Samsung has its hands in just so many things and subsequently it is worth sitting back and taking notice when the company is accused of setting up a slush fund and engaging in bribery.
Samsung Group is easily South Korea’s leading conglomerate. The company has 58 subsidiaries and accounts for over 20 percent of the country’s exports. Samsung Group’s assets are valued at more than $280.8 billion and its exports were worth $66.3 billion last year.
Scandals are not considered new to such huge South Korean industrial groups as Samsung. These conglomerates have regularly been accused of wielding their economic power to influence government decisions, as well as using shading dealings between subsidiaries to help controlling families to evade taxes and transfer wealth to heirs.
Read more on TMCnet.
Samsung Group is easily South Korea’s leading conglomerate. The company has 58 subsidiaries and accounts for over 20 percent of the country’s exports. Samsung Group’s assets are valued at more than $280.8 billion and its exports were worth $66.3 billion last year.
Scandals are not considered new to such huge South Korean industrial groups as Samsung. These conglomerates have regularly been accused of wielding their economic power to influence government decisions, as well as using shading dealings between subsidiaries to help controlling families to evade taxes and transfer wealth to heirs.
Read more on TMCnet.
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