technologies Inc. Canada
SAMSUNG NEXT LLC USA
SAMSUNG NEXT FUND LLC USA
No. of
affiliates
Samsung Mexicana S.A. de C.V Mexico
Samsung Electronics Digital Appliance Mexico, SA de CV Mexico
eMagin Corporation USA
Harman International Japan Co., Ltd. Japan
Harman International Industries Canada Ltd. Canada
Harman Becker Automotive Systems, Inc. USA
Harman Professional, Inc. USA
Harman Connected Services, Inc. USA
Harman Financial Group LLC USA
Roon Labs, LLC USA
Harman Belgium SA Belgium
Harman France SNC France
Red Bend Software SAS France
Harman Inc. & Co. KG Germany
Harman KG Holding, LLC USA
Harman Becker Automotive Systems Italy S.R.L. Italy
Harman Industries Holdings Mauritius Ltd. Mauritius
Harman International Mexico, S. de R.L. de C.V. Mexico
Harman International Estonia OU Estonia
Harman Singapore Pte. Ltd. Singapore
Harman da Amazonia Industria Eletronica e Participacoes Ltda. Brazil
Harman do Brasil Industria Eletronica e Participacoes Ltda. Brazil
Harman Connected Services Engineering Corp. USA
Harman Connected Services AB. Sweden
Harman Connected Services UK Ltd. United Kingdom
Harman Connected Services Corp. India Pvt. Ltd. India
Global Symphony Technology Group Private Ltd. Mauritius
Harman International (India) Private Limited India
Harman de Mexico, S. de R.L. de C.V. Mexico
Samsung Semiconductor Europe Limited United Kingdom
Samsung Semiconductor Europe GmbH Germany
Samsung Electronics GmbH Germany
Samsung Electronics Czech and Slovak s.r.o. Czech Republic
SAMSUNG ELECTRONICS BALTICS SIA Latvia
Samsung Electronics West Africa Ltd. Nigeria
Samsung Electronics East Africa Ltd. Kenya
Samsung Electronics Saudi Arabia Ltd. Saudi Arabia
Samsung Electronics Israel Ltd. Israel
Samsung Electronics Tunisia S.A.R.L Tunisia
Samsung Electronics Pakistan(Private) Ltd. Pakistan
Samsung Electronics South Africa Production (pty) Ltd. South Africa
Samsung Electronics Turkiye Turkiye
Samsung Electronics Industry and Commerce Ltd. Turkiye
No. of
affiliates
Samsung Semiconductor Israel R&D Center, Ltd. Israel
Samsung Electronics Levant Co.,Ltd. Jordan
Samsung Electronics Maghreb Arab Morocco
Samsung Electronics Venezuela, C.A. Venezuela
Samsung Electronics Peru S.A.C. Peru
Samsung Electronics Ukraine Company LLC Ukraine
Samsung R&D Institute Ukraine Ukraine
Samsung R&D Institute Rus LLC Russian Fed.
Samsung Electronics Central Eurasia LLP Kazakhstan
Samsung Electronics Caucasus Co. Ltd Azerbaijan
Samsung Electronics Uzbekistan FC LLC Uzbekistan
Corephotonics Ltd. Israel
Samsung Nanoradio Design Center Sweden
Harman Professional Denmark ApS Denmark
Studer Professional Audio GmbH Switzerland
Martin Professional Japan Ltd. Japan
Harman International Romania SRL Romania
Apostera UA, LLC Ukraine
Harman Becker Automotive Systems GmbH Germany
Harman Deutschland GmbH Germany
Harman Becker Automotive Systems Manufacturing Kft Hungary
Harman RUS CIS LLC Russian Fed.
Harman Holding Gmbh & Co. KG Germany
Harman Management Gmbh Germany
Harman Hungary Financing Ltd. Hungary
Harman Connected Services OOO Russian Fed.
Harman Professional Kft Hungary
Harman Consumer Nederland B.V. Netherlands
Red Bend Ltd. Israel
Harman International Industries Limited United Kingdom
AKG Acoustics Gmbh Austria
Harman Audio Iberia Espana Sociedad Limitada Spain
Harman Holding Limited Hong Kong
Harman Finland Oy Finland
Harman Connected Services GmbH Germany
Harman Connected Services Poland Sp.zoo Poland
Harman Connected Services Solutions (Chengdu) Co., Ltd. China
Harman International Industries PTY Ltd. Australia
Harman Connected Services Morocco Morocco
Samsung Electronics Switzerland GmbH Switzerland
Samsung Electronics Romania LLC Romania
SAMSUNG Zhilabs, S.L. Spain
Porta Nuova Varesine Building 2 S.r.l. Italy
No. of
affiliates
Samsung Electronics Poland Manufacturing SP.Zo.o Poland
Samsung Electronics Greece S.M.S.A Greece
Samsung Electronics Air Conditioner Europe B.V. Netherlands
FOODIENT LTD. United Kingdom
Samsung Denmark Research Center ApS Denmark
Samsung Cambridge Solution Centre Limited United Kingdom
Samsung Electronics Japan Co., Ltd. Japan
Samsung Electronics Singapore Pte. Ltd. Singapore
Samsung Electronics New Zealand Limited New Zealand
Samsung Electronics Philippines Corporation Philippines
Samsung R&D Institute BanglaDesh Limited Bangladesh
Samsung Electronics Vietnam Co., Ltd. Vietnam
Samsung Electronics Vietnam THAINGUYEN Co., Ltd. Vietnam
Samsung Electronics HCMC CE Complex Co., Ltd. Vietnam
Samsung Nepal Services Pvt, Ltd Nepal
Red Brick Lane Marketing Solutions Pvt. Ltd. India
PT Samsung Telecommunications Indonesia Indonesia
Laos Samsung Electronics Sole Co., Ltd Laos
iMarket Asia Co., Ltd. Hong Kong
Samsung Suzhou Electronics Export Co., Ltd. China
Samsung Mobile R&D Center China-Guangzhou China
Samsung R&D Institute China-Shenzhen China
Beijing Samsung Telecom R&D Center China
Samsung Electronics China R&D Center China
Harman (Suzhou) Audio and Infotainment Systems Co., Ltd. China
Harman Technology (Shenzhen) Co., Ltd. China
Harman (China) Technologies Co., Ltd. China
Harman Commercial (Shanghai) Co., Ltd. China
Harman International (China) Holdings Co., Ltd. China
Harman Automotive Electronic Systems (Suzhou) Co., Ltd. China
Samsung Electronics Latinoamerica Miami, Inc. USA
Samsung Electronica Colombia S.A. Colombia
Samsung Electronics Panama. S.A. Panama
Samsung SDI Japan Co., Ltd. Japan
Samsung SDI America, Inc. USA
Samsung SDI Hungary., Zrt. Hungary
Samsung SDI Europe GmbH Germany
Samsung SDI Battery Systems GmbH Austria
Samsung SDI Vietnam Co., Ltd. Vietnam
Samsung SDI Energy Malaysia Sdn, Bhd. Malaysia
Samsung SDI India Private Limited India
Samsung SDI(Hong Kong) Ltd. Hong Kong
Samsung SDI China Co., Ltd. China
No. of
affiliates
Samsung SDI-ARN (Xi'An) Power Battery Co., Ltd. China
Samsung SDI (Tianjin) Battery Co.,Ltd. China
STARPLUS ENERGY LLC. USA
SAMSUNG SDI WUXI CO.,LTD. China
Tianjin Samsung SDI Co., Ltd. China
Samsung Electro-Machanics Japan Co., Ltd. Japan
Samsung Electro-Mechanics America, Inc. USA
Samsung Electro-Mechanics Mexico, S.A. de C.V. Mexico
Samsung Electro-Mechanics GmbH Germany
Samsung Electro-Mechanics Philippines, Corp. Philippines
Calamba Premier Realty Corporation Philippines
Samsung Electro-Mechanics Pte Ltd. Singapore
Samsung Electro-Mechanics Vietnam Co., Ltd. Vietnam
Samsung Electro-Mechanics Software India Bangalore Private Limited India
Tianjin Samsung Electro-Mechanics Co., Ltd. China
Samsung High-Tech Electro-Mechanics(Tianjin) Co., Ltd. China
Samsung Electro-Mechanics (Shenzhen) Co., Ltd. China
Kunshan Samsung Electro-Mechanics Co., Ltd. China
Batino Realty Corporation Philippines
Samsung Fire & Marine Management Corporation USA
SAMSUNG FIRE & MARINE INSURANCE COMPANY OF EUROPE LTD. United Kingdom
PT. Asuransi Samsung Tugu Indonesia
SAMSUNG VINA INSURANCE COMPANY LIMITED Vietnam
Samsung Reinsurance Pte. Ltd. Singapore
Samsung Property & Casualty Insurance Company(China), Ltd. China
Samsung Fire & Marine Insurance Management Middle East Limited Utd.Arab Emir.
Camellia Consulting Corporation USA
Samsung Heavy Industries India Pvt.Ltd. India
SAMSUNG HEAVY INDUSTRIES (M) SDN.BHD Malaysia
Samsung Heavy Industries(Rongcheng) Co., Ltd China
SAMSUNG HEAVY INDUSTRIES NIGERIA LIMITED Nigeria
Samsung Heavy Industries Mozambique LDA Mozambique
Samsung Heavy Industries Rus LLC Russian Fed.
SHI - MCI FZE Nigeria
Samsung Life Insurance (Thailand) Public Co., Ltd Thailand
Beijing Samsung Real Estate Co.. Ltd China
Samsung Asset Management (New York), Inc. USA
Samsung Global SME Private Equity Manager Fund Co., Ltd. Cayman Islands
Samsung Asset Management U.S. Holdings, Inc. USA
Samsung Private Equity Fund 2022 GP, Ltd. Cayman Islands
Samsung Co-Investment 2021 GP, Ltd. Cayman Islands
Samsung Asset Management(London) Ltd. United Kingdom
Samsung Private Equity Manager I Co., Ltd. Cayman Islands
No. of
affiliates
Samsung Asset Management (Hong Kong) Ltd. Hong Kong
Samsung C&T Japan Corporation Japan
Samsung C&T America Inc. USA
Samsung E&C America, INC. USA
Samsung Renewable Energy Inc. Canada
Samsung C&T Oil & Gas Parallel Corp. USA
Samsung C&T Lima S.A.C. Peru
Samsung C&T Deutschland GmbH Germany
Samsung C&T U.K. Ltd. United Kingdom
Samsung C&T ECUK Limited United Kingdom
Whessoe engineering Limited United Kingdom
SAM investment Manzanilo.B.V Netherlands
Samsung C&T Corporation Poland LLC Poland
Samsung C&T (KL) Sdn.,Bhd. Malaysia
Samsung C&T Malaysia SDN. BHD Malaysia
Erdsam Co., Ltd. Hong Kong
Samsung C&T India Private Limited India
Samsung C&T Corporation India Private Limited India
Samsung C&T Singapore Pte., Ltd. Singapore
SAMSUNG C&T Mongolia LLC. Mongolia
Samsung C&T Eng.&Const. Mongolia LLC. Mongolia
S&WOO CONSTRUCTION PHILIPPINES,INC. Philippines
VSSC STEEL CENTER LIMITED LIABILITY COMPANY Vietnam
Vista Contracting and Investment Global Pte. Ltd. Singapore
CHEIL HOLDING INC. Philippines
Samsung C&T Renewable Energy Australia Pty Ltd Australia
Samsung C&T Hongkong Ltd. Hong Kong
Samsung C&T Taiwan Co., Ltd. Taiwan
SAMSUNG C&T (SHANGHAI) CO., LTD. China
Samsung C&T (Xi'an) Co., Ltd. China
SAMSUNG C&T CORPORATION SAUDI ARABIA Saudi Arabia
SAM Gulf Investment Limited Utd.Arab Emir.
Samsung C&T Chile Copper SpA Chile
SCNT Power Kelar Inversiones Limitada Chile
Samsung C&T Corporation Rus LLC Russian Fed.
CHEIL INDUSTRIES ITALY SRL Italy
Samsung Fashion Trading Co. ,Ltd China
SAMSUNG C&T CORPORATION VIETNAM CO., LTD Vietnam
Samsung C&T Corporation UEM Construction JV Sdn Bhd Malaysia
WELSTORY VIETNAM COMPANY LIMITED Vietnam
Shanghai Ever-Hongjun Business Mgt Service Co.,LTD China
Shanghai Welstory Food Company Limited China
LANGUAGE TESTING INTERNATIONAL, INC. USA
No. of
affiliates
PENGTAI CHINA CO.,LTD. China
PengTai Taiwan Co., Ltd. Taiwan
PENGTAI E-COMMERCE CO.,LTD China
Beijing Pengtai Borui E-commerce Co.,Ltd. China
Medialytics Inc. China
Beijing Pengtai Baozun E-commerce Co., Ltd. China
iMarket China Co., Ltd. China
Samsung Securities (America), Inc. USA
Samsung Securities (Europe) Limited. United Kingdom
Samsung Securities (Asia) Limited. Hong Kong
Samsung SDS America, Inc. USA
SAMSUNG SDS GSCL Canada., Ltd. Canada
Samsung SDS Europe, Ltd. United Kingdom
Samsung SDS Global SCL Hungary, Kft. Hungary
Samsung SDS Global SCL Slovakia, S.R.O. Slovakia
Samsung SDS Global SCL Poland Sp. Z.o.o. Poland
Samsung GSCL Sweden AB Sweden
Samsung SDS Global SCL France SAS France
Samsung SDS Global SCL Italy S.R.L. A Socio Unico Italy
Samsung SDS Global Supply Chain Logistics Spain S.L.U Spain
Samsung SDS Global SCL Netherlands Cooperatief U.A. Netherlands
Samsung SDS Global SCL Germany GmbH Germany
Samsung SDS Global SCL Romania S.R.L Romania
Samsung SDS Asia Pacific Pte, Ltd. Singapore
Samsung Data Systems India Private Limited India
Samsung SDS Vietnam Co., Ltd. Vietnam
PT. Samsung SDS Global SCL Indonesia Indonesia
Samsung SDS Global SCL Philippines Co., Ltd.Inc. Philippines
Samsung SDS Global SCL Thailand Co.,Ltd Thailand
SAMSUNG SDS MALAYSIA SDN. BHD. Malaysia
SAMSUNG SDS Global SCL Australia Pty.,Ltd. Australia
SDS-ACUTECH CO., Ltd. Thailand
ALS SDS Joint Stock Company Vietnam
SDS-MP Logistics Joint Stock Company Vietnam
Samsung SDS China Co., Ltd. China
Samsung SDS Global SCL Hong Kong Co., Ltd. Hong Kong
SAMSUNG SDS Global SCL Egypt Egypt
Samsung SDS Global SCL South Africa (PTY) Ltd. South Africa
Samsung SDS Global SCL Nakliyat ve Lojistik Anonim Sirketi Turkiye
Samsung SDS Global Supply Chain Logistics Middle East DWC-LLC Utd.Arab Emir.
Samsung SDS Latin America Solucoes Em Tecnologia Ltda. Brazil
INTE-SDS Logistics S.A. de C.V. Mexico
Samsung SDS Rus Limited Liability Company Russian Fed.
No. of
affiliates
Samsung SDS Mexico, S.A. DE C.V. Mexico
Samsung SDS Global SCL Panama S.A. Panama
Samsung SDS Global SCL Chile Limitada Chile
Samsung SDS Global SCL Peru S.A.C Peru
Samsung SDS Global SCL Colombia S.A.S Colombia
Samsung Engineering America Inc. USA
Samsung Project Management Inc. Canada
Samsung Engineering Hungary Ltd. Hungary
Samsung Engineering Italy S.R.L. Italy
Samsung Engineering (Malaysia) SDN. BHD. Malaysia
PT Samsung Engineering Indonesia Co., Ltd. Indonesia
Samsung Engineering (Thailand) Co., Ltd. Thailand
Samsung Engineering India Private Limited India
Samsung Engineering Vietnam Co., Ltd. Vietnam
Samsung Engineering Global Private Limited India
Samsung Engineering Construction(Shanghai) Co., Ltd China
Samsung Engineering Construction Xi' an Co., Ltd. China
Samsung Saudi Arabia Co., Ltd. Saudi Arabia
Muharraq Wastewater Services Company W.L.L. Bahrain
Muharraq STP Company B.S.C. Bahrain
Muharraq Holding Company 1 Ltd. Utd.Arab Emir.
Samsung Ingenieria Mexico Construccion Y Operacion S.A. De C.V. Mexico
Samsung Engineering Trinidad Co., Ltd. Trinidad,Tobago
Samsung Ingenieria Manzanillo, S.A. De C.V. Mexico
Grupo Samsung Ingenieria Mexico, S.A. De C.V. Mexico
Samsung Ingenieria Energia S.A. De C.V. Mexico
Samsung Engineering Bolivia S.A Bolivia
Samsung Ingenieria DUBA S.A. de C.V. Mexico
Samsung Engineering Kazakhstan L.L.P. Kazakhstan
SEA Construction, LLC USA
SEA Louisiana Construction, L.L.C. USA
Samsung EPC Company Ltd. Saudi Arabia
Muharraq Holding Company 2 Ltd. Utd.Arab Emir.
Asociados Constructores DBNR, S.A. de C.V. Mexico
S-1 CORPORATION HUNGARY LLC Hungary
S-1 CORPORATION VIETNAM CO., LTD Vietnam
Samsung Beijing Security Systems China
Pengtai Greater China Company Limited Hong Kong
PENGTAI INTERACTIVE ADVERTISING CO.,LTD China
Cheil USA Inc. USA
Cheil Central America Inc. USA
Iris Worldwide Holdings Limited United Kingdom
CHEIL EUROPE LIMITED United Kingdom
No. of
affiliates
Cheil Germany GmbH Germany
Cheil France SAS France
CHEIL SPAIN S.L Spain
Cheil Benelux B.V. Netherlands
Cheil Nordic AB Sweden
Cheil India Private Limited India
Cheil (Thailand) Ltd. Thailand
Cheil Singapore Pte. Ltd. Singapore
CHEIL VIETNAM COMPANY LIMITED Vietnam
Cheil Integrated Marketing Philippines, Inc. Philippines
CHEIL MALAYSIA SDN. BHD. Malaysia
Cheil New Zealand Limited New Zealand
Cheil Worldwide Australia Pty Ltd Australia
CHEIL CHINA China
Cheil Hong Kong Ltd. Hong Kong
Caishu (Shanghai) Business Consulting Co., Ltd China
Cheil MEA FZ-LLC Utd.Arab Emir.
Cheil South Africa (Pty) Ltd South Africa
CHEIL KENYA LIMITED Kenya
Cheil Communications Nigeria Ltd. Nigeria
Cheil Worldwide Inc./Jordan LLC. Jordan
Cheil Ghana Limited Ghana
Cheil Egypt LLC Egypt
Cheil Maghreb LLC Morocco
Cheil Brasil Comunicacoes Ltda. Brazil
Cheil Mexico, S.A. de C.V. Mexico
Cheil Chile SpA. Chile
Cheil Peru S.A.C. Peru
CHEIL ARGENTINA S.A. Argentina
Cheil Rus LLC Russian Fed.
Cheil Ukraine LLC Ukraine
Cheil Kazakhstan LLC Kazakhstan
Samsung Hospitality America Inc. USA
Shilla Travel Retail Pte. Ltd. Singapore
Samsung Shilla Business Service Beijing Co., Ltd. China
Shilla Travel Retail Hong Kong Limited Hong Kong
HDC SHILLA (SHANGHAI) CO., LTD China
Samsung Hospitality U.K. Ltd. United Kingdom
Samsung Hospitality Europe GmbH Germany
SAMSUNG HOSPITALITY ROMANIA SRL Romania
Samsung Hospitality Vietnam Co., Ltd. Vietnam
Samsung Hospitality Philippines Inc. Philippines
Samsung Hospitality India Private Limited India
No. of
affiliates
Samsung Venture Investment (Shanghai) Co., Ltd. China
Iris (USA) Inc. USA
Iris Atlanta, Inc. USA
89 Degrees, Inc. USA
The Barbarian Group LLC USA
McKinney Ventures LLC USA
Iris Nation Worldwide Limited United Kingdom
Iris Americas, Inc. USA
Irisnation Latina No.2, S. de R.L. de C.V. Mexico
Irisnation Latina, S. de R.L. de C.V. Mexico
Pricing Solutions Ltd Canada
Iris London Limited United Kingdom
Iris Promotional Marketing Ltd United Kingdom
Iris Ventures 1 Limited United Kingdom
Founded Partners Limited United Kingdom
Iris Digital Limited United Kingdom
Iris Amsterdam B.V. Netherlands
Iris Ventures (Worldwide) Limited United Kingdom
WDMP Limited United Kingdom
Iris Services Limited Dooel Skopje Macedonia
Irisnation Singapore Pte. ltd. Singapore
Iris Worldwide Integrated Marketing Private Limited India
Iris Sydney PTY Ltd Australia
Iris Worldwide (Thailand) Limited Thailand
Iris Partners LLP United Kingdom
Holdings BR185 Limited Brit.Virgin Is.
Iris Germany GmbH Germany
Founded, Inc. USA
Pepper NA, Inc. USA
Beattie McGuinness Bungay Limited United Kingdom
Cheil Italia S.r.l Italy
Cheil Austria GmbH Austria
Centrade Integrated SRL Romania
Centrade Cheil HU Kft. Hungary
Centrade Cheil Adriatic D.O.O. Serbia/Monten.
Experience Commerce Software Private Limited India
PT. CHEIL WORLDWIDE INDONESIA Indonesia
Cheil Philippines Inc. Philippines
Shilla Retail Plus Pte. Ltd. Singapore
Tianjin Samsung International Travel Service Co., Ltd China
Shilla Retail Limited Macau
BNY Trading Hong Kong Limited Hong Kong
One Agency FZ-LLC Utd.Arab Emir.
No. of
affiliates
One RX Project Management Design and Production Limited Company Turkiye
Iris Korea Limited United Kingdom
One RX India Private Limited India
ONE RX INTERIOR DECORATION L.L.C Utd.Arab Emir.
ONE AGENCY PRINTING L.L.C Utd.Arab Emir.
Brazil 185 Participacoes Ltda Brazil
Iris Router Marketing Ltda Brazil

