Samsung Electronics is heading for its lowest profit since the global financial crisis, if not longer.
Browsing: Jay Y Lee
Samsung Group plans to raise spending by more than 30% to ₩450-trillion (about R5.7-trillion) over the next half a decade to 2026.
Samsung Electronics will merge its mobile and consumer electronics divisions and has named new co-CEOs in its biggest reshuffle since 2017.
Samsung Group will invest ₩240-trillion (R3.1-trillion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics.
Samsung Electronics heir Jay Y Lee has been sentenced to two years and six months in prison over bribery charges, a dramatic conclusion to a years-long graft trial.
Samsung Electronics is pouring $116-billion into its next-generation chip business that includes fabricating silicon for external clients, betting it can finally close the gap on industry leader TSMC.
South Korean prosecutors have indicted Samsung Group leader Jay Y Lee on charges including manipulating stock prices and breach of trust in order to cement control of the group.
The de facto leader of Samsung Group, Jay Y Lee, appeared before a Korean court on Monday, awaiting a ruling on whether new allegations will send him back to jail.
South Korean prosecutors have summoned Samsung Electronics vice chairman Jay Y Lee for questioning in an ongoing investigation into alleged accounting fraud and a controversial 2015 merger of two Samsung affiliates.
Jay Y Lee, the billionaire scion of Samsung Group, issued a personal apology for his company’s role in a scandal over succession that rocked South Korea and promised not to hand down leadership to his children.