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 […]
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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 […]
Samsung ends 2016 on a high with better profitability in Q4
Samsung today released their Q4 2016 results and it looks pretty for the Korean conglomerate despite being a difficult year. The quarter that ended on December 31, 2016 recorded a revenue of 53.33 trillion won and recorded an operating profit for the quarter at 9.22 trillion won. For the whole year, Samsung posted a revenue […]