Tag Archives: samsung

Samsung leader found guilty of bribery and embezzlement

Samsung will have to operate without its acting leader for a few years, now that a South Korean court has found Lee Jae-yong guilty of bribery and embezzlement. The executive has been sentenced to five years in prison, much shorter than the 12 years he was facing. According to The New York Times, though, that’s long enough to be considered a heavy penalty for a country that’s used to doling out light sentences to major business figures.

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Samsung Galaxy S8

With the exploding Note 7 battery fiasco, Samsung inadvertently did something that’s increasingly difficult these days: It made smartphones interesting for a flickering moment. Super interesting in fact. Besides the intriguing mournful saga of the Note 7, whose embarrassing recall cost the company billions, Samsung also set up a dramatic release narrative for the Galaxy S8. This wasn’t just another smartphone—this was a make-or-break device charged with saving a company in the throes of an existential crisis. A smartphone that screams at the void—yikes!

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Samsung Halts Production of Galaxy Note 7: Report

Citing an unnamed official at a Samsung supplier, South Korean new agency Yonhap reports that the company has temporarily suspended production of its flagship Galaxy Note 7 smartphone. According to the source, the suspension is being done in coordination with safety officials in South Korea, the United States and China.

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