[THE INVESTOR] Samsung Electronics said on July 25 it has paid out a combined 15.25 billion won (US$13.4 million) as incentives to the company’s 95 contractors supplying parts for its chip products.

The incentives will be immediately distributed to some 10,000 workers working at the suppliers.

Samsung offers two types of incentives to suppliers for improved productivity and safety measures. Since last year, the Korean tech giant is offering incentives twice a year to help boost the local economy.

By Lee Ji-yoon (jylee@heraldcorp.com)