Samsung Flashcards
(11 cards)
How many employees
270,000
What is the annual revenue
KRW 260 trillion
When was it founded
1938
when did it enter the electronics industry
1969
What are their notable products
FIRST: black and white televisions
1990: introduced the world to the digital TV and MP3’s
What are the social positives
Samsung have made ‘10 ethical codes of Samsung securities’ that they have claimed to abide to
what are the social negative
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
What are the economic negatives
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
what are the economic positives
Samsung have give money to many charities, including Tec bridge girls partnership which encourages girls from low-income backgrounds to work in STEM
What are the environmental negatives
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
what are the environmental positives
samsung have pledged to invest in and research new technologies to develop energy-efficient products, increase water reuse and develop carbon capture technology