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Interim Business Report for the Quarter Ended September 30, 2014

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Interim Business Report for the Quarter Ended September 30, 2014 SAMSUNG ELECTRONICS Co., Ltd. Interim Business Report For the quarter ended September 30, 2014 Note about forward-looking statements 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. Samsung Electronics 2014 Interim Business Report 1 / 152 Table of Contents Certification ........................................................................................................................................................................... 3 I. Corporate Overview .................................................................................................................................................... 4 II. Businesses Overview ................................................................................................................................................ 20 III. Management Discussion and Analysis .................................................................................................................... 53 IV. Corporate Governance and Affiliates ...................................................................................................................... 54 V. Information on Shareholders ................................................................................................................................... 92 VI. Executives and Employees ...................................................................................................................................... 98 VII. Related Party Transactions .................................................................................................................................... 105 VIII. Other Information Related to Investment Protection ........................................................................................... 109 IX. Auditor’s Report ...................................................................................................................................................... 115 X. Financial Statements ............................................................................................................................................... 117 XI. Summary of Significant Accounting Policies ....................................................................................................... 133 XII. Supplementary Information .................................................................................................................................... 148 Samsung Electronics 2014 Interim Business Report 2 / 152 Certification Letter of Certification We, Oh-Hyun Kwon and Sang-Hoon Lee, as CEO and director of the company in charge of reporting, certify that we have reviewed the interim business report of Samsung Electronics Co., Ltd. for the quarter ended September 30, 2014. Based on our knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary that would be misleading with respect to the period covered by this report. Based on our knowledge, the financial statements, and other financial information included in the report, fairly present in all materials respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report. We confirm that Samsung Electronics operates an Internal Accounting Management System, responsible for establishing and maintaining disclosure controls and procedures and internal controls over financial reporting, as defined in Article 2.2 and 2.3 of the External Audit Act. We have disclosed our most recent evaluation of internal controls over financial reporting to the Company’s auditors and to the audit committee of the Company’s board of directors. Date: 2014. 11. 14 Samsung Electronics 2014 Interim Business Report 3 / 152 I. Corporate Overview 1. Overview A. Legal, Commercial Name: - Samsung Electronics Co., Ltd. B. Date of Establishment: - Samsung Electronics (“SEC” or `“The Company”) was established as Samsung Electronics Industry Co., Ltd. on January 13, 1969, held an Initial Public Offering on June 11, 1975. - The Company changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. in accordance with the resolution of the Annual General Meeting of Shareholders on February 28, 1984. C. Address, Phone Number, and Website of the corporate headquarter - Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea - Phone Number: 82-31-200-1114 - Website: http:// www.samsung.com/us D. The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises. E. Core Businesses - The Company independently manages three independent divisions, CE (Consumer Electronics), IM (Information Technology & Mobile Communications), and DS (Device Solutions). Products in each division are presented below: Division Products CE CTV, Monitor, Printer, Air Conditioner, Refrigerator, Washing Machine, Medical Devices, etc. IM HHP, Network System, Computer, Digital Camera, etc. DS DRAM, NAND Flash, Mobile AP, LCD panel, OLED panel, LED, etc. The Company is a global electronics company comprised of the headquarters in Korea and 158 subsidiaries across the world including nine (9) regional headquarters for the CE and IM divisions and five (5) regional headquarters for the DS division. [CE Division] The CE division is leading the global digital era by continuously offering new products with innovative technology, unique design, and value. CTV is the core product of the CE. The Company has maintained its market leadership position for the past eight (8) consecutive years through competitive advantage in hardware products such as LCD and LED TV as well as software driven product features with our Smart TV product portfolio. Samsung Electronics 2014 Interim Business Report 4 / 152 [IM Division] The IM division is leading mobile lifestyle innovation with consumer-friendly products such as the premium brand ‘GALAXY’ series, while driving the paradigm shift in the market beyond mobile convergence to focus on software. The IM division is focused on meeting market demands by enhancing mobile product differentiation through integration of key features from various product categories. In addition to HHP products including smartphones, the IM division is also leading technological development and standardization in the global networks system market including Long Term Evolution (LTE). [DS Division] The DS division is comprised of semiconductor and display businesses. The semiconductor business is divided into memory and System LSI businesses. The memory business manufactures and sells DRAM and NAND products. The System LSI business manufactures Mobile AP (Application Processors) and various sensors including CIS (Central Imaging Sensors). The display business manufactures and sells display panels, including TFT-LCD and OLED. The memory business produces differentiated products and has maintained number one position in the global memory market by applying advanced process technology. The System LSI business is leading the industry shift from PC to mobile. For display business, the Company is leading the market with technological development and investment resulting in superior quality and cost competitiveness in TFT-LCD and increasing applications of OLED panels in various IT products. ☞ Refer to 『II. Businesses Overview』, for more details about each division Samsung Electronics 2014 Interim Business Report 5 / 152 F. Affiliates The Company is an affiliate of Samsung Group under the Monopoly Regulation and Fair Trade Act. As at September 30, 2014, Samsung Group had a total of seventy (70) domestic affiliates, where four (4) new affiliates (Samsung Welstory, Seoul Lakeside CC, Samsung Card Customer Service, and Shilla Stay) were included and nine (9) affiliates (Samsung Corning Precision Materials, Samsung SNS, Global Tech, 365Homecare, Samsung Petrochemical, Cheil Industries, World Cyber Games, SMP, and SKKU dormitory) were excluded. Among the Samsung Group’s seventy (70) domestic affiliates, sixteen (16) affiliates including Samsung Electronics are listed, and fifty-four (54) affiliates are unlisted. [As of Sep 30, 2014] No. of Name of affiliates affiliates Samsung C&T, Samsung Electronics, Samsung SDI, Samsung Techwin, SEMCO, Samsung Heavy Industries, Listed 16 Samsung Card, Samsung Life Insurance, Hotel Shilla, Samsung Fire & Marine Insurance, Samsung Securities, Samsung Fine Chemicals, Samsung Engineering, S1, Cheil Worldwide, CREDU Cheil Industries(formerly Samsung Everland), Samsung SDS, Samsung General Chemicals, Samsung Total Petrochemicals, Samsung Lions, SERI, STECO, Samsung Thales, SEMES, Samsung Electronics Sales, Samsung Electronics Service, Samsung Electronics Logitech, Hantok Chemicals, CVnet Corporation, Care Camp, Allat., SECUI, Gacchinet, Open Tide Korea, Samsung Futures, Samsung Venture Investment Corporation, Samsung Asset Management,
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