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.
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.
Samsung vows a comeback with bold M&A plans as shareholder pressure mounts. Admitting missteps in AI and chip tech, executives pledge a turnaround by 2025. With a $7.2B buyback and a push for acquisitions, the tech giant aims to reclaim its lost edge.
Samsung Electronics, the global leader in memory chips, smartphones, and televisions, has released its fourth-quarter operating profit estimate, revealing a significant shortfall compared to analyst expectations. The South Korean tech giant reported an estimated operating profit of 6.5 trillion won.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 22nd, covering the latest developments you need to know.
From the Vatican’s tolling bells to the Eiffel Tower going dark and candlelit vigils in Nairobi, cities on every continent paused this week to mourn Pope Francis, turning plazas, cathedrals and national monuments into a single, global memorial.
Ukraine and Russia have signaled a renewed willingness to pursue peace, as Kyiv prepares for high-level talks in London and Moscow voices support for diplomatic solutions to the ongoing conflict.
Early voting has begun in Australia ahead of the May 3 federal election, with Prime Minister Anthony Albanese’s center-left Labor Party maintaining a narrow lead over the conservative opposition coalition led by Peter Dutton.
Cardinals are set to convene on Tuesday to begin preparations for Pope Francis' funeral, following his sudden death on Monday, and to initiate the transition toward electing the next leader of the Roman Catholic Church.
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