He denies any knowledge of alleged bribery payments from Samsung to entities controlled by a friend of the impeached South Korean president The billionaire was put in a 71-square-foot detention cell with a toilet in the corner when he was arrested SEOUL – A special prosecutor accused Samsung chief Jay Y. Lee of plotting to make fake documents to disguise millions of dollars in bribes. South Korea’s President Park Geun-hye colluded with her friend Choi Soon-sil to receive the bribes from Samsung Group, the prosecutor said in a statement on Monday.
Category: Semiconductors
Samsung Group to abolish all groupwide tasks
Seoul, Feb 27 – South Korean electronics giant Samsung is planning to abolish its groupwide tasks and let affiliates independently make business decisions, an official said on Monday. The plan is in line with Samsung’s move to abolish the group’s key future strategy office, which has been responsible for coordinating key affairs among affiliates, Yonhap news agency reported.
Samsung Chief Jay Y. Lee Arrested Over Alleged Role In Corruption Scandal
Samsung Group chief Jay Y. Lee was arrested early on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the world’s biggest maker of smartphones and memory chips. The 48-year-old Lee, scion of the country’s richest family, was taken into custody at the Seoul Detention Centre after waiting there overnight for the decision.
Samsung to launch web payments service for Android phones in South Korea
Tech giant Samsung Electronics Co Ltd said on Thursday it will launch a mobile web payments service for all smartphones powered by Google Inc’s Android mobile operating system in South Korea in the first quarter. The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, July 4, 2016.
BRIEF-Analog Devices’ CEO Vincent Roche’s FY 2016 total compensation $7.15 mln
JAKARTA, Jan 25 Indonesia’s Papua province, home of the giant Grasberg copper mine operated by the local unit of Freeport McMoRan Inc, said it has won a court battle in a claim against the company for 2.51 trillion rupiah in outstanding surface water taxes.
South Korea seeks arrest of Samsung scion in graft scandal
In this Dec, 6, 2016 file photo, Lee Jae-yong, a vice chairman of Samsung Electronics Co. arrives for hearing at the National Assembly in Seoul, South Korea.
South Korea prosecutors accuse Samsung chief of bribery, seek arrest
South Korea’s special prosecutor’s office said on Monday 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 Electronics vice chairman Jay Y. Lee arrives to attend a hearing at the National Assembly in Seoul, South Korea, December 6, 2016.
Samsung leader quizzed for over 22 hours in South Korea corruption scandal
A protester sweeps an effigy of Jay Y. Lee, co-vice-chairman of Samsung Electronics Co., outside Samsung’s Seocho office building in Seoul, South Korea, on Friday, Jan. 13, 2017. Prosecutors questioned Samsung vice-chairman and heir apparent Jay Y. Lee for about 22 hours in an influence-peddling probe that has reached the highest levels of government and business in South Korea.
The Latest at CES: What should brands do with shopping data?
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