SEOUL – Samsung Electronics Co (F:)., Ltd. (KS005930, KS005935, SMSN, SMSD) has announced significant charitable contributions as part of its commitment to corporate social responsibility. On November 29, 2024, the company’s Board of Directors authorized a donation of KRW 8.53 billion (approximately $7.14 million) to the Community Chest of Korea’s Heemang 2025 Nanum Campaign, aimed at assisting underprivileged individuals.
In addition to the domestic contribution, Samsung disclosed its plans to donate USD 2,939,972 (about KRW 4.11 billion) to the United Nations Development Programme (UNDP). This donation, scheduled for December 2024, is part of an ongoing partnership that began on August 7, 2019, and is set to continue through December 31, 2030. The contribution to the UNDP aligns with Samsung’s efforts to support the United Nations in achieving The Global Goals, a set of 17 objectives established to secure a sustainable future for all.
The funds for the UNDP are sourced from the Samsung Global Goals application, a sustainability platform that encourages user participation, and a matching fund provided by the company. The amount represents the proceeds accumulated from the application between November 1, 2023, and October 31, 2024, combined with Samsung’s corresponding contribution.
Samsung’s charitable actions reflect its broader strategy to engage in social welfare and support global sustainability initiatives. These contributions are part of the company’s annual social responsibility efforts and are consistent with its long-term commitment to community support and development.
The announcement is based on a press release statement and does not endorse the claims made by Samsung Electronics (KS:) Co., Ltd. The company’s contributions are part of its established corporate social responsibility framework and reflect its ongoing partnership with the UNDP.
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