Company Directory - Samsung Electronics
Company Details - Samsung Electronics
Samsung Electronics
WebsiteSuwon, South Korea
ISIN: KR7005930003
Samsung Electronics is a global leader in technology, known for its diverse range of electronic products including mobile devices, televisions, home appliances, and smart glasses. The company is recognized for its innovation in consumer electronics and commitment to quality.
CCI Score
CCI Score: Samsung Electronics
-22.30
0.01%
Latest Event
Tentative Wage Agreement Boosts Workers' Rights at Samsung Electronics
Samsung Electronics and its labor union reached a tentative agreement on wages for 2025, securing a 5.1% pay raise along with additional benefits such as cashable credits and stock shares. The agreement, following 48 days of negotiations, also addresses improvements to the performance-based compensation system and extends wage increases for 2023 and 2024.
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ACCOMPLICE
Samsung Electronics is currently rated as an Accomplice.
Latest Events
- FEB252025
Samsung Electronics and its labor union reached a tentative agreement on wages for 2025, securing a 5.1% pay raise along with additional benefits such as cashable credits and stock shares. The agreement, following 48 days of negotiations, also addresses improvements to the performance-based compensation system and extends wage increases for 2023 and 2024.
+70
Labor Relations and Human Rights Practices
April 14
The tentative wage agreement, negotiated with union representatives, marks a significant step in improving labor relations and ensuring fair worker compensation. The negotiated wage increases and added benefits reflect a commitment to workers' rights and provide a positive, anti-authoritarian development by supporting fair labor practices.
Samsung Electronics, union reach tentative agreement on 2025 wages
- FEB062025
An OpenSecrets profile details the recipients of Samsung Group's political contributions during the 2024 election cycle, based on data released on February 06, 2025. The profile aggregates contributions from PACs and individuals, without indicating a clear ideological bias towards authoritarian or far-right political agendas.
+0
Political Contributions and Lobbying Efforts
April 14
The article outlines Samsung Group's political contributions profile for the 2024 cycle. While this signals involvement in political financing, there is no evidence in the data provided that ties these contributions to support for authoritarian or far‑right policies. As such, the impact is rated neutrally under Political Contributions and Lobbying Efforts.
- FEB062025
OpenSecrets data shows that during the 2024 cycle, Samsung Group contributed $620,458 in campaign finance and spent nearly $7 million on lobbying, reflecting significant corporate influence in political arenas.
-50
Political Contributions and Lobbying Efforts
April 14
The data from OpenSecrets indicates that Samsung Group engaged in considerable political spending with $620,458 in contributions and approximately $6.98 million in lobbying during the 2024 cycle. This level of political influence raises concerns about potential alignment with corporate interests that can undermine progressive reforms and democracy, reflecting a troubling engagement in public and political behavior.
- FEB062025
Samsung Electronics America PAC contributed a total of $338,000 to federal candidates in the 2023-2024 election cycle, with approximately 51.33% going to Democrats and 47.49% to Republicans. This political donation mix raises concerns over the company’s role in financing political influence that could support authoritarian-leaning candidates.
-20
Political Contributions and Lobbying Efforts
April 14
The PAC's contribution of $338,000, with nearly half allocated to Republican candidates and a slight majority to Democrats, reflects a significant exercise of corporate political influence. From an anti-fascist perspective, even balanced contributions are concerning if funds support candidates who may adopt authoritarian policies, making this action mildly damaging.
Samsung Electronics America PAC Contributions to Federal Candidates • OpenSecrets
- NOV142024
Samsung Electronics announced a tentative agreement with its labor union, Jeonsamno, for the 2023-2024 wage and collective agreements. The deal includes a 5.1% wage increase, recognition of 8 hours of paid union activities, provision of additional Family Net points, and commitments to joint CSR activities, marking a positive step towards improved labor-management relations.
+60
Labor Relations and Human Rights Practices
April 14
The tentative wage agreement incorporates several worker-friendly measures including wage increases, paid leave for union activities, and benefits that support collective bargaining. These improvements contribute positively to labor rights and human dignity, aligning with progressive labor practices and countering authoritarian labor suppression.
Samsung Electronics and Labor Union Reach Tentative Wage Agreement ...
- NOV142024
Samsung Electronics' union members voted against a tentative wage agreement reached on November 14, 2024. The agreement, which offered paid time for union meetings and education sessions, as well as 2 million Family Net points valued at approximately 250 billion won, was rejected by 57% of the union vote, reflecting significant dissatisfaction with the company's labor practices.
