KKR Acquires $820 Million Convertible Bonds of Samsung SDS, a Subsidiary of Samsung

According to CNBC, investment firm KKR announced a definitive agreement with Samsung SDS—the blockchain and IT financial services provider under Samsung—to acquire newly issued convertible bonds worth 1.22 trillion Korean won (approximately $820 million). Samsung SDS launched its Digital Transformation Experience Service in 2020, including a blockchain platform, and jointly developed a blockchain-powered certification service with Shinhan Bank. It also served as the technical advisor for the Bank of Korea’s central bank digital currency (CBDC) pilot project. KKR will provide Samsung SDS with advisory services in mergers and acquisitions, capital allocation, AI products, and global expansion, as well as accelerate investments in AI infrastructure.