Samsung Group

Samsung Group chief denies all charges as "trial of the century" begins

Seoul - Arab Today

The head of South Korea's Samsung Group, Jay Y. Lee, denies all charges against him, his lawyer said on Thursday, at the start of what the special prosecutor said could be the "trial of the century" amid a political scandal that has rocked the country. Lee has been charged with bribery, embezzlement and other offences in a corruption scandal thatRead more

South Korean prosecutors are denied Park scandal probe extension

Seoul - Arab Today

South Korean special prosecutors investigating impeached President Park Geun-hye were denied permission to extend their probe and question her in person on Monday amid a graft scandal that threatens to topple her from office. The special prosecutor's office will make its final indictments before its investigation into the scandal, which has engulfed the highest levels of politics and business inRead more

South Korean prosecutor seeks arrest warrant for Samsung chief

Seoul - Arab Today

South Korean special prosecutor's office said on Tuesday it is seeking an arrest warrant for Samsung Group [SAGR.UL] leader Jay Y. Lee as part of its investigation into a graft scandal that could topple President Park Geun-hye. The special prosecution said it would also seek an arrest warrants for Samsung Electronics Co Ltd President Park Sang-jin. It did not elaborateRead more

South Korea prosecutor to summon Samsung's Lee again

Seoul - Arab Today

South Korea's special prosecutor said it would again summon Samsung Group scion Jay Y. Lee on Monday to question him on suspicion of bribery, as it investigates a graft scandal that has engulfed the country's president. Last month, special prosecution officials questioned 48-year-old Lee for more than 22 hours straight, but a court rejected a warrant to arrest him inRead more

South Korea prosecutor weighs economic impact of arrest of Samsung chief

Seoul - ArabToday

South Korea’s special prosecutor said on Sunday it will take into account the economic impact of whether to arrest Samsung Group leader Jay Y. Lee in connection with an influence-peddling investigation involving the president. The office also delayed by one day, until Monday, its decision on whether to seek the arrest of Lee, the third-generation leader of South Korea’s largestRead more

South Korean independent counsel takes aim at Samsung, former presidential chief of staff

Seoul - ArabToday

South Korea's independent counsel team investigating a scandal involving President Park Geun-hye, is taking aim at bribery charges against Samsung Group, as well as suspected abuse of power by a former top presidential aide. The team on Monday summoned a former senior official at the country's national pension fund on charges of dereliction of duty over the merger in JulyRead more

Samsung Group, pension fund offices raided in growing S.Korea scandal

Seoul, South Korea - Arab Today

South Korean prosecutors investigating a corruption scandal surrounding the country’s president and her friend raided on Wednesday a unit of the country’s largest business group, Samsung, and the national pension fund, as public outrage grows over Samsung’s alleged link with the scandal. Officials at Samsung Group and National Pension Service confirmed investigators visited their offices in Seoul. The Investment ManagementRead more

Investors wipe off $15.7bn from Samsung market value

Seoul - Arab Today

The Samsung Group's de facto leader and heir apparent is poised to join the board of crown jewel Samsung Electronics Co. Ltd., a step toward formalizing his role as head of the conglomerate as it reels from a massive smartphone recall. The world's top smartphone maker announced on Monday that its board nominated 48-year-old Jay Y. Lee as a director.Read more

A bio-technology subsidiary of Samsung Group, South Korea's largest family-run conglomerate, has applied for initial public offering

Themuslimchronicle, themuslimchronicleA bio-technology subsidiary of Samsung Group, South Korea's largest family-run conglomerate, has applied for initial public offering198730/229

Seoul - XINHUA

A bio-technology subsidiary of Samsung Group, South Korea's largest family-run conglomerate, has applied for initial public offering (IPO) in its main bourse estimated to be valued at about 3 trillion won (2.7 billion U.S. dollars). The main bourse operator Korea Exchange was quoted by local media as saying on Friday that Samsung BioLogics applied for a preliminary approval for itsRead more