Lee Jae-yong has his five year jail term for corruption suspended by an appeals court.
Samsung Electronics vice chairman Lee Jae-yong, also known as Jay Y. Lee in the West, has been released from prison after a successful appeal. Lee had been sentenced to five years after being found guilty of perjury, embezzlement, and bribery in a scandal that led to the removal of former South Korean President Park Geun-hye last year. In addition to receiving a suspended prison sentence today, Lee’s prison term was reduced to two and a half years, although he’s free to go with four years’ probation after being incarcerated for almost a year, according to Bloomberg.
Lee is the son of infamous Lee Kun-hee, the incapacitated chairman of the Samsung Group, and as such is presumed heir to the throne. However, due to a tradition of filial…
SEOUL (Reuters) – South Korea said on Monday that North Korea last year stole cryptocurrency from the South worth billions of won and that it was still trying to hack into its exchanges.
SYDNEY (Reuters) – When Kiri Pomery ordered a red Santa Claus hat from Amazon.com Inc's new Australian operation, the estimated delivery time to her address in outback Western Australia seemed too good to be true.
WASHINGTON (Reuters) – Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to people familiar with the matter.
SEOUL (Reuters) – A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting him free after a year's detention amid a corruption scandal that brought down the former president.
The top line is that Nike is rolling out some membership related updates to its app for iPhone and Android today. The updates will come in the form of new unlocks with partnerships like ClassPass, Apple and Headspace. There will also be a bunch of new unlocks coming for exclusive shoes and clothing. NikePlus Unlocks, the official name for these cards that appear in the Nike+ app Members… Read More
Stripe will open its first engineering center outside the United States in Dublin, the company told Reuters today. Dublin isn’t a surprising choice. Though the online payment processing provider is based in San Francisco, its founders are Irish and Stripe’s European headquarters are already in the Irish capital, where it has about 100 employees. Reuters says Stripe will hire… Read More
HONG KONG (Reuters) – China's Leshi Internet said about 5.62 billion yuan ($890 million) of its debts would be due by the end of this year, or almost two-thirds of the company's total loans and liabilities, sending its shares down for a ninth day.
Two years ago producer J.J. Abrams surprised audiences when 10 Cloverfield Lane appeared seemingly out of nowhere. During Super Bowl LII today, the franchise upped the ante with a shocking revelation: the new entry in the series is called The Cloverfield Paradox, and would be coming to Netflix immediately after the game.
Directed by Julius Onah, the film was originally produced under the title God Particle, and focuses on a group of astronauts that deal with some strange and mysterious happenings in space. There had been long-running speculation that the movie would be part of the Cloverfield universe, but in true mystery box fashion the exact details of how it would fit into they mythology have remained under wraps. The movie was…