The Ethical Case Of Samsung

Samsung Group is a South Korean multinational conglomerate company which headquartered in Samsung Town, Seoul. It comprises numerous subsidiaries and affiliated businesses under Samsung brand including Samsung Electronic which is the world largest electronic company. It is one of the world’s largest conglomerate with an annual revenue of US$ 220.1 billion in 2010.Samsung has been the world’s most popular consumer electronics brand since 2005 and is the best known South Korean brand in the world. Samsung Electronic has proven to be the one of the most prestigious technology company by launching of the first 3D TV in March 2010 at a New York event and partnered with Dreamworks Pictures and this had a major impact on the

Samsung served as the manufacturing industry and international company analyzed. Samsung has been in business for over 70 years and manufactures products for diverse markets, including: digital media, high -tech electronics, home appliances, information technology and telecommunication. Samsung's motto is to "inspire the world and create the future" by leveraging three key strengths: new technology, innovative products and creative solutions.

Samsung is a South Korean multinational company which is headquartered in Seoul, South Korea. It has number of businesses under its own brand name. Samsung was founded by Lee Byung-chul in 1938.

The consensus among researchers is that philosophers and business people alike have long been grappling with the issue of business ethics (Barnard, 1938; Whyte, 1956; McGregor, 1960; Baumhart, 1961; McMahon, 1973; England, 1975; Powers & Vogel, 1980; Drucker, 1981; Ouchi, 1981; Peters & Waterman, 1982; Jones, 1991; Trevino & Nelson, 1995; Miller, 1996; Trevino et al., 1998; Trevino et al., 2000; O’Fallon & Butterfield, 2005, and Mohr & Wolfram, 2010).

Company Background: Samsung is a South Korean multinational company those starting its business as a small trading company and right now becoming world largest corporation. The company deals with its business in several sectors such as advance technology, finance, petrochemical, semiconductors, plant construction, skyscraper, medicine, fashion, hotels, chemical and others. The company was established in 1969 in Suwon, South Korea and known globally for its electronic products (Kelly, 2011). The company is manufacturing several latest technologies, electronic appliances such as mobile phones, tablets, laptops, TVs, refrigerators, air conditioners, washers and other products. The company runs its operations and sales its products in 61 countries with approx 160,000 employees in all over the world (SAMSUNG, 2014). Moreover, the company acquired the position of the world biggest IT maker in 2009 by beating the Hewlett-Packard (HP) previous leader. Its sales revenue in the segment of LCD and LED is the highest in the world. Furthermore, Samsung also becomes world leader in the segment of tablets, mobile phones and gadgets.

Samsung is widely recognized technology company, and well known for its home theater and consumer electronics, such as its smartphones. At Samsung’s website (2016) under the Values & Philosophy section, the company informs the public that:

Samsung Company is a world leader in digital technology innovation. Samsung believes in innovation and continue to look after the new technology to grow their business. I believed that company wanted to build a market in which customers are more loyal to the Samsung brand and trust in the name of Samsung.

Samsung has been in the business for over 70 years, it is a company which is considered to diversify its business ranging from mobile phones to washing machines, TV’s to microwave, all kinds of home appliances to the most modern worldly technology needs of human kind. Samsung is a $160 billion company. Through research, reliability and a talented workforce, Samsung is able to provide technological solutions for our everyday lives. Samsung is known for its TVs however they have penetrated into the mobile phone market. They have come up with creative technology such as the Smart TV and Smart Camera. They continue to invest heavily into their research and development so that they can produce products that are efficient and

Thewire.com also references a report from China Labor Watch. China Labor Watch has said that these workers also work in exhausting conditions, being forced to stand for 11 or 12-hour shifts. Workers are also forced to work without pay, as they are forced to make early morning off-the-clock meetings. Many workers were also forced to take vacation time, instead of pay. China Labor Watch also alleges that at least three factories (TSMD, SEHZ and SSKMT) have hired underage workers, and compensate them the same as adults, 206 U.S. dollars. Chinalaborwatch.org has said that if a worker is absent from one day of work without applying for leave, two days pay will be deducted from their monthly salary. The China Labor Watch has discovered that many children laborers are working in Samsung factories without labor contracts, and many workers are working 11 hour shifts, but only being paid for 10 hours. China Labor Watch’s investigation into Shinyang revealed 15 labor violations. One such violation had to do with child labor, with these children being paid less. Wantchinatimes.com even alleges that some children would work these 11-hour shifts, six days a week. These child laborers were also paid only 70% of what their adult counterparts were paid. “These children, without a labor contract, do the same work for the same long night-shift hours and at the same intensity as adult workers but are paid one-third less.” The Shinyang factory also

Samsung, is a Korean consumer electronics company. Originally, Samsung was a provider of valued priced commodity products that original equipment manufacturers sold under their own brands, now, is a global marketer of premium-priced Samsung-branded consumer electronics such as, flat screen TV’s, digital cameras, digital appliances, semiconductors and cell phones.

Samsung is perhaps the world’s greatest success story. Started in 1938 in Taegu, Korea by Lee Byung Chul, Samsung has sprouted from a small company under Japanese rule, into the one of the world’s leaders in technology and innovation. It is a result of the Confucian principles embraced by the company and its presidents and executive decisions and eagerness to adapt to the rapidly changing world. Principles including leading honorably and with strength, emphasising the ruler subject relationship, Chun-tzu, making personal relationships a priority in a business setting, in addition to keeping accordance with Jen,a warm heartedness and compassion that allows to one to want to better humanity (Lander). In addition to Confucianism, Samsung has learned to innovate, create demand, and learn from other companies’ successes and failures. With this combination of old world Confucian principles and the ability to diversify and evolve, Samsung has experienced intense growth and success, beating out Apple and Panasonic and gaining a foothold in the digital age(Park and Barjot).

1. Samsung is the third biggest South Korean corporation which was launched in the year 1969 as the Flagship Corporation of the Samsung Corporation and also Samsung business. Samsung gets fast enlargement through exports. And also Samsung chooses to undertaking into the TV market. It begins manufacture of black as well as white TV sets for the

Samsung is a South Korean multinational aggregate company headquartered in Samsung Town, Seoul. It contains various subsidiaries and partnered organizations, the majority of them united under the Samsung mark, and is the biggest South Korean chaebol (business combination).

“ Welcome to Samsung, For over 70 years, Samsung has been dedicated to making a better world through diverse businesses that today span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, finance, hotels and more. Our flagship company, Samsung Electronics leads the global market in high tech electronics manufacturing and digital media.

Based on the articles that I’ve read up on , I’m going to talk about Samsung . Samsung is one of the world’s largest information technology company which has a very powerful influence on South Korea’s economic development . Samsung company produces some goods like , TV , Phone , computer and more . One of Samsung’s most successful products are its smartphones which has significantly dominated the world’s mobile phone industry . Samsung is currently one of the best smartphone in the market . Samsung electronic was found and made in 1969 as a unit of Samsung group . The unit was set up as a method for getting Samsung into the advance TV and customer hardware industries . By 1980 , samsung was assembling , transporting , and offering variety