Samsung Electronics Donates $6 Million for Humanitarian Aid to Ukrainian Refugees

Suspension of Shipments to Russia... "Geopolitical Factors"

[Image source=Yonhap News]

On the 5th, Samsung Electronics announced that it is working in solidarity with international organizations to provide humanitarian aid supplies to Ukrainian refugees.

Samsung Electronics explained that it has decided to donate $6 million, including home appliances worth $1 million, to the Ukrainian Red Cross and others.

It also added that it plans to supplement this with voluntary donations from its employees. Among domestic large corporations that have donated funds related to this war, Samsung Electronics is the second after SK.

On the other hand, Samsung Electronics has suspended shipments of exports to Russia due to geopolitical impacts. A Samsung Electronics official explained, "In addition to the collapse of the Russian ruble's value, shipping companies have stopped transporting to Russia, so shipments have been halted."

Samsung Electronics achieved a record high performance with annual sales exceeding 279 trillion won. Samsung Electronics announced on the 7th that, based on preliminary consolidated results for last year, sales amounted to 279.04 trillion won, and operating profit reached 51.57 trillion won. The photo shows the Samsung Electronics Seocho building. Photo by Mun Honam munonam@

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