Samsung is South Korea's No. 1 brand and the biggest exporter. It manufactures smartphones, microchips, gas ovens and microwaves, dishwashers, cargo ships, apartment buildings, vacuum cleaners, pharmaceuticals, air conditioners and much more.. In addition, he is engaged in insurance and issuance of credit cards.
Despite the size of the corruption scandal that erupted in South Korea, the head of Samsung Li He-yun, who tarnished his arms, may soon be released. Businessmen and experts at various levels argue that Lee's imprisonment has a negative impact on the success of the corporation and the country as a whole, the New York Times reports. Without a doubt, this is being told by the society and can lead to a review of the case.
The government of South Korea is currently headed by the president, Luna Je-in and the political party, who were criticized for Samsung and other giant corporations. But for many South Koreans, Samsung and its numerous subsidiaries symbolize the growth of the country, the fight against poverty and the success rate of one small but proud Asian country.
"Samsung is Korea's No. 1 brand, which we are proud of," said Cho Wun-ki, a 78-year-old retired businessman whose son works at Samsung, which provides engineering services, operates resorts and owns a fashion line.
"That's why I do not believe that Lee Cha-yun in prison actually helps the country in general".
However, the business system of South Korea itself is problematic. It is built on haebols - several large family syndicates that own the largest corporations. This breeds corruption.
Even behind the bars, Lee can still effectively manage the empire of Samsung, experts say. Other South Korean companies are ruled by strong family members behind bars, Lee is likely to have contact with Samsung's top managers while in jail.