SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group said Wednesday it will join a massive entertainment city development project in Saudi Arabia, with its affiliates taking part in various areas from construction to electronics. Under an agreement with Qiddiya Investment Company (QIC), Samsung will collaborate with Saudi officials on the development [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is visiting India to check the world’s largest smartphone maker’s businesses there, industry sources said Monday, raising speculations that the South Korean tech giant may make further investment to expand its presence in the world’s second-largest smartphone market. Lee arrived in India on [...]
SEOUL, Aug. 29 (Korea Bizwire) — Samsung Group is facing yet another headwind at home as South Korea’s top court ordered a review of a suspended sentence for its de facto leader in a bribery case Thursday, adding to the woes that the nation’s largest conglomerate is dealing with. Lee Jae-yong, vice chairman of Samsung [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s top court on Thursday ordered a lower court to reconsider its suspended jail sentence for Samsung heir Lee Jae-yong in a massive bribery scandal that led to the ouster of former President Park Geun-hye. The de facto leader of the country’s top conglomerate was initially sentenced to [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong called on the company’s display unit Monday to redouble efforts to tide over its current crisis by developing new technologies. Lee, the de facto head of South Korea’s top conglomerate Samsung Group, made the call during a visit to Samsung Display Co.’s factory [...]
SEOUL, Aug. 26 (Korea Bizwire) – The fate of Samsung Electronics Vice Chairman Lee Jae-yong is expected to hinge on the top court’s verdict due this week as he could be stripped of a suspended term over a massive corruption scandal involving disgraced ex-President Park Geun-hye, depending on how the court defines bribery. If he [...]
SEOUL, Jul. 14 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong has convened a meeting with top executives to discuss countermeasures against Japan’s export restrictions of key materials and possibilities of expanding the measures to other areas, company officials said Sunday. On Saturday, Lee met with Kim Ki-nam, head of the company’s device solution [...]
SEOUL, Jun. 11 (Korea Bizwire) — Chung Hyun-ho, president of Samsung Electronics, was questioned by prosecutors on Tuesday about his suspected involvement in alleged accounting fraud at the company’s biotech affiliates. The 59-year-old Chung, known as one of the closest aides to Samsung Electronics Vice Chairman Lee Jae-yong, arrived at the Seoul Central District Prosecutors [...]
SEOUL, Jun. 3 (Korea Bizwire) — Sometimes, in the world of business, the best defense is a good offense, and it seems like Samsung Electronics Co. Vice Chairman Lee Jae-yong wanted to share this message with a handful of key figures at the South Korean tech giant to fend off rising challenges to its business. [...]
SEOUL, Feb. 19 (Korea Bizwire) — “I’m the father of two children. That’s why I am interested in the concerns of the South Korean youth. I will strive to create new hopes and dreams for those who will always be loved,” said Lee Jae-yong, vice chairman of Samsung Electronics Co. at the 2019 business dialogue [...]