Is Samsung Building America Today?
By: Adam Pazcoguin
“At Samsung, we follow a simple business philosophy: to devote our talent and technology to creating superior products and services that contribute to a better global society.”
Appliances include: Refrigerators, Ovens, Washing Machines, Microwaves, etc.
A T.V. that allows for displayed responses to touched-based user inputs.
Samsung Galaxy Phone Line
Samsung's most popular phone line: The Samsung Galaxies. It's most recent ad-on was the Samsung Galaxy 9.
Lee Kun-Hee is the Chairman of the Samsung Group. Interestingly, he is the 3rd son of the Samsung group founder, Lee Byung-Chul. Currently he is being hospitalized due to a heart attack in 2014, yet still remains has Samsung Chairman to this day.Source: https://www.forbes.com/profile/lee-kun-hee/#3ab64ef651a0
Kim Ki Nam
Kim Hyun Suk
Kim Hyun Suk has been the director and president of Samsung Electronics since 2018. Previously, he served as a head for Samsung research, for he was adept at display products.With his team, he was the head of the Visual Display Business and Samsung Electronics.Source: https://www.bloomberg.com/research/stocks/people/person.asp?personId=542323403&privcapId=91868
Yay and Nays
Samsung Scandal February 5, 2018
A man by the name of Lee Jae-yong was elected to the board of Samsung Electronics. He is the son of chairman Lee Kun-Hee and grandson of founder Lee Byung-Chul. He is charged with a political and corporate scandal with South Korean President, Park Geun-Hye. He was accused of political corruption by paying Choi Soon-Sil in exchange for political support. Other charges include bribery, embezzlement, hiding assets overseas and perjury. Despite his term supposed to be lasting for 5 years, it was halved, then suspended; this basically meant he got a get-out-of-jail card. After his release, he returned to being the Vice-Chairman of the Samsung Group in hopes to redeem himself this time.
Samsung AI Centre at Cambridge
Samsung Company is opening an AI research lab at Cambridge, UK. It will recruit 150 different scientists and led by Professor Andrew Blake. Their current AI, Bixby, has had a low profile compared to other AI such as siri, and the purpose of this research lab is to improve on the Samsung AI, and implement AI in all of their technology by 2020. The requirements to be chosen are tough, however it is an opportunity to better the quality of products for consumers.
Robber Baron or Captain of Industry?
Captain of Industry
- The company must do good things for the industry
- The company must increase supply of goods, productivity, and create jobs in a manner that is fair.
Samsung meets both of these requirements because the industries that Samsung supports goes from the electronic industry to the medical industry. They have the power to operate and distribute goods in these industries through their several branches. Furthermore, Samsung Group is constantly looking for new creatives to add to their work line. An example of this would be how they're recruiting scientists to work on AI in cambridge. Yes, there was that corruption scandal with Lee Jae-Yong where he was arrested. This is a huge spit in the face to the company, however, as Lee regained his position as Vice-Chairman, he says the he wishes to redeem himself. Therefore, I believe that the Samsung Company will go down as a captain of industry and not a robber baron.