Samsung spent $13.6bn on taxes globally in 2017
Seoul, June 18 : South Korean tech giant Samsung Electronics spent $13.6 billion (15 trillion won) to pay taxes around the globe in 2017 -- a 70 per cent increase from a year earlier, the company's business report showed on Monday.
The record-breaking amount posted last year nearly doubled from 7.8 trillion won posted in 2015, Yonhap news agency reported.
Samsung Electronics said the South Korean government accounted for 81 per cent of the amount posted last year, with other Asian countries accounting for 10 per cent.
The tech giant posted 239.6 trillion won in sales in 2017, up 18.6 per cent on-year. Its operating profit shot up 83.6 per cent over the cited period to 53.6 trillion won.
South Korea took up 13 per cent of the sales posted in 2017, followed by North and South America with 34 per cent.
Europe and the Commonwealth of Independent States accounted for 19 per cent and China held 16 per cent.
Industry watchers said while Samsung Electronics had most of its sales overseas, it is still paying most of its taxes in South Korea as it is headquartered here.
The company spent 385.6 billion won for charity projects around the world in 2017, providing support to some five million beneficiaries, the report added.
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JPMorgan executive sued in New York over alleged sexual abuse, harassment by former colleague
New York: A senior executive at JPMorgan Chase has been sued by a former colleague in New York, with allegations of prolonged sexual abuse, racial harassment and workplace intimidation.
The civil suit was filed before the New York County Supreme Court, as reported by The Observer Post. It names Lorna Hajdini, an executive director at the bank, as the defendant. The complainant, identified as “John Doe,” is described as an Asian banker who worked in the leveraged finance division.
The complaint alleges that the misconduct began after the two started working together in early 2024. It states that the defendant allegedly used her senior position to pressure him into unwanted sexual encounters and threatened his career progression if he refused.
The lawsuit further alleges multiple incidents of coercion and claims that the harassment escalated into sexual assault, despite repeated objections.
It also includes allegations of racial harassment, stating that derogatory remarks were made about the complainant’s ethnicity and personal life. The complaint further alleges that the defendant admitted to drugging him on certain occasions and accessed his bank account without authorisation.
Two witnesses have been cited in the filing as corroborating parts of the complainant’s account, including hearing his protests during alleged incidents.
The complainant has stated that he reported the alleged misconduct internally in May 2025. He further alleges retaliation, including loss of system access, reprimands, and being placed on involuntary leave. He also claims he received threatening calls referencing his ethnicity and immigration status.
His counsel, Daniel J. Kaiser, said the complainant has suffered emotional trauma and professional setbacks, including a diagnosis of post-traumatic stress disorder.
Responding to the allegations, JPMorgan Chase denied any wrongdoing, stating that an internal investigation found no evidence to support the claims. The bank said that while several employees cooperated with the inquiry, the complainant did not participate in the process or provide supporting details.
