Samsung authorizes $78.9B won for supplier incentive fund
Samsung Electronics Co., Ltd. has authorized a substantial 78.9 billion won contribution to a performance incentives fund for its Device Solutions Division business partners. The funding will be allocated to small and medium-sized enterprises through the Korea Foundation for Cooperation of Large & Small Business, Rural Affairs. The fund's primary objectives are safety accident prevention, quality improvement, and fostering mutual cooperation among business partners.
Samsung plans to distribute the incentives via two payment methods. Safety incentives will be disbursed biannually in September 2026 and February 2027, contingent on partner grades determined by evaluation results. Productivity incentives, on the other hand, will be handed out once in February 2027 to suppliers ineligible for safety incentives.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
