Samsung on Wednesday unveiled its first folding handset as part of an effort to rev up demand in the slumping smartphone sector. The South Korean giant’s Galaxy Fold, unveiled at a San Francisco event, services as a smartphone with a 4.6-inch display and unfolds to become a tablet of 7.3 inches. “We are giving you […]
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Park Geun-hye, who was in 2016 impeached as South Korean president, has been sentenced to 24 years in jail with a fine of ₩18 billion ($17 million). A court found Park guilty of bribery in a scandal that exposed webs of corruption between political leaders and the country’s conglomerates. The court ruled that Park colluded […]
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Samsung Electronics Co Ltd on Thursday announced a new chief financial officer (CFO) to be in charge of one of Asia’s biggest corporate cash piles. It said it would create a body within the firm to coordinate with tech affiliates. The announcement follows the appointment of a new generation of top managers this week. The […]
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Former South Korean President Park Geun-hye was arrested and jailed Friday in connection to the corruption investigation that led to her ouster earlier this month, authorities said. Park was taken into custody at her home and taken to a detention centre — a scene that was covered on live South Korean television. Officials said the disgraced […]
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South Korea’s President Park Geun-hye has finally lost the battle to stay in office as the Constitutional Court today upheld her impeachment by the parliament. She was indicted over a graft scandal involving big business, including Samsung, that has gripped the country for months. Park, the first woman to be elected president also becomes South […]
Continue ReadingSamsung Electronics has confirmed it is considering dividing the company into two separate firms. The company has been under pressure from some investors to break itself into a holding unit and an operating company to boost shareholder value. The South Korean technology giant also announced plans to increase dividends and said it would continue to […]
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