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Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks ...
Samsung, as widely reported in the Korean press, is alleged to have funneled a substantial amount of money to Lee through said U.S. law firm, Akin Gump, with the aid and involvement of one or more of its overseas U.S. subsidiaries. Under U.S. law, that would constitute a bribery of a foreign official by U.S. persons, natural or juridical, if true.
SEOUL (Reuters) -Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four ...
The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has hit an all-time high this year after climbing in 11 of the last 12 ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
This pension fund has 136 trillion won or US$127 billion invested in the Korean stock market. [5] By May 7, 2018, Samsung Securities stated that it would file criminal lawsuits against employees who sold their shares during the fat finger incident. [3] On May 28, 2018, government prosecutors raided the Samsung offices. [10] [needs update]
In 1992, the company was incorporated into the Samsung Group and was rebranded to Samsung Securities. [1] [3] In 1996, the company attempted to set up a joint venture with J.P. Morgan & Co. to sell mutual funds in Korea but by 1997, the venture failed. [4] In 1998, the company was the first to sell mutual funds in Korea. [1]
Samsung Electronics became the largest shareholder of South Korea's Rainbow Robotics, the robotics company said in a regulatory filing on Tuesday. Samsung, which had previously invested in the ...
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