Business Ethics and Professions: Analyzing The Samyang Case from South Korea

Richard T. DeGeorge defines business ethics as, "the systematic study of moral standards and how these apply to the social systems and organizations through which modern societies produce and distribute goods and services." This definition highlights the crucial role ethics plays in the functioning of businesses, focusing on the moral principles that guide decision-making and behavior in corporate environments. Business ethics is not just about following legal requirements; it's about how organizations can ethically contribute to society while ensuring fairness, transparency, and accountability in their practices.