Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation in a major legal ruling.
A Seoul appeals court cleared Samsung Electronics Chairman Jay Y. Lee of charges related to accounting fraud and stock manipulation. The case revolved around a 2015 merger, which prosecutors argued was intended to strengthen Lee’s control over the tech giant.
The ruling has underscored ongoing legal challenges for Lee, who is facing increasing scrutiny regarding his ability to lead Samsung Electronics—the world's leading memory chip and smartphone manufacturer, struggling with fierce competition and sluggish stock performance.
Following the decision, Lee’s lawyer commented, "It took a long time. We hope this ruling will allow defendants to focus on their work moving forward." Lee did not address reporters’ questions as he exited the courthouse.
It remains uncertain whether the prosecution will appeal the verdict to the Supreme Court.
Emergency crews restored power to many parts of Ukraine after an overnight Russian drone and missile attack on Friday struck energy facilities, plungi...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of October, covering the latest developments you need to ...
U.S. President Donald Trump reignited the trade conflict with Beijing on Friday, ending a fragile truce between the world’s two largest economies by...
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Commu...
Members of the UN Security Council on Friday voiced concern over rising tensions between the United States and Venezuela, as Russia accused Washington...
A federal jury in Marshall, Texas, ruled on Friday that Samsung Electronics must pay nearly $445.5 million in damages to patent holder Collision Communications for infringing patents linked to 4G, 5G, and Wi-Fi communication standards.
A new European Union law coming into effect on June 20 mandates smartphone makers to provide five years of software updates, energy labels, and improved repairability—setting new standards that may reshape the global smartphone industry.
Samsung says its TV business will be less affected by new U.S. tariffs, as most North American units are made in Mexico—shielded from recent trade levies. The company plans to adapt global output to navigate ongoing tariff shifts.
Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Emergency crews restored power to many parts of Ukraine after an overnight Russian drone and missile attack on Friday struck energy facilities, plunging large districts of Kyiv and other areas into darkness and cutting water supplies.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 11th of October, covering the latest developments you need to know.
U.S. President Donald Trump reignited the trade conflict with Beijing on Friday, ending a fragile truce between the world’s two largest economies by announcing a sharp rise in tariffs in retaliation for China’s decision to restrict critical mineral exports.
Members of the UN Security Council on Friday voiced concern over rising tensions between the United States and Venezuela, as Russia accused Washington of acting according to a “cowboy” doctrine of shooting first and asking questions later in its attacks on alleged drug-smuggling vessels.
Haiti's food insecurity is projected to worsen by mid-2026, with nearly 6 million people facing critical hunger levels. Gang violence and economic collapse have displaced families, disrupted agriculture, and eroded livelihoods, leaving over half the population reliant on aid.
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