Tag: samsung

Samsung heir, 4 other execs indicted for bribery, embezzlement

SEOUL, South Korea (AFP) — The heir to the Samsung empire and four other top executives from the world’s biggest smartphone maker were indicted Tuesday on multiple charges including bribery and embezzlement, South Korean prosecutors said. “Special prosecutors today indicted Samsung Electronics vice chairman Lee Jae-Yong… for bribery, embezzlement, hiding of assets overseas… and perjury,” said Lee Kyu-Chul, spokesperson for the team probing a corruption and power abuse scandal that has seen President Park Geun-Hye […]

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Phone makers take aim at ailing Samsung with new handsets

by Daniel SILVA / Erwan LUCAS Agence France-Presse China’s Huawei, LG and other phone firms unveiled new smartphones on Sunday as they tried to capitalize on Samsung’s withdrawal of its flagship device after faulty batteries led several of the handsets to catch fire. Samsung, the world’s largest mobile phone maker, had no device of its own to show at the week-long Mobile World Congress, the phone industry’s largest annual trade fair, in Barcelona in northeastern […]

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Huawei takes aim at ailing Samsung with new smartphone

BARCELONA, Spain (AFP) — China’s Huawei unveiled a new smartphone with a better camera on Sunday as it tries to fill the void left by Samsung’s withdrawal of its flagship device due to problems with the battery. Huawei’s P10 and the larger P10 Plus, launched on the sidelines of the Mobile World Congress in Barcelona, the world’s biggest annual phone expo, feature dual Leica rear camera lenses, a longer-lasting battery and fingerprint sensor system. “The […]

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Samsung unveils Windows 10 powered 2 in 1 tablet

BARCELONA, Spain (Reuters) — Samsung Electronics launched two new tablets on Sunday (February 26), marking its first major announcement since being forced to withdraw the flagship Galaxy Note 7 smartphone after some of the devices caught fire. The Galaxy Tab S3 and the Galaxy Book were presented at the Mobile World Congress in Barcelona, in past years the scene of major Samsung launches. This year, Samsung has postponed the presentation of the Galaxy S8, its […]

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Samsung heir arrested in corruption probe

by Park Chan-Kyong Agence France Presse SEOUL, South Korea (AFP) — The heir of South Korean giant Samsung was arrested Friday as part of a probe into corruption and influence-peddling that caused President Park Geun-Hye to be impeached. “It is acknowledged that it is necessary to arrest (Lee Jae-Yong) in light of a newly added criminal charge and new evidence,” a court spokesman said in a statement. Lee Jae-Yong, Samsung Electronics vice chairman, is accused […]

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Samsung says Q4 profits up 50% despite Note7 recall

by Hwang Sunghee Agence France Presse SEOUL, South Korea (AFP) — Samsung Electronics’ profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker. The South Korean tech giant took another blow when prosecutors began investigating its involvement in a corruption scandal, which has seen the country’s president impeached, and sought the arrest of the firm’s de facto leader Lee […]

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Samsung Elec says battery caused Note 7 fires, may delay new phone launch

SEOUL, South Korea (Reuters) — Samsung Electronics indicated on Monday (January 23) that its latest flagship Galaxy S smartphone could be delayed as it pledged to enhance product safety following an investigation into the cause of fires in its premium Note 7 devices. Wrapping up its months-long probe into the cause of the Note 7 debacle, the world’s top smartphone maker said faulty batteries from two suppliers were to blame for the failure of the […]

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South Korean prosecutors undecided on further arrest warrant request for Samsung chief

SEOUL, South Korea (Reuters) — South Korea’s special prosecutor’s office said on Thursday (January 19) it had not decided whether to make another arrest warrant request for Samsung Group leader Jay Y. Lee after a court rejected its first. Earlier in the day, a South Korean court dismissed an arrest warrant against Lee, the head of the country’s largest conglomerate, amid a graft scandal that has led to the impeachment of President Park Geun-hye. The […]

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S. Korea court rejects arrest warrant for Samsung heir

by Park Chan-Kyong Agence France Presse SEOUL, South Korea (AFP) — A Seoul court on Thursday refused to issue an arrest warrant for Samsung heir Lee Jae-Yong, who had been wanted over his alleged role in a corruption scandal engulfing President Park Geun-Hye. Prosecutors’ demand for his arrest on charges of bribery, embezzlement and perjury this week sent shock waves through the Samsung group, the world’s biggest smartphone maker with revenues equivalent to a fifth […]

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Samsung chief arrives at court for hearing on arrest warrant

SEOUL, South Korea (Reuters) — Samsung Group leader Jay Y. Lee arrived at the Seoul Central District Court on Wednesday (January 18), where a judge will decide whether he should be arrested over his alleged role in a corruption scandal that has rocked South Korea. The 48-year-old Lee, wearing a dark overcoat and purple necktie, did not answer questions from reporters, who tried to stall him at one point, as he entered the court building. […]

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South Korea prosecutors seek arrest of Samsung chief

SEOUL, South Korea (Reuters) — South Korea’s special prosecutor’s office said on Monday (January 16) it was seeking a warrant to arrest the head of Samsung Group, the country’s largest conglomerate, accusing him of paying multi-million dollar bribes to a friend of President Park Geun-hye. Samsung Group chief Jay Y. Lee was questioned for 22 straight hours last week as investigators probed a corruption scandal that resulted in parliament impeaching Park last month. The special […]

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Samsung heir returns home after marathon bribery questioning

SEOUL, South Korea (AFP) — Samsung heir Lee Jae-Yong returned home Friday after marathon questioning by South Korean prosecutors as a suspect in a massive corruption scandal involving impeached President Park Geun-Hye. Lee, vice chairman of Samsung Electronics and the son of Samsung Group chairman Lee Kun-Hee, was quizzed for 22 hours over allegations of bribery. Looking exhausted, he did not respond to questions from journalists waiting outside the special prosecutor’s office before he rode […]

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