3. Equity investments in other corporations (Details)
The total book value of equity investments in other corporations as of December 31, 2023 is KRW 59,247 billion (for the purpose of management participation, etc.).
[As of December 31, 2023] (1,000 shares, KRW million, %)
Beginning Balance Increase/Decrease Ending Balance Current Financial Stats

Acquisition Acquisition Net
Listing Name of Company Objective Owner Book Acquisition/Disposal Owner
Date Cost Qty Valuation Qty Book Value Total Asset Income
ship (%) Value Qty Amount ship (%)
(Loss)
Samsung Electro- Management
Listed 1977.01 250 17,693 23.7 445,244 - - - 17,693 23.7 445,244 11,657,872 450,482
Mechanics Participation
Management
Listed Samsung SDI 1977.01 304 13,463 19.6 1,242,605 - - - 13,463 19.6 1,242,605 34,038,860 2,066,047
Participation
Samsung Heavy Management
Listed 1977.09 125 134,027 15.2 684,879 - - 353,832 134,027 15.2 1,038,711 15,593,400 -155,600
Industries Participation
Management
Listed Hotel Shilla 1979.12 252 2,005 5.1 166,592 - - -35,483 2,005 5.1 131,108 3,006,539 85,978
Participation
Management
Listed Cheil Worldwide 1988.09 185 29,038 25.2 491,599 - - - 29,038 25.2 491,599 2,889,505 190,122
Participation
Management
Listed Samsung SDS 1992.07 6,160 17,472 22.6 560,827 - - - 17,472 22.6 560,827 12,321,025 701,326
Participation
Management
Listed Samsung BioLogics 2011.04 30,000 22,217 31.2 1,595,892 - - - 22,217 31.2 1,595,892 16,046,197 857,691
Participation
Management
Unlisted Samsung Display 2012.04 16,009,547 221,969 84.8 18,509,307 - - - 221,969 84.8 18,509,307 65,328,568 8,268,314
Participation
Management
Unlisted STECO 1995.06 24,000 2,590 70.0 35,861 - - - 2,590 70.0 35,861 132,675 779
Participation
Management
Unlisted SEMES 1992.12 1,000 2,173 91.5 71,906 - - - 2,173 91.5 71,906 2,187,919 58,754
Participation
Samsung Management
Unlisted 1998.01 30,000 6,000 99.3 48,121 - - - 6,000 99.3 48,121 795,640 10,348
Electronics Service Participation
Samsung Management
Unlisted 2000.12 3,100 1,767 100.0 247,523 - - - 1,767 100.0 247,523 1,358,597 2,515
Electronics Sales Participation
Samsung Management
Unlisted 1999.04 76 1,011 100.0 46,669 - - - 1,011 100.0 46,669 465,079 16,540
Electronics Logitech Participation
Management
Unlisted Samsung Medison 2011.02 286,384 87,350 68.5 433,026 - - 31,206 87,350 68.5 464,232 629,302 81,673
Participation
Samsung Global Management
Unlisted 1991.05 320 3,576 29.8 24,942 - - - 3,576 29.8 24,942 183,742 203
Research Participation
Samsung Venture Management
Unlisted 1999.11 4,900 980 16.3 32,073 - - 213 980 16.3 32,286 199,098 2,185
Investment Participation
Management
Unlisted SVIC #21 2011.11 19,800 0 99.0 970 - -871 - 0 99.0 99 82,411 4,596
Participation
Management
Unlisted SVIC #22 2011.11 19,800 0 99.0 49,520 - -34,650 - 0 99.0 14,870 17,438 -3,932
Participation
Management
Unlisted SVIC #26 2014.11 19,800 1 99.0 75,653 - -14,850 - 1 99.0 60,803 27,631 -7,983
Participation
Management
Unlisted SVIC #28 2015.02 7,425 0 99.0 35,486 - -7,920 - 0 99.0 27,566 337,949 -24,526
Participation
Management
Unlisted SVIC #32 2016.08 19,800 1 99.0 143,421 - -24,057 - 1 99.0 119,364 223,258 -35,160
Participation
Management
Unlisted SVIC #33 2016.11 4,950 1 99.0 122,622 - -10,098 - 1 99.0 112,524 315,348 -9,228
Participation
Management
Unlisted SVIC #42 2018.11 4,950 0 99.0 43,477 - 967 - 0 99.0 44,444 33,102 -3,706
Participation
Management
Unlisted SVIC #45 2019.05 19,800 2 99.0 191,323 - -32,577 - 2 99.0 158,746 175,893 -12,472
Participation
Management
Unlisted SVIC #52 2021.05 9,900 0 99.0 49,599 - - - 0 99.0 49,599 77,174 30,345
Participation
Management
Unlisted SVIC #56 2021.11 22,084 0 99.0 32,380 - 24,136 - 1 99.0 56,516 56,070 556
Participation
Management
Unlisted SVIC #57 2022.08 14,850 0 99.0 18,860 - 22,631 - 0 99.0 41,491 37,155 -4,393
Participation
Semiconductor Management 50,000, -17,693, 32,306,
Unlisted 2017.03 500 66.7 50,000 -17,693 - 66.7 32,307 58,356 15,619
Growth Fund Participation 000 020 980
System LSI Mutual
Management 50,000, 50,000,
Unlisted benefit private 2020.04 25,000 62.5 50,000 - - - 62.5 50,000 79,856 194
Participation 000 000
equity trust
Semiconductor Management
Unlisted 2023.07 500 - - - - 500 - 500,000 66.7 500 753 -249
Ecosystem Fund Participation
Management
Unlisted Stellarforest 2022.12 900 180 100.0 900 - - - 180 100.0 900 7,255 1,227
Participation
Management
Listed Rainbow Robotics 2023.01 58,982 - - - 2,854 58,982 - 2,854 14.8 58,982 132,611 -843
Participation
Management
Listed iMarket Korea 2000.12 1,900 647 1.9 6,538 - - -977 647 1.9 5,560 1,373,717 24,301
Participation
Simple
Listed KT Skylife 2001.12 3,344 240 0.5 1,954 - - -533 240 0.5 1,421 1,220,732 -109,517
Investment
Simple
Listed Yongpyong Resort 2007.05 1,869 400 0.8 1,412 - - -192 400 0.8 1,220 1,004,552 9,079
Investment
Listed ATech Solution 2009.11 Simple 26,348 1,592 15.9 12,879 - - 4,362 1,592 15.9 17,241 269,808 1,359
Investment
Management
Listed Wonik Holdings 2013.12 15,411 1,759 2.3 5,972 - - -44 1,759 2.3 5,928 1,830,611 -37,468
Participation
Management
Listed Wonik IPS 2016.04 16,214 1,851 3.8 45,811 - - 17,029 1,851 3.8 62,839 1,084,863 -13,508
Participation
Management
Listed Dongjin Semichem 2017.11 48,277 2,468 4.8 73,913 - - 21,594 2,468 4.8 95,507 1,606,588 123,534
Participation
Management
Listed Soulbrain Holdings 2017.11 30,752 462 2.2 10,989 -462 -15,515 4,526 - - - - -
Participation
Management
Listed Soulbrain 2020.07 24,866 373 4.8 81,357 64 15,515 36,079 437 5.6 132,951 996,470 129,491
Participation
Management
Listed S&S Tech 2020.08 65,933 1,716 8.0 45,220 - - 32,520 1,716 8.0 77,740 256,771 25,855
Participation
Management
Listed YIK Corp 2020.08 47,336 9,602 11.7 26,933 - - 20,932 9,602 11.7 47,864 479,837 13,436
Participation
Management
Listed KCTech 2020.11 20,720 1,022 4.9 15,129 - - 12,267 1,022 4.9 27,395 499,635 31,701
Participation
Management
Listed lotvacuum 2020.11 18,990 1,268 7.1 14,325 - - 11,219 1,268 7.1 25,544 366,912 49,060
Participation
NEW POWER Management
Listed 2020.11 12,739 2,141 4.9 7,579 - - 3,661 2,141 4.9 11,240 673,589 14,825
PLASMA Participation
Management
Listed FineSemitech 2021.03 43,009 1,523 7.0 23,758 - - 13,783 1,523 7.0 37,541 412,550 -15,073
Participation
Management
Listed DNF 2021.08 20,964 810 7.0 10,692 - - 8,708 810 7.0 19,400 165,587 5,174
Participation
Simple
Listed Marvell 2021.10 11,705 173 0.0 8,130 - - 5,338 173 0.0 13,468 27,372,028 -1,219,132
Investment
The Korea Simple
Unlisted 1987.05 150 72 0.4 365 - - - 72 0.4 365 707,762 33,516
Economic Daily Investment
Korea Business Simple
Unlisted 1995.01 5,000 1,000 17.2 2,964 - - - 1,000 17.2 2,964 86,700 1,164
Banking Investment
Simple
Unlisted Cyber Bank 2000.12 8,000 1,083 7.5 - - - - 1,083 7.5 - - -
Investment
Simple
Unlisted FineChips 2001.12 10 2 3.3 10 - - - 2 3.3 10 16,450 883
Investment
Simple
Unlisted Inkel 2006.11 130 0 0.0 0 - - - 0 0.0 0 11,123 972
Investment
Intellectual Simple
Unlisted 2011.05 5,000 357 10.7 1,922 - - - 357 10.7 1,922 71,809 3,682
Discovery Investment
Simple
Unlisted Maltani Corp. 2012.04 16,544 45 15.0 7,431 - - 460 45 15.0 7,891 86,711 750
Investment

