Uncertainty heightens over Samsung as heir Lee Jae-yong sentenced to two and a half year years in prison
For the whole of 2020, Samsung Electronics forecast upbeat earnings, estimating its operating profit to reach 35.95 trillion won ($32.5 billion), up 29.4 per cent from a year earlier, with its sales to climb 2.54 per cent on-year to 236.26 trillion won. But apart from its robust earnings performance, Samsung Electronics's push to clinch M&A deals, or high-profile business deals, may face stumbling blocks, reports Yonhap.
Jan 19, 2021, 16:16 PM IST
Arrest warrant sought for Samsung heir Lee Jae-yong over accounting fraud
Samsung BioLogics has been suspected of committing a fraudulent accounting to help the Samsung heir inherit a management control over the entire group from his ailing father, Samsung Electronics Chairman Lee Kun-hee.
Jun 04, 2020, 11:10 AM IST
Samsung tips record Q4 operating profit of more than $14 bn
The booming chip unit has helped the firm overcome a bribery scandal that saw its de facto head jailed and the embarrassing Galaxy Note 7 debacle.
Jan 09, 2018, 11:45 AM IST
South Korea lifts court TV ban ahead of Park Geun-Hye sentencing
South Korea's Supreme Court on Tuesday lifted a ban on the filming of trials, opening the possibility of live TV coverage of the sentencing of disgraced president Park Geun-Hye and Samsung heir Lee Jae-Yong.
Jul 25, 2017, 16:58 PM IST
Disgraced South Korean leader's friend Choi Soon-Sil gets three years in jail
A long-time friend of South Korea's disgraced ex-president, Choi was found guilty of bribing professors to have her daughter admitted to Seoul's prestigious Ewha Woman's University and receive good grades, despite a poor attendance record.
Jun 23, 2017, 10:09 AM IST
Samsung heir accused of bribery, perjury as trial opens
The heir to the huge Samsung business empire appeared in court Friday at the start of his trial for embezzlement and perjury, part of a corruption scandal that brought down South Korea`s president.
Apr 07, 2017, 13:17 PM IST
Samsung heir denies charges at court hearing
Lee Jae-Yong, 48, was not present at Seoul Central District court for the hearing, and is being held in custody as his giant company -- the world`s biggest smartphone maker -- struggles to recover from a recall scandal.
Mar 09, 2017, 14:43 PM IST
Samsung heir Lee Jae-Yong indicted for bribery, embezzlement
Samsung heir indicted for bribery, embezzlement
Feb 28, 2017, 11:19 AM IST
Samsung scion Lee Jae-Yong summoned again over corruption scandal
Lee Jae-Yong, Samsung Electronics vice chairman and the son of the Samsung group chairman Lee Kun-Hee, has been quizzed multiple times over his role in the scandal that has rocked the nation.
Feb 13, 2017, 17:30 PM IST
Samsung chief allowed home, prosecutor vows to keep chasing
A South Korean court on Thursday denied a special prosecutor clearance to arrest the head of Samsung Group, the country`s largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye.
Jan 19, 2017, 09:25 AM IST
Samsung chief questioned behind closed doors in arrest warrant hearing
A South Korean judge questioned Samsung Group leader Jay Y. Lee behind closed doors on Wednesday to decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye.
Jan 18, 2017, 12:08 PM IST
Money and power: Samsung embroiled in South Korea scandal
Major industrial firms are so intertwined with power in South Korea that citizens joke they live in the "Republic of Samsung".
Jan 17, 2017, 13:04 PM IST
Samsung's heir Lee Jae-yong appears for questioning in bribery probe
Lee Jae-yong will be questioned as a suspect in the influence-peddling scandal.
Jan 12, 2017, 09:01 AM IST
Samsung heir Lee Jae-Yong becomes criminal suspect in South Korea scandal
Samsung heir Lee Jae-Yong has become a criminal suspect in a widening probe into the corruption and influence-peddling scandal engulfing the impeached South Korean President Park Geun-Hye.
Jan 11, 2017, 12:41 PM IST
Jay Y Lee signals more board power in nod to investors at Samsung
Jay Y. Lee, de facto head of South Korea`s sprawling Samsung Group, accelerated taking a board seat at flagship unit Samsung Electronics partly because of investor pressure to improve governance, two people familiar with the matter said.
Nov 10, 2016, 04:57 AM IST
Samsung heir apparent Lee Jae-Yong joins board
Samsung heir apparent Lee Jae-Yong took a major step towards control of the family-run conglomerate on Thursday, joining the board as the company reported a 30 percent profit dive following a highly damaging recall crisis.
Oct 27, 2016, 10:02 AM IST
