Search Results for: Samsung
Samsung’s billionaire heir Lee Jae-yong jailed for corruption
August 25th, 2017
A court in South Korea has sentenced Samsung’s billionaire heir-apparent Lee Jae-yong to five years in prison for corruption. Mr Lee was accused of bribery in a scandal that also saw the impeachment of South Korea’s former president. The ...
Samsung Electronics reports record second-quarter operating profit, up 73%
July 27th, 2017
Samsung Electronic’s Q2 operating profit was 14.1 trillion won, topping Q1 as highest-ever The company is on track to book a record annual profit on chip boom Overall earnings in Q3 may decline slightly compared to Q2, Samsung said ...
Samsung SDS joins blockchain consortium for shipping industry
May 31st, 2017
Samsung SDS is accelerating its blockchain drive by strengthening alliances both domestically and abroad. The system integrations service company said Wednesday it has launched a blockchain consortium for shipping and logistics. Public organizations and private enterprises have joined the ...
Samsung’s facial recognition not ready for mobile payments
April 25th, 2017
Samsung Electronics’ facial recognition technology requires more than four years to be solely used for mobile payment, a source from Samsung and industry watchers predicted on Monday. Facial recognition is considered the next-generation biometric technology as it is more ...
China court orders Samsung to pay $11.6 million to Huawei over patent case: local media
April 6th, 2017
A Chinese court has ordered Samsung Electronics‘s mainland subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies for patent infringement, the China firm’s first victory against Samsung on its legal challenges over intellectual property. Three units ...
Emirates NBD partners with Samsung to provide early access to Samsung Pay for select customers
April 4th, 2017
Emirates NBD, a leading bank in the region, today announced its partnership with Samsung to provide early access to Samsung Pay, for the bank’s customers. Samsung Pay is a secure, fast and convenient mobile payment service that can be ...
Two Samsung execs stand down amid a corruption scandal that led to boss Jay Y. Lee’s arrest
February 24th, 2017
Two senior Samsung executives have offered to resign, taking responsibility for the mobile phone giant’s involvement in a scandal involving South Korean President Park Geun-hye. According to a report by Yonhap news agency, Vice Chairman Choi Gee-sung and President ...
Samsung head arrested for corruption scandal involving South Korea president
February 20th, 2017
Samsung‘s would be head Lee Jae-yong (Jay Y Lee) was arrested in Seoul on Friday on charges of bribery and undue influence in connection with a scandal involving South Korea President Park Geun-hye. In approving the warrant ...
Apple, Samsung, Google Race For Mobile Payments
February 16th, 2017
Mobile payments are growing significantly around the world, but that doesn’t mean there is a clear winning payments provider. Much like making purchases on the Web naturally evolved to making purchases via mobile websites, the behavior of paying for ...
South Korea prosecutor seeks arrest of Samsung boss
January 16th, 2017
Prosecutors are seeking a warrant to arrest Samsung Group’s Jay Y. Lee for allegations including bribery and embezzlement, a stunning turn for the scion of South Korea’s richest family groomed for decades to take over the company from his ...