Simple
Unlisted Pantech 2013.06 53,000 53,000 10.0 - - - - 53,000 10.0 - - -
Investment
AI Research Simple
Unlisted 2016.07 3,000 600 14.3 3,000 - - - 600 14.3 3,000 4,107 1,832
Institute Investment
Management
Unlisted Mico Ceramics 2020.11 21,667 747 13.7 29,385 - - 4,587 747 13.7 33,973 250,981 42,068
Participation
Shinsung Eng & Simple
Unlisted 2010.07 1 0 0.0 0 - - - 0 0.0 0 139,416 -9,416
Construction Investment
Simple
Unlisted Woobang 2010.07 - 1 0.0 0 - - - 1 0.0 0 514,572 -34,684
Investment
Simple
Unlisted Sambo Computer 2012.09 - 0 0.0 0 - - - 0 0.0 0 49,422 -3,055
Investment
Daewoo Simple
Unlisted 2012.12 - 0 0.0 0 - - - 0 0.0 0 149,587 -136,767
Development Investment
Daewoo Songdo Simple
Unlisted 2012.12 - 9 0.0 0 - - - 9 0.0 0 19,369 -350
Development Investment
Simple
Unlisted Zyle Motor Sales 2012.12 - 1 0.0 0 - - - 1 0.0 0 196,194 -23,417
Investment
Sungwon Simple
Unlisted 2014.04 - 1 0.0 0 - - - 1 0.0 0 27,744 -627
Construction Investment
Simple
Unlisted Inhee 2014.04 - 0 0.1 0 - - - 0 0.1 0 2,418 177
Investment
Simple
Unlisted Point Anybeam 2019.12 61 12 3.5 61 -12 -61 - - - - - -
Investment
Simple
Unlisted JNT 2011.02 1,800 0 24.0 1,758 - -518 - 0 24.0 1,240 2,173 18
Investment
Simple
Unlisted L&S 2012.07 848 - 7.5 1 - - - - 7.5 1 3,239 2
Investment
Simple
Unlisted KTCNP-GC 2013.12 960 - 3.6 222 - -222 - - - - - -
Investment
POSCO Social Simple
Unlisted 2013.12 600 - 10.0 60 - -60 - - - - - -
Enterprise Fund Investment
Simple
Unlisted Bearport Resort 2022.04 - 51 0.5 0 - - - 51 0.5 0 115,380 -9,846
Investment
Management
Unlisted SEA 1978.07 59,362 492 100.0 17,166,557 - - - 492 100.0 17,166,557 41,926,899 509,668
Participation
Management
Unlisted SECA 1992.08 3,823 0 100.0 90,922 - - - 0 100.0 90,922 1,302,924 75,479
Participation
Management 77,205, 77,205,
Unlisted SEDA 1994.01 13,224 87.0 647,620 - - - 87.0 647,620 5,542,627 333,812
Participation 709 709
Management
Unlisted SEM 1995.07 3,032 3,837 63.6 165,638 - - - 3,837 63.6 165,638 2,153,032 148,873
Participation
Management
Unlisted SELA 1989.04 319 40 100.0 86,962 - - - 40 100.0 86,962 649,150 45,612
Participation
Management
Unlisted SEASA 1996.06 4,696 21,854 98.0 6,779 - - - 21,854 98.0 6,779 83,075 18,833
Participation
Management
Unlisted SECH 2002.12 597 - 4.1 597 - - - - 4.1 597 524,530 25,826
Participation
Management
Unlisted SEUK 1995.07 33,908 109,546 100.0 433,202 - - - 109,546 100.0 433,202 2,902,722 185,113
Participation
Management
Unlisted SEL 1998.12 8,280 4,393 100.0 - - - - 4,393 100.0 - 7,212 -
Participation
Management
Unlisted SEHG 1982.02 28,042 - 100.0 354,846 - - - - 100.0 354,846 438,172 93,092
Participation
Management
Unlisted SEF 1991.08 230 2,700 100.0 234,115 - - - 2,700 100.0 234,115 1,265,823 65,460
Participation
Management
Unlisted SEI 1993.05 862 677 100.0 143,181 - - - 677 100.0 143,181 1,053,955 56,071
Participation
Management
Unlisted SESA 1989.01 3,276 8,021 100.0 142,091 - - - 8,021 100.0 142,091 1,266,167 46,746
Participation
Management
Unlisted SEP 1982.09 204 1,751 100.0 37,616 - - - 1,751 100.0 37,616 304,248 10,591
Participation
Management
Unlisted SEH 1991.05 1,954 753 100.0 650,157 - - - 753 100.0 650,157 1,426,079 577,538
Participation
Management
Unlisted SELS 1991.05 18,314 1,306 100.0 24,288 - - - 1,306 100.0 24,288 1,639,004 4,984
Participation
Management
Unlisted SEBN 1995.07 236 539,138 100.0 914,751 - - - 539,138 100.0 914,751 1,794,552 140,313
Participation
Management
Unlisted SEEH 2008.01 4,214 - 100.0 1,369,992 - - - - 100.0 1,369,992 9,660,481 103,387
Participation
Management
Unlisted SENA 1992.03 392 1,000 100.0 69,372 - - - 1,000 100.0 69,372 591,101 35,047
Participation
Management
Unlisted SESK 2002.06 8,976 - 55.7 263,767 - - - - 55.7 263,767 928,129 83,304
Participation
Management
Unlisted SEPOL 1996.04 5,462 106 100.0 78,267 - - - 106 100.0 78,267 1,384,273 108,288
Participation
Management
Unlisted SEAG 2002.01 40 - 100.0 32,162 - - - - 100.0 32,162 519,776 166,348
Participation
Management
Unlisted SERC 2006.01 24,877 - 100.0 188,290 - - - - 100.0 188,290 839,493 40,845
Participation
Management
Unlisted SERK 2007.07 4,600 - 100.0 204,555 - - - - 100.0 204,555 1,030,743 64,771
Participation
Management
Unlisted SEO 1997.01 120 0 100.0 -10,043 - - - 0 100.0 -10,043 1,913 50
Participation
Management
Unlisted SGE 1995.05 827 0 100.0 32,836 - - - 0 100.0 32,836 1,027,977 -2,365
Participation
Management
Unlisted SEEG 2012.07 23 - 0.1 39 - - - - 0.1 39 1,348,469 156,005
Participation
Management
Unlisted SSA 1998.12 263 2,000 100.0 32,622 - - - 2,000 100.0 32,622 527,416 23,826
Participation
Management
Unlisted SAPL 2006.07 793 877,133 100.0 981,483 - - - 877,133 100.0 981,483 22,234,942 14,140,195
Participation
Management
Unlisted SME 2003.05 4,796 17,100 100.0 7,644 - - - 17,100 100.0 7,644 618,803 18,490
Participation
Management
Unlisted SDMA 1995.03 21,876 71,400 75.0 18,741 - - - 71,400 75.0 18,741 26,388 2,908
Participation
Management
Unlisted SEMA 1989.09 4,378 16,247 100.0 103,402 - - - 16,247 100.0 103,402 313,767 23,877
Participation
Management
Unlisted SAVINA 1995.01 5,839 - 100.0 28,365 - - - - 100.0 28,365 110,276 18,161
Participation
Management
Unlisted SEIN 1991.08 7,463 46 100.0 118,909 - - - 46 100.0 118,909 1,110,178 170,952
Participation
Management
Unlisted TSE 1988.01 1,390 11,020 91.8 279,163 - - - 11,020 91.8 279,163 3,039,379 150,510
Participation
Management
Unlisted SEAU 1987.11 392 53,200 100.0 111,964 - - - 53,200 100.0 111,964 612,161 44,768
Participation
Management
Unlisted SIEL 1995.08 5,414 216,787 100.0 75,263 - - - 216,787 100.0 75,263 7,738,259 1,153,256
Participation
Management
Unlisted SRI-Bangalore 2005.05 7,358 17 100.0 31,787 - - - 17 100.0 31,787 430,987 79,895
Participation
Management
Unlisted SJC 1975.12 273 1,560 100.0 253,108 - - - 1,560 100.0 253,108 1,013,103 -5,381
Participation
Management
Unlisted SRJ 1992.08 3,120 122 100.0 117,257 - - - 122 100.0 117,257 136,782 1,792
Participation
Management
Unlisted SCIC 1996.03 23,253 - 100.0 640,452 - - - - 100.0 640,452 10,222,557 189,887
Participation
Management
Unlisted SEHK 1988.09 349 274,250 100.0 79,033 - - - 274,250 100.0 79,033 985,438 26,885
Participation
Management
Unlisted SET 1994.11 456 27,270 100.0 112,949 - - - 27,270 100.0 112,949 1,797,627 56,467
Participation
Management
Unlisted TSEC 1993.04 15,064 - 48.2 103,134 - - - - 48.2 103,134 382,260 11,732
Participation
Management
Unlisted SSEC 1995.04 32,128 - 69.1 130,551 - - - - 69.1 130,551 636,160 84,614
Participation
Management
Unlisted SESC 2002.09 5,471 - 73.7 34,028 - - - - 73.7 34,028 94,528 10,678
Participation
Management
Unlisted TSTC 2001.03 10,813 - 90.0 260,092 - - - - 90.0 260,092 646,732 5,167
Participation
Management
Unlisted SSS 2001.01 1,200 - 100.0 19,189 - - - - 100.0 19,189 5,262,086 244,210
Participation
Management
Unlisted SCS 2012.09 111,770 - 100.0 5,275,760 - - - - 100.0 5,275,760 15,808,283 877,892
Participation
Management
Unlisted SSCX 2016.04 1,141 - 100.0 1,141 - - - - 100.0 1,141 854,932 47,820
Participation
Management
Unlisted SESS 1994.12 18,875 - 100.0 504,313 - - - - 100.0 504,313 869,225 95,067
Participation
Management
Unlisted TSLED 2012.04 119,519 - 100.0 119,519 - - - - 100.0 119,519 257,820 16,380
Participation
Management
Unlisted SSCR 2006.09 3,405 - 100.0 9,332 - - - - 100.0 9,332 89,911 16,465
Participation
Management
Unlisted TSST Japan 2004.03 1,639 30 49.0 - - - - 30 49.0 - 232,877 -
Participation
Management
Unlisted STE 1996.01 4,206 2 49.0 - - - - 2 49.0 - 7,405 -
Participation
Semiconductor Simple
Unlisted 2002.12 38 0 1.2 10 - - - 0 1.2 10 2,016 9
Portal Inc. Investment
Simple
Unlisted Nanosys Inc. 2010.08 4,774 2,000 0.6 1,082 - - -1,082 2,000 0.6 - 55,449 -164,399
Investment
Management
Unlisted One-Blue, LLC 2011.07 1,766 - 16.7 1,766 - - - - 16.7 1,766 25,051 563
Participation
Simple
Unlisted TidalScale Inc. 2013.08 1,112 2,882 4.3 1,112 -2,882 - -1,112 - - - - -
Investment
Simple
Unlisted Sentiance NV 2012.12 3,422 7 7.2 3,422 - - - 7 7.2 3,422 5,015 -10,711
Investment
Simple
Unlisted Mantis Vision Ltd. 2014.01 1,594 355 2.1 1,980 - - -1,980 355 2.1 0 14,234 14
Investment
Leman Micro Simple
Unlisted 2014.08 1,019 17 3.4 1,019 - - -1,019 17 3.4 0 1,868 -3,111
Devices SA Investment
Simple
Unlisted Sensifree LTD 2016.01 2,111 666 9.5 2,111 - - -2,111 666 9.5 0 473 -1,552
Investment
Simple
Unlisted Unispectral Ltd. 2016.02 1,112 2,308 7.9 2,130 - - -1,327 2,308 7.9 803 5,076 -864
Investment
Simple
Unlisted Quobyte, Inc. 2016.04 2,865 729 11.8 2,865 - - -2,865 729 11.8 0 4,322 1,272
Investment
Simple
Unlisted Afero, Inc. 2016.05 5,685 723 5.5 5,685 - - - 723 5.5 5,685 46,935 -13,857
Investment
Simple
Unlisted Graphcore Limited 2016.06 3,494 12,000 1.4 3,494 - - -425 12,000 1.4 3,069 273,484 -259,662
Investment
Simple
Listed SoundHound Inc. 2016.12 7,059 1,703 0.9 3,820 - - 835 1,703 0.9 4,655 194,857 -116,162
Investment
Simple
Unlisted Fasetto, Inc. 2019.01 6,701 475 5.2 12,554 - - -12,554 475 5.1 0 5,160 -8,899
Investment
※ Based on separate financial statements
※ Ownership percentage is calculated based on the number of common shares issued
※ The Company measures fair value of financial instruments (equity shares) in accordance with K-IFRS. The Company annually evaluates if there is indication of impairment that investment in subsidiaries
or affiliates may be impaired, and estimates the recoverable amount of assets with indication of impairment.
※ Financial stats of Sungwon Construction is as of December 31 2016, financial stats of Daewoo Songdo Development is as of December 31 2017,
financial stats of Mantis Vision is as of December 31 2021, financial stats of Nanosys, Sentiance, Leman Micro Devices, Sensifree, Afero, Graphcore is as of December 31 2022, financial stats of
One-Blue is as of March 31 2023, financial stats of Inkel, Unispectral is as of September 30 2023 and financial stats of Quobyte is as of October 31 2023 due to difficulties in obtaining the most
recent financial data.

4. R&D results (detailed)
DX Division
Visual Display
Neo QLED 8K □ Ultra high-resolution, slim 8K TV based on Mini LED technology (65ㆍ75ㆍ85")
March 2021–March 2023 - QN900 (65 ㆍ 75 ㆍ 85") / QN800 (65 ㆍ 75 ㆍ 85") / QN700 (55 ㆍ 65 ㆍ 75 ")
- QLED 8K resolution offers real-life viewing experience with enhanced contrast of sophisticated Mini LED
- Added the feature of OTS Pro (Object Tracking Sound Pro)
Neo QLED 4K □ Mini LED-based products come in 3 series and up to 7 sizes (43ㆍ50ㆍ55ㆍ65ㆍ75ㆍ85ㆍ98")
March 2021–March 2023 □ Slim design by adopting Mini LED, premium look with bezel-less/metal design
- New LED with Quantum Nano-Layer Multi-Cell structure, enabling slim design, high luminance efficiency, luminance
profile control
- Enhanced gradation by four times; expresses bright and dark areas more elaborately
OLED TV □ Quantum-Dot-based self-emitting Display Flat 4K TV (55ㆍ65ㆍ77")
~August 2023 - S95(55 ㆍ 65 ㆍ 77")/S90(55 ㆍ 65 ㆍ 77")
- QD-Display TV that provides TV’s true value with full applications from Quantum-Dot-based high-definition self-emitting
Display and sleek Blade Slim Design to OTS and True Ch. ATMOS
□ White OLED-based self-emitting Display Flat 4K TV (83")
- S90 (83")
- Strengthened OLED lineup alongside Neo QLED to fortify positioning in the premium TV market by Strengthened OLED
lineup along with Neo QLED to fortify positioning in the premium TV market
 Incorporated a laser slim design, emphasizing the TVs thinnest part, leveraging the features of a self-emitting display
 Integrated OTS Lite and ATMOS to provide customers with an immersive 3D sound experience
QLED TV □ Flat QLED 4K TV (43ㆍ50ㆍ55ㆍ60ㆍ65ㆍ70ㆍ75ㆍ82ㆍ85ㆍ98")
~March 2023 □ Specs and features
- Flagship QLED maximizes viewing experience with unrivaled picture quality within 4K (AI/brightness/viewing angle) and
sound quality (OTS)
- Maximizes immersive experience with ideal brightness contrast, free viewing angle, life-like color, and optimal brightness
- Optimizes viewing experience by identifying user context based on voice recognition and AI technologies
- Convenient calibration of picture quality with the touch of a button from a mobile device without expensive, professional
equipment
- Upgraded gaming experience for casual gamers through Game Bar 3.0
UHD TV □ Flat UHD TV (43ㆍ50ㆍ55ㆍ58ㆍ65ㆍ70ㆍ75ㆍ82ㆍ85")
~March 2023 □ Specs and features
- UHD Smart TV with slim, bezel-less design provides colors close to real-life
- UHD picture quality expresses picture quality of original content through Dynamic Crystal Color and Dual LED
- Provides a multi-media screen experience, rich content, and complete smart experience via smart home experience
- Enhanced Smart experiences with the addition of Game Home, IoT Hub, and Watch/Chat together functions

DX Division
Lifestyle TV □ The SERO (43")
~April 2023 - Simple, modern vertical screen that rotates 360 degrees with flat-type speaker
- Easily installed in any living space, mobile floor stand included
- Significantly improved VoC compared to existing products with anti-glare/anti-reflective screen even for rotated form
factor
□ The Frame (32ㆍ43ㆍ50ㆍ55ㆍ65ㆍ75ㆍ85")
- Design resembles a real picture frame; completes a picture frame experience
- Exhibit various famous paintings and pictures; adopted lifestyle design which blends in with the interior
- Additional introduction of 85" to meet the needs for ultra-large Lifestyle products
- Completes the Real Frame experience with the anti-glare/anti-reflective screen that shows a paper-like image
□ The Serif (43ㆍ49ㆍ55ㆍ65")
- I-shaped serif font design; distinct from other products; works as beautiful interior design object
- Additional introduction of 65" to expand the position of large screen products
- Design that resembles a piece of furniture with the anti-glare/anti-reflective screen that shows a matte image
□ The Terrace (55ㆍ65ㆍ75")
- Differentiated product tailored to a lifestyle of relaxing and enjoying entertainment outdoors
□ The Premiere (100–130")
- Ultra-short-throw laser projector with high-resolution, providing a top-notch Smart UX/OTT experience
- Complements any environment with blended design, can be placed directly in front of a wall and has an easily
adjustable screen size.
- Complete experience of our TV models including the differentiated picture quality and sound
□ The Freestyle (30–100")
- Movable Smart Screen that enables users to enjoy content anytime, anywhere
- Easy to set up in various locations and provides an optimal viewing experience regardless of angle/distance (Auto
Focus/Auto Keystone)
- Added usability via the basic cradle, enabling easy placement in various locations; and the socket adapter expands
usability.
Micro-LED TV □ The Wall 2.0 (110")
~December 2023 - Released completed version of Micro-LED to strengthen technology leadership and dominance of Micro-LED market
- Ultra-large Home Screen that reproduces the real world on display
- Micro-LED picture quality with a sense of space and depth that seems like the real thing without limitation on resolution
□ Micro-LED Screen (76 ㆍ 89 ㆍ 101 ㆍ 114")
- Next-generation flagship model that satisfies premium customer and distribution needs
- Released completed version of TFT glass-based 12.7" module (pitch 0.51) microLED Screen
- microLED Processor: creates vivid 3D picture quality based on AI scaling + HDR enhancing features
Sound Bar □ Soundbar
~March 2022 - Bar-shaped audio product well suited to TVs
- Adopted AI solution enabling voice recognition
- Adopted 3D surround system, creating enriching sounds close to first-hand experiences
□ Sound Bar Q990B
- Industry’s first wireless ATMOS transmission from TV to soundbar
- Provides the optimal Cinema True ATMOS just like in the cinema, utilizing all channels of TV and soundbar
- Equipped with soundbar room-correction technology

DX Division
Monitor □ Space monitor
January 2021–September 2023 - Application of integrated arm stand that minimizes space needed for the monitor
□ Neo QLED Gaming monitor (49”)
- Strengthened black gamut based on enhanced brightness contrast by applying Neo QLED
- More immersive gaming experience with 1000R curvature—the world’s highest
□ High-resolution QHD monitor (34”)
- Offers picture solution comfortable to the eye with Intelligent Eye Care solution, etc.
□ LCD Smart monitor
- Enjoy VOD services without using a PC via Smart TV services (Netflix, YouTube, etc.)
□ Smart monitor M80B (32")
- Ultra-slim, flat back, lifestyle design that adopts Warm White color
- Includes magnetic-mount webcam
- Strengthened smart experiences (watching VOD/connecting mobile devices/PC-less function/IoT/communication/game)
□ Gaming monitor G85NB (32")
- World’s first UHD 240Hz 1ms (GTG) gaming monitor with premium gaming performance features (1000R Curved)
- Odyssey Neo that offers a new level of picture quality experience (Mini LED, Quantum HDR2000)
□ World’s first 1000R large game screen G97NB (55")
- Offers top-notch immersive experience with a large screen-size without viewing-angle limitations—even near-field
viewing angles—via 1000R, 16:9, 55" Big Curved Screen
- Provides a new immersive experience, almost like sitting in the cockpit of a space shuttle, by allowing users to rotate the
screen vertically and in any direction
- Game-exclusive panel that offers a 4K 165Hz refresh rate and 1ms response time
□ QD-OLED gaming monitor (G85SB 34")
- Exquisite expression of various colors with the combination of True RGB self-luminous display and quantum dot
technology
- Can play games with an extremely fast response time of 0.1ms and clear screen with 175Hz refresh rate
- Implemented an all-in-one game streaming discovery platform, including cloud gaming and consoles, with the adoption
of the Samsung Gaming Hub
□ 5K ultra-high resolution monitor (S90PC 27")
- 5K (5120x2880) resolution that expresses more information, with at least 50% more pixels compared to a 4K monitor
- Matte Display reduces glare without a monitor hood and eliminates distortion, thus protecting your eyesight
- Equipped with thunderbolt 4 and miniDP, compatible with both MAC/Windows
- “Smart Screen” can be customized to satisfy your work/daily life/space needs
□ DUHD Flagship Gaming Monitor (G95NC 57”)
- Allows users to experience maximum immersion with the new super large form factor (57”) and ultra-high definition Dual
UHD (7680X2160)
- Can play games with a clear screen with 240Hz refresh rate and extremely fast 1 ms response time
Signage □ LCD-based B2B Smart Signage (LFD, Video Wall, Outdoor, etc.) (13ㆍ24ㆍ32ㆍ43ㆍ49ㆍ50ㆍ55ㆍ65ㆍ75ㆍ85ㆍ98")
~June 2023 □ Indoor/outdoor signage using LED
□ All-in-one Kiosk (24”), all additional equipment embedded
- Payment platform for developing Tizen payment module and ordering app, antibacterial finishing
□ Flip-edu (75ㆍ85”) interactive feature for education

