Business Ethics and the Samsung Bribery Scandal

Business Ethics

EXECUTIVE SUMMARY
Business ethics plays essential role in the business in order to get effective outcomes
from the business in proper manner. The Samsung Company give bribes to Government and face
the political activities issues in their business. This issue effect on the company in negative
manner to overcome from this require to apply different theories and use effective model to
come out from the scandal.

Contents
EXECUTIVE SUMMARY.........................................................................................................................3
INTRODUCTION.......................................................................................................................................5
PART 1.......................................................................................................................................................5
Briefly explained ethical issues...............................................................................................................5
How company handled these issues.........................................................................................................5
Investigating the concept in regard of selected case................................................................................6
PART 2.......................................................................................................................................................7
Apply relevant theories of business ethics...............................................................................................7
PART 3.......................................................................................................................................................9
Consideration of different stakeholder perspective..................................................................................9
CONCLUSION.........................................................................................................................................10
REFERENCES..........................................................................................................................................11

INTRODUCTION
Business ethics, also called business governance, is a type of ethical problems that can
arise which explores the legal and cultural concepts and consequences that occur in a business
setting. It can also be characterized as the written and unenforced principles of behavior that
guide choices and actions within the same organisation, decided by the culture of a company
(Hwang and Chung, 2018). It extends to all forms of actions on respect of both persons and the
organization as a whole. This report based on the Samsung bribery scandal in which Samsung
leader was arrested on bribery charges. In this report mentioned about the ethical issues that
conduct by the company. According to issue apply the concept of CSR that helps to understand
the sustainability of business. In second part of the report mention about the different theories
like normative and descriptive. At the end of last part analyze the selected case in context of
those stakeholders which are related with Samsung Company in direct and indirect manner.
PART 1
Briefly explained ethical issues
Samsung is a software corporation which has had revenues of $174 billion over the
previous period. Samsung provides a broad array of computer items in a host of other software
sectors from electronic TVs, tvs, tablets, scanners, ipads and several others. Established in 1969,
Samsung has about around 300,000 workers in 79 nations, and serves as being one of the
country's leading businesses. Lee Jay-yong acquired ownership of Samsung in 2014 whenever a
head injury disabled his dad. A South Korean tribunal recently discovered Lee accused of bribes
as well as other corruption allegations. Lee's prosecution falls at the conclusion of a 90-day
inquiry by a grand jury into a case of corruption that led to the longtime South Korean leader
Parks Gun-hye's removal.
Lee has been reported deliberately giving Choi Soon-sil, a hidden lifelong friend of
former leader Ms. Park, $38 million in corruption. Such bribes enabled Lee to obtain assistance
from the government that enabled him maintain more influence over Samsung on a merging of
two Samsung subsidiaries. Lee says payments charged to Ms. Choi were Samsung contributions
and were threatened. Samsung is charged with making the transactions and of finally being able