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Samsung Electronics Executive Chai Lee Acquitted in Succession Case

A Seoul Central District Court acquitted Samsung Electronics Co. Executive Chairman Jay Y. Lee of stock manipulation charges. This lifts a weight off the word’s largest maker of memory chips and displays, which is struggling with a global downturn and a stiff challenge from Apple Inc. in smartphones and SK Hynix Inc. in the nascent field of AI. Yoolim Lee reports on Bloomberg…

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A Seoul Central District Court acquitted Samsung Electronics Co. Executive Chairman Jay Y. Lee of stock manipulation charges. This lifts a weight off the word’s largest maker of memory chips and displays, which is struggling with a global downturn and a stiff challenge from Apple Inc. in smartphones and SK Hynix Inc. in the nascent field of AI. Yoolim Lee reports on Bloomberg Television.

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3 Comments

3 Comments

  1. @ugwunnamdik591

    February 5, 2024 at 10:43 pm

    some(if not most) Investors are looking for a way to take leadership away from the Founding Families. For a good or bad reasons & intentions, the founding Family can’t allow that to happen. and they shouldn’t allow it (IMO)

    (This is a similar event/scenerio that Elon Musk is trying to correct with Tesla by asking for 25% voting share)

  2. @jansolo69

    February 6, 2024 at 1:00 am

    Typical corruption in Korea. Chaebol have no shame.

  3. @kathyatty

    February 6, 2024 at 9:13 am

    S.Korea’s justice system is not working properly.

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