Samsung Group chief, Jay Y. Lee arrives at the office of the independent counsel team in Seoul, South Korea, February 19, 2017. South Korea’s President Park Geun-hye colluded with her friend Choi Soon-sil to receive bribes from Samsung Group, which was aimed to cement Samsung Chief Jay Y. Lee’s control of the company, a special prosecutor said in a statement on Monday.
Category: Seoul, South Korea
Samsung de-facto leader formally charged with bribery – CNET
Jay Y. Lee, vice chairman of Samsung, arrives at the Seoul Central District Court on January 18. This week, he was formally charged in connection to the political scandal in the country. South Korea’s case against Samsung’s de facto leader just got more serious, threatening the company’s succession plan.
Smokers say graphic warnings on cigaret…
Sung Jong-tae, 35, a heavy smoker for the past 15 years, has tried almost everything there is to quit smoking, but his efforts have been in vain. “I am well aware, more than anybody else, of the detrimental effects of smoking, having a 3-year-old daughter at home.
Google Campus Seoul pledges tailored support for startups
Google Campus Seoul, a co-working space for startups operated by the US internet technology giant, on Tuesday pledged to offer more tailored support to South Korean startups to help their growth and global expansion in 2017. “This year, we want to offer more tailored programs to encourage new growth, global expansion and diversity among Korean startups,” said Jeffrey Lim, head of Google Campus Seoul.
[Herald Interview] K bank will offer best rates among first-tier lenders: Ceo
South Korea’s first internet-only banking firm K bank will seek to offer the best interest rates for both deposits and loans among first-tier commercial lenders in the country, leveraging its advantage of zero costs in running brick-and-mortar branches, its CEO said. At its headquarters in Gwanghwamun in central Seoul, K bank’s some 200 employees are busy making sure all its financial transaction systems and the user interface of K bank’s smartphone app does not have any glitches, prior to the official launch of its services in early or mid-March.
Korea opens VR, AR complex in Seoul
South Korea’s science ministry opened a new complex in western Seoul on Friday to nurture the virtual reality and augmented reality industry as the country aims to become a global powerhouse in the sectors. The so-called “KoVAC” is located at Digital Media City, a high-tech complex in western Seoul, to accommodate various VR and AR companies, the Ministry of Science, ICT and Future Planning said.
Samsung Electronics may build a U.S. manufacturing base for appliances: source
A flag bearing the logo of Samsung Electronics is pictured at its headquarters in Seoul, South Korea, November 29, 2016. Samsung Electronics Co Ltd may build a manufacturing base in the United States for its home appliances business, a person familiar with the matter told Reuters on Thursday, amid growing concerns about protectionist policies pursued by the new Trump administration.
South Korea Prosecutor Seeks Arrest of Samsung’s Jay Y. Lee
Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family groomed for decades to take over the company from his father. Samsung Electronics Co.
Designer insists massive Method-2 robot is real
DECEMBER 27: Testing South Korea’s manned walking robot “Method-2” projects by Korea Future Technology on December 27, 2016 in Gunpo, South Korea. Seoul-based robotics company Korea Future Technology has built a robot named Method-2, which can be controlled by a human pilot by using arm gestures.
N. Korea’s leader hints of long-range missile test launch
South Koreans watch a TV news program showing North Korean leader Kim Jong Un’s New Year’s speech, at the Seoul Railway Station in Seoul, South Korea, Sunday, Jan. 1, 2017. North Korea’s development of banned long-range missiles is in “final stages,” the country’s leader Kim was quoted as saying in his New Year’s message.
MEEK: Appliances gone wild and the shape of the year to come
A visitor tries out a Samsung Electronics Galaxy S7 Edge smartphone at its shop in Seoul, South Korea. Samsung Electronics predicts the discontinuation of the Galaxy Note 7 will cost about $3 billion.
Avatar-Style Manned Robot Takes First Steps In South Korea
An anonymous reader quotes a report from ValueWalk: A robot designed by a veteran of science fiction blockbusters which bear a striking resemblance to the military robots seen in the movie Avatar has taken its first baby steps . The robot standing in a room on the outskirts of Seoul, South Korea stands four meters tall and weighs 1.5 tons.