Samsung

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Samsung chief Lee Jae-yong is acquitted of financial crimes related to 2015 merger

2:43am February 05, 2024

by The Associated Press

The ruling could ease the legal troubles for the Samsung heir less than two years after he was pardoned of bribing a former president in a scandal that toppled a previous South Korean government.

Overall, prices of major appliances tracked by the consumer price index are starting to tick down month-to-month. But they are still higher than they were last year. Washing machines, dryers and other appliances are seen for sale at a Lowe's home improvem

Tariffs' Complex Ripple Effects Hit Appliance Shoppers And Makers

11:22am April 09, 2019

by Alina Selyukh

Prices on appliances are slowly ticking down after posting their biggest increase in about five years. One tariff was a boon to U.S. manufacturers. But other tariffs hiked costs for the industry.

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Lee Myung-bak was sentenced Friday to 15 years in prison. He had been convicted of embezzlement and taking $5.4 million in bribes from Samsung.

World News

Former South Korean President Sentenced To 15 Years In Prison On Corruption Charges

6:24pm October 05, 2018

by Shannon Van Sant

Lee Myung-bak, who served as president from 2008 until 2013, had been convicted of embezzlement and of taking $5.4 million in bribes from Samsung.

Consumer Reports says its testing found that Roku devices have security flaws that make them vulnerable to hackers.

'Consumer Reports' Says Roku, Samsung Smart TVs Have Security Vulnerabilities

4:50pm February 07, 2018

by Merrit Kennedy

"We found that a relatively unsophisticated hacker could change channels, play offensive content, or crank up the volume," the consumer watchdog says.

Lee Jae-yong, vice chairman of Samsung Electronics, gets into a car leaving a detention center in Uiwang, South Korea, on Monday.

World News

Samsung's Lee Jae-Yong Walks Free After Court Reduces Bribery Sentence

3:16pm February 05, 2018

by Scott Neuman

The scandal, in which Lee was sentenced to five years in jail only last August, brought down the government of President Park Geun-hye.

Supporters of South Korea's ousted president, Park Geun-hye, wave national flags during a rally demanding the release of Samsung heir Lee Jae-yong outside the Seoul Central District Court on Friday. Lee's corruption trial was linked to the scandal that br

World News

Will Samsung Case Mark A Turning Point For South Korean Business Ties To Government?

4:35pm August 25, 2017

by Elise Hu

After Lee Jae-yong's conviction for bribery, "I hope this is a starting point to cutting off businesses' close relationship to the government," said South Korean President Moon Jae-in's spokesman.

Samsung Group heir Lee Jae-yong arrives at Seoul Central District Court on Friday.

World News

What A Tech Leader's Corruption Conviction Means For Samsung And South Korea

9:51am August 25, 2017

by Elise Hu

A South Korean court has sentenced the billionaire head of Samsung Group to five years in prison. He was found guilty in a corruption case involving the country's former president.

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Ousted President Park Geun-hye arrives at the Seoul Central District Prosecutors Office last month for questioning.

World News

Trial Of Ousted South Korean Leader Begins As Voters Mull Her Replacement

2:28pm May 02, 2017

by Colin Dwyer

Park Geun-hye's lawyers denied the slew of corruption charges against her, which could put her away for life. Meanwhile, a generational divide could determine the impeached president's successor.

Ousted South Korean President Park Geun-hye arrives at the Seoul Central District Court for a hearing in late March. Arrested shortly after that hearing, Park has now been formally indicted on corruption charges.

World News

Ousted South Korean President Park Geun-hye Is Formally Indicted

10:49am April 17, 2017

by Colin Dwyer

Park, who was impeached and removed from power, faces charges that range from bribery to the leaking of state secrets. The bribery charge alone carries a possible life sentence in prison.

Lee Jae-yong, acting head of Samsung, was indicted on bribery and embezzlement charges on Tuesday.

World News

Samsung Chief Charged With Bribery And Embezzlement

2:25pm February 28, 2017

by Rebecca Hersher

South Korean authorities charged the acting head of Samsung and four other executives at the company in connection with a corruption scandal that led to the impeachment of the country's president.