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NEWS
December 6, 1990 | MICHAEL CIEPLY and ALAN CITRON, TIMES STAFF WRITERS
The giant Samsung Group of Korea may become Hollywood's next foreign buyer. The $35-billion-a-year conglomerate, which has interests in consumer electronics and other areas, has quietly made inquiries about purchasing Orion Pictures Corp., according to several individuals familiar with the approach.
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WORLD
March 27, 2010 | By John M. Glionna
When corporate ethics activist Kim Gun-ho heard that convicted tax evader Lee Kun-hee had returned as chairman of Samsung Electronics, he winced and thought: "Here we go again." And who could blame him? In recent years, executives at some of South Korea's top companies have been convicted of crimes such as accounting fraud, embezzlement and breach of duty. Their sentences reduced, many have returned to their jobs. Some never left them. "Most of the chairmen at the 10 biggest companies are convicts," said Kim, a senior official at the Citizens' Coalition for Economic Justice, which has lobbied for more accountability from South Korean companies.
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BUSINESS
January 6, 2000 |
French auto maker Renault said it's in talks to acquire all or part of Samsung Motor Inc. as it seeks to expand its alliance with Nissan Motor Co. in Asia. Samsung Group confirmed Renault's statement, saying it's been in exclusive talks with the French company since Dec. 30. Samsung Motor, by far the smallest of South Korea's auto makers--capable of making 180,000 cars a year--uses Nissan technology.
BUSINESS
July 17, 2008 | From the Associated Press
A South Korean court handed a suspended sentence to former Samsung Chairman Lee Kun-hee on Wednesday, leaving the country's widely known business figure free from prison while convicting him for evading taxes. The Seoul Central District Court found Lee guilty of not paying about 47 billion won ($46 million) in taxes and fined him 110 billion won ($109 million).
NEWS
March 24, 1989 | From Times wire service s
William Bush, brother of President Bush, has agreed to work as a consultant for the Samsung group, one of South Korea's largest conglomerates, a company spokesman said today. Under the contract, the spokesman said the younger Bush will occasionally advise Samsung Chairman Lee Kun Hee on managerial matters on a case-by-case basis. Samsung is a major exporter of electronics and machinery to the United States. Washington is pressuring South Korea to admit more U.S.
BUSINESS
April 22, 2008 | From the Associated Press
Samsung Group Chairman Lee Kun-hee, indicted last week on tax evasion and other charges, said today that he would step down from his post at the top of South Korea's biggest conglomerate. "I have decided to resign from the post of chairman," Lee said in a nationally broadcast news conference less than one week after he was indicted after a special independent counsel's investigation into Samsung's operations.
BUSINESS
May 7, 1998 | Bloomberg News
Hewlett-Packard Co. said it is in talks to buy all or part of its joint venture with Samsung Group, the troubled South Korean conglomerate that is selling some of its businesses to reduce debt. The HP Korea venture sells computers and printers, and makes power-supply devices for electronic equipment. Samsung said it is also in negotiations with General Electric Co. to sell its medical equipment joint venture in South Korea.
BUSINESS
September 25, 2005 | Don Lee, Times Staff Writer
Cho Sung Yoon and his wife live on the 27th floor of a Samsung apartment complex here. They cook their food on a Samsung electric range. They call each other on Samsung cellphones and check their e-mail on a Samsung home computer. Recently, they used their Samsung credit card to get a 30% discount at a water park at Samsung Everland, South Korea's largest amusement park. If the couple had a serious mishap there, they would have been covered. Their insurance company? Who else: Samsung.
BUSINESS
January 15, 2008 | From the Associated Press
Special prosecutors investigating corruption allegations at massive conglomerate Samsung Group raided an office of Chairman and Chief Executive Lee Kun-hee on Monday as part of a probe reluctantly approved last year by South Korea's president, an official said. Government investigators also raided the company's headquarters in Seoul today, said Yim Jun-seok, a Samsung spokesman. He said investigators entered the strategic planning office.
BUSINESS
April 22, 2008 | From the Associated Press
Samsung Group Chairman Lee Kun-hee, indicted last week on tax evasion and other charges, said today that he would step down from his post at the top of South Korea's biggest conglomerate. "I have decided to resign from the post of chairman," Lee said in a nationally broadcast news conference less than one week after he was indicted after a special independent counsel's investigation into Samsung's operations.
