Samsung, Lotte Targeted by Charity Probe

The video discusses the role of foundations in family-run conglomerates, focusing on their use to maintain control and potentially evade taxes. The FTC is scrutinizing these foundations, particularly their revenue and charitable contributions. A comparison is made between Samsung and the Melinda Foundation, highlighting discrepancies in their giving. The video also covers a corruption scandal involving Samsung and government officials, where foundations played a central role.

What is one of the main concerns of the government regarding family-run conglomerates and their foundations?

• They are not generating enough revenue.

• They are being used to maintain control and avoid taxes.

• They are not hiring enough employees.

• They are investing too much in foreign markets.

What percentage of their assets did Samsung foundations give away last year?

• 1.6%

• 5.0%

• 11.6%

• 20.0%

How do foundations typically support conglomerates?

• By offering marketing services.

• By expanding their product lines.

• By acting as allies against minority shareholders.

• By providing financial loans.

Who typically runs the foundations created by conglomerates?

• Family members or company executives.

• Government officials.

• International investors.

• Independent third-party managers.

What was the role of the foundation in the Samsung corruption scandal?

• It provided loans to small businesses.

• It was involved in a marketing campaign.

• It facilitated a merger by buying shares.

• It was used to fund a new product line.