Samsung boss released from jail on parole in ‘national interest’ August 13, 2021 Samsung’s boss has been released from prison on parole with a government spokesperson claiming his release was taken in the ‘national interest.’ Lee Jae-yong was convicted for bribery and corruption in Seoul High Court on January 2021 which sentenced him to 30 months in jail. He has been released after just 207 days, a year [...]
Ford and Samsung among firms ‘in talks’ over UK battery gigafactories June 16, 2021 Ford and Samsung are considering building battery “gigafactories” in the UK as the government seeks to drive investment in the electric vehicle sector. The FT reported that ministers were in talks with six firms in total, including Nissan and South Korean electronics firm LG, over the locations of the new facilities, which are seen as [...]
UK to roll out new TV streaming rules in boost for broadcasters June 14, 2021 The government is said to be preparing new rules that would force tech firms such as Amazon and Samsung to give greater prominence to public broadcasters. Legislation being finalised by Whitehall officials will guarantee that public service broadcasters (PSB) such as the BBC, ITV and Channel 4 are easy to access on smart TVs, the [...]
Ericsson and Samsung ink deal to end global patent dispute May 7, 2021 Ericsson and Samsung have signed a multi-year agreement on global patent licences between the two companies, ending a legal battle that hit the Swedish firm’s first-quarter revenue. In a statement this morning Ericsson said the cross-licence agreement covers sale of network infrastructure and handsets from the beginning of this year. The two tech firms have [...]
Samsung tycoon’s family to sell off art as it faces $11bn inheritance tax bill April 28, 2021 The family of Samsung’s late chairman Lee Kun-hee will donate a vast art collection as it faces a $10.8bn (£7.7bn) inheritance tax bill on his estate following his death last year. Lee, who is credited with transforming the South Korean company into the world’s largest smartphone and memory chip maker, died in October at the [...]
UK to force tech firms to disclose device security plans amid cyber fears April 21, 2021 Tech firms could be forced to tell customers how long their products will be guaranteed to receive security updates under draft new laws outlined today. Manufacturers including Apple, Samsung and Google would have to make upfront disclosures for smart devices such as phones, speakers, fridges and doorbells. The plans form part of efforts to beef [...]
LG exits smartphone market after steady losses April 6, 2021 Korean electronics company LG will leave the smartphone market in July after it failed to match growing competition from China. Once the third-largest mobile phone manufacturer in the world in 2013, LG struggled with the transition to touchscreen smartphones which made its exit inevitable. Despite arriving early to the smartphone party, introducing a touchscreen device [...]
Brits could receive £480m payout in Qualcomm smartphone legal case February 25, 2021 Roughly 29m Brits could be entitled to a £480m payout if a landmark legal claim against US chipmaker Qualcomm is successful. Consumer group Which is suing Qualcomm over claims it breached UK competition law by taking advantage of its dominance in the patent-licensing and chipset market. The lawsuit alleges that this enabled the chipmaker to [...]
Samsung heir back in prison for bribery scandal January 18, 2021 Samsung heir Lee Jae Yong has been sentenced to two and a half years in prison by a high court in South Korea on Monday. Lee, 52, was found guilty of bribing an associate of former president Park Geun-hye and jailed for five years in 2017 but was released after 12 months. The Supreme Court [...]
Samsung executives jailed over destruction of evidence in fraud case December 9, 2019 Eight employees of Samsung affiliates have been found guilty of destroying evidence by a South Korean court, in a case linked to allegations of a $3.9bn accounting fraud suspected to be part of a plot to cement the control of the company’s founding family. Three Samsung Electronics executives were handed jail sentences of up to [...]