Assignment about What is Ethical Issues?

Running head: ETHICAL ISSUES
ETHICAL ISSUES
Name of the Student
Name of the University
Author Note

1ETHICAL ISSUES
Introduction
There has been countless issues across the world in which an organization was
involved in major ethical and moral issues that shook the world. Ethical issues arise when an
individual related to an organization or the organization itself has made a decision or been
involved in an action that is against the laws that are laid down for it or against the moral or
ethical code that governs it. These ethical issues tend to be harmful for the company and the
stakeholders involved, as these issues often gain enormous media publicity, it creates a
difficult situation that is not easy to handle andthe adverse repercussions of the same may
linger on, associated with the company for years, costing them money and resources, also
their goodwill earned over years of hard work. People are quick to forget victories but issues
like these remain in the limelight for too long. In this paper, the Samsung Bribery charges
case will be studied from an ethical perspective and analyzed using a personal ethical
standpoint.
The Samsung Bribery Charges Case
About the Company
Samsung is a technology and electronics company that has it’s headquarters in
Samsung, a town in Seoul in South Korea. The company was founded in 1938, and from that
time it has diversified into countless sectors that include, primarily electronics and sectors
like textile, food processing and even insurance.
The Case
Lee Jay Young was placed in control of Samsung after his father had to give up
control because of health issues due to a heart attack. However soon the sun was accused of
various corruption charges and bribery of which he was found guilty. It was a 90 day
investigation by a prosecutor was specially looking into one of the biggest corruption

2ETHICAL ISSUES
scandals. This case had led straight to the impeachment of a former president of South Korea
Park geun-hye. Lee voice unfortunately found guilty of providing dollar 38 million as brides
to choi soon sil who used to secretly work for the former President Park. These bribes hed
helped Samsung game enormous support of the government that in turn help the company
gain more on a merger that had taken place in between two Samsung affiliates. Lee had
argued that the brides that were paid to joy where actually donations from the company and
they were in reality coerced to give them. However Samsung was yet accused of initiating
and making the payments that had intern help them carefully secure a particular vote by the
national pension service that was controlled by the government and it supported the merger.
It is said that Park had ordered the service tool and all the support to Lee. This case had taken
a bigger form because a lot of criminal issues occurred along with embezzlement and a lot of
assets were hidden overseas. Lee was branded a type phone who had willingly done all of
these while being completely aware of what he was doing, else he would not have paid the
confidante if President Park in order to secure early gain the backup of the government when
it came to the merger (Janeckzo, 2017). It had in actuality cost a loss of dollar 123 million to
the pension fund because they had in your mistakes in both the affiliates. The mother had also
helped increase the stock on part Lee's family buy a minimum of at least dollar 758 million.
This case was an enormous blow to the reputation of the company and the company had to
work enormously hard to prove that this event was one time event and that something like
this would never happen in the future again.
Effect on the stakeholders
Stakeholders are the most important part of the company and de are to be given complete
transparency when it comes to the operations of the company. Naturally this case was not
transparent as the stakeholders would never have allowed this and it was done purely for the
benefit of the owner of Samsung. Naturally this case had brought Samsung into the Limelight