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.
Four more survivors from the Greek ship Eternity C were rescued from the Red Sea on Thursday, following a deadly Houthi attack that left ten still mis...
British Prime Minister Keir Starmer is set to meet U.S. President Donald Trump during the latter’s anticipated trip to Scotland this month, accordin...
Nvidia CEO Jensen Huang will meet with U.S. President Donald Trump at the White House on Thursday, just before a planned trip to China, according to a...
Amid rising global tensions, top diplomats from Russia and the United States met in Malaysia to assess key international crises and explore ways to re...
The U.S. State Department will swiftly begin a major reorganization following a Supreme Court decision that cleared the way for widespread federal age...
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.
Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
amsung Electronics announced on Tuesday that co-CEO Han Jong-hee had passed away due to a heart attack, leaving newly appointed CEO Jun Young-hyun in sole charge of the company. Han, 63, had led Samsung since 2022 and was responsible for its consumer electronics and mobile devices division.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
Beijing has urged the European Union to tone down its criticism and adopt “less protectionist” policies, after European Commission President Ursula von der Leyen accused China of flooding global markets and enabling Russia’s war economy.
Russian-origin aluminium made up 66 % of available London Metal Exchange inventories in June, down three points from May, while Indian metal climbed to 34 %, the exchange’s latest data show.
Ireland’s Data Protection Commission has launched a fresh investigation into TikTok after the platform revealed that some European users’ data had briefly been stored on Chinese servers, contradicting earlier assurances.
Four more survivors from the Greek ship Eternity C were rescued from the Red Sea on Thursday, following a deadly Houthi attack that left ten still missing.
British Prime Minister Keir Starmer is set to meet U.S. President Donald Trump during the latter’s anticipated trip to Scotland this month, according to a source familiar with the plans.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment