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 and Oman have held the first meeting of a new joint committee to discuss the future management of the strategically important Strait of Hormuz, a...
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U....
The family of a 17-year-old Thai girl say they have been left devastated after an Australian man was charged over her death in Pattaya....
Azerbaijan has criticised Israel’s recent decision to recognise the 1915 events involving Armenians as genocide, warning against politicising histor...
One person was killed and another seriously injured on Sunday in a shooting at a popular entertainment spot in San Jose, California, that has been hos...
South Korean workers manufacturing chips for Samsung Electronics are set to vote on a pay deal that could see some of them receive $416,000 in bonuses.
Samsung Electronics and its labour union commenced high-stakes talks on Monday (18 May) in a last-ditch bid to avert what would be the biggest strike in the tech giant's history.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
The first week of 2026 is packed with excitement for tech enthusiasts, as CES 2026 kicks off in Las Vegas. This year, major brands are unveiling groundbreaking products, from futuristic TVs and AI-powered gadgets to next-gen chips and innovative gaming tech.
A tanker reported being struck by a projectile in the Strait of Hormuz on Saturday, Britain's maritime security agency said, after the United States and Iran each launched strikes in the worst escalation since they signed their interim peace deal.
Fourteen people were killed on Sunday after a helicopter belonging to Saudi oil giant Aramco crashed in Ras Tanura, according to Saudi state media.
Eleven people were killed when a small plane carrying skydivers crashed near Nancy in eastern France on Sunday, local officials said.
Rescue teams raced on Sunday to find more survivors of the two powerful earthquakes that struck Venezuela this week, with signs of life bringing occasional relief to a grim quest to whittle down a list of tens of thousands missing.
The United States and Iran have agreed to halt strikes against each other, in a potential breakthrough after weeks of escalating tensions. The two sides are expected to meet in Doha on Tuesday to address their dispute over the Strait of Hormuz.
The family of a 17-year-old Thai girl say they have been left devastated after an Australian man was charged over her death in Pattaya.
One person was killed and another seriously injured on Sunday in a shooting at a popular entertainment spot in San Jose, California, that has been hosting a World Cup "fan zone" screening matches, police said.
Australia will introduce new laws in parliament on Monday to strengthen its under-16 social media ban and give its internet regulator more power to pursue tech giants in court for non-compliance.
North Korea has sharply condemned joint U.S.-Japan military drills, warning of consequences as tensions rise in the Asia-Pacific. The criticism comes amid ongoing missile tests and intensified regional security coordination.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 29 June, covering the latest developments you need to know.
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