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Lee Jae-Yong

Samsung to sell off refurbished Galaxy Note 7s: reports

SEOUL: The world's biggest smartphone maker Samsung will next week start reselling refurbished Galaxy Note 7 devices after a humiliating recall over exploding batteries last year, news reports said on Tuesday. Samsung Electronics declined to comment on the reports. The recall debacle cost the Korean giant billions of dollars in lost profits and hammered its global credibility. Around three million Galaxy Note 7 devices were returned to the firm, but campaign groups including Greenpeace expressed concern that…

Samsung heir indicted for bribery, embezzlement

SEOUL: The heir to the Samsung empire and four other top executives were indicted Tuesday on multiple charges including bribery and embezzlement, South Korean prosecutors said in the latest blow to the world's biggest smartphone maker. The presentation of formal charges against Lee Jae-Yong and his colleagues makes them almost certain to face trial, casting new uncertainty over South Korea's biggest business group as it seeks to recover from a humiliating recall. As well as charges of bribery, embezzlement and hiding…

South Korea court mulls fresh bid to arrest Samsung heir

SEOUL: The scion of South Korean giant Samsung appeared in court Thursday as judges deliberate a second attempt by prosecutors to arrest him over a corruption scandal embroiling impeached President Park Geun-Hye. Lee Jae-Yong, Samsung Electronics vice chairman, is accused of paying nearly $40 million in bribes to Park's secret confidante to secure policy favours. The 48-year-old appeared grim-faced as he entered the Seoul courthouse Thursday without answering questions from hordes of reporters as protestors chanted "Arrest…

Samsung heir to be quizzed again over corruption scandal

SEOUL: South Korean prosecutors said on Sunday they would question the Samsung heir again as part of a probe into a  corruption and influence-peddling scandal that caused President Park Geun-Hye to be impeached.  Lee Jae-Yong, Samsung Electronics vice chairman and the son of the Samsung group boss Lee Kun-Hee, has been quizzed several times over his alleged role in the scandal that has rocked the nation. The 48-year-old will be summoned again Monday morning, said a spokesman for the special team of prosecutors probing…