Tuesday, 17 October 2017

Sorry week for Samsung

By Nick Wood, Total Telecom
Friday 17 February 17

Company heir arrested in the same week that more stats confirm Apple is top of the smartphone table.

Power, if not wielded properly, can blow up in your face. Just ask Samsung, which this week saw further proof that its exploding battery problem cost it top spot in the global smartphone market, and the arrest of heir apparent Lee Jae-yong for his alleged involvement in currying political favours in return for charitable donations. Lee is accused of making 41 billion won (€33.51 million) worth of donations to non-profit foundations owned by Choi Soon-sil, a friend of South Korea's president Park Geun-hye, reported the BBC on Friday. In return, Lee allegedly sought political support for a sweeping restructuring at Samsung that would pave the way for him to officially take control of the company from his father…

Power, if not wielded properly, can blow up in your face. Just ask Samsung, which this week saw further proof that its exploding battery problem cost it top spot in the global smartphone market, and the arrest of heir apparent Lee Jae-yong for his alleged involvement in currying political favours in return for charitable donations. Lee is accused of making 41 billion won (€33.51 million) worth of donations to non-profit foundations owned by Choi Soon-sil, a friend of South Korea's president Park Geun-hye, reported the BBC on Friday. In return, Lee allegedly sought political support for a sweeping restructuring at Samsung that would pave the way for him to officially take control of the company from his father…

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