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South Korea - Jewish Organizations Call On Samsung To Denounce Accusations Of Jewish Cabal Blocking Deal

Published on: July 12, 2015 04:32 PM
By: Jerusalem Post 
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People look at Samsung Galaxy S6 phones during a pre-launch event . REUTERS/EDGAR SUPeople look at Samsung Galaxy S6 phones during a pre-launch event . REUTERS/EDGAR SU

South Korea - Jewish organizations over the weekend denounced what they say are anti-Semitic statements in the South Korean media blaming Jews for attempts to block a corporate merger between two subsidiaries of the Samsung conglomerate.

The Anti-Defamation League and the Simon Wiesenthal Center have called upon the Asian country’s government and on Samsung to repudiate the claims, which have appeared in a number of business publications supportive of the deal.

The target of the opprobrium is Paul Singer, the Jewish head of the Elliot Associates hedge fund, which owns a seven percent stake in Samsung C&T, which seeks to merge with Chiel Industries.

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According to South Korean financial publication MoneyToday, “Elliott is led by a Jew, Paul E. Singer, and ISS [an advisory firm that analyzed the merger] is an affiliate of Morgan Stanley Capital International (MSCI), whose key shareholders are Jewish. According to a source in the finance industry, Jews have a robust network demonstrating influence in a number of domains.”

Meanwhile, Mediapen, another local publication, asserted that Jews are known to wield enormous power on Wall Street and in global financial circles” and that it is a “well-known fact that the US government is swayed by Jewish capital.”

Jewish money, it reported, “has long been known to be ruthless and merciless.”

In an accompanying photo, Singer was referred to as the “greedy, ruthless head of a notorious hedge fund.”

“Anti-Semitic stereotypes about Jews and money have a long and dark history, sowing distrust and other negative feelings towards Jews,” ADL National Director Abraham Foxman said in a statement calling upon the government to condemn the stories.

“These malicious myths are among some of the most widely held stereotypes about Jews, and are far from harmless.”

Fifty three percent of Koreans harbor anti-Semitic attitudes according to a global survey of anti-Semitic attitudes conducted by the ADL last year which measured agreement with eleven statements widely considered to be indicators of bigotry.

Fifty seven percent of respondents agreed and concurred that Jews have too much power in international financial markets.

“Sadly, this controversy reflects the attitudes in our polling results. Anti-Semitism is a concern in South Korea and the government needs to publicly condemn these ugly expressions and educate people as to why these stereotypes are dangerous and false,” Foxman said.

However, not everyone agrees that the survey’s results are necessarily reflective of an anti-Jewish antipathy. Copies of the Talmud are popular reading in Korea, where some parents are looking to emulate Jewish successes.

According to one Rabbi living in Korea who was recently interviewed by the Wall Street Journal, perceptions of Jews that may be considered negative in the West may been seen in a different light in the East.

The Simon Wiesenthal Center issued a strongly worded statement calling on Samsung to distance itself from its supporters’ comments.

“To be clear, as a human rights organization, we have no involvement in or opinion about the proposed merger. That is to be decided by the companies and stockholders of Samsung C&T and Chiel Industries. However, there should be no place for anti-Semitism in any discussion involving this matter,” said Rabbi Abraham Cooper, the organization’s associate dean.

“We know all too well that the use of such historic anti-Semitic canards fans the flames of hatred throughout history, often leading to the denigration, violence and even genocide against the Jewish people. We urge the leadership of all sides debating the proposed merger to publicly denounce those who have chosen to poison the debate by deploying of history’s oldest hate to influence the Korean public on this issue.”‎



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Read Comments (7)  —  Post Yours »

1

 Jul 12, 2015 at 05:36 PM Anonymous Says:

While the anti semitism here is clear, what also crystal clear is the sheer jealousy that is the basis for this causeless hatred. We are indeed G-d's chosen people and the rest of the world knows it.

2

 Jul 12, 2015 at 05:40 PM Anonymous Says:

Coming from a culture that eats dogs and live octopus, these people who the USA saved from North Korea should shut up. In fact it's time for USA companies start to manufacture TVS and computers so we won't have to buy from these antiSemites any more.

3

 Jul 12, 2015 at 06:10 PM Anonymous Says:

After sixty two years, it is time for the USA to withdraw all of its troops from South Korea, and let them fight their own battles. The American taxpayers should not have to subsidize the South Koreans, any longer. Many of the younger generation there, could care less of the blood and sacrifices that the American GI's made on behalf of the defense of their country. Regarding Samsung, they are completely useless and worthless, vis-à-vis customer service, pertaining to their products.

4

 Jul 12, 2015 at 06:35 PM DanielBarbaz Says:

Reply to #2  
Anonymous Says:

Coming from a culture that eats dogs and live octopus, these people who the USA saved from North Korea should shut up. In fact it's time for USA companies start to manufacture TVS and computers so we won't have to buy from these antiSemites any more.

Guess what??
We don't HAVE TO buy anything from South Korea. There are options. Don't be a lemming. Use your power of choice.

5

 Jul 13, 2015 at 12:30 AM hashomer Says:

BOYCOTT SAMSUNG NOW

6

 Jul 13, 2015 at 03:38 AM Anonymous Says:

Reply to #2  
Anonymous Says:

Coming from a culture that eats dogs and live octopus, these people who the USA saved from North Korea should shut up. In fact it's time for USA companies start to manufacture TVS and computers so we won't have to buy from these antiSemites any more.

Then you should be opposed to international trade agreements like the U.S. - Korea Free Trade Agreement and the TPP. These alleged "free trade" agreements give tax benefits for US companies to move their operations to countries like Korea and Malaysia (another hotbed of antisemitism). These agreements benefit large multinationals like Samsung at the expense of American workers.

7

 Jul 13, 2015 at 08:29 AM Anonymous Says:

Some Mexican immigrants commit murder. Some Jews try to control with money. Singer also try to control the New York state legislature to pass the homosexual marriage bill. Sadly, those who don't like Jews identify people as Jewish more than some Jewish people want to define themselves by their Jewish identity.

8

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