Samsung removes online cartoons mocking Jewish hedge fund founder


A Samsung subsidiary removed online cartoons that showed the Jewish founder of a hedge fund as a vulture with a large beak.

Samsung C&T removed the cartoons on Wednesday, The Associated Press reported, days after the company condemned anti-Semitism in the wake of anti-Semitic expressions in the South Korean media in reporting on the proposed merger between Samsung C&T, a construction company, and Cheil Industries.

The removal of the cartoons attacking Paul Singer, the Jewish founder of New York-based Elliott Associates, came a day before shareholders of Samsung C&T were to vote on the merger, which is opposed by Singer’s fund, the third-largest shareholder in Samsung C&T. Both companies are subsidiaries of the Samsung Group, South Korea’s largest family-controlled conglomerate. The merger is part of a consolidation effort.

Along with depicting Singer as a vulture, the cartoons show him hiding an axe behind his back while taking money from a man in ragged clothes.

The company reportedly asked AP not to publish a story before the shareholders meeting, according to the news service. The cartoons had been displayed on the company’s website for several weeks.

In reporting on the proposed merger, at least two South Korean media outlets blamed Jews for attempting to block the deal. One publication wrote that Jewish power on Wall Street “has long been known to be ruthless and merciless.” A columnist wrote that “Jews are known to wield enormous power on Wall Street and in global financial circles” and “It is a well-known fact that the U.S. government is swayed by Jewish capital.”

In a letter to the Anti-Defamation League earlier this week, both companies condemned anti-Semitism.

“We are a company that is committed to respect for individuals and enforces strict non-discrimination policies,” they wrote. “We condemn anti-Semitism in all its forms.”

Samsung subsidiaries’ CEOs slam anti-Semitism in wake of merger debate


Two CEOs in the Samsung conglomerate condemned anti-Semitism after their companies’ proposed merger spurred anti-Semitism in the South Korean media.

In a July 12 letter to the Anti-Defamation League, Joo Hwa Yoon of Cheil Industries and Chi Hun Choi of Samsung C&T unequivocally condemned anti-Semitism.

“We are a company that is committed to respect for individuals and enforces strict non-discrimination policies,” they wrote. “We condemn anti-Semitism in all its forms.”On July 17, the shareholders of Samsung C&T, a construction company, will vote on a merger with Cheil Industries. Both are subsidiaries of the Samsung Group, South Korea’s largest family-controlled conglomerate. The merger is part of a consolidation effort.

In reporting on the proposed merger, at least two South Korean media outlets blamed Jews for attempting to block the deal. One publication wrote that Jewish power on Wall Street “has long been known to be ruthless and merciless.” A columnist wrote that “Jews are known to wield enormous power on Wall Street and in global financial circles” and “It is a well-known fact that the U.S. government is swayed by Jewish capital.”

The ADL welcomed the company leaders’ condemnation.

“We are heartened that these South Korean corporate leaders are taking a clear and public stand against anti-Semitism,” Abraham Foxman, ADL’s national director, said in a statement. “This statement makes unequivocally clear that anti-Semitism has no place in South Korea and within their companies.”

Last week, the ADL called on the South Korean government to condemn the remarks.

Samsung buys Israeli Web TV startup Boxee


Samsung acquired the Israeli streaming media startup Boxee for $30 million.

The Israeli high-tech website TheMarker reported the acquisition by the Korean electronics giant on Wednesday. The report said Samsung will continue to employ Boxee’s 40 employees.

Boxee, based in Tel Aviv, offers a device that connects to televisions and allows streaming videos from the Internet and personal computers. It also offers media applications and social media connectivity.

Last month, it was reported that Boxee was seeking buyers or additional funding to the $30 million it has raised since its establishment in 2007.

+