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.
Iran's military has threatened to launch sustained attacks on U.S. bases and interests across the Middle East if Washington resumes milita...
Overnight Russian strikes on the city of Sumy, northeast Ukraine, have killed one woman and injured a man, the country's State Emergency Servic...
Baku is preparing to host its 10th Formula 1 race, with the city’s streets once again set to transform into one of the most demanding circuit...
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
The U.S. State Department approved a $2.7 billion military sale to Ukraine for air-defence development upgrades, along with related equipment and services, the department said. Meanwhile, Ukrainian authorities reported at least 10 people had died in Russian attacks over the last 24 hours.
The death toll from an overnight Russian attack on the Kyiv region rose to four, including three children, Kyiv regional authorities said on Sunday. A mother and her two 3-year-old children were killed when a Russian drone strike hit a private home, the emergency service said.
Iran's military has threatened to launch sustained attacks on U.S. bases and interests across the Middle East if Washington resumes military action against Tehran.
Overnight Russian strikes on the city of Sumy, northeast Ukraine, have killed one woman and injured a man, the country's State Emergency Service has said.
Russian parliamentary elections are set to deliver a comfortable win to the ruling United Russia party, which is closely aligned to President Vladimir Putin. With more than 70 per cent of ballots counted, United Russia had taken 57.5 per cent of the vote.
Baku is preparing to host its 10th Formula 1 race, with the city’s streets once again set to transform into one of the most demanding circuits on the F1 calendar.
The far-right Alternative for Germany (AfD) took first place in state elections in northeastern Germany on Sunday, voting projections showed, delivering the worst result for Chancellor Friedrich Merz's mainstream conservative party since 1949.
The Left Party won Sunday's Berlin state election with 25.5 per cent of the vote in the preliminary result, ahead of the Christian Democrats (CDU) on 19.1 per cent. This marks a major shift in the city's political landscape and a setback for Chancellor Friedrich Merz's ruling coalition.
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