DX Division
Home appliances
Refrigerators □ 1-Door Premium Kitchen Fit Refrigerator (freezer/fridge/kimchi/wine)
~October 2023 - Adopted premium Bespoke design and new CMF
- Automatic door opening technology
- Applied Water & Ice Solution: Auto Fill Pitcher, Dual Auto Ice Maker (cocktail ice, standard ice)
□ 177cm one-door built-in fridge enters the European market
- Expanded lineup of built-in packages
- Highest energy rating based on new standards
- Secured superior capacity of the indirect cooling system
- Differentiated features of fresh storage of food (high-humidity refrigeration) and temperature flexibility
(freezer→refrigerator)
□ Address replacement demand and new demand for 48” refrigerators in the North American market
- Large capacity of 27.4cf for a built-in refrigerator
- Differentiated Ice & Water Solution (Auto Fill Water Pitcher, Dual Auto Ice Maker)
- Soft-closing doors give the product an high-quality, luxurious ambience
□ Introduced a super-gap energy model in Korea (achieved first-class rating for its ultra-energy-efficiency, 22% achieved the
first-class)
- Applies one of the world’s most efficient compressor (W1, EER 9.3)
- Reduced the SET heat load (with increased VIP Coverage)
- Enhanced heat dissipation in machine room (additional side cooling on the comp side)
□ Introduced 4-Door Kitchen Fit Refrigerator in Korea
- Provides separate space for subdivided food material storage and low-temperature ripening (strengthened usability with
various modes for fermenting kimchi, defrosting meat, fermenting dough, etc.)
- Introduced high-efficiency model with grade 1 rating according to revised Energy Efficiency Standard
Washer □ Agitator washer
~October 2023 - Entrance to the North American market for Agitator (occupied 50% of the Top Loader market)
- Implementation of ActiveWave™ Agitator which enables heavy washing along with the reduction of noise, vibration, and
entanglement
- Implementation of Active Water Jet which enables pretreating of soiled or heavily stained clothes
□ Eco-friendly dryer with new refrigerant for Europe
- Eco-friendly refrigerant: applied environmentally friendly R290 to reduce GHG emissions
- Energy label of A+++: achieved the highest energy rating in Europe
- Sensor Dry: senses the degree of dryness during the drying process, capable of automatically adjusting from additional
drying to ending the process
- Simple UX: improved product usability (delivery of detailed information on drying and customized panel setting)
Hygiene Care: eliminates over 99% of three common types of harmful bacteria (Bacillus pyocyaneus, Escherichia coli,
and Staphylococcus aureus)
□ Grande AI 24kg washer
- 24kg, Flat Design (glass type)
- Features pet-care cycle (removes stains, smell, and allergens)
- Applied auto door opening (door opens automatically after the washing cycle ends)
□ BESPOKE Grande AI 20kg dryer
- Largest available and first 20kg dryer in Korean market, flat design
- Features pet-care cycle (specialized in removing fur)
- Applied auto door opening (door opens automatically after the drying cycle ends)
- Added temperature/humidity sensor to provide dehumidification solutions that sense humidity in the laundry room
□ BESPOKE Grande AI OneBody Top-Fit
- BESPOKE Grande AI all-in-one washer for Korean market
- One-body design with 21 kg washer and 17 kg dryer all-in-one combo
- Simple flat design

DX Division
Air conditioner □ Bespoke Window Fit air conditioner (17m2, green/blue/pink/beige/gray)
~August 2023 - Convenient self-installation with the integrated indoor/outdoor unit
- Strong rotational cooling with double wings which quickly circulate cold air
- Twin inverter compressor that enables low noise and vibration level of 37dB, as quiet as a library
- Up to 70% lower power consumption in silent mode
□ Increased revenue in the European market with an enhanced lineup that adopts the new the EHS platform
- Low-frequency noise regulation: met limits for noise regulation of each European country, centering on Germany
- Reinforced low-temperature performance: full heating performance at -25℃
- High-temperature discharged water: discharged water of up to 70℃ in a single heat pump cycle
- Differentiated design: deep dark color 1 fan outdoor AC unit that harmoniously blends in with the living environment
□ BESPOKE wind-free air conditioner WindowFit
- Wind-free mode cools air without directly blowing wind into the room
- Low-noise mode, with a 32dB level, reduces vibration and noise for better sleep
- Selection of high efficient energy saving modes tailored to different situations
- Enhanced cooling capabilities and larger fans enable stronger and more consistent cooling for a wider area
- Safe and simple installation kit allows for a seamless installation
□ Infinite Line 1Way BESPOKE wind-free built-in air conditioner
- Ambient indirect edge lighting that creates a natural ambiance in the space
- Wind-free on wider area with high-efficiency energy saving mode
- 8-stage care system including for management of air quality and the inside of the air conditioner
- AI energy mode for energy reduction tailored to different situations
□ New platform for the new Eco Heating System refrigerant (R290) for the European market
- Introduced a new refrigerant (R290) solution to comply with 2027 regulations
- High-temperature discharged water (max 75℃) for boiler market’s alternatives
- Achieved low noise (minimum 35dBA)
Vacuums □ Bespoke Jet Stick Vacuum (up to 210W suction)
~September 2023 - Embedded auto-empty dustbin, smart display of information via LCD Display
- Wet Brush dispenses water, thinner cotton-flannel brush
□ Jet Bot AI Robot Vacuum
- Seamless navigation with the realization of world’s best object recognition capability (up to 1 cm3) by developing Active
3D sensor and applying it—a world’s first
- AI autonomous navigation that recognizes house structure and types of objects
- Strong suction with jet cyclone and digital inverter motor
- Integrated Clean Station which automatically empties dustbin when the Jet Bot starts charging
- More convenient cleaning with SmartThings (AI Smart Control)
□ Bespoke Slim Stick Vacuum
- Up to 150W suction with a strong cyclone and digital invertor mode
- Self-standing, convenient emptying of the dustbin without having to bend over (Pop & Shoot)
- Easy cleaning without pressure on the wrist (ergonomic design)
□ Bespoke Jet AI Vacuum (up to 280W suction)
- Continued to enhance suction power and the original POD (Clean Station); increased market share
- Enabled world’s strongest suction power of up to 280W, which ensures powerful and hygienic cleaning
- Auto setting of the optimal cleaning mode and provides maintenance guidance based on self-diagnosis
□ Jet Stick Vacuum 4.0 High-temperature cleaning brush
- Damp cloth brush that directly sprays high-temperature water onto stains
- Effectively removes stains by directly spraying high-temperature water (approximately 50℃ or above) onto the floor
- Quick preheating (around 20 seconds) and at least 30 minutes of use with one battery
- Enables convenient cleaning with lightweight damp cloth (1.51kg); no need to attach extra battery
Cooking appliances □ Bespoke Qooker
March 2021 - Multi-cook function allows cooking multiple dishes with different heat sources, temperatures, and cooking times.
- Cook more than one dish and finish at the same time with Multi-cook mode
- Collaborated with eight food companies to apply Qooker-exclusive algorithm
- Easy automatic cooking with just one scan using SmartThings
- Oven interior material changed from enamel to STS for more heat-efficient, sophisticated design.

DX Division
Range hoods □ Expanded lineup of premium hoods for home
February 2022 - Unparalleled performance compared to existing products
 Optimal air flow with a smart monitoring ventilation system equipped with Triple Air Sensor
 Industry’s strongest suction power of 780CMH; industry’s lowest noise (29dB, Quiet Mark certification)
- Improved user convenience by pairing with an electric range and by adopting stainless steel filters with easy-to-clean
coatings
- Design that reflects various needs of consumers (Bespoke colors)
- Entered the B2C market with easy-to-install products and adoption of installment process
Water Purifier □ Water Purifier for homes
March 2021 - Modularized water purifier upgradable and customizable to customer’s lifestyle; includes auto-care feature
- May be modularized to users’ needs (ambient/cold/hot water)
- Smart AI care, filter received highest number of NSF certification for tankless water purifier
- Bespoke water purifier, customized to users’ lifestyle and space
Clothing Care Machine □ Shoe Dresser
~May 2021 - Powerful odor elimination with Air Wash and UV odor decomposing filter
- Low temperature, delicate drying to make your everyday shoes a pleasure to wear.
- 99.9% sterilization with the application of a Xenon UVC disinfection system—a first for home appliances in Korea
- Tailored care and management of various types of shoes with Jet Shoe Tree
Inverter dehumidifier □ Ultra-quiet inverter dehumidifier with first-class energy efficiency rating in Korea
May 2022 - Fast and strong large-capacity dehumidifier with a wide blade
- Smart space care that keeps spaces from bathroom to dressing room pleasant
- Dries a wide range of clothing—even delicate items—with swing blade
- Simple design and compact size that fits anywhere
- Low-noise mode that remains quiet throughout extended hours of use
Dishwasher □ In-house technology platform that has a competitive edge in the European/Korean markets
June 2022 - Fit for Tall Tubs for the European market
- Secured competitiveness with top-notch energy/water/low-noise specifications
- Strengthened premium experiences via differentiating features, such as an automatic dispenser (for Korean detergents)
and a simple UX
- Differentiated specifications of Z-wash, Smart, Flexible Basket
Gas oven □ Dacor 48" Pro-Range for North American market
August 2023 - Introduced Heritage Style all gas 48” Pro range
- Incorporated healthier cooking POD features, such as air fry and air sous-vide
- Equipped with a 7” pop-up display
□ Dacor 48" Pro-Range (Dual Fuel) for North American market
- Introduced 48” Dual Fuel Pro range, with transitional (Chef) look design on the exterior
- Dual fuel, with electricity for the oven and gas for the cooktop
- Applied 6 burners + griddle cooktop specifications
- Combination of small oven 12” (new platform) + big oven 36” (previous platform)
- Provides Steam Assist function
Mobile eXperience
□ Galaxy Z Fold 3 5G (August 2021)
- Screen: Main display 7.6”, cover display 6.2”
- Size (W x H x D): (folded) 67.1mm x 158.2mm x 14.4~16.0mm (unfolded) 128.1mm x 158.2mm x 6.4mm
- Platform (H/W, S/W):SDM888, Android 11, One UI 3.1.1
- Supports IPX8 rating (water resistance with a depth of up to 1.5m of freshwater for up to thirty minutes), which is a first
for a foldable smartphone
Galaxy Foldable
- Strengthened durability with the application of Armor Aluminum and tempered glass of Corning Gorilla Glass Victus
~August 2023
- Equipped with 7.6” Infinity Flex Display and applied Under Display Camera
- Display screen approximately 29% brighter with the new Eco²technology
- Main/cover display all support 120Hz screen refresh rate
- Applied S-pen for the first time for foldables
- Supports both top and bottom half of the screen at any angle with Flex mode panel feature even for apps that are not
optimized
- Supports Multi Active Window, which splits the screen and allows using up to three apps at once

DX Division
□ Galaxy Z Flip 3 5G (August 2021)
- Size (W x H x D): (folded) 72.2mm x 86.4mm x 15.9~17.1mm (unfolded) 72.2mm x 166mm x 6.9mm
- Platform (H/W, S/W):SDM888, Android 11, One UI 3.1.1
- Supports IPX8 rating (water resistance with a depth of up to 1.5m of freshwater for up to thirty minutes), which is a first
for a foldable smartphone
- Strengthened durability with the application of Armor Aluminum and tempered glass of Corning Gorilla Glass Victus
- Enhanced usability of cover display: allows to scroll through up to 8 lines of notification/message and supports weather,
daily step count, and Samsung Pay
- Enhanced Flex mode: supports Auto Framing, which automatically adjusts the frame according to the number of people
within the frame, and Dual Preview
- Main display supports 120Hz screen refresh rate
□ Galaxy Z Fold 4 (August 2022)
- Size (W x H x D): (folded) 67.1mm x 155.1mm x 14.2–15.8mm (unfolded) 130.1mm x 155.1mm x 6.3mm
- Platform (H/W, S/W): Snapdragon 8+ Gen 1, Android 12.0, One UI 4.1.1
- Improved camera experience via Nightography picture/video, high-resolution (50M/8K), Space Zoom (30X) lens
- Easier and faster multi-tasking with the new Taskbar feature
- Easy-to-use Multi window thanks to various entry points
- AI-based recommendation of related features after recognition of text from an image
□ Galaxy Z Flip 4 (August 2022)
- Size (W x H x D): (folded) 71.9mm x 84.9mm x 15.9–17.1mm (unfolded) 71.9mm x 165.2mm x 6.9mm
- Platform (H/W, S/W): Snapdragon 8+ Gen 1, Android 12.0, One UI 4.1.1
- Supports 25W charging and offers 3700mAh battery
- Supports FlexCam, optimized for taking pictures/videos from various angles
- Easy and quick switch to and manipulation of applications in Flex mode
- Expanded the Cover screen function (simple reply, Samsung Wallet platform, increased Quick settings, etc.)
□ Galaxy Z Fold5 (2023.08.)
- Size (W x H x D): (folded) 67.1mm x 154.9mm x 13.4mm (unfolded) 129.9mm x 154.9mm x 6.1mm
- Platform (H/W, S/W): SM8550, Snapdragon 8 Gen 2, Android 13.0, One UI 5.1
- Slim, flat-folding design with the application of the Dumbbell Flex Hinge (waterdrop design)
- Improved portability with an enhanced grip by reducing weight and thickness
- Enhanced user experience by optimization for a large screen
- Two-handed mode: Touch and hold the app/content with one hand and perform the action you like to carry out with the
other
 Taskbar optimization: Shows more recently used apps (2→4 apps); automatically extends the navigation bar
 Enhanced Multi window switch function: Able to switch popup windows into the multi-window easily on the home
screen
 Gaming optimization: Set the preferred resolution for most-used games in advance
- Enhanced durability: Strengthened shock absorption layers within display and changed structure of the hinge set
- Slim and lightweight S-Pen and Case: Reduced the thickness and weight of S-Pen and its case by changing their shape
□ Galaxy Z Flip 5 (August 2023)
- Size (W x H x D): (folded) 71.9mm x 85.1mm x 15.1mm (unfolded) 71.9mm x 165.1mm x 6.9mm
- Platform (H/W, S/W): Snapdragon 8 Gen 2, Android 13.0, One UI 5.1
- Enlarged cover screen (1.9" → 3.4") with an optimized design
- Enhanced grip by reducing thickness and applying a slim, flat-folding design with a new hinge
- Provided key functions for differentiated user experiences and strengthened usability with the large cover screen
 Provided Fast Scroll function for 13 key widgets (music, alarm, etc.) and main apps (Samsung Wallet, message reply)
 Add more buttons (6 → 9) on the Quick Settings panel (Mobile Data, Screen Recording, Modes 3, etc.)
- Provided various photo effects and functions using the large cover screen
- Enhanced durability: Strengthened shock absorption layers within display and changed structure of the hinge set

DX Division
Galaxy S □ Galaxy S21 5GㆍS21+ 5GㆍS21 Ultra 5G (January 2021)
~February 2023 - Design: Iconic and premium full metal camera housing, bezel-less design
- Screen: S21 5G 6.2", S21+ 5G 6.7", S21 Ultra 5G 6.8"
- Size (W x H x D): S21 5G 71.2mm x 151.7mm x 7.9mm, S21+ 5G 75.6mm x 161.5mm x 7.8 mm, S21 Ultra 5G 75.6mm
x 165.1mm x 8.9 mm
- Platform (H/W, S/W): SDM888 | Exynos2100, Android 11.0, One UI 3.1
- Supports ultra-high speed 5G, Wi-Fi 6E, high-resolution camera
 Camera: S21 Ultra 108MP, S21 ㆍ S21+ 64MP, Multi Camera Recording function
 Dynamic AMOLED 2X Infinity-O display with maximum adaptive frequency of 120Hz
 Easy registration and finding objects synced with SmartTag
 Supports Digital Car Key service (S21+ 5G ㆍ S21 Ultra 5G only)
- Supports S Pen (S21 Ultra 5G only)
□ Galaxy S22ㆍS22+ㆍS22 Ultra (February 2022)
- Design: Enhanced Galaxy Design attractiveness with geometric bold design and integrity on quality
- Screen: S22 6.1", S22+ 6.6", S22 Ultra 6.8"
- Size (W x H x D): S22 70.6mm x 146.0mm x 7.6 mm, S22+ 75.8mm x 157.4mm x 7.6 mm,
S22 Ultra 77.9mm x 163.3mm x 8.9 mm
- Platform (H/W, S/W): Snapdragon 8 Gen 1 | Exynos2200, Android 12.0, One UI 4.1
- Strengthened camera video filming and low-light function performance
 Video: Improved HDR and OIS+AI Stabilizer performance to support rich colors and minimize shaking/jittering
 Enhanced low-light performance: Applies Big Pixel sensor and On-device AI algorithm
- Integrated Ultra/Note by equipping with S Pen* Optimized latency : 5.6ms (S21 Ultra) → 2.8ms (S22 Ultra)
- Improved outdoor visibility of display* Peak brightness: 1,500nit (S21 Ultra) → 1,750nit (S22 Ultra)
- Battery that can be used all-day and 45W ultra-fast charging speed (S22 Ultra/S22+)
- Enhanced durability: Adopts Amor AL and Victus+ Glass with a 10% improvement in durability
- Improved completion of Galaxy foundation experience
 One UI 4.1: sophisticated, sensible interaction experience and personal experience of users
 Galaxy Eco: improved end-to-end completion and enhanced convenient experience

