South Korean court denies arrest warrant request for Samsung Group heir Jay Y. Lee

A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation. Prosecutors last week asked the court to issue an arrest warrant against Lee, capping a probe into a 2015 merger of two Samsung affiliates that they said… Read More South Korean court denies arrest warrant request for Samsung Group heir Jay Y. Lee

South Korean prosecutors seek arrest of Samsung Group heir Jay Y. Lee in succession probe

South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans. The move spells fresh trouble for Lee, who, if arrested, stands to return to jail just… Read More South Korean prosecutors seek arrest of Samsung Group heir Jay Y. Lee in succession probe

Samsung Electronics set to unveil new devices on February 11

Samsung Electronics said on Sunday that it will introduce new, innovative devices in San Francisco on Februry 11, with the electronics giant widely expected to unveil its new foldable phone and a new version of its flagship S model. The move comes as the world’s top smartphone maker seeks to maintain its lead in the… Read More Samsung Electronics set to unveil new devices on February 11

Samsung Galaxy Fold set to go on sale on September 6 in South Korea

Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale on Friday in South Korea, a source with direct knowledge of the matter said on Wednesday. The highly anticipated device from the world’s top smartphone maker was originally due to hit the U.S. market in April but the launch was delayed… Read More Samsung Galaxy Fold set to go on sale on September 6 in South Korea

Samsung Electronics acquires network data analysis firm Zhilabs 

​Samsung Electronics Co Ltd said on Wednesday it has bought Barcelona-based network data analysis firm Zhilabs, as the South Korean giant gears up to launch products for connected devices and 5G mobile services that require fast data crunching. Samsung did not disclose the value of the deal, which marks the first announced acquisition in new… Read More Samsung Electronics acquires network data analysis firm Zhilabs 

Samsung Group set to invest $22billion on advancing technology

Samsung Group will invest 25 trillion won (an equivalent of $22 billion) over three years in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business, Samsung Electronics said on Wednesday. The investment is part of a broader 180 trillion won package South Korea’s biggest business group is planning to spend over… Read More Samsung Group set to invest $22billion on advancing technology

Samsung opens biggest phone manufacturing facility in India

​Samsung Electronics on Monday announced the opening of what it said is the world’s biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world’s fastest growing major mobile phone market. The facility, on the outskirts of New Delhi, will allow Samsung to manufacture phones at a lower… Read More Samsung opens biggest phone manufacturing facility in India

South Korean prosecutors raid Samsung Electronics office following union sabotage allegations

South Korean prosecutors searched offices at a Samsung Electronics Co Ltd unit on Friday as part of a probe into allegations the conglomerate had sabotaged workers’ efforts to strengthen labor unions, the prosecutors’ office said. The tech giant has often come under fire from politicians and civics groups for not engaging with organized labor and… Read More South Korean prosecutors raid Samsung Electronics office following union sabotage allegations