BUSINESS
January 15, 2008 | From the Associated Press
Special prosecutors investigating corruption allegations at massive conglomerate Samsung Group raided an office of Chairman and Chief Executive Lee Kun-hee on Monday as part of a probe reluctantly approved last year by South Korea's president, an official said. Government investigators also raided the company's headquarters in Seoul today, said Yim Jun-seok, a Samsung spokesman. He said investigators entered the strategic planning office.
BUSINESS
September 25, 2005 | Don Lee, Times Staff Writer
Cho Sung Yoon and his wife live on the 27th floor of a Samsung apartment complex here. They cook their food on a Samsung electric range. They call each other on Samsung cellphones and check their e-mail on a Samsung home computer. Recently, they used their Samsung credit card to get a 30% discount at a water park at Samsung Everland, South Korea's largest amusement park. If the couple had a serious mishap there, they would have been covered. Their insurance company? Who else: Samsung.
WORLD
July 26, 2005 | Don Lee, Times Staff Writer
South Korea's ambassador to the United States, embroiled in a widening scandal over an alleged political slush fund involving conglomerate Samsung Group, has offered his resignation, the South Korean presidential office confirmed today.
BUSINESS
May 11, 2000 | Bridge News
Cargill Steel, Duferco, Samsung and TradeARBED said they will band together to create an independent global exchange for online steel trading. The three steel trading companies have pledged a proportion of their business, amounting to billions of dollars, to ensure sufficient volume, liquidity and market-making ability for the operation. They said the exchange, which will be based in New York, should be operational by the fourth quarter.
BUSINESS
January 6, 2000 |
French auto maker Renault said it's in talks to acquire all or part of Samsung Motor Inc. as it seeks to expand its alliance with Nissan Motor Co. in Asia. Samsung Group confirmed Renault's statement, saying it's been in exclusive talks with the French company since Dec. 30. Samsung Motor, by far the smallest of South Korea's auto makers--capable of making 180,000 cars a year--uses Nissan technology.
WORLD
March 27, 2010 | By John M. Glionna
When corporate ethics activist Kim Gun-ho heard that convicted tax evader Lee Kun-hee had returned as chairman of Samsung Electronics, he winced and thought: "Here we go again." And who could blame him? In recent years, executives at some of South Korea's top companies have been convicted of crimes such as accounting fraud, embezzlement and breach of duty. Their sentences reduced, many have returned to their jobs. Some never left them. "Most of the chairmen at the 10 biggest companies are convicts," said Kim, a senior official at the Citizens' Coalition for Economic Justice, which has lobbied for more accountability from South Korean companies.
BUSINESS
January 14, 1996 | DAVID HOLLEY, TIMES STAFF WRITER
It looked like a scene from some American union protest in the 1980s: Muscular workers set huge piles of Korean-made cordless telephones aflame and smashed others to bits with sledgehammers. Yet this was no protectionist outcry in a country flooded with imports. The rally was ordered by Lee Kun Hee, chairman and main owner of South Korea's leading industrial conglomerate, Samsung Group, and the shoddy telephones getting smashed and burned were Samsung's own.
BUSINESS
September 23, 1999 | Bloomberg News
Sprint PCS, the wireless unit of Sprint Corp., said it plans to buy telephones valued at about $750 million from Motorola Inc. and South Korea's Samsung Corp. for its wireless Internet service. During the next year, Samsung's U.S. unit would sell Sprint PCS up to $500 million in phones for its digital wireless network. Users would be able to place calls and access the Internet, as well as make analog-signal calls in areas not covered by the digital network.
BUSINESS
December 15, 1998 | JOHN O'DELL, TIMES STAFF WRITER
Ailing Samsung Motors has pulled the plug on its U.S. design studio in Huntington Beach, which will close at the end of the year. The 22 employees have vowed to stay together as a design team and hope to find a car maker or other major automotive-industry manufacturer with design needs to buy the studio and its state-of-the-art computerized equipment. Samsung Motors, which is scheduled to be acquired by Daewoo Motor Corp.
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