Samsung Flashcards

(11 cards)

1
Q

How many employees

A

270,000

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2
Q

What is the annual revenue

A

KRW 260 trillion

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3
Q

When was it founded

A

1938

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4
Q

when did it enter the electronics industry

A

1969

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5
Q

What are their notable products

A

FIRST: black and white televisions
1990: introduced the world to the digital TV and MP3’s

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6
Q

What are the social positives

A

Samsung have made ‘10 ethical codes of Samsung securities’ that they have claimed to abide to

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7
Q

what are the social negative

A

in 2019 Samsung faced charges over making misleading ethical claims and have been accused of employing children aged under 16 in China, Vietnam and south korea and enforcing abusive working hours

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8
Q

What are the economic negatives

A

sansung have been through multiple corporate scandals including multiple patent-infringement suits and bribery cases. For example the son of the founder was found guilty in 1996 of bribing former president and was sentenced to two years in prison

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9
Q

what are the economic positives

A

Samsung have give money to many charities, including Tec bridge girls partnership which encourages girls from low-income backgrounds to work in STEM

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10
Q

What are the environmental negatives

A

in 2018 samsung was fined for deliberately slowing down phones causing people to buy new phones and increasing waste. They have also failed to meet carbon emission reduction targets

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11
Q

what are the environmental positives

A

samsung have pledged to invest in and research new technologies to develop energy-efficient products, increase water reuse and develop carbon capture technology

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