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.
An F-35 fighter jet went down near Naval Air Station Lemoore in central California, the U.S. Navy confirmed on Wednesday....
President Donald Trump announced on 30 July, 2025, that the United States and South Korea have reached a "full and complete trade deal" that establish...
The U.S. and Pakistan have reached an agreement that includes reduced tariffs for Pakistan and a partnership in which the U.S. will assist in developi...
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investme...
Canada plans to recognize the State of Palestine at the UN General Assembly in September, Prime Minister Mark Carney announced Wednesday, joining Fran...
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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
An F-35 fighter jet went down near Naval Air Station Lemoore in central California, the U.S. Navy confirmed on Wednesday.
President Donald Trump announced on 30 July, 2025, that the United States and South Korea have reached a "full and complete trade deal" that establishes a 15% tariff on South Korean exports while securing $450 billion in combined investments and energy purchases from Seoul.
The U.S. and Pakistan have reached an agreement that includes reduced tariffs for Pakistan and a partnership in which the U.S. will assist in developing the country’s oil reserves, officials from both sides announced.
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investment in the U.S., President Donald Trump has announced.
Canada plans to recognize the State of Palestine at the UN General Assembly in September, Prime Minister Mark Carney announced Wednesday, joining France and the UK in ramping up pressure on Israel.
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