DX Division
□ Galaxy S23 ㆍ S23+ㆍ S23 Ultra (February 2023)
- Design: Ultimate Premium Experience designed for today and beyond
* Unrivalled Camera, Ultimate Gaming, Eco-conscious Design
- Screen: S23 6.1", S23+ 6.6", S23 Ultra 6.8"
- Size (W x H x D): S23 70.9 x 146.3 x 7.6 mm, 168g, S23+ 76.2 x 157.8 x 7.6 mm, 195g
S23 Ultra 78.1 x 163.4 x 8.9 mm, 233g
- Platform (H/W, S/W): Snapdragon 8 Gen 2, Android 13, One UI 5.1
- Enhanced low-light performance based on AI and improved video experience
 Capable of expressing precise color and tone in portrait mode even in the dark with improved color solutions
leveraging AI-based scene optimization technology
 Less camera shake for videos thanks to increased Optical Image Stabilization (OIS) correction angle (S22 Ultra
1.5˚→ S23 Ultra3˚)
- Offers crisp and clear, high-resolution details and high-resolution camera experience
 S23 Ultra adopted ultra-high-resolution 200MP camera
 Provides optimal picture quality with auto adjustment of pixel size for sections with different lighting conditions
- Improved basic performance, such as heat dissipation and durability against drops
 Offers seamless gaming experience by enhancing heat dissipation performance, including improved power efficiency
and revamped heat dissipation structure
 Greater drop protection with adoption of Victus 2 Glass with durability enhanced by 21%
- S23 Ultra offers top-notch productivity experience with S-pen
 AI-based recommendation of related features after text recognition from an image/video
- Improved connected experience with multiple devices (phone-PC)
 Capable of mirroring the smartphone screen on a PC and continuing browsing on the same webpage
- Adds to our sustainability story with the adoption of eco-friendly materials overall from dyes to the actual materials
 Packaging box is 100% recycled paper
 Adopts recycled PBT resin to bond metal (10%), recycled metal materials adopted in side keys (30%), etc.
 Incorporated recycled glass into the front and back glass panels (25%), natural dyes when processing metals,
recycled PET films, etc.
- Strengthened privacy and security
 Visualization of security status; notification of sensitive information when sharing images; and limiting access to
private information when repairing products
Galaxy Tab □ Galaxy Tab S7 FE (June 2021)
~August 2023 - Screen: 12.4" WQXGA (2560x1600)
- Size (W x H x D) & weight: 185.0mm x 284.8mm x 6.3mm, 610g (based on the 5G/LTE model)
- SDM750G, WIFI SDM778G
- Immersive display with 12.4" large-screen display and slim bezel
- Long play time (10,090mAh, up to 13 hours of video play)
- Rich sound with the application of Dolby Atmos
- Enhanced usability of Samsung Note
 Simple conversion of handwriting to text
 Direct input with S Pen into the input box
- Enhanced function of PENUP Drawing
 Applies layer structure and provides coloring and live drawing
- Lightweight keyboard cover (330g)
- Delivery of clear voice with 50% reduction of background noise through 3 Mic
- Stronger device connectivity
 Second screen: using tablet as a supplementary monitor of PC
 Hands off: sending and continuing what you were doing on your phone to your tablet (Internet, Samsung Notes)
 Copy & paste: copy & paste of texts and images between Phone-Tablet
- Auto switching: auto-buds switching between Phone-Tablet

DX Division
□ Galaxy Tab A8 (December 2021)
- Screen: 10.5” WUXGA (1920 x 1200)
- Size (W x H x D) & weight: 161.9mm x 246.8mm x 6.9mm, 508 g
- Platform (H/W, S/W): UniSOC T618, Android 11, One UI 3
- Memory : 3GB + 32GB / 4GB + 64GB / 4GB + 128GB, microSD up to 1TB
Provides new options of RAM 4GB and ROM 128GB compared to previous model
- Established and applied the Company’s Tablet Design ID (Samsung Logo, shape and location of camera, symmetrical
sides and front & back), same colors as the Tab S8 Flagship Family (Gray, Silver, Pink Gold)
- Applies the Company’s standard tablet display ratio of 16:10, provides immersive multimedia experience with 10.5”
large-screen display and slim bezel
- Supports Dolby Atmos and features Quad Speaker, free load of apps that specialize in contents such as Samsung TV
Plus (offers free Live Streaming and VOD)
- Supports 2 Split Windows and Pop-up view with Multi-Active Window, enhanced multi-tasking experience with the
support of Drag & Split function—applied in Fold3—for the first time for tablets
- Improved usability for online classes with the support of Screen Recorder for the first time among Tab A series
 Wider support of One UI 3.1.1 Galaxy Experience (Copy&Paste, Auto Sync, Auto Switch)
□ Galaxy Tab S8ㆍS8+ㆍS8 Ultra (February 2022)
- Screen: Tab S8 11" WQXGA+ (2560 x 1600)
Tab S8+ 12.4" WQXGA+ (2800 x 1752)
Tab S8 Ultra 14.6" WQXGA+ (2960 x 1848)
- Size (W x H x D) & weight: Tab S8 165.3mm x 253.8mm x 6.3mm, 503g
Tab S8+ 185.0mm x 285.0mm x 5.7mm, 567g
Tab S8 Ultra 208.6mm x 326.4mm x 5.5mm, 726g
- Platform (H/W, S/W):Snapdragon 8 Gen 1, Android 12, One UI 4.1
- Memory : 8GB+128GB / 8GB+256GB / 12GB+256GB / 16G+512G, microSD up to 1TB
- Enhanced video call experienced
[Tab S8 Ultra] Provides dual front cameras (12M 80-degrees, 12M 120-degrees) and Auto Framing function
[Tab S8+ / Tab S8] Provides 12M 120-degree front camera and Auto Framing function
- Enhanced AP Sustain performance by improving heat sink design (gpu 70%, cpu 25%↑ compared to previous model),
enhanced gaming performance
- Improved S pen latency (5.6ms → 2.65ms) and optimized prediction algorithm
Provides seamless and precise writing experience when writing & drawing, just like a real pen, enhancements to lessen
the parallax effect
- Enhanced the audio experience of video calls by upgrading 3 MIC noise cancellation performance (3 types of noise
cancellation mode)
- Equipped with WiFi 6E function—a first for a tablet—and improved big data transmission time between devices
- Reduced charging time of Phone Power Share by half compared to the previous model by adopting D2D 15W charging
function

DX Division
□ Galaxy Tab S9ㆍS9+ㆍS9 Ultra (August 2023)
- Screen: Tab S9 11" WQXGA+ (2560 x 1600)
Tab S9+ 12.4" WQXGA+ (2800 x 1752)
Tab S9 Ultra 14.6" WQXGA+ (2960 x 1848)
- Size (W x H x D) & weight: Tab S9 254.2mm x 165.8mm x 5.9mm, 498g
Tab S9+ 285.4mm x 185.4mm x 5.7mm, 581g
Tab S9 Ultra 326.4mm x 208.6mm x 5.5mm, 732g
- Platform (H/W, S/W): Snapdragon 8 Gen 2, Android 13, One UI 5.1
- Provided large-screen experience adapted with rich color impression and various environment settings
 Adopted Dynamic AMOLED 2X technology for all models in Tab S9 series, offering clear and comfortable screen
experience
 Implemented Vision Booster technology that ensures a vibrant screen, even in direct sunlight
- Secured mobility and dependability so users can use the product anywhere without any concerns
 Achieved IP68 rating, the highest level of waterproof/dustproof accreditation
 Armor Aluminum frame protects the product from impacts

 Enhanced usability eco-system by introducing an S-Pen that can be charged in either direction, and enhanced
durability of accessories.
 Strengthened compatibility by making the keyboard and other accessories compatible with Tab FE models
 Introduced a new two-way heat dissipation structure using a vapor chamber, allowing users to use the product for a
long time without discomfort
- Secured sufficient Android App Eco system in various areas
 Strengthened key android productivity apps, including apps for taking notes, managing documents, and browsing—
e.g., Samsung note, Good note
 Secured key apps to improve usability in drawing and photo/video editing: LumaFusion, Clip studio, etc.
- Utilized eco-friendly materials throughout the product, incorporating recycled components for the exterior and tempered
glass
 Newly adopted recycled plastic on the S-Pen dock surface
 Used new recycled materials for tempered glass of the display (10%, Gorilla Glass 5)
 Used 100% recycled paper and armor aluminum (20%) for package box and recycled plastic for interior materials
Galaxy A □ Galaxy A52 LTEㆍ5G (March 2021)
~October 2023 - Offers enhanced user experience and increased competitiveness via strengthened core features
- Screen: 6.5" FHD+ sAMOLED HID (2,400 x 1,080)
- Size (W x H x D): 75.1mm x 159.9mm x 8.4mm
- Platform (H/W, S/W): SDM750G (5G)/SDM720G (LTE), Android 11, One UI 3.1
- Supreme smooth UX/Dynamic refresh rate and Brightest (6.5" sAMOLED with 120Hz (5G)/90Hz (LTE), 800nit)
- High-resolution 64MP Quad Camera (64M OIS/12M UW/5M Depth/5M Macro)
- Powerful AP with High Capacity Battery (4,500mAh)
□ Galaxy A72 (March 2021)
- Offers enhanced user experience and increase competitiveness via strengthened core features
- Screen: 6.7" FHD+ sAMOLED HID (2,400 x 1,080)
- Platform (H/W, S/W): SDM720G, Android 11, One UI 3.1
- High refresh Rate Brightest Display (6.7" FHD+ sAMOLED with 90Hz, 800nit)
- Advanced High-res/Multi Camera, More detail with blur-less
(64M OIS/12M UW/8M Tele/5M Macro)
- Long-lasting Battery with bigger capacity (5,000mAh)

DX Division
□ Galaxy A32 LTEㆍ5G (LTE: March 2021; 5G: January 2021)
- Offer enhanced user experience and increase competitiveness by strengthening core features
- Screen: LTE 6.4" FHD+ sAMOLED (2,400 x 1,080)/5G 6.5" HD+ TFT (1,600 x 720)
- Size (W x H x D): LTE 73.6mm x 158.9mm x 8.4mm/5G 76.1mm x 164.2mm x 9.1mm
- Platform (H/W, S/W): LTE G80/5G D720, Android 11, One UI 3.1
- LTE
 Brightest Display: 800nit Super AMOLED
 High Resolution Camera: 64MP Quad (64M W/8M UW/5M Macro/5M Depth)
 High Capacity Battery: 5,000mAh
- 5G
 Rich Camera Experience of 48MP Quad, Penta Mode Camera (48M W/8M UW/5M Macro/2M Depth)
- High Capacity Battery: 5000mAh
□ Galaxy Quantum2 A82 (April 2021)
- Screen: 6.7" QHD+ (3,200 x 1,440)
- Size (W x H x D) & weight: 73.8mm x 161.9mm x 8.1mm, 176g
- Platform (H/W, S/W): SDM855+, Android 11, One UI 3.1
- Applied QRNG security chip set
- Supports expansive large-screen and smooth screen transition of 120Hz
 Powerful camera that enables photographing on a professional level (ultra-wide 12MP, main 64MP, close-up 5MP)
□ Galaxy A03-Core (December 2021)
- Screen: 6.5" HD+(1600 x 720) TFT 60Hz
- Platform (H/W, S/W):UniSOC SC9863A, Android 11(Android GO)
 Enhanced CPU performance compared to previous model A01-Core (MT6739)
- Highly price efficient product that applies large-screen/high-capacity battery to address the entry market
- Enhanced display (5.3"→6.5" HD+) and battery (3,000→5,000mAh) compared to previous model A01-Core
- Screen: 6.6” FHD+ (2408 x 1080) 90Hz
- Platform (H/W, S/W):SDM680, Android 12, One UI 4.1
- 6.6" FHD+ display, supports 90Hz screen refresh rate (previous model: A22 6.4" HD+ 90Hz)
- Vivid pictures in the dark without camera shake with the adoption of high-definition 50MP OIS camera
 Adoption of high-capacity 5,000mAh battery and supports 25W ultra-fast charging
□ Galaxy A13 5G (January 2022)
- Screen: 6.5” HD+ (1600 x 720) 90Hz
- 6.5" HD+ display, supports 90Hz screen refresh rate (previous model: A12 6.5" HD+ 60Hz)
- Super-low priced 5G model for LTE user migration and expansion of the 5G market
- Strengthened AP (P35 → D700) to address entry market
- Higher definition of pictures compared to the previous model (A12 16MP) with the application of 50MP camera
□ Galaxy A13 LTE (March 2022)
- Screen: 6.6” FHD+ (2408 x 1080) 60Hz
- Platform (H/W, S/W):Exynos850, Android 12, One UI Core 4.1
- Provides better large screen experience compared to the previous model (A12 6.5" HD+) by adopting 6.6" FHD+ display
- Higher definition of pictures compared to the previous model (A12 48MP) by adopting 50MP camera
- Able to use up to two days on a single charge by applying 5,000mAh high-capacity battery and AI Power mode
□ Galaxy A73 5G (April 2022)
- Screen: 6.7” FHD+ Super AMOLED+ (1080 x 2400) 120Hz
- Platform (H/W, S/W): SDM778G, Android 12, One UI 4.1
- Vivid pictures in the dark without camera shake with the support of 108MP high-resolution picture quality and OIS
- Soft and clear screen experience with the adoption of high refresh rate of 120Hz and sAMOLED display
- Adopts 5,000mAh high-capacity battery (2-day battery life) and supports 25W ultra-fast charging speed
- Offers strong durability with the adoption of Gorilla Glass 5 and IP67 rating
- Provides the latest flagship experience with the support of One UI 4.1

DX Division
- Screen: 6.5” FHD+ Super AMOLED (1080 x 2400) 120Hz
- Platform (H/W, S/W): Exynos1280, Android 12, One UI 4.1
- 8.1t slim design and 5,000 mAh high-capacity battery (0.3t↓, 500 mAh↑ compared to previous model)
- Soft and clear screen experience provided by the combination of high refresh rate of 120Hz and fast response speed of
sAMOLED
- Enhanced glass durability with the adoption of Gorilla Glass 5
- Provides the latest flagship experience with the support of One UI 4.1
- Screen: 6.4” FHD+ Super AMOLED (1080 x 2400) 90Hz
- Platform (H/W, S/W): Exynos1280, Android 12, One UI 4.1
- Delivers enhanced screen experience with the support of 6.4” FHD+ display and 90Hz (previous model: A32-5G HD+
TFT 60Hz)
- High-definition pictures without camera shake with the adoption of 48MP OIS camera
- Enhanced durability with the adoption of Gorilla Glass 5 and support of IP67 rating for dust and water resistance
- Adopts 5,000 mAh high-capacity battery (2-day battery) and supports 25W ultra-fast charging speed
□ Galaxy A23 5G (September 2022)
- Screen: 6.6”FHD+ TFT LCD (1080 x 2408) 120Hz
- Platform (H/W, S/W): SDM695, Android 12, One UI 4.1
- Upgraded AP performance compared to previous model (A22-5G D700) with the application of SDM695
- High-resolution pictures without camera shake with the adoption of 50MP OIS camera (OIS is not supported in the North
America region)
- Provides enhanced large-screen experience compared to previous model (A22-5G 6.6" HD+ 90Hz) by adopting 6.6"
FHD+
- Applies 5,000mAh large-capacity battery (2-day battery) and supports 25W ultra-fast charging
□ Galaxy A14 5G (January 2023)
- Size (W x H x D) & weight: 78.0 x 167.7 x 9.1mm, 201g
- Platform(H/W, S/W) : D700/Exynos1330, Android 13, One UI core 5.0
- High-resolution pictures (5MP → 13MP) with adoption of higher spec front camera compared to previous model (A13-
5G)
- Enhanced screen experience compared to previous model (A13-5G 6.5" HD+) with adoption of 6.6" FHD+ large-screen
display
- Applies 5,000mAh large-capacity battery
□ Galaxy A54 5G (March 2023)
- Screen: 6.4” FHD+ Super AMOLED (2340 x 1080) 19.5:9 120Hz
- Size (W x H x D) & weight: 76.7 x 158.2 x 8.2mm, 202 g
- Platform (H/W, S/W) : Exynos1380, Android 13, One UI 5.1
- Improved visibility through enhanced performance of AP picture quality, fine-tuning by light condition, and peak
brightness of 1,000nit
- Maximized performance by offering optimal refresh rate of 120Hz and boosted battery efficiency
- Provides rich haptics experience thanks to elaborate adjustment of linear motor vibration
- Enhanced balanced design and premium CMF (adopts 6.4”, 19.5:9)
- Offers the latest flagship experience with One UI 5.1
□ Galaxy A34 5G (March 2023)
- Screen: 6.6" FHD+ Super AMOLED (2340 x 1080) 120Hz
- Platform (H/W, S/W) : MT6877V, Android 13, One UI 5.1
- Offers enhanced screen experience by featuring 6.6" FHD+, 1,000nit brightness, and 120Hz refresh rate
- High-resolution pictures without camera shake with adoption of 48MP OIS camera
- Equipped with a linear motor, which provides haptics experience of a flagship model

