Samsung Heir Lee Arrives Shackled at Special Prosecutors Office

South Korean police on Saturday led Jay Y. Lee, hands bound with rope, into a special prosecutors office after arresting the de facto head of the country’s largest industrial conglomerate in a corruption probe that includes allegations of bribery. Lee, vice chairman of Samsung Electronics Co., was shown on a YTN television broadcast being led into the office in Seoul around 2:20 p.m. local time after spending his first night in police custody.

Samsung Beats Estimates as Chips Shake Off Note 7 Problems

Samsung Electronics Co. posted profit that beat estimates as buoyant memory chip prices helped the world’s largest smartphone maker bounce back from the death of its fire-prone Galaxy Note 7. Operating income rose 50 percent to 9.2 trillion won in the quarter ended December, its biggest profit in three years, the Suwon, South Korea-based company said in preliminary results Friday.