Samsung Electronics (KRX:005930) will contribute 78.9 billion won to a fund providing performance incentives to outstanding small and medium-sized business partners of its Device Solutions division, the company said in a filing with the Korea Exchange on Monday.
The tech company will channel the funds to the Korea Foundation for Cooperation of Large & Small Business, Rural Affairs, which will distribute the incentives to eligible suppliers.
Shares of Samsung fell over 7% in recent trade.
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