DX Division
- Platform (H/W, S/W): Exynos 850/G80, Android 13, One UI core 5.1
- Offers enhanced selfie experience (8MP → 13MP) with adoption of higher spec front camera compared to previous
model (A13)
- Applies 5,000mAh large-capacity battery
□ Galaxy A24 (May 2023)
- Screen: 6.5” FHD+ sAMOLED U-Cut (1080 x 2340) 90Hz
- Platform (H/W, S/W): G99, Android 13, One UI core 5.1
- Enhanced selfie experience (8MP →13MP) with adoption of higher spec front camera compared to A23
- Records videos without camera shake via the adoption of new VDIS in addition to the previous OIS feature
- Offers improved outdoor visibility compared to the A23, with wider color gamut spectrum, providing a brighter and more
convenient screen experience
□ Galaxy A05s (October 2023)
- Screen : 6.7" FHD+ TFT LCD U-cut (1080 x 2400) 90Hz
- Size (W x H x D) & weight : 77.8mm x 168.0mm x 8.8mm, 194g
- Platform (H/W, S/W): SDM680, Android 13, One UI core 5.1
- Drives market volume/share in entry-level LTE market
- Higher spec than the previous A04S: Equipped with high-performance AP (Exynos850 8nm → SDM680 6nm) and high-
spec front camera (5MP → 13MP)
- Adoption of high-capacity global 5,000 mAh battery and supports 25W ultra-fast charging (15W → 25W)
□ Galaxy A05 (October 2023)
- Screen : 6.7" HD+ TFT LCD U-cut (720 x 1600) 60Hz
- Size (W x H x D) & weight : 78.2mm x 168.8mm x 8.8mm, 195g
- Platform(H/W, S/W) : G85, Android 13, One UI Core 5.1
- Provides enhanced multimedia experiences with supports of large screen (6.7") and high-resolution camera (50MP)
- Improves customers’ product usability by incorporating high-performance AP (CPU 33%↑, GPU 150% compared to the
previous model)
- Able to use long period on a 30-minute-charge with 25W fast charging
Galaxy Book □ Galaxy Book Go (April 2021)
~February 2023 - Screen: 14" FHD (1920 x 1080)
- Size (W x H x D) & weight: 323.9mm x 224.8mm x 14.9mm, 1,380g
- Platform: 2nd-generation Snapdragon 7C Gen 2, Windows 10
- Supports LTE that enables Internet anywhere anytime
- Slim design optimized for portability (14.9mm thick)
- Rich sound with the application of Dolby Atmos
- Long play time (up to 18 hours of battery life)
- Stronger connectivity between Tablet-Phone
 Quick Share: easy share of files between phone and tablet
 Second Screen: using tablet as a supplementary monitor of PC
 Galaxy Book Smart Switch: simple sending of data from the previous notebook
 SmartThings: syncing smart devices

DX Division
□ Galaxy Book2 Pro 360 (April 2022)
- Screen: 15.6” FHD Super AMOLED (16:9), up to 500nit (HDR), Color Volume 120%
13.3” FHD Super AMOLED (16:9), up to 500nit (HDR), Color Volume 120%
- Size (W x H x D) & weight: 15.6” 354.85 x 227.97 x 11.9mm, 1.41kg
13.3” 302.5 x 202 x 11.5 mm, 1.04kg
- Platform, OS: Intel ® Core™ Processor 12th Gen CPU, Windows 11
- sAMOLED: Default 370nit/HDR 500nit, Color volume 120%
- S Pen & Touchscreen support
- 1080p FHD Camera (87-degree wide angle, supports Auto Framing, which recognizes users and adjusts them to the
center of the screen)
- SSD: Gen4 SSD, Expendable SSD (M.2 2230)
- Supports WiFi 6E
- Battery: 15.6” 68Wh (21hrs), 13.3” 63Wh (21hrs)
- Galaxy Apps: Quick Share, 2nd Screen, Multi-Control, etc.
 QR Sign-in: logs into Galaxy Book with a QR scan linked to the account on your phone
 Security: supports Secured-Core PC with enhanced security for each stage for hardware, firmware, and software
□ Galaxy Book2 Pro (April 2022)
- Screen: 15.6” FHD AMOLED (16:9), up to 500nit (HDR), Color Volume 120%
13.3” FHD AMOLED (16:9), up to 500nit (HDR), Color Volume 120%
13.3” 304.4 x 199.8 x 11.2mm, 0.87kg
- AMOLED: Default 400nit/HDR 500nit, Color volume 120%
- SSD: Gen4 SSD, Expendable SSD (15.6” Only, M.2 2280)
- Supports WiFi 6E, 5G Sub6 (15.6”Only)
- Battery: 15.6” 68Wh (21hrs), 13.3” 63Wh (21hrs)
- Galaxy Apps: Quick Share, 2nd Screen, Multi-Control, etc.
 QR Sign-in: logs into Galaxy Book with a QR scan linked to the account on your phone
- Security: supports Secured-Core PC with enhanced security for each stage for hardware, firmware, and software
□ Galaxy Book2 Go 5G (December 2022)
- Screen: 14" IPS (1920 x 1080)
- Platform: Snapdragon 7C+ Gen 3, Window 11
- Developed Mass WoA product adopting 7C+ Gen3 (CPU 63%↑, GPU 102%↑ compared to Snapdragon 7C Gen 2)
- Improved picture quality of display (TN →IPS)
- Supports WiFi 6E, 5G Sub6
- Adopted 5G model for the mass market which supports ENDC/eSIM
- Supports 45W charging
- Completed eight tests from the MIL-STD-810H certification
 Shock, high/low temperature, thermal shock, dust, vibration, low pressure, humidity
□ Galaxy Book2 Pro 360 (2023) (December 2022)
- Screen: 13.3” FHD AMOLED (16:9), Touch Screen, Color Volume (DCI-P3) 100%, S Pen
- Platform, OS: Snapdragon 8cx Gen 3, Windows 11 Home
- AMOLED: 13.3" FHD Super AMOLED (16:9), Color Volume (DCI-P3) 100%, up to 370nit, S Pen
- Speakers: Stereo 2 x 4W (Smart AMP), AKG, Dolby Atmos
- SSD: eUFS on board, 256GB
- WiFi 6E (802.11ax)
- Battery: 63Wh (Video Play 35hrs↑)
- Galaxy ecosystem: Smart Switch, Samsung Account, Samsung Apps, Keyboard & Touch Pad Sharing between Galaxy
devices
- Security: fingerprint recognition, Secured Core PC (Level 3, H/W & F/W Protection)
- AI: Noise Reduction, Video Call with Neural Engine

DX Division
□ Galaxy Book3 Ultra (February 2023)
- Screen: 16.0” OLED 120Hz, 370nit/500nit, 16:10 (2880 x 1800, 3K)
- Size (W x D x H): 355.4 x 250.5 x 16.5mm, 1.79kg,
- Intel ® Core™ Processor 13th Gen CPU, Win 11, LPDDR5, NVIDIA® GeForce RTX™ 4050/4070, 76W Battery,
FHD MIPI Camera, A/C/D Al, B Glass, TA 100W
- Adopts 13th Gen Intel® Core™ H-series mobile processor and next-generation Nvidia® GeForce RTX™ 40 Series
graphics
- 3K high-resolution display that adopts WQXGA+; color volume 120%
- Touch pad 39% larger in size (compared to Galaxy Book 2 Pro 33.7 cm / 39.6cm)
- Fast charging speed of 100W; charges 55% of battery in 30 minutes
- Quad Speaker: features AKG and Dolby Atmos
- Supports Galaxy Ecosystem
 Multi Control: capable of using keyboard and mouse on a smartphone and a tablet; can transfer files or copy and
paste files and images between devices
 Second Screen: using Galaxy Tab as a dual monitor; capable of extending or replicating PC screen
 Quick Share: wireless file sharing between Galaxy devices, such as phone and tablet
□ Galaxy Book3 Pro 360 (February 2023)
- Screen: 16.0” WQXGA+ AMOLED (16:10) 2880 x 1800, Touch Screen, DCI-P3 120%, S Pen
- Dynamic AMOLED 2X: 3K (2880x1800), 500nit (HDR), 120Hz, DCI-P3 120%
- Quad SPK (AKG/Dolby, Max 5Wx2, 2Wx2), Studio Grade Dual Mic
- SSD: Gen4 SSD
- Supports WiFi 6E
- Battery: 76Wh
- Galaxy Apps: Quick Share, 2nd Screen, Multi-Control, Samsung Pass, etc.
□ Galaxy Book3 Pro (February 2023)
- Screen: 16” WQXGA+ AMOLED (16:10), up to 500nit(HDR), 120Hz, DCI-P3 120%
14” WQXGA+ AMOLED (16:10), up to 500nit(HDR), 120Hz, DCI-P3 120%
- Size (W x H x D) & weight: 16” 355.4 x 250.4 x 12.5mm, 1.56kg
14” 312.3 x 223.8 x 11.3mm, 1.17kg
- Dynamic AMOLED 2X: 3K (2880 x 1800), 500nit (HDR), 120Hz, DCI-P3 120%
- Quad SPK (AKG/Dolby, Max 5Wx2, 2Wx2), Studio Grade Dual Mic
- SSD: Gen4 SSD, Expendable SSD (M.2 2280)
- Supports WiFi 6E
- Battery: 16” 76Wh, 14” 63Wh

DX Division
□ Galaxy Book3 360 (February 2023)
- Screen:15.6” FHD Super AMOLED (16:9), up to 500nit (HDR), DCI-P3 120%
13.3” FHD Super AMOLED (16:9), up to 500nit (HDR), DCI-P3 120%
13.3” 304.4 x 202.0 x 12.9 mm, 1.16kg
- Platform, OS: Intel 13th Gen CPU (EVO Verified by Intel), Windows 11
- sAMOLED: 1080p FHD, 500nit (HDR), 60Hz, DCI-P3 120%
- Stereo SPK (Dolby, 2Wx2), Studio Grade Dual Mic
- SSD: Gen4 DRAM-less SSD, Expendable SSD (15.6”)
- Supports WiFi 6E
- Battery: 15.6” 68Wh, 13.3” 61.1Wh
Galaxy Watch □ Galaxy Watch4 & Galaxy Watch4 Classic (August 2021)
~August 2023 - Display: Watch4: (44mm) 1.4” (450 x 450), (40mm) 1.2” (396 x 396); Watch4 Classic: (46mm) 1.4” (450 x 450), (42mm)
1.2” (396 x 396)
- Size (W x H x D): Watch4: (44mm) 44.4 x 43.3 x 9.8mm, (40mm) 40.4 x 39.3 x 9.8mm; Watch4 Classic: (46mm) 45.5 x
45.5 x 11.0mm, (42mm) 41.5 x 41.5 x 11.2mm
- Platform (H/W, S/W): AP Exynos W920 (5nm 64-bit Dual-Core), Wear OS Powered By Samsung, One UI Watch of
Wear OS 3.0
- Memory: improved performance and increased storage with 1.5GB RAM + 16GB ROM
- Higher resolution 330 ppi display
- Pursuing differentiation by featuring body composition measurement for the first time and enhancing usability
- Advanced sleep tracking, including blood oxygen level measurement and snore detection
- Wider app ecosystem and enhanced sync experience based on Wear OS
 Provides key services of Google, including Play Store/Google Map/YT Music
 Supports specialized fitness apps and other various service apps
□ Galaxy Watch5 & Galaxy Watch5 Pro (August 2022)
- Display: Watch5 Pro (46mm) : 34.6mm AMOLED (450 x 450) 330PPI
Watch5 (44mm) : 34.6mm AMOLED (450 x 450) 330PPI
Watch5 (40mm) : 30.4mm AMOLED (396 x 396) 330PPI
- Size (W x H x D) & weight: Watch5 Pro (46mm) → 45.4 x 45.4 x 10.5 mm, 46.5g
Watch5 (44mm) → 44.4 x 43.3 x 9.8 mm, 33.5g
Watch5 (40mm) → 40.4 x 39.3 x 9.8 mm, 28.7g
- Platform (H/W, S/W): Exynos W920, Wear OS Powered by Samsung (Wear OS 3.5)
- Signature circular design with adoption of sapphire crystal glass
- Enhanced integrated health monitoring function equipped with the advanced BioActive Sensor
 Improved accuracy of body composition, heart rate, blood pressure, and ECG; and advanced sleep monitoring
function
- Equipped with One UI Watch 4.5 based on Wear OS, which enables various Google mobile services and apps
- Premium titanium body; optimized for outdoor activities with enhanced GPS tracking features (Watch5 Pro)
 Enhanced performance and durability for better utilization in outdoor activities, such as hiking and cycling
 Provides Magnetic D-Buckle Sport Band, which offers better durability, convenience, and style
 Save and share workout journey using Route Workout and GPS Exchange Format (GPX) files
 Provides turn-by-turn navigation along previous routes through the Track Back feature
 Enables lengthy use for outdoor activities via the adoption of large-capacity battery (590mAh)

DX Division
□ Galaxy Watch6 & Galaxy Watch6 Classic (August 2023)
- Display: Watch6 Classic (47mm) : 37.3mm Super AMOLED (480 x 480)
Watch6 Classic(43mm) :33.3mm Super AMOLED (432 x 432)
Watch6 (44mm) : 37.3mm Super AMOLED (480 x 480)
Watch6 (40mm) : 33.3mm Super AMOLED (432 x 432)
- Size (W x H x D) & weight: Watch6 Classic (47mm) → 46.5 x 46.5 x 10.9 mm, 59.0g
Watch6 Classic (43mm) → 42.5 x 42.5 x 10.9 mm, 52.0g
Watch6 (44mm) → 44.4 x 42.8 x 9.0 mm, 33.3g
Watch6 (40mm) → 40.4 x 38.8 x 9.0 mm, 28.7g
- Platform (H/W, S/W): Exynos W930, Wear OS Powered by Samsung (Wear OS 4)
- Design and performance that improve visibility
 Reduced bezel thickness and increased display size (by about 20%) compared to the previous model
 Featured high-resolution Super AMOLED display with peak brightness of 2,000nit
- Provided enhanced sleep monitoring experience
 Shows sleep score via in-depth analyses of each measured factor and integrates the results
 Offers enhanced, personalized sleep coaching program
- Introduced new features, including a more personalized fitness management program
 Provides a customized exercise guide by measuring heart rate within 5 cardiorespiratory capacity zones
 Offers recording functions for track exercise, such as designation of the lane using the track running function
 Features alarm functions to detect irregular heart rhythms
- Applied one-click band for effortless and convenient watch strip replacement
- Strengthened performance by increasing battery capacity
 Applied 47/44mm 425mAh, 43/40mm 300mAh
Galaxy buds □ Galaxy Buds Pro (January 2021)
~August 2022 - Design: Premium TWS, in-ear type with Intelligent ANC feature
- Size (W x H x D): (earbuds) 20.5 x 19.5 x 20.8mm, (cradle) 50 x 50.2 x 27.8mm
- Platform (H/W, S/W): BCM43015, RTOS
- 2Way (woofer + tweeter) 11mm speaker offers enhanced sound quality
 High-quality phone call sound with 3 mics and accelerometer (voice pickup sensor)
 In-ear type, Intelligent ANC and voice detect function instantly switches from ANC to Ambient sound when it hears
your voice
 3D Audio provides a truly immersive experience resembling that of a movie theater
- IPx7-level water resistant
□ Galaxy Buds 2 (August 2021)
- Enhanced competitiveness of the Buds mass-market model by enhancing basic functions and adding ANC
- Size (W x H x D): (earbuds) 17.0 x 20.9 x 21.1 mm, (cradle) 50.0 x 50.2 x 27.8 mm
- BES2500 ZP-83 (BT + Codec + Flash) new low-power management solution*
 Provides ANC
 Play time of up to 29 hours (based on streaming, with ANC off)
- Optimized RF frequency performance by applying integrated Touch + BT Antenna FPCB
- Enhanced audio performance of canal-type wireless earbuds
 Applied algorithm that maximizes noise cancelling performance by utilizing DNN (DNN + 3-Mic +VPU)
* DNN: Deep Neural Network , VPU: Voice Pickup Unit
 Improved latency of switching to Ambient Sound Mode (3.2ms→0.65ms)
 Better low frequency sounds by applying new materials to the woofer cone
 Better noise cancelling of the microphone with the adoption of flawless microphone
 Enhanced ANC and sound quality by changing the density of the ventilation duct and improving the pipe conduit of
feedback mic
 Reduced wind noise by maximizing and optimizing the location of the chamber space of the microphone

