Billionaire Samsung heir Lee Jae-yong jailed for five years

Billionaire Samsung heir Lee Jae-yong jailed for five years

The billionaire heir to the Samsung empire has been sentenced to five years in prison after being convicted of offering bribes to South Korea’s former president. Lee Jae-yong was also found guilty by a panel of three judges of embezzlement, hiding assets overseas, concealing profits from criminal acts and perjury. The court in Seoul found Lee hoped that bribes to then-president Park Geun-hye and a close friend would secure support for a merger that strengthened…

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Samsung launches Note 8 after exploding phones woes

Samsung launches Note 8 after exploding phones woes

Samsung is looking to put their exploding-phone disaster behind them with the launch of the new Galaxy Note model. The smartphone giant, which was forced to suspend sales of their Galaxy Note 7 last year after some caught fire when the battery exploded, unveiled their Galaxy Note 8 in New York on Wednesday. Fans who remained loyal to the model, despite last year’s problems, were thanked by Samsung bosses. “None of us will ever forget…

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