Articles about Lee Jae-yong

Samsung to invest $22 billion in AI, auto components

08 Aug 2018

Samsung to invest $22 billion in AI, auto components

Samsung Electronics and its affiliated companies plan to spend $22 billion over the next three years on artificial intelligence, auto components, and other future businesses.

Corruption scandal: Former SKorean Prez Park Guen-hye gets 24-years' jail

06 Apr 2018

Corruption scandal: Former SKorean Prez Park Guen-hye gets 24-years' jail

Former South Korean President Park Geun-hye, found guilty in a major corruption scandal that led to her downfall, has been sentenced to 24 years in prison for abuse of power and coercion.

Samsung's Jay Y. Lee freed from prison in surprise verdict

05 Feb 2018

Samsung's Jay Y. Lee freed from prison in surprise verdict

In a stunning decision, a South Korean court suspended the prison sentence of Samsung Electronics Co. Vice-Chairman Jay Y. Lee, who had been arrested in February'17 in a scandal that brought down the country's former president.

Samsung Electronics CEO Kwon Oh-hyun quits company

13 Oct 2017

Samsung Electronics CEO Kwon Oh-hyun quits company

In the latest blow to Samsung, Electronics CEO Kwon Oh-hyun has resigned from the company citing "unprecedented crisis".

Lee Jae-yong, Samsung heir, sentenced to five-year prison over corruption

25 Aug 2017

Lee Jae-yong, Samsung heir, sentenced to five-year prison over corruption

A South Korean court has found electronics giant Samsung's heir apparent Lee Jae-yong guilty of bribery and other crimes.

Corruption scandal: Lee Jae-yong, Samsung heir, might face 12-year imprisonment

07 Aug 2017

Corruption scandal: Lee Jae-yong, Samsung heir, might face 12-year imprisonment

South Korean prosecutors have recommended 12-year imprisonment billionaire Samsung heir Lee Jae-yong.

South Korea's impeached president pleads not guilty in corruption trial

23 May 2017

South Korea's impeached president pleads not guilty in corruption trial

Former South Korean President Park Geun-hye has pleaded not guilty at her corruption trial.

South Korea impeachment scandal: Samsung Electronics Chief apologizes

25 Mar 2017

South Korea impeachment scandal: Samsung Electronics Chief apologizes

At the company's annual meet in Seoul, Samsung Electronics chief executive Kwon Oh-hyun apologized for its involvement in a corruption scandal that led to Samsung Group chief Jay Y. Lee's arrest and the impeachment of the South Korean president.

Samsung's de-facto chief to be indicted in South Korea

28 Feb 2017

Samsung's de-facto chief to be indicted in South Korea

Samsung's chief Lee Jae-yong will be indicted by South Korean prosecutors on charges of bribery, embezzlement and other charges.

Samsung chief Lee's journey from $4 million mansion to jail

19 Feb 2017

Samsung chief Lee's journey from $4 million mansion to jail

Jay Y Lee who lived in a $4 million mansion in Seoul is now in "6.56 square meter (71 square foot) detention cell with a toilet in the corner behind a partition."