DX Division
□ Galaxy Buds 2 Pro (August 2022)
- Kernel-type premium TWS that offers high-quality 24bit Hi-Fi audio and comfortable fit
- Size (W x H x D): Earbuds 21.6mm x 19.9mm x 18.7mm
Cradle 50.2mm x 50.1mm x 27.7mm
- Platform (H/W, S/W): BES2700YP 1Chip solution, RTOS
 First Samsung Buds to apply 24bit/48kHz Hi-Fi technologies to offer a high-quality audio experience by minimizing
loss of sound quality of the original recording; Intelligence ANC which adopts All High-SNR MIC, noise cancelling
solution, and voice detect technology
 Strengthened listening experience of the immersive 360 Audio feature via multi-channel audio and enhanced
technology that tracks head movements
 Provides clear and upgraded call quality through improved VPU and personalized beamforming technology
- Offers comfortable and stable fit thanks to the ergonomic design
 Improved fit through smaller size—15% size reduction compared to previous model—and enhanced structure of vent
holes
- Strengthened user experience via easy connection between Galaxy Devices
 Expanded the Auto Switch feature from smartphones, tablets, and watches to TVs, and the transition between
devices is made easier and faster
Network
RAN S/W Package □ SVR21B NR vDU SW package (June 2021)
~November 2023 - TDD-based C-Band vDU
 Flexible base station upgrade without H/W change and resource allocation
* vDU (virtual DU): realizing the function of 5G base station by developing commercial server-based S/W
□ vRAN* SW Package (November 2023)
- Integrated 4th generation CPU from company “I” into our vRAN SW Package, applying it to a vRAN commercial network
for the first time in industry
 Successfully conducted data call on vRAN commercial network equipped with 4th generation CPU, following previous
success in large-scale vRAN commercialization utilizing 3rd generation CPU
* vRAN (virtualized RAN)

DX Division
Base stations □ Developed MMU Beam Forming SoC (February 2021)
~May 2023 - SoC performs functions that Beam Forming FPGA, within MMU board, performs
- 30% more power efficient than previous model (Maximum power consumption: less than 40W)
□ Developed 5 types of ORAN* RU for the US (September 2021)
- Defined DU-RU standard interface, which allows to connect any vendor DU to any vendor RU
- AWS/PCS, two types of 700/850 4T4R 40W, two types of 320W, C-Band 8T8R 320W
□ AWS/PCS Dual Band 16T16R FDD MMU for North America (October 2021)
- The Company’s first commercialized 16T16R FDD dual band MMU product that applies our in-house-developed chip
□ Domestic 3.5GHz NR 32T32R TDD MMU (February 2022)
- Applied Mechanical PSA (phase shift antenna) for the first time
* Automatically controls the antenna angle (tilt 0-12°) inside the MMU with a motor
□ Developed high-performance RFIC + DFE integrated chip (April 2022)
* RFIC (Radio Frequency Integrated Circuit): high-frequency integrated circuit suitable for wireless communication
* DFE (Digital Front End): last stage of digital signal processing for communication
□ Two types of FDD RU for Dish (Dual Band/Tri Band RU) (September 2022)
- Developed 5G FDD RU product that complies with the O-RAN standard and supports multiple frequency bands at the
same time
* frequency supported by RU: n71(600MHz), n29(700MHz), n66(AWS: 1.7GHz/2.1GHz), n70(AWS: 1.7GHz/1.9GHz)
□ Gen.3 Dual Band NR 2T2R AU (October 2022)
- Developed the world’s first Dual Band (28GHz+39GHz) AU
- Upgraded product performance by increasing output and capacity twofold with the same size compared to the existing
2nd generation AU
□ Domestic 3.5GHz NR 64T64R MMU (November 2022)
- Developed 64T64R Massive MIMO MMU, which was commercialized in the domestic market for the first time
- Increased antenna elements twofold and output by 2.7 times compared to the existing 32T32R MMU (old model) for the
domestic market
□ 3.5GHz CBRS NR Strand Smallcell (March 2023)
- Developed Strand Small Cell (small cell solution designed to be installed on cables) for the first commercial use
- Cell solution that integrates baseband, radio, and antenna into a single form factor
- Equipped with the Company’s newest in-house chipset—2nd generation 5G modem SoC—and its small size enables
installation on cables
□ C-band NR 64T64R MMU (2023.05.) for North America
- More compact and lightweight 64T64R MMU allows higher output with low-power mode compared to the 1st generation

DS Division
Memory
DRAM for mobile □ Development of LPDDR5X DRAM
November 2021–September 2023 - Improved speed by over 30% and power efficiency by approximately 20% compared to previous model
- Based on 14nm; expansion of application areas that use high performance, low power consumption memory from
mobile to server and automotives, with expansion to up to 64GB per memory package
- Verified the industry-leading operating speed (8.5Gbps) by mounting the 8GB LPDDR5X DRAM package on
Qualcomm’s Snapdragon mobile platform
□ Development of industry’s first LPCAMM
- Developed LPDDR-based modules, leading the next-generation markets like PC and laptops
- Improved performance by 50%, power efficiency by 70%, and mounting area by 60% compared to SO-DIMMs, and
improved flexibility in manufacturing as well as user convenience with easy upgrade/replacement
- Set to be tested using next-generation systems with major customers and slated for commercialization in 2024:
expected to gain wide adoption in next-generation PCs, laptops and data centers.
DRAM for server □ Development of high-capacity DDR5 memory applying HKMG process—an industry first
March 2021–September 2023 - Realization of 512GB DDR5 module with the application of High-K Metal Gate and 8-stack TSV
- Reduced power consumption by around 13% and more than double performance compared to the existing process
Planning to apply it in the next-generation computing, super computers, and high capacity data centers
□ Mass production of the industry’s most advanced 12nm-class DRAM
- Enhanced productivity and improved low power consumption characteristics compared to 14-nano DRAM, improving
productivity by approximately 20% and reducing power consumption by approximately 23%, which maximizes next-
generation computing
- Produced via our completed highly advanced node that applies cutting-edge technologies, such as a capacitor
utilizing a new material with a high dielectric constant
- Provide high-performance and high-density DRAM solutions to meet demand for the high-throughput computing
market and expand 12nm-class DRAM lineup, which will be supplied to various applications
□ Development of the largest-capacity 32Gb DDR5 DRAM to date
- 40 years after the development of 64Kb DRAM in 1983, capacity has increased by 500,000 times
- Enables the production of 128GB modules without TSV processes; improved power efficiency by 10% compared to
12-nano 16Gb based modules with the same capacity
- Provides high density DRAM solutions optimized for AI and enables 1TB module production
- Expects to enter mass production within 2023 to be supplied to various applications such as AI and next-generation
computing
Graphic DRAM □ Development of GDDR6 DRAM, industry's one of the fastest graphic DRAMs
July 2022–July 2023 - First in the industry to deliver speeds up to 24Gbps by applying 3rd generation 10nm-class (1z) process
- Met customer needs by enhancing performance by more than 30% compared to the previous product, leading to
processing speeds of up to 1.1TB per second; supporting operation voltage of 1.1V; and improving power efficiency
by 20%
- Secured compatibility by being fully compliant with specifications of JEDEC, an international semiconductor
standardization body
- Expanded applications, including next-generation graphics cards, AI, and HPC
□ Development of GDDR6W, graphics memory that applies advanced packaging technology
- GDDR6W is manufactured by introducing Fan-Out Wafer-Level Packaging (FOWLP) technology—a construction and
stacking technology—without developing a new memory die
- Increased performance (bandwidth) and capacity by twofold while maintaining the same packaging size of GDDR6
□ Development of the industry’s first GDDR7 DRAM
- With the development of industry’s fastest 32Gbps GDDR7 DRAM, we improved performance by 1.4 times and power
efficiency by 20% compared to the previous 24Gbps GDDR6
- Minimized heat generation during high-speed operation through optimization of the circuit design with new package
materials
- Set to be tested using next-generation systems with major customers within this year and planned for a timely
commercialization to gain wide adoption in next-generation graphic cards, high-performance computing and AI

DS Division
HBM DRAM □ Developed world’s first AI HBM-PIM with an AI engine
February 2021–October 2023 - More than two times the performance compared to previous HBM2, system energy reduced by approximately 70%.
- Unveiled academic paper in Feb 2021 at conference held by ISSCC, a highly reputable organization in the
semiconductor industry
- Enables application without changing the system by using existing memory interface
- Cooperate with data center and AI customers on standardization of PIM and establishing eco system.
□ Expanded memory product lines that integrate an AI engine (performance evaluation of HBM-PIM and development of
AXDIMM/LPDDR5-PIM)
- Unveiled the case in which the HBM-PIM developed last February was incorporated in the system (integration with
the Xilinx Alveo AI accelerator system boosts overall system performance by 2.5 times while reducing energy
consumption by more than 60%)
- AXDIMM, a DRAM module with an AI engine, offers twice the performance and a 40% decrease in energy usage
- Unveiled LPDDR5-PIM that integrated mobile DRAM and PIM technology
□ Developed AI-accelerator equipped with HBM-PIM and GPU
- Materialized HBM-PIM Cluster by installing HBM-PIM memory in AMD’s GPU accelerator
- Compared to existing GPU accelerators, on average, the addition of HBM-PIM improved performance by more than
double and reduced energy consumption by more than 50%
- In preparation to provide software that supports accelerators equipped with HBM-PIM, so consumers are expected to
be able to use PIM memory solutions in an integrated software environment
□ Unveiled ultra-high performance HBM3E DRAM Shinebolt that will lead AI technology innovation
- Provides high-performance of up to 9.8Gbps per one data input/output pin, allowing speed capable of processing up
to 1.2TB of data per second
- Achieves high-level stacking for HBM chips by optimizing non-conductive film technology for dense chip stacking
without gaps, and improved heat transfer coefficient by maximizing heat conduction
- Currently mass-producing 8-layer and 12-layer HBM3 products and delivering samples of the next-generation HBM3E
to customers
NAND □ Mass production of 8th generation V-NAND
November 2022 - Mass production of 1Tb 8th generation V-NAND, which is among the highest capacities in the world
- Significantly enhanced bit productivity per wafer and secured one of the industry’s highest bit density
- Enhanced performance by 1.2 times compared to existing model, featuring an input and output (I/O) speed of up to
2.4Gbps with the adoption of a next-generation interface
- Expected to lead the trend of expanding storage capacity in next-generation enterprise servers and extend use into
the automotive market, in which reliability is critical
eStorage □ Development of highly advanced UFS 4.0
–May 2022 - Improved reading/writing speed by approximately twofold compared to UFS 3.1 product
- Enhanced power efficiency by approximately 46% for processing the same amount of data, which allows longer hours
of use
- Improved a function that reads and saves customer’s important data by adopting the latest security technologies
- Expected to expand into consumer devices, such as smartphones, automotives, and VR/AR

DS Division
SSD for server □ Mass production of high-performance OCP SSD specialized for data centers
February 2021–July 2022 - Mass production of OCP SSD, the first in the industry for 6th-generation V-NAND
- Satisfies performance, power efficiency, reliability, and security demanded by the data center industry
- Contributes to cost reduction and carbon emission reduction with industry’s most power efficient feature
□ Mass production of industry’s highest performing SAS 24Gbps SSD for server
- Supports speed that is around two times faster than the previous generation SSD
- Provides high capacity from 800GB to 30.72TB based on 6th generation V-NAND
- Expected to reduce server operation cost and carbon emission via a 40% improvement in power efficiency
□ Industry’s first mass production of next-generation ZNS SSD for company server
- Applies ZNS technology, which categorizes and saves data by zone depending on characteristics
- Lifespan and maximum utilization of SSD capacity increased compared to existing SSDs
- Contributes to enhancing the efficiency of next-generation servers—in areas such as AI, big data, and IoT—as well as
storage systems, while expanding the foundation for ZNS SSD through various open source projects
□ Development of PCIe 5.0-based high-performance SSD PM1743
- Improved reading/writing speed by approximately twofold and power efficiency by approximately 30% compared to
PCIe 4.0-based SSD
- Stability of server operation guaranteed with the support of dual-port and application of latest security technologies
□ Development of '2nd generation smart SSD' with upgraded processing functionality
- Enhances processing functionality by twofold and cuts processing time by over 50%, energy consumption by up to
70%, and CPU utilization by up to 97%
- Processes data directly, thereby improving system performance and energy efficiency at the same time
- Actively address various market needs, including database and video transcoding
- Lead standardization of computational storage and increase development of next-generation storage products
SSD for Client □ Mass production of PM9C1a, a high-performance PC SSD equipped with a 5nm controller
January 2023 - Elevated performance with a new 5nm controller and 7th generation V-NAND
- Enhanced speed by up to 1.8 times and power efficiency by up to 70% vs the previous generation
- Supports device authentication and verification technology with strengthened security solutions such as the new
adoption of the Device Identifier Composition Engine (DICE) security standard

DS Division
Brand SSD □ Global launch of SATA SSD 870 EVO for consumers
January 2021–November 2023 - Latest V-NAND and controller included, intelligent turbolight technology
- Highest durability in the industry, run time enhanced by more than 30%
- Five models in 250GB to 4TB range, introduced in steps in Korea, US, Germany, and China
□ Launched NVMe SSD 980, which boasts high performance and is economical.
- 6th-generation V-NAND, maximum 6 times the speed compared to SATA SSD
- DRAM-less design to save cost, applied optimization technology for controllers and firmware
- Heat-control feature, applied to high-end products
- Power efficiency enhanced by 56%, compared to 970 EVO, allowing “good consumption” for consumers
□ Released portable SSD 'T7 Shield' for experts that offers both performance and durability
- Built with dust and water resistance and drop resistance up to 3m
- Transmits data stably without performance degradation, including when recording and editing high-resolution videos
□ Unveiled high-performance SSD '990 PRO' optimized for gaming
- Offers unparalleled performance by featuring the latest V-NAND technology and a new proprietary controller
- Enhanced speed by up to 55% and power efficiency by up to 50% compared to previous model
- Offers optimal performance for an environment in which ultra-high speed data processing is required, such as high-
performance graphic games and 4K/8K high-resolution videos
□ Released high-performance SSD '990 PRO' 4TB
- Offers the fastest random read speed among PCle 4.0-based consumer SSDs by applying state-of-art 8th generation
V-NAND and achieving industry’s highest performance
- Optimized for tasks that require ultra-fast data processing, such as high-performance games and 3D/4K graphics
- Strengthened compatibility and heat dissipation through design and application of a heat diffuser and heat sink
□ Launched ultra-fast portable SSD 'T9'
- Supports new data transmission interface, USB 3.2 Gen2x2, achieving approximately 2x improvement in consecutive
reading/writing compared to the previous generation
- Improves surface materials and achieves software optimization to reduce degradation and overheating during
transmission of large files
□ Launched 8TB portable SSD T5 EVO, the largest capacity in industry
- Provides consecutive reading/writing with a speed of up to 460MB/s based on USB3.2 Gen1
- Enhanced portability with compact size and weight, and metal ring
- Equipped with overheating prevention and hardware data encryption technologies
EUV □ Mass production of 14nm EUV DDR5 DRAM
~October 2021 - Enhanced productivity by approximately 20% with multilayer EUV implementation and realization of industry’s highest
DRAM bit density
- Enhanced speed by twofold compared to DDR4 and improved power consumption by approximately 20% compared
to previous process
CXL □ Development of industry’s first CXL-based DRAM memory
May 2021–May 2023 - Next-generation memory solution to meet the needs of high capacity data centers; overcomes physical limitations of
DRAM modules, revolutionary expansion of capacity bandwidth becomes possible
- Supports interface converting, error management, etc. through CXL controller
- Development of controller and software technology optimized for CXL DRAM memory by collaborating with data
centers and server and chipset companies
□ Development of industry’s first open-source software solution for CXL memory
- Enables expansion of system memory’s performance/capacity by enabling the main memory and the CXL memory to
work seamlessly
□ Development of industry’s first high-capacity 512GB CXL DRAM
- Enhanced capacity of CXL DRAM by four times, which allows expansion of over tens of terabytes per server
- Equipped with CXL-exclusive controller, reducing data latency by 1/5
□ Development of CXL-based PNM solution for high-capacity AI models
- PNM’s (Processing-near-Memory) computational functions are performed closer to the memory to reduce the
bottleneck between the CPU and memory data transference and to improve system performance
- Enhanced performance by approximately twofold in applications, such as recommendation systems or in-memory
databases, that require high memory bandwidth
□ Development of industry’s first CXL 2.0 DRAM
- Overcomes limitations of DRAM modules, enabling expansion of bandwidth and capacity
- Reduced server operation costs by supporting memory pooling, which assists splitting-use of CXL DRAM
- Expands CXL ecosystem through continued collaboration with data centers and server and chipset companies; and
become an industry leader by promptly addressing demand in the next-generation computing market
DS Division
Multi-chip □ Mass production of industry’s best performing uMCP5 (LPDDR5 + UFS3.1) multi-chip package
June 2021 - Speed upgrade by 1.5 times compared to the existing LPDDR4X, 2 times compared to UFS2.2
- Spearhead popularization of 5G by installing them into low- to mid-priced 5G smartphones
Brand Card □ Released a new micro SD card product with enhanced performance and stability
September 2021-August 2023 - 'PRO Plus' provides 1.6 times faster read speed and 1.3 times faster write speed than the previous generation
- 'EVO Plus' provides 1.3 times faster read speed than the previous generation
- With improved performance and a design that offers better protection against external shocks, not only general
consumers, but also creators who make high-quality contents such as 4K UHD videos, are looking forward to it
□ Released memory card 'PRO Endurance' with enhanced performance and durability
- Adopts high-quality server-level NAND durability that allows up to 16 years of continuous recording time
- Optimized for high-resolution (4K, Full HD) video recording equipment, such as surveillance video and black box
- Keeps stable recording performance even in tough conditions, applies 6-proof protection
- Supports speed of Class 10, UHS Class U3, and video speed of Class V30; can continuously record Full HD ㆍ 4K
high-resolution videos
□ Released memory card 'PRO Ultimate’ with enhanced speed and stability
- 'PRO Ultimate’ provides the highest level of 200MB/s read speed and 130MB/s write speed under the UHS-I
standard, improving power efficiency by 37% compared to previous models and achieving data protection against
extreme external conditions such as water, moisture, abrasion, X-ray, and temperature.
- Provides the optimal SD Cards/Micro SD Cards for high-resolution content work catering to professional
photographers and creators who use devices like drones, action cameras, and DSLR
Automotives □ Mass production of memory total solutions for automotives
December 2021-October 2023 - 256GB SSD and 2GB DDR4/GDDR6 for IVI; 2GB GDDR6 and 128GB UFS for AD
- Supplies high performance SSDs and graphics DRAM delivering server-level performance and capacity; and secures
high stability that is required in the automotive semiconductor market (operation is guaranteed in the -40℃-105℃
range)
□ Mass production of ultra-low-power UFS 3.1 for vehicles
- Began mass production of Infotainment (IVI) UFS 3.1 for vehicles, which has the lowest power consumption in the
industry and is optimized for EVs and autonomous vehicles
- Offers 33% lower power consumption compared to the previous generation, with a maximum read speed of
2,000MB/s and a maximum write speed of 700MB/s for 256GB
- Strengthened storage product lineup for automotives by establishing lineup of 128GB/256GB/512GB products to
meet various customer needs; and established UFS 3.1 products for advanced driver assistance systems
□ Unveiled key solutions for vehicles to reach no.1 in automotive memory market in 2025
- Unveiled Detachable AutoSSD that allows multiple SoCs to use a single SSD divided through storage virtualization,
supporting consecutive read speed up to 6,500MB/s and providing 4TB capacity
- Showcased high bandwidth GDDR7 for vehicles and LPDDR5X with reduced packaging size

