Company Monitor – Philips in South Korea
The Company Monitor analyzes the performance of Ahold, Unilever, Philips and Akzo Nobel in six countries. The surveyed companies were chosen based on three criteria: operate in different countries, in various sectors and be known to the Dutch public. For five years these companies were monitored in developing countries, noting aspects of rights and labor relations, in addition to working conditions. The central issue is to verify that in this period there was no improvement in the situation of workers.
Philips's presence in South Korea
Philips entered the South Korean market in January 1976 when it founded Philips Electronics Korea, which was wholly owned by Philips Electronics N.V. Philips Electronics Korea focused mainly on the sale of Philips products in South Korea. Until 1999, when Philips made a major investment in South Korea.