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Samsung Expects Chip Demand to Recover in 2023 as Q3 Profits Fall, Names Lee Jae-Yong Executive Chairman
Samsung on Thursday said Q3 operating profits fell 31.39 percent year-on-year, as "demand for consumer products remained weak". The South Korean company also announced that Samsung heir and de facto leader Lee Jae-yong, who received a presidential pardon in August over a fraud conviction, would be promoted to executive chairman.
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Billionaire Samsung Boss, Convicted In Bribery Case, Gets Presidential Pardon
The heir and de facto leader of Samsung group received a presidential pardon today, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.
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Samsung Heirs To Pay Over $10 Billion, Donate Picasso In Inheritance Tax
The heirs to South Korea's Samsung group announced their plans to pay more than $10 billion in death duties Wednesday -- one of the world's biggest ever inheritance tax settlements -- including donating Picasso and Monet artworks.
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Samsung Heir Charged With Fraud Over Succession-Linked Deal
South Korean prosecutors indicted the heir to the Samsung empire Tuesday over a controversial merger of two business units seen as a key step towards his succession, in the latest legal blow to the sprawling conglomerate.
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South Korean Prosecutors Seek Arrest Warrant For Samsung Heir
South Korean prosecutors have asked for an arrest warrant for Samsung vice-chairman and heir Lee Jae-yong as part of an investigation into a controversial 2015 merger of two Samsung units, their office said Thursday.
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Samsung Heir Questioned In Succession-Related Probe
Samsung Group heir Jay Y Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that they said may have helped him advance his succession-planning agenda at the country's top conglomerate.
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"This Is My Fault": Samsung Heir Apologises Over Corruption Scandal
The heir to the Samsung empire bowed in apology Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world's largest smartphone maker.
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Samsung Heir Faces New Bribery Trial
The heir to the Samsung empire arrived at court Friday for a retrial over a sprawling corruption scandal that threatens to disrupt management at the world's biggest smartphone and memory chip maker.
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Samsung Heir Faces New Bribery Trial
Lee Jae-yong has effectively been at the helm of the sprawling Samsung group since his father and group chairman Lee Kun-hee was left bedridden by a heart attack in 2014.
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Samsung Heir in India, Likely to Meet PM Narendra Modi and Mukesh Ambani: Report
Samsung Electronics Vice Chairman Lee Jae-yong is currently in India, provoking speculation that the South Korean tech giant may make further investments to expand its presence in the country, industry sources said on Monday.
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Court Orders Retrial For Samsung Heir In Bribery Case
South Korea's top court on Thursday ordered a new trial for Samsung heir Lee Jae-yong, who was convicted of offences including bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.
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Samsung Heir Jay Y. Lee's Release Lifts Hopes for New Jobs, Investment
After a year in detention, the heir to South Korea's largest business empire walked free on Monday as an appeals court suspended his jail term.
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Samsung Heir Lee Jae-Yong Released From Prison on Appeal
Lee, vice chairman of Samsung Electronics, was convicted of bribery in connection with the sprawling corruption scandal that brought down former South Korean president Park Geun-Hye.
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Samsung's Jay Y. Lee Walks Free As South Korea Court Suspends Jail Term
A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year's detention amid a corruption scandal that brought down the former president.
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Samsung Scion Denies Corruption Charges As Legal Appeal Nears End
The heir to South Korea's Samsung Group, convicted of bribing the country's former president, on Wednesday denied allegations of wrongdoing as the appeals trial of his five-year jail term for corruption neared its end.
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Samsung Expects Chip Demand to Recover in 2023 as Q3 Profits Fall, Names Lee Jae-Yong Executive Chairman
Samsung on Thursday said Q3 operating profits fell 31.39 percent year-on-year, as "demand for consumer products remained weak". The South Korean company also announced that Samsung heir and de facto leader Lee Jae-yong, who received a presidential pardon in August over a fraud conviction, would be promoted to executive chairman.
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Billionaire Samsung Boss, Convicted In Bribery Case, Gets Presidential Pardon
The heir and de facto leader of Samsung group received a presidential pardon today, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.
-
Samsung Heirs To Pay Over $10 Billion, Donate Picasso In Inheritance Tax
The heirs to South Korea's Samsung group announced their plans to pay more than $10 billion in death duties Wednesday -- one of the world's biggest ever inheritance tax settlements -- including donating Picasso and Monet artworks.
-
Samsung Heir Charged With Fraud Over Succession-Linked Deal
South Korean prosecutors indicted the heir to the Samsung empire Tuesday over a controversial merger of two business units seen as a key step towards his succession, in the latest legal blow to the sprawling conglomerate.
-
South Korean Prosecutors Seek Arrest Warrant For Samsung Heir
South Korean prosecutors have asked for an arrest warrant for Samsung vice-chairman and heir Lee Jae-yong as part of an investigation into a controversial 2015 merger of two Samsung units, their office said Thursday.
-
Samsung Heir Questioned In Succession-Related Probe
Samsung Group heir Jay Y Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that they said may have helped him advance his succession-planning agenda at the country's top conglomerate.
-
"This Is My Fault": Samsung Heir Apologises Over Corruption Scandal
The heir to the Samsung empire bowed in apology Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world's largest smartphone maker.
-
Samsung Heir Faces New Bribery Trial
The heir to the Samsung empire arrived at court Friday for a retrial over a sprawling corruption scandal that threatens to disrupt management at the world's biggest smartphone and memory chip maker.
-
Samsung Heir Faces New Bribery Trial
Lee Jae-yong has effectively been at the helm of the sprawling Samsung group since his father and group chairman Lee Kun-hee was left bedridden by a heart attack in 2014.
-
Samsung Heir in India, Likely to Meet PM Narendra Modi and Mukesh Ambani: Report
Samsung Electronics Vice Chairman Lee Jae-yong is currently in India, provoking speculation that the South Korean tech giant may make further investments to expand its presence in the country, industry sources said on Monday.
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Court Orders Retrial For Samsung Heir In Bribery Case
South Korea's top court on Thursday ordered a new trial for Samsung heir Lee Jae-yong, who was convicted of offences including bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.
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Samsung Heir Jay Y. Lee's Release Lifts Hopes for New Jobs, Investment
After a year in detention, the heir to South Korea's largest business empire walked free on Monday as an appeals court suspended his jail term.
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Samsung Heir Lee Jae-Yong Released From Prison on Appeal
Lee, vice chairman of Samsung Electronics, was convicted of bribery in connection with the sprawling corruption scandal that brought down former South Korean president Park Geun-Hye.
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Samsung's Jay Y. Lee Walks Free As South Korea Court Suspends Jail Term
A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year's detention amid a corruption scandal that brought down the former president.
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Samsung Scion Denies Corruption Charges As Legal Appeal Nears End
The heir to South Korea's Samsung Group, convicted of bribing the country's former president, on Wednesday denied allegations of wrongdoing as the appeals trial of his five-year jail term for corruption neared its end.
