Posts

The Hidden Faces of South Korean Giant

Image
Samsung - Shame, and Corporate Atonement ; Samsung is best known for its production of electronics, particularly mobile phones, which has been the primary power for its income. According to research done by Strategy Analytics, Samsung overtook Nokia to become the world’s largest maker of mobile phones in 2012, and reported its highest "quarterly profit since 2008 at $ 4.5 billion in net profit, up 81% from the year prior. In the year 2012, Samsung was investigated for using illegal labor practices in their China manufacturers. The allegations of this case were that the employees at this manufacturer were in some cases working 16-hour days with one day off per month, and they were also found hiring employees under the legal working age of 16 years of age. Samsung’s manufacturer in China was trying to cut their costs and maximize their profit by hiring younger employees and overusing overtime. This would be deemed ethical by individualists, but they used illegal meth...