-60
Labor Relations and Human Rights Practices
April 14
The rejection of the tentative wage agreement by union members indicates that Samsung's proposals did not meet the workers' expectations for fair labor practices and adequate compensation. This event highlights a failure in ensuring worker rights and fair treatment, aligning with concerns under the 'Labor Relations and Human Rights Practices' category, and reflecting a trend that could undermine the company’s commitment to ethical labor relations.
Samsung Electronics Unionists Reject Tentative Wage Deal Amid Ongoing ...
- OCT282024
The report details Samsung's spending on lobbying activities in the United States from 2009 to 2023, as documented by Statista with data sourced from the US Senate Office of Public Records and opensecrets.org. These consistent lobbying expenditures suggest ongoing corporate efforts to influence US policy-making.
-30
Political Contributions and Lobbying Efforts
April 14
Samsung's sustained expenditure on lobbying, as evidenced by the reported data from 2009 to 2023, reflects a corporate strategy aimed at influencing regulatory and political outcomes in the United States. From an anti-authoritarian perspective, such efforts can be seen as contributing to undue corporate influence over public policies, potentially undermining democratic processes and accountability.
- JAN012024
Samsung Electronics significantly increased its US lobbying spending, with $5.45 million spent in 2024, as part of a broader trend among South Korean conglomerates seeking to influence policy ahead of a new Trump administration. Disclosure reports detail a steady rise in lobbying expenditures over recent years.
-70
Political Contributions and Lobbying Efforts
April 14
The article highlights Samsung Electronics' aggressive lobbying in the US, with spending reaching $5.45 million in 2024. This significant increase is seen as an effort to influence policy-making in favor of corporate interests at a time when policies conducive to authoritarian governance, such as those anticipated under the Trump administration, are emerging.
- OCT242023
Samsung Semiconductor Inc., a branch of Samsung Electronics, hired Covington & Burling LLP to lobby on issues such as the advanced manufacturing investment credit and the U.S.-Taiwan Expedited Double-Tax Relief Act. The lobbying effort is aimed at securing favorable conditions for domestic semiconductor production and tax reforms, as reported on October 24, 2023.
-40
Political Contributions and Lobbying Efforts
April 14
The hiring of a major law firm to influence key tax and semiconductor policies reflects a deliberate corporate political maneuver. From an anti-fascist perspective, such corporate lobbying can undermine democratic accountability and favor corporate interests over those of the broader community and workers.
Bottom Line: Samsung lobbies up on semiconductor, tax issues
- APR122023
A whistleblower report alleges that safety protocols at Samsung’s Bac Ninh plant in Vietnam were grossly neglected, exposing workers to toxic chemicals. Issues such as unreplaced air filtration materials, improper wastewater treatment, and the use of hazardous substances like methanol reportedly led to serious health problems among workers, prompting demands from public interest groups for accountability.
-80
Labor Relations and Human Rights Practices
April 14
The allegations indicate that Samsung failed to enforce adequate safety measures, resulting in worker exposure to toxic chemicals and significant health risks. This neglect of labor rights and worker safety, with reported cases of methanol poisoning and environmental hazards, demonstrates a serious breach in the company’s ethical responsibilities.
Samsung allegedly exposed workers to toxic chemicals, says whistleblower
- JAN012023
Samsung Electronics America Inc has an active Political Action Committee registered with the FEC, displaying modest fundraising of $35,581.47 for the electoral cycle spanning part of 2023 through October 2024. This PAC registration indicates the company’s engagement in political financing and raising its influence in political processes.
-10
Political Contributions and Lobbying Efforts
April 14
The formation and activation of a corporate PAC, even with modest fundraising totals, represents an effort to engage in political contributions and lobbying. Such involvement can be used to shape political outcomes in ways that prioritize corporate interests and may contribute indirectly to undermining democratic accountability.
- JAN012023
Reports indicate that Samsung Group spent $6,300,000 on lobbying activities during 2023, as detailed by OpenSecrets. The disclosure underlines Samsung's active engagement in political lobbying, raising concerns about corporate influence over public policy.
-50
Political Contributions and Lobbying Efforts
April 14
Samsung Group's reported expenditure of $6.3M on lobbying in 2023 demonstrates significant corporate efforts to influence political processes. From an anti-fascist perspective, such exertion of political influence is worrisome as it can undermine democratic accountability and serve corporate interests over the public good.
