Geoffrey Cain
π€ SpeakerAppearances Over Time
Podcast Appearances
in unpaid taxes and penalties.
Some of the chemicals that were brought in the country to make this fertilizer were sold to a saccharin processing firm for a $40,000 profit.
This was another big industry in South Korea at the time.
The government made a big deal out of this.
They launched a crackdown.
President Park said that this was a major crime against national integrity.
And shouted, eat this saccharin.
What was in the bag was actually human feces.
The government pressure was relentless.
And it's not just government pressure, but public pressure.
The National Assembly was upset.
And you have to remember, BC Lee was not a popular guy.
He was seen as somebody who had worked with Japan in the past.
He was a capitalist who made his money under Japanese colonialism.
And so anything out of line would have been enough to rile the public anger at him.
So
Stepping down from Samsung, this was an attempt to try to show that he was humbled by all this, that he would do what he could to make this right.
And then he surrendered the fertilizer plant to show that he was serious.
Happy to be here. Good to be here, Barry.
Happy to be here. Good to be here, Barry.