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.
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 di...
Iran said it has received overtures from regional mediators aimed at de-escalating the ongoing military standoff between Tehran and Washington....
Music icons Madonna, Shakira, BTS and Burna Boy performed during the FIFA World Cup final halftime show, bringing a Super Bowl-style spectacle to foot...
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.
Lionel Messi's Argentina face Spain in World Cup final with history on the line. Spain and Argentina meet on Sunday in the 2026 World Cup final, bringing together the reigning champions of Europe and South America.
At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
The United States launched fresh strikes against Iran after two U.S. service members were killed in Jordan. U.S. President Donald Trump paid tribute to the fallen troops as Iran warned of further escalation.
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.
Lebanese President Joseph Aoun will make his first trip to the White House this week to present a plan to U.S. President Donald Trump on how to disarm Iran-backed militant group Hezbollah and secure Israel's withdrawal from Lebanon.
Music icons Madonna, Shakira, BTS and Burna Boy performed during the FIFA World Cup final halftime show, bringing a Super Bowl-style spectacle to football's biggest stage. More than 80,000 fans at MetLife Stadium watched the landmark performance.
The Philippines and China traded accusations on Monday after their vessels clashed at the disputed Second Thomas Shoal in the South China Sea. Manila said a Philippine sailor was injured, while Beijing claimed Philippine forces started the confrontation.
Yemen's Iran-aligned Houthi movement has announced a naval blockade on Saudi Arabia, raising fears of further regional escalation and possible disruption to global energy supplies and key shipping routes.
Thailand plans to complete a 250-kilometre section of a high-speed railway linking the country with China by 2030, as Bangkok strengthens transport links and strategic ties with Beijing.
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.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment