Epic deal, order your S24/S24+ or Galaxy S24 Ultra! Aramid Fibre goodness - Get 15% discount on Thinborne cases!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung Group shuts down its website and blogs

    Business
    By 

    Last updated: April 3rd, 2017 at 13:36 UTC+02:00

    Samsung Group, the powerful South Korean conglomerate made up by lucrative companies like Samsung Electronics, has shut down its official websites and blogs after the conglomerate's corporate strategy office was disbanded in February. The office was shut down following allegations of bribery and corruption which led to the arrest of the conglomerate's heir Lee Jae-yong. Many have viewed the decision to shut down the official website and blogs as a bid by the largest conglomerate in South Korea to improve its public image.

    These websites and blogs were used by the Samsung Group to detail the company's history, philosophy as well as its corporate social responsibility activities for many of its affiliates. If you visit www.samsung.com now it will just redirect you to the Samsung Electronics website.

    Samsung Group decided to take some responsibility for the corruption scandal by shutting down its corporate strategy office in February. A Samsung official cited in a local media report says that the conglomerate hasn't figured out as yet how it's going to operate CSR activities under the Samsung Group name. Discussions are taking place on whether to scrap all CSR activities or to transfer them to other affiliates.

    Samsung will continue to operate its recruitment website but instead of group-wide recruitment events that took place twice a year in the past, the affiliate companies will conduct their own recruitment drives in different dates.

    The biggest challenge still lies ahead for Samsung as it tries to find a way to defend Lee Jae-yong, the heir apparent, who has been behind bars for almost two months now. The formal trial is scheduled to begin this Friday.

    Via Business Samsung ElectronicsSamsung Group

    You might also like

    Premium Samsung Store opened in India’s Kolkata

    Premium Samsung Store opened in India’s Kolkata

    Samsung has opened its Premium Experience Store in the city of Kolkata in India. This is the seventh Premium Experience Store from Samsung to be opened in India. The company announced last year that it wants to open a total of 15 such premium retail stores across India. Samsung has opened a Premium Experience Store […]

    • By Asif Iqbal Shaik
    • 2 days ago
    Walmart and Vizio might beat Samsung’s TV business in the USA

    Walmart and Vizio might beat Samsung’s TV business in the USA

    Earlier this week, US retail giant Walmart confirmed its plans to buy the smart TV brand Vizio in a deal worth $2.3 billion. Initially, Walmart said this acquisition was part of its strategy to expand its Walmart Connect advertising business, but market watchers say this transaction may have some negative effects on Samsung's smart TV […]

    • By Mihai Matei
    • 2 days ago
    Samsung led the tablet market in India in 2023, Apple was 3rd

    Samsung led the tablet market in India in 2023, Apple was 3rd

    The tablet market in India experienced several ups and downs in 2023, but by the end of the year, Samsung emerged as the top-selling tablet brand in the country, new data from IDC (via Times of India) shows. Even though Samsung's tablet business suffered from a 34.7% year-on-year decline in India, the company was reportedly […]

    • By Mihai Matei
    • 3 days ago
    Samsung is playing ball with the Netherlands at the 2024 Olympics

    Samsung is playing ball with the Netherlands at the 2024 Olympics

    Samsung continues to be a global Olympic and Paralympic partner, and last month, the company revealed its slogan for the 2024 Summer Olympic Games in Paris. Now, in anticipation of the Olympics, Samsung has announced a new partnership with the Dutch Basketball Association. Basketball is the fastest growing sport in the Netherlands. Now, the Dutch […]

    • By Mihai Matei
    • 3 days ago
    Samsung sets up SSD research and development team in India

    Samsung sets up SSD research and development team in India

    Samsung has been the leader in the DRAM and NAND flash storage segment for decades, and the company is trying to solidify its leadership with even more research and development. The company has reportedly established a research and development team for SSD in India. According to a new report from Seoul Economic Daily, Samsung Electronics […]

    • By Asif Iqbal Shaik
    • 5 days ago
    Samsung cuts all bonuses for chip division employees after a rough year

    Samsung cuts all bonuses for chip division employees after a rough year

    Samsung has a tradition of offering year-end bonuses to employees across the entire organization to thank them for a job well done. When times have been good for the company, it has given significant incentives to employees to boost their morale. The past year hasn't been great for the company financially as it suffered a […]

    • By Adnan Farooqui
    • 6 days ago