Samsung chair imprisoned and 24 others found guilty in union-busting case

Samsung is responsible for a large portion of GDP in Korea. Arguably, Samsung has contributed a lot to Korea's "Miracle on the Han River".

With Korea's current progressive "Moon's" government, Korea is going through a lot of changes (higher minimum wage, a lot of focus on gender equality, stronger labor union, shorter work hours, stronger punishment for corruptions within companies, etc), and traditional "chaebol" companies are having trouble adapting to some of these changes. There are also a lot of eyeballs on past and current shady behaviors by "chaebol" companies. As one of the biggest "chaebol" companies, Samsung is also being affected by the changes, and this article shows one of them.

One question I have is how beneficial these changes would be for GDP of Korea. On paper, these changes sound nice as they would benefit employees and make things "fair". But changing things dramatically can have side effects (ex. higher minimum wage led to many small shops closing). More regulations might limit Samsung's ability to compete internationally, which is bad as Samsung (and Korea in general) rely heavily on export-based economy.

That's a good point... Making changes quickly and dramatically does have some effects that might be negative. However, it's usually very difficult for such changes to happen slowly and progressively.

Those kind of changes tend to come when a large percent of the population is fed up with the way things are and start to agitate for changes. At that point, it's unlikely to happen progressively... So it's a bit of a catch 22, as long as the people who benefit from the current state of society are in power (or control those who are in power), change are unlikely to come progressively since it would be disadvantageous to them but, once they lose the reigns (as they inevitably do), change happen so fast that it's both potentially bad for the society at large and worse for the ones who used to be at the top.

I'm not sure there are many examples of enlightened robber barons who allowed progressive changes that were counter to their interests but improved society as a whole.

>I'm not sure there are many examples of enlightened robber barons who allowed progressive changes that were counter to their interests but improved society as a whole.

Bill Gates' charitable work comes to mind. I wouldn't call him really a robber baron as the term implies wealth gained unfairly or from others involuntarily. The Fed is printing almost another half trillion in cash to inject, subsidize Wall St., for example. I also don't know if the term applies fairly to Samsung, as while the Korean history of chaebol companies was fueled by crony capitalism, their wealth does primarily come from their export-driven business where they compete globally. It's not like a JP Morgan (the person) or JP Morgan (the Wall St bank today) who really rely on borderline slavery from captive labor markets, or welfare from taxpayers.