The acting head of the Samsung Group, Jay Y. Lee, was arrested on Friday by police in South Korea, taken into custody hours after a warrant for his arrest was approved by the country's Central District Court.
Following 15 hours of questioning the executive on Monday, a South Korean special prosecutor's office is once again seeking an arrest warrant for the head of the Samsung Group — Jay Y. Lee — in an influence-peddling scandal threatening to topple the country's President, Park Geun-hye.
The acting head of Apple rival Samsung appeared at Korean special prosecutor's office on Monday for a second instance of questioning around influence-peddling allegations, which involve President Park Geun-hye and her close friend Choi Soon-sil.
Possibly adding to a 2016 deal, a report from South Korea has emerged claiming that Apple has entered into a $4.3 billion contract with Samsung for 60 million 5-inch OLED screens potentially destined for a next-generation iPhone.
Smartphone producers will have to advise the South Korean government of incidents where devices explode or catch fire as immediately as possible, according to new safety regulations expected to be announced in the country next week.
Though Apple has not officially announced any sales figures for its wearable Apple Watch, that hasn't stopped research firms from estimating its performance, with new data from Strategy Analytics pegging the device at 5.2 million shipments in the fourth quarter of 2016.
Apple's record iPhone sales during the December quarter allowed it edge ahead of Samsung and once again become the world's top smartphone vendor, though not for whole of 2016, according to new research data.
The U.S. Consumer Product Safety Commission is urging producers of lithium-ion batteries to modernize their safety standards, in order to minimize the possibility of faulty batteries causing fires in consumer devices, in the wake of the Samsung Galaxy Note 7 recall fiasco.
In spite of the major financial hit it took after the Galaxy Note 7, Samsung Electronics on Tuesday said it managed a 50 percent boost in operating profits during the December quarter, thanks to a combination of high chip sales and other phones filling in the gap.
Samsung has concluded its investigation involving the 2016 Galaxy Note 7 fires, and has determined that two different flaws resulted in the conflagrations in the failing devices, with one creeping in after a too-quick investigation.
Samsung is looking to close the book on last year's Galaxy Note 7 debacle with a press conference on Sunday, at which the company intends to reveal results of multiple investigations into the smartphone explosions.
Samsung heir and acting chief Lee Jae-yong will not be arrested as part of a sweeping inquest into the alleged indiscretions of impeached South Korean president Park Geun-hye, some of which include accepting corporate bribes in exchange for political favor.
Samsung's next flagship phone, the Galaxy S8, could include a new S Health app with features above and beyond Apple's HealthKit and CareKit — including the ability to schedule online consultations with doctors, or even pay medical fees.
Internally, Samsung has concluded that the battery — and not any faults in software, or other hardware — was reportedly to blame for the fires that led to the recall and ultimate cancellation of the Galaxy Note 7.
An arrest warrant for heir apparent to Samsung's throne, Lee Jae-yong, was issued Monday for his suspected involvement in an insidious corruption scandal that led to the impeachment of South Korean President Park Geun-hye.