Yesterday’s New York Times had yet another article on the Samsung case and why these scandals don’t result in real punishments, and it quotes (1.5 times) our own commentor Tom Coyner. Read “Tired of Corruption but Afraid of the Crackdown” if interested…
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4 Comments
I read the same article in the Korean Herald this morning.
The reason people believe their economy depends on Samsung is due to Samsung’s own web-spinning of lies to deceive the public. Samsung has it’s own slush fund to pay off journalists, so it’s no wonder the media defends Samsung’s corruption and causes its viewers to support Samsung’s crimes.
In fact I bet the writer of this very article was paid by Samsung: “If Samsung takes a punch, we feel the shock, too. If Samsung shrinks because of the investigation and cuts its investment, smaller companies like us will shut down in droves…”
That is why the Joongang-ilbo should be renamed the “samsung ilbo.”
I don’t really “get” the continuation of this attitude anymore — it seems obvious to me that if owning-family members or other top officers of a chaebol (even the founder himself or his son) were to be imprisoned for this kind of corruption crime, professional CEO-quality managers (from inside the company or outside) could be appointed to run the behemoth smoothly enough that exports would not be lost and nobody would lose their job — at least until the Prince was released and could go back to work, hopefully chastened… It seems that all this system is doing is ensuring that the Captains of Industry never have to lose too much face, never have to actually miss a golf game…
I think you get it quite perfectly, actually:
“It seems that all this system is doing is ensuring that the Captains of Industry never have to lose too much face”
In Korea, face is everything, seriously.
Also, the shock and horror of Korea, Inc.’s flagship company being captained by dirty barbarians would be way too much to accept. “Taxi drivers” all over Korea would light themselves afire in droves.