The Seoul High Court in South Korea sentenced Samsung vice chairman Jay Y. Lee to 2 1/2 years in prison after finding him guilty of embezzlement and bribery. CNNтАЩs Paula Hancocks reports.
Jay Y Lee has been found guilty of bribery and embezzlement in connection with the corruption scandal that brought down the former president, Park Geun-Hye, who was jailed in 2017.
Credit: Al Jazeera STUDIO Duration: 02:00Published
At six in the morning, Heo Kwang-eum tees off another day in Thailand in hotel quarantine - literally. He's one of dozens of South Korean visitors spending two weeks in isolation playing golf at a resort an hour north of Bangkok. Megan Revell reports.
New video obtained by a South Korean broadcaster offers a glimpse of a daring defection by a North Korean man who last week swam, crawled through a tunnel, and wandered around the heavily guarded border zone for hours before being noticed.
Equity benchmark indices drifted lower during early hours on Monday amid concerns over rising inflation and bond yields. At 10:15 am, the BSE SandP Sensex was down by 417 points or 0.82per cent at 50,472 while the Nifty 50 edged lower by 99 points or 0.66 per cent to 14,883. Among stocks, Mahindra and Mahindra lost by 2.4 per cent to Rs 858.05 per share while Maruti Suzuki skidded by 1.4 per cent. Eicher Motors was down by 1.3 per cent to Rs 2,550.50 per share. The other major losers were Larsen and Toubro, HDFC, Axis Bank, IndusInd Bank, HCL Technologies and Tata Consultancy Services. However, metal stocks gained substantially with Hindalco up by 4.5 per cent, Tata Steel by 3.3 per cent and JSW Steel by 3.2 per cent. Besides, HDFC Bank, Adani Ports, ONGC and Asian Paints traded higher. Meanwhile, Asian share markets inched up as expectations for faster economic growth and inflation globally boosted commodities. MSCI's broadest index of Asia Pacific shares outside Japan added 0.2 per cent. Japan's Nikkei recouped by 1 per cent and South Korea by 0.4 per cent.
Samsung Electronics says fourth quarter profits probably jumped by more than a quarter as consumers stuck at home spent on new screens and other gadgets. Julian Satterthwaite reports.
Analysts say Samsung Electronics' December-quarter profit likely rose by a third, as remote working and TV-watching during the pandemic fueled demand for chips and display panels, offsetting weaker smartphone sales. Francis Maguire reports.
The leadership at massive tech giant Samsung has been plunged into uncertainty.
CNN reports Samsung's vice chairman Lee Jae-yong is going back to prison once again, after being found guilty of..
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