Samsung Chief News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Korea Herald reported last night that Samsung Electronics' Vice Chairman Lee Jae-yong stated yesterday that he plans to meet SoftBank's founder Masayoshi Son next month as the Japanese tycoon visits Seoul. Immediate speculation was reported that Samsung could be acquiring Arm. Softbank's CEO then published a statement to clarify his meeting with Samsung's Vice Chairman Jay Y. Lee.

Samsung chief Lee Jae-yong convicted, fined for illegal anesthetic medication use

Lee Jae-yong, the de-facto chairman of South Korea's enormous Samsung company, was found guilty on Tuesday of unlawfully taking the anaesthetic medication propofol, the latest legal setback for the multibillionaire. The Seoul Central District Court penalised Lee, the vice-chairman of the world's largest smartphone maker Samsung Electronics and the world's 238th richest person, 70 million won ($60,000), according to Yonhap news agency.

Samsung Group heir Jay Y. Lee arrives at a court in Seoul, South Korea. Seoul: A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in prison on Monday, which could delay the group's ownership restructuring following the death of Lee's father in October. The ruling also cements a major shift in South Korea's view on wrongdoings committed by the owners of the country's powerful conglomerates, or chaebol, which led the country's economic rise after the Korean War on the back of what has been criticised as cozy relations with politicians. Lee, the ...