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.
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Nvidia has announced a major partnership with the South Korean government and top companies to strengthen the country’s artificial intelligence capabilities by supplying hundreds of thousands of its advanced GPUs.
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.
A 7.0 magnitude earthquake struck offshore near Taiwan’s north-eastern county of Yilan late on Saturday, shaking buildings across the island, including in the capital Taipei, authorities said.
Brigitte Bardot, the French actress whose barefoot mambo in And God Created Woman propelled her to international fame and reshaped female sexuality on screen, has died at the age of 91, her foundation said on Sunday.
Iran is engaged in a “comprehensive war” with the United States, Israel, and Europe, Iranian President Masoud Pezeshkian stated on Saturday.
Japan’s tourism sector has experienced a slowdown after China’s government advised its citizens to reconsider travel to Japan, following remarks by Prime Minister Sanae Takaichi regarding Taiwan.
Ukraine’s military has rejected Russian claims that its forces have captured the towns of Myrnohrad in the Donetsk region and Huliaipole in the Zaporizhzhia region, calling the statements false and part of a disinformation campaign aimed at foreign partners.
Roman Abramovich, the Russian billionaire and former Chelsea Football Club owner, has assembled a “top tier” legal team, including a former White House advisor, as he prepares for a legal battle in Jersey.
Chinese nuclear experts have suggested that Japan, with its advanced nuclear technology infrastructure, could potentially build nuclear weapons in less than three years.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 29th of December, covering the latest developments you need to know.
North Korean leader Kim Jong Un oversaw the launch of long-range strategic cruise missiles on Sunday, in what state media described as a test confirming the country’s nuclear deterrent and readiness to respond to security threats.
Venezuelan President Nicolás Maduro on Sunday praised the country’s armed forces as “invincible warriors” during a year-end ceremony honouring the Bolivarian National Armed Forces, held in the coastal city of La Guaira.
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