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In this video we go over the 2015 Samsung scandal in which Samsung heir Lee Jae Yong paid millions of dollars in bribes to South Korean president Park Guen Hye in exchange for help to close his $8 billion merger. This scandal shook the core South Korea’s business and political system.
0:00 – 1:41 Intro
1:42 – 2:29 Moomoo sponsorship
2:30 – 3:24 Korean conglomerates
3:25 – 4:32 Samsung history
4:33 – 6:07 Samsung ownership structure
6:08 – 7:37 Samsung C&T merger
7:38 – 9:42 President Park
9:43 – 11:00 Bribery
11:01 – 12:05 Corruption exposed
12:06 The power of Korean corporations
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Watch more new videos about Samsung | Synthesized by Mindovermetal English
Samsung's Lee family trying to consolidate and retain power is very similar to North Korea's Kim family…
Cool analysis
Why are you censoring/pixelating everyone hands? Are they making an obscene gesture to the camera?
lol, the now-president is even so corrupt as the last one.. poor koreans
korea cannot survive without corruption at this point of time. residents are really bad with finance with household debt is very high
if you believe she accidentally left her tavlet i Germany and it accidentally got into the hands of a korean journalist?
i have a bridge to sell you.
it was obviously retaliation by people like elliot management, who stole the tablet and gave it to the media to bring the Samsung family down.
"shakedowns" = cost of doing business
meanwhile. Evergrande – hold my beer
Nissan – wakes up next to the PM
In the past, Chinese, Japanese and Korean business men treat trading as a form of "war". It is not a matter of gaining market share, it is a goal to destroy any competitor. Slowly things are changing, for they know that they need to follow business practices from afar, to make deals with the rest of the world.
2017! I knew this scam from my Korean friends before it came out. My Korean friends said never use Samsung because they have even Hitmen. Extremely evil company. They said they use other Korean brands but not Samsung.
"The only reason she got caught was because of her own stupidity "- I love this show.
There's a doc about Samsung's r&d department employees getting sick and Samsung paying the family off a small amount…really shady Samsung
In the American conscious, South Korea sits benignly at its periphery, a successful ally. A movie script, I had no idea the plot so involved, thanks !
Samsung is too big to fail . 😊
It's amazing that something like this was such a scandal in Korea, when this corruption happens everyday in the US, and it's completely ignored. Remember, corporations don't give "campaign contributions" for their love of democracy. They "Bribe" politicians to get favorable deals, and massive tax breaks. It obviously works, and I don't see Bezos, Gates, or Elon sitting in jail.
This just gets to me…
Samsung is fraud they made phone to only last for less than 2 years so you keep buying new one the green line on your phones is plotted by samsung…
4:51 terrible explanation
Lee Jae Yong was a huge fan of Sylvester Stallone Judge Dredd movie: "I didn't break the law, I Am The Law."
How do you not have 1m subs by now
With inheritance tax you kinda lose the family business?
Corporate criminals
Corruption – Globalization (All Level Of Governments).
SK holding is a conglomerate that involve in memory business, but also in telecom and petrochemical.
Another successful American expansion of "freedom and democracy". 😡
Great vid 👍
SamShit again.
Bruh those women got football numbers lmaooooo.
10% for the big guy seems much simpler.
Remember guys, "capitalism breeds innovation" (in hoarding and corruption). 🤫
I am a hardcover fan of Korean TV shows and this is a far better storyline than all the shows I have watched.