DS Division
System LSI
Image Sensor
January 2021–December 2023 □ Introduced ISOCELL HM3, 108MP premium image sensor (HM3, 0.8um/108Mp)
- Concentrated 108 million 0.8 ㎛-size pixels in 1/1.33 inch
- Minimizes afterimage with Smart ISO Pro, enabling bright, vivid images
- Lens optimal for autofocus with Super PD Plus, enhanced phase detection ability by 50%
- Optimal design saves approximately 6% of power under preview mode, compared to previous model
□ Introduced image sensor ISOCELL GN2, operating similar to human eyes (GN2, 1.4um/50Mp)
- Dual Pixel Pro splits pixels diagonally—a world’s first
- 1.4um pixel delivers brighter and more vivid images
- Staggered HDR saves power by approximately 24% compared to previous model
□ Introduced ISOCELL JN1 with the industry’s first 0.64um pixel (JN1, 0.64um/50Mp)
- Mass production of ultra-small pixel size, applies high-resolution mobile camera slim design
- Applies the most advanced image sensor technology that enhances sensitivity in the dark
- Cooperation with camera lens module manufacturers, establishes the ecosystem that is compatible with 1/2.8"
products
□ Released automotive image sensor ISOCELL Auto 4AC (4AC, 3.0um/1.2Mp)
- Designed for surround view monitors or rear-view cameras
- A safety solution that supports drivers even in tough conditions and minimizes blind spots
□ Unveiled a new super-gap mobile image sensor technology (HP1, 0.64um/200Mp and GN5, 1.0um/50Mp)
- Industry’s first “200 megapixel” ISOCELL HP1
- Industry’s smallest-sized dual pixel image cell ISOCELL GN5
□ Unveiled 200-megapixel image sensor, industry’s smallest pixel size (HP3, 0.56um/200Mp)
- Reduced camera module area by up to 20% with 12% smaller pixels compared to the previous HP1(0.64um)
- With the Super Quad Phase Detection (QPD) technology, enables auto-focusing feature for all 200 megapixels
- Utilizes Tetra2pixel technology, which offers vivid picture quality even in low-light environments
- Improves picture resolution for 200 megapixel and usability of a 50 megapixel sensor zoom by applying AI-based
image process solutions
□ Launched 200-megapixel image sensor combined with ultra-high resolution technologies (HP2, 0.6um/200Mp)
- Applied Dual Vertical Transfer Gate technology—industry’s first—and enhanced color expression and picture quality
- Leveraged Tetra2pixel technology, offering vivid picture quality even in low-lit environments
- Adopted Dual Slope Gain, creating an HDR image as high as 50MP—industry’s first
- Applied Super QPD, which allows the sensor to use all its pixels for auto-focusing
□ Launched industry’s highest- performance image sensor for vehicles (1H1, 2.1um/8.3Mp)
- Enables automotive120dB HDR, LFM (LED flicker mitigation) and motion-artifact free simultaneously
- Applies DTI (deep trench isolation) to prevent interference between adjacent pixels and improves low-light SNR
□ Unveiled ISOCELL vision 63D iTOF (indirect time of flight) sensor (63D, 3.5um/0.3Mp)
- Measures three dimensional information of objects by sensing light wavelengths
- An industry-first single-chip iTOF sensor which reduces system power consumption by 40% compared to the previous
sensor (33D)
- Supports surface light source and point light source modes and extends maximum measurement distance to 10m
□ Unveiled ISOCELL Vision 931 Global Shutter sensor (931, 2.2um/0.4Mp)
- Simultaneously exposes all pixels to light, just like the human eye, increasing speed and accuracy.
- Recognizes even minute movements in the user’s pupils, facial expressions, hand motions, etc.

DS Division
Exynos □ Launched Exynos 2100, 5G-integrated premium mobile AP
January 2021–October 2023 - Applied state-of-the-art 5nm EUV process and the latest CPU/GPU, enhancing performance significantly
- Optimal design improves performance compared to previous model: more than 30% for CPU, more than 40% for
GPU
- Enhanced on-device AI function, performs 26 trillion operations per second
- Saves power consumption by maximum 20%, features its own power management solution AMIGO
- Supports ultrahigh-frequency 5G network, operates maximum 6 image sensors
□ Released Exynos W920 built on EUV process for wearable devices
- Improved performance and power-efficiency by applying advanced 5nm EUV process and design technology
- Comes in the smallest package currently available for wearables by applying the most advanced packaging
technologies
- Boasts 20% more efficient CPU performance and 10 times better graphics performance than its predecessor (Exynos
9110) with the application of the newest ARM cores
- Improved power consumption of the processor by 97% under AOD (Always On Display) mode by applying low-power
cores for display
□ Released Exynos Auto T5123, communications chip for automotives that provide 5G communications service
- Supports download speed of 5.1Gb/sec, enables seamless access high-capacity, high-definition content even while
driving
- Equipped with the latest 5G-based multi-mode communication chip that supports both 5G single net and LTE
combined net
□ Released Exynos Auto V7, processor for automotive infotainment
- Applies the latest automotive technologies, including Neural Processing Unit (NPU), technology that corrects bad
pixel and lens distortion of camera sensors, and image compression technology
- GPU supports four independent displays, including digital dashboard, Center Information Display (CID), and Head Up
Display (HUD), and up to 12 camera sensors
- Equipped with security processor which offers technology that safely stores and prevents physical replication of key
information of the car
□ Released premium mobile AP 'Exynos 2200'
- Adopted the next-generation GPU Xclipse jointly developed with AMD, maximized gaming performance and power
efficiency
- Enabled Ray Tracing technology based on hardware on mobile devices—a first in the industry
- Strengthened performance and security by adopting the core based on the latest ARM CPU architecture 'Armv9'
- Enhanced NPU performance by more than twofold compared to the previous model, significantly enhanced machine
learning performance
□ Secured internationally standardized 5G non-terrestrial networks (NTN) modem technology for satellite communications
- Reflects the latest standard (Release-17) of 3GPP, which unites telecommunications standard development
organizations
- Adopted technologies that accurately predict low Earth orbit satellite locations and minimize frequency offsets
- Supports two-way transmission of large-capacity data, including text messaging and video sharing
□ Unveiled Exynos Connect U100, an ultra-wideband (UWB) chipset for short-range wireless communications
- Provides an accuracy of single-digit centimeters and 5-degrees and under
- Low-power, one-chip solution optimized for various mobile, automotive, and IoT devices
- Equipped with a scrambled timestamp sequence (STS) function and a secure hardware encryption engine to prevent
external hacking
- Certified by FiRa Consortium, an organization that certifies UWB products for conformity to interoperability standards
□ Unviled Exynos 2400, a state-of-the-art mobile AP
- Equipped with industry’s most advanced ray tracing technology, with 2.1 times improvement over predecessor
- Strengthened AI function enables on-device generative AI performance without internet connection
- First Exynos to be equipped with non-terrestrial network technology

DS Division
LSI □ Power management IC for DDR5 DRAM modules (S2FPD01, S2FPD02, S2FPC01)
January 2021–March 2023 - Essential for the next-generation device performance improvement and power saving, three types of power
management IC
- Applies our own technology of reducing power consumption and overheating, improves operational efficiency up to
91%
- Continued expansion of the lineup for power management IC for memory and strengthen technology leadership
□ Power management IC for processor for automotive infotainment (S2VPS01)
- Certified with ASIL-B, a safety standard for automotive systems, and strengthened functional safety
- Strengthened stability of the system, including heat prevention and auto-diagnostic functions
□ Released all-in-one fingerprint security IC for biometric payment cards (S3B512C)
- Combines hardware security chip (SE, Secure Element), fingerprint sensor, and Secure Processor in one IC
- Received globally accredited certifications in security, EAL6+ from Common Criteria (CC) and global online card
payment technical standard (EMVCo) and proved security in line with Mastercard’s Biometric Evaluation Plan
Summary.
Foundry
2.5D packaging technology □ Realized logic chip and four HBM chips into one package to operate it like one semiconductor chip
'I-Cube4' □ Supplied electricity stably and realized ultra-thin electrical wires applying silicon interposer
May 2021 - Applied semiconductor process/manufacturing knowhow that prevents the deformation of thin interposers 100µm
thick
□ Reduced production time and enhanced yield with our distinctive structure that has excellent thermal release
performance
8nm RF process □ Radio Frequency (RF) process for 5G communication that supports sub-6GHz and millimeter frequency
June 2021 - Provides small, low-power, high quality communication with one-chip solution that supports multi-channel and multi-
antenna
□ Improved performance of RF with the application of RF-exclusive semiconductor device 'RFeFET (RF extremeFET)' that
we developed in house
- Maximized electrons’ movement characteristics by physically stimulating the neighboring areas of channels, which
are electrons’ moving path
□ Power efficiency increased by 35%, analogue circuit area decreased by 35% compared to the previous generation 14nm
RF process
- Total number of transistors of chips decreased with the drastic improvement of RFeFET performance
2.5D packaging technology □ 2.5D solution 'Hybrid Cube', which applies silicon interposer technology and hybrid-substrate structure
'H-Cube' - Logic chips and high-bandwidth memory (HBM) are placed on top of a silicon interposer, integrating up to 6HBMs
November 2021 - The hybrid substrate is a dual structure in which the high-end main substrate at the top connects logic/memory chips,
and the subsidiary substrate at the bottom that is easy to implement in large-area connects the system board
- Minimized the size of the substrate by decreasing the pitch of solder ball, which electrically connects two substrates
- Applied chip analysis technology to stably supply power while minimizing signal distortion and loss
- Specialized for semiconductors for data center, AI, and network products that require high-performance and large-
area packaging technology
World’s first 3nm process that □ World’s first mass production of 3nm process that adopts Gate-All-Around (GAA) transistor technology
adopts GAA technology - Maximized power efficiency and performance by implementing ‘MBCFET’, our in-house GAA technology that utilizes
June 2022 nanosheets
- 1st-generation 3nm process reduced power consumption by 45%, improved performance by 23%, and reduced
surface area by 16% compared to 5nm
□ GAA technology overcomes the performance limitations of FinFET, allowing to continue to make smaller chips
- The gate surrounds all four faces of the channel, which enables finer control of current flow and reduces operating
voltage and power consumption
- The structure in which the channels are piled up vertically boosts performance as it increases channel width per unit
area and allows greater amount of current to flow
- The width of channels can be adjusted, giving better design flexibility
□ Providing verified 3nm design infrastructure and services with ecosystem partners
□ Planning to expand adoption into high-performance, low-power system semiconductors for HPC, mobile SoCs, etc.

SDC
Display panel
Power-efficient OLED for □ Mass production of innovative power-efficient, high-luminance OLED displays
Galaxy S21 - S21: 6.24"/6.67"/6.81" QHD+(3,200×1,440)
January 2021 - New organic material improves luminance efficiency: improved power efficiency by 16% compared to previous model
- Enhanced luminance and contrast offers good visibility outdoors (Max/HBM 420/800 → 500/1100nit, Peak 1,785nit)
→ Sunlight Visibility certification by UL (global safety solutions company)
Foldable OLED for Galaxy Z Fold3 □ Application of various new technologies to foldables for the first time
August 2021 - 7.6" QXGA+7.55" (2,208×1,768)
- Removed screen blind spots with the Under Panel Camera technology
- Reduced battery consumption compared to its predecessor with the Eco²technology
55/65" QD-Display □ World’s first QD-Display for TV (55" UHD, 65" UHD)
January 2022 - Exceptional wide color gamut of BT2020 90%
- Expresses outstanding brightness and color at any angle with QD display which emits light evenly across all
directions
- Excellent HDR performance, deep and detailed black expression
34" QD-Display □ World’s first QD-Display for monitor (34" QHD)
March 2022 - Provides superb gaming experience by supporting 175Hz, 0.1ms, 1800r, HDR True Black, and G-Sync
- Outstanding color, viewing angle, and contrast ratio and minimized exposure to blue light
Foldable OLED for Galaxy Z Fold □ Promoting additional improvements compared to previous model
4 - Significantly improved display quality in the location of the Under Panel Camera while maintaining camera
August 2022 performance and emphasized large-screen experience
- Enhanced energy efficiency with Eco2 OLED Plus with improved transmittance efficiency
- Reduced costs and weight via integrated FRP-Digitizer panel
14/16" OLED for Galaxy Book 3 □ Development of the world’s first large-sized (16") OCTA technology
Pro - Expanded the application of OCTA—touch-integrated technology—from smartphone OLED to middle-sized laptop
February 2023 OLED panels
- Minimized the dead space of panels via development of new materials and process technologies
- Reduced power consumption with the first adoption of OLED notebooks with refresh rate of 48–120Hz
16" OLED Development for HP □ Achieves power-efficiency and durability through improvements in OLED organic materials
Elitebook - 16" WQ+ (2,880 x 1,800, 16:10)
April 2023 - Applied 48Hz–120Hz, VRR (Variable Refresh Rate) and received AMD Freesync Premium Pro certification; provides
an optimal gaming environment
OLED for Google Pixel 8 pro □ Through application of new OLED materials that are highly efficient and long-lasting, high luminance
October 2023 (HBM 1,600nits, peak 2,400nits) was achieved.
- 6.7" WQXGA+ (1,344 x 2,992)
- Applied 1–120Hz VRR (variable refresh rate) and technology to minimize dead space

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SAMSUNG ELECTRONICS Co., Ltd.

2023 Business Report

Samsung Electronics Business Report 1 / 396

I. Corporate Overview ........................................................................................................................................................... 4

II. Businesses Overview...................................................................................................................................................... 23

III. Financial Affairs .............................................................................................................................................................. 53

IV. Management Discussion and Analysis....................................................................................................................... 226

V. Auditor’s Report ............................................................................................................................................................ 242

VI. Corporate Governance ................................................................................................................................................ 249

VII. Information on Shareholders ..................................................................................................................................... 276

VIII. Executives and Employees ....................................................................................................................................... 284

IX. Affiliates and Subsidiaries .......................................................................................................................................... 298

X. Transactions with affiliates and subsidiaries ............................................................................................................. 319

XI. Other Information ......................................................................................................................................................... 323

XII. Appendix ...................................................................................................................................................................... 336

Samsung Electronics Business Report 2 / 396

Organization Key products

Samsung Electronics Business Report 4 / 396

E. Subsidiaries subject to consolidated accounting (summary)

Number of subsidiaries subject to consolidated accounting

[Changes in subsidiaries subject to consolidated accounting]

Classification Subsidiary Reason

F. Whether the Company is an SME

Small and medium enterprise No

Samsung Electronics Business Report 6 / 396

Securities Date Rating Credit rating agency Note

[Credit ratings definitions]

Samsung Electronics Business Report 7 / 396

Listed Date listed

B. Important changes in management executives

Mar 18, 2020 AGM Executive Director Jong-hee Han

Samsung Electronics Business Report 8 / 396

C. Changes in the major shareholder

D. Company name changes

Samsung Electronics Business Report 9 / 396

F. Important changes in the Company’s business

G. Other important matters related to the Company’s business

Launched Galaxy S10 5G, a 5G smartphone

Launched Bespoke, a refrigerator that is customizable to customers’ lifestyle

Unveiled Galaxy Fold, a new form factor via a foldable phone

Launched Grande AI, an AI-based washer and dryer

Launched ultrahigh speed DRAM for AI and next-generation super computers

Started operation of Pyeongtaek Line 2, the world’s largest semiconductor line

Unveiled Neo QLED TV

Announced investment in a new foundry production site in Taylor, Texas, USA

Unveiled Bespoke Infinite Line

Mass produced 3nm GAA foundry, a world’s first

Mass produced 1Tb 8th-generation V-NAND

Samsung Electronics Business Report 10 / 396

Unveiled the Galaxy S23 series

Opened Samsung Gangnam, an immersive flagship store

Unveiled the Galaxy Z Fold5 and Galaxy Z Flip5

Developed 32Gb DDR5 DRAM, the largest capacity currently available

Developed industry’s first LPCAMM, a next-generation DRAM

Unveiled Samsung Gauss, a generative AI model

(2) Organizational changes

[As of December 2021]

Harman Division Harman

3. Changes in paid-in capital

Samsung Electronics Business Report 11 / 396