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Samsung Bribery Scandal Threatens South Korea Success Story

“The thing about Samsung is, it’s a giant wound-up ball of yarn of cross-holdings,” said Geoffrey Cain, the author of a coming book on Samsung. “The setup is so complicated that sometimes I wonder if a group of smart people could find a way to tug at the right connection and find a way to loosen it up, to unravel it a bit, just to see if they could pull it away from the company.”

By Choe Sang-Hun and Paul Mozur
The New York Times

Mar 4, 2017

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Lee Jae-yong, Samsung’s crown prince

The arrest of Jay Lee, the de facto leader of Samsung, raises fears he shares Korean dynastic weaknesses “There’s a generation gap on what people think about Jay Lee, and this reflects the cultural struggle in Samsung and in Korean society,” says Geoffrey Cain, author of an upcoming book on Samsung.

By Bryan Harris
Financial Times

Feb 18, 2017

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What Jay Y. Lee Arrest Means for Samsung

Author Geoffrey Cain and David Kirkpatrick, Techonomy’s chief executive officer, discuss the arrest of billionaire heir to Samsung Lee Jae-yong for bribery allegations and other charges related to a corruption scandal. They speak with Bloomberg’s Caroline Hyde on “Bloomberg Technology.”

Bloomberg Technology

Feb 17, 2017

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How Unprecedented Is the Arrest of Jay Y. Lee?

Author and Journalist Geoffrey Cain weighs in on the arrest of billionaire heir to Samsung, Lee Jae-yong, for bribery allegations and other charges related to a corruption scandal. Cain speaks on “Bloomberg Markets.”

Bloomberg Markets

Feb 17, 2017

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Political Crisis Engulfs Samsung, a Firm Tied to South Korea’s Success

“Beyond the arrest itself, this is going to be a big blow to the narrative they’ve been building,” said Geoffrey Cain, the author of a coming book on Samsung. “It’s hard to convince shareholders and partners they are a hip Silicon Valley-style company when these charges show them to be a company run like a feudal dynasty.”

By Paul Mozur
The New York Times

Jan 16, 2017

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In Samsung’s Messy Phone Recall, Lack Of Transparency Takes Center Stage

Geoffrey Cain, author of a forthcoming book about the so-called Samsung empire, says the validity of reports about replacement Note 7s catching fire was met with skepticism inside Samsung itself. Employees told him they felt like they couldn’t really touch the topic for fear of “being branded trouble-makers.”

By Alina Selyukh and Elise Hu
NPR

Oct 18, 2016

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What to read next:

Samsung workers go on strike

About 20% of the National Samsung Electronics Union walked off the job, protesting for higher pay and better working conditions. It’s the first time Samsung workers have gone on strike. The World’s host Carolyn Beeler talks about the strike and its significance with Geoffrey Cain.

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