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Samsung Caught Bribing Government Officials
Dekortage writes "Allegedly, electronics giant Samsung Electronics attempted to bribe a South Korean government official with 5 million won (US$5,445). Ironically, the official was Lee Yong-chul, who was a presidential monitor against corruption at the time. This is the latest allegation against Samsung, which was recently accused of running 'a vast network of bribery through the government, the judiciary branch and the news media' that reaches all the way to South Korean President Roh Moo Hyun."
If someone dropped 250k in my lap, I wouldn't say anything, not a damn word. 5k, however, is a little shallow for a bribe. I would say it's worth it for the respect you could get for coming clean about it.
In conclusion, I think Samsung should give me 250k so I can prove my point.
Abaddon: An Xbox 360 Indie game
As early as 60s in Korea, Govn't have been helping chaebols http://en.wikipedia.org/wiki/Chaebol/ in the effort to push industrialization. This is not news and oftentimes government officials were found laundrying billions of korean won making laws in favor of giants or chaebols in Korea. in korea samsung has its own nicknames like "samsung empire", "republic of samsung". just like microsoft has been often favored by the court and govn't, samsung will remain bully for sometime until there are like 10 another samsung-like-giants in Korea. what do samsung do? electronics, heavy industries, weapons, entertainment....investing in samsung stock is like investing in index fund of some country...it's madness!