- JUN232019
A report by Hankyoreh reporters documents severe labor rights violations at Samsung Electronics' factories in India, Vietnam, and Indonesia, including wage violations, forced labor, and verbal abuse, which undermine the company's declared migrant worker guidelines.
-80
Labor Relations and Human Rights Practices
April 14
The report provides detailed evidence of exploitative working conditions and labor rights violations at Samsung factories in Asia, contravening the company's own commitments to protect migrant and labor rights. This clearly reflects poor labor relations and unethical treatment of workers, which is particularly concerning from an anti-authoritarian perspective.
Report finds exploitative working conditions in Samsung factories across Asia
- JAN012019
In 2019, a series by Korean media outlet Hankyoreh detailed serious allegations against Samsung's supply chain factories in India, Indonesia, and Vietnam, including unsafe working conditions, poor wages, worker deaths, exploitation, and union busting. Samsung issued a statement in response to these claims.
-75
Labor Relations and Human Rights Practices
April 14
The investigative report outlines severe labor rights violations including unsafe conditions, low wages, and union busting, all of which indicate a failure to protect worker rights in Samsung's supply chain. This is categorized under Labor Relations and Human Rights Practices.
Samsung accused of 'unsustainable labour practices' in its supply chain; Incl. co. statement
-70
Supply Chain Ethics
April 14
The report raises significant concerns about Samsung's supply chain ethics, highlighting issues in factories abroad regarding exploitation and lack of fair labor practices. These unsustainable practices in sourcing and production reflect negatively on corporate ethical standards.
Samsung accused of 'unsustainable labour practices' in its supply chain; Incl. co. statement
- NOV232018
An investigation revealed that migrant workers at a Samsung plant in Malaysia continue to face severe human rights abuses, including extortionate recruitment fees, passport confiscation, and threats from subcontracted agencies. Despite existing guidelines for directly employed workers, the company’s reliance on vulnerable subcontractors exposes a critical gap in its supply chain oversight and protection measures.
-70
Labor Relations and Human Rights Practices
April 14
The investigation highlighted systemic abuses faced by migrant workers employed through subcontractors in Samsung's supply chain. This failure to protect basic labor rights, such as freedom from extortion and unsafe working conditions, underscores a significant neglect of ethical labor practices.
Samsung fails to identify and address migrant worker abuses in its supply chain
-50
Supply Chain Ethics
April 14
Samsung’s continued reliance on subcontracted migrant labor without robust supply chain auditing processes reflects a lack of accountability in ethical sourcing. This shortfall exacerbates worker vulnerability and undermines efforts to ensure safe and fair working conditions.
Samsung fails to identify and address migrant worker abuses in its supply chain
- FEB242017
Samsung Electronics has instituted a new board-driven oversight process requiring board approval and public disclosure for any donation or financial support to third parties exceeding 1 billion won. The move is intended to improve transparency and strengthen compliance in the wake of a graft scandal affecting the Samsung Group.
+40
Political Contributions and Lobbying Efforts
April 14
By tightening the rules on donations—mandating that any financial support exceeding 1 billion won must receive board approval and be disclosed publicly—Samsung Electronics is enhancing its internal controls and transparency regarding political contributions. This improvement in oversight is a positive move against the potential misuse of corporate funds for political influence, countering tendencies that might favor authoritarian practices.
Samsung Elec tightens donation rules; report says two group execs offer to quit
Alternatives
Corporation
-20.96
Suwon, South Korea
-33.24
Beijing, China
-11.97
Seoul, South Korea
15.62
Seoul, South Korea
-8.66
Shenzhen, China
-26.27
Taiwan
34.53
Beijing, China
-5.23
India
-44.58
China
-46.19
Corporate Financials
- Revenue
- 2023
- $240.00B
- Total Assets
- 2023
- $310.00B
- Operating Income
- 2023
- $38.00B
- Total Equity
- 2023
- $150.00B
Employees: 320,000
Industries
- 334111
- Electronic Computer Manufacturing
- 334210
- Telephone Apparatus Manufacturing
- 334220
- Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
- 334310
- Audio and Video Equipment Manufacturing
- 334413
- Semiconductor and Related Device Manufacturing
- 423690
- Other Electronic Parts and Equipment Merchant Wholesalers