South Korean prosecutors indict Samsung Group heir Jay Y. Lee on 2015 merger fraud allegations

South Korean prosecutors indicted the Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s most valuable companies. Lee, who has already served jail time in connection with a separate case, and… Read More South Korean prosecutors indict Samsung Group heir Jay Y. Lee on 2015 merger fraud allegations

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 unveils foldable phone, 5G Galaxy S20 smartphones

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact and put 5G mobile network capabilities into all of its other flagship devices as it strives to retain the mantle of biggest global phone company. Samsung’s second attempt at a folding phone after a delayed rollout last year comes as the… Read More Samsung unveils foldable phone, 5G Galaxy S20 smartphones

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

South Korea issues arrest warrant for two Samsung Electronics officials over accounting fraud

A South Korean court said on Saturday it had approved warrants to arrest two senior officials at Samsung Electronics in relation to an alleged accounting fraud at the tech giant’s biopharma affiliate. The Seoul Central District Court said in a statement it had granted warrants to arrest the officials suspected of destroying evidence in the… Read More South Korea issues arrest warrant for two Samsung Electronics officials over accounting fraud

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