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.
Kazakhstan’s main oil export route has been disrupted after the Caspian Pipeline Consortium (CPC) suspended crude intake following drone attacks on ...
Azerbaijan has rejected suggestions it played any official role in reported private talks between former German politicians and Russian representative...
The United States has bombed Iran for an 11th consecutive night as the Pentagon says the war’s cost reach $37.5 billion. President Donald Trump thr...
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of July, covering the latest developments you need to know.
President Donald Trump said the United States will target Iran’s heavily fortified Pickaxe Mountain site “pretty soon” as he meets with Lebanese president Michel Aoun. Meanwhile, U.S. forces carried out a 10th consecutive night of strikes on Iran while Tehran continues to target Gulf countries.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 22nd of July, covering the latest developments you need to know.
Azerbaijan has rejected suggestions it played any official role in reported private talks between former German politicians and Russian representatives in Baku, saying the meetings were organised independently.
Canadian Foreign Minister Anita Anand has renewed calls for an immediate de-escalation and permanent ceasefire in the Middle East while she warned that the humanitarian situation had become "quite grave". Anand also raised concern over tensions in the South China Sea.
Pakistan has asked the U.S. for a $10 billion exchange stabilisation facility, according to a source briefed on the matter. If approved, the funding would bolster the country's foreign exchange reserves and provide a major boost to its cash-strapped economy.
A satirical online campaign has become one of the largest youth-led protest movements against Prime Minister Narendra Modi’s government, fuelled by anger over exam failures, unemployment and concerns about India’s education system.
The death toll from a 13 July fire at a pub in the Thai capital, Bangkok, has risen to 35, city emergency services said on Wednesday. Twenty-one people remain in hospital, with 12 in critical condition, as investigators continue to examine the cause of the blaze.
Ukraine struck two more warehouses belonging to Russian online retailer Wildberries on Wednesday, the company’s co-founder and chief executive, Tatyana Kim, said, in the latest wave of drone attacks targeting Russia’s consumer infrastructure.
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