What's Up Korea?

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Tuesday, February 23, 2010

A new book about Samsung

You remember Kim Yong-churl, a whistle blower from Samsung, who unveiled back in 2007 how the giant company had been engaged in massive, extensive, and illegal lobbying activities?

The book titled "Thinking about Samsung" has just came out but attracts lots of attention from people here who want to know a thing more about Samsung's secretive corporate culture, let alone that of the "royal family." It is on the bestseller's list.

I am in almost half way through the book and kind of shocked how the whole company is putting the interests of the founder family ahead of those of shareholders, and how they use chunk of company's money for things like throwing sumptuous Lee Kun-hee's birthday party where super stars come and sing 3-4 songs to be paid tens of thousands dollars.

I didn't really know how big and core the whistle blower was in the company when the scandal broke out, but it seems clear now to me that he is the right one who know things enough to write a book about the company.

You will definitely have second thoughts about this chaebol when you read this. I am sorry that we don't have a English-translated version of the book..

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