Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Breaking News

Samsung Pulls Cartoons Mocking Jewish Hedge Fund ‘Vulture’

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.”

A message from our editor-in-chief Jodi Rudoren

We're building on 127 years of independent journalism to help you develop deeper connections to what it means to be Jewish today.

With so much at stake for the Jewish people right now — war, rising antisemitism, a high-stakes U.S. presidential election — American Jews depend on the Forward's perspective, integrity and courage.

—  Jodi Rudoren, Editor-in-Chief 

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.