Samsung today released its earnings guidance for the Q1 2017 that ended in March 2017. According to the estimates based on K-IFRS, Samsung’s consolidated sales is around 50 trillion won while the consolidated operating profit is at around 9.9 trillion won mark. The estimate in comparison looks better year-on-year and slightly more than what Samsung […]
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Samsung ordered to pay $11.6m to Huawei
Samsung’s legal battle against Huawei in China took a new turn today as Quanzhou Intermediary Court in China today ordered three Samsung subsidiaries to pay 80 million yuan ($11.6 million) to Huawei technologies. The court rules that Samsung did infringe on Huawei’s patent and is first of the rulings in multiple lawsuits. As expected, Huawei […]
Samsung’s JY Lee will be indicted for bribery
Samsung’s JY Lee (Lee Jae-yong) will soon be indicted, according to the news report emerging from South Korea. The de-facto head will be charged for bribery that involves South Korea’s impeached President GH Park. Earlier this month, JY Lee was arrested after the prosecutors suspected him of giving or promising the president’s friend a bribe […]
Samsung Electronics Vice Chairman arrested for corruption
The Seoul Central District Court has issued a warrant against Samsung Electronics vice chairman, Lee-Jae Yong aka JY Lee in connection with the corruption probe involving South Korean President and her friend. The same court turned down the arrest warrant request last month but granted it this time as prosecutors levelled more charges on Lee […]
Samsung’s JY Lee and another executive can get arrested in South Korea
South Korean prosecution is coming hard at Samsung chief’s son, JY Lee (Lee Jae-yong). The special prosecutor’s office in South Korea grilled JY Lee for more than 15 hours for his involvement in bribing the president as well as embezzling and hiding assets overseas. The prosecution office has sought a warrant to arrest Samsung vice […]