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Samsung: Former Legal Council For Samsung Claims It's The Most Corrupt Company, Like Ever
The New York Times has published that bribes, prosecutors on the take, tax evasion and slush funds are common events at Samsung. It sounds like organized crime, but if we're to believe Kim Yong-chul, author of Think Samsung, all these terrible things happen at popular electronics company Samsung, all the time.
Trouble for Kim, a former top legal counsel with Samsung, is Samsung is not only the largest electronics company by revenue in the world, it's also one of the most—in the words of the New York Times—sacrosanct in South Korea. By all accounts, untouchable.
Posted by kwatt on Tuesday, April 27 @ 13:19:09 BST (521 reads)
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Samsung: Samsung Want To Be Number 1
Samsung said on Tuesday (again) it aims to become the world's largest maker of washing machines in three years, hoping its new power-efficient washers would help it lead the North American and European markets.
Samsung, which has rolled out 11 new front-loading washers for the domestic market, plans to chalk up 8 million units in sales globally this year, compared with about 6 million units last year.
Posted by kwatt on Friday, April 16 @ 15:09:54 BST (509 reads)
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Samsung: Lee Kun-hee Returns As Chief Of Samsung Electronics
Engadget, The Wall Street Journal and others are reporting today that convicted white collar criminal, Lee Kun-hee, is to return to head up Samsung Electronics.
Mr Lee is the son of the founder of Samsung and was fined $109 million for tax evasion by Korean courts in 2008. A favorable decision when you consider that prosecutors sought a seven-year jail sentence and a fine of $347 million.
Posted by kwatt on Wednesday, March 24 @ 12:55:16 GMT (526 reads)
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Samsung: Samsung Fridge Fire Alert
The Sun reports today that appliance manufacturer Samsung is being forced to repair thousands of fridge freezers amid fears they may catch fire.
There is a fault in the defrosting systems of the American-style double-door models on top of a recall for a defrost problem that can lead to the fridge section of the fridge freezers not working correctly as reported by the BBC's Watchdog.
Posted by kwatt on Wednesday, February 10 @ 10:54:13 GMT (93252 reads)
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Samsung: Gas Leak At Samsung Washing Machine Plant
A suspected gas leakage from washing machine assembly plant of Consumer Electronics multinational Samsung in Noida Phase-II has caused panic across the region. The gas leakage affected more than 60 workers who were later rushed to the hospital.
Condition of five workers, as per hospital sources, is critical while some are out of danger and being discharged.
Posted by kwatt on Monday, November 23 @ 12:15:59 GMT (704 reads)
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