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Samsung Group heir <keyword id="804640" type="PERSON" weightage="20" keywordseo="Lee-Jae-yong">Lee Jae-yong</keyword> was indicted on Tuesday for his role in a controversial merger and alleged accounting frauds.<br /><br />Prosecutors charged Lee, the vice chairman of Samsung Electronics, with unfair trading, stock manipulation, breach of trust in relation to the 2015 merger between two Samsung affiliates seen as a key step toward his succession, and alleged accounting fraud at the pharmaceutical unit of Samsung Biologics, reports Yonhap News Agency.<br /><br />Ten other former and incumbent Samsung executives were also indicted on similar charges.<br /><br />The investigation team led by senior prosecutor Lee Bok-hyun said in a statement that they reached a conclusion that judicial judgment is necessary in the case, given "the clear-cut facts supported by evidence, the gravity of the case and the need to resolve the public's suspicions surrounding the case".<br /><br />Prosecutors suspect that Lee was involved in a company-wide scheme to plan the merger of Cheil Industries Inc. and Samsung C&amp;T and fraud in a way to take over control of the country's biggest conglomerate from his ailing father, Lee Kun-hee, who suffered a heart attack in 2014.<br /><br />He is also suspected of being part of the alleged plan to inflate the value of Samsung Bioepis, a joint venture between Samsung Biologics, a subsidiary of Cheil Industries, and the US-based Biogen Inc.<br /><br />Lee has consistently denied the allegations since the investigation started in November 2018.<br />

Samsung heir Lee Jae-yong charged with fraud over 2015 merger

<keyword id="135365" type="General" weightage="50" keywordseo="samsung-electronics" source="Orion">Samsung Electronics</keyword> new Chairman <keyword id="804640" type="General" weightage="20" keywordseo="lee-jae-yong" source="Orion">Lee Jae-yong</keyword> called on employees on Thursday to rise up to challenges and to focus more on technology development.<br /><br />"Now is time for us to mount more bold challenges. Our survival depends on future technologies," he said in a message posted on the company's internal forum soon after he was promoted to chairman of the tech giant, the crown jewel of the group.<br /><br />"We can turn this crisis into opportunity... I will stand at the forefront" of the campaign to make <keyword id="10591" type="General" weightage="80" keywordseo="samsung" source="Orion">Samsung</keyword> a greater company "beloved" by consumers around the world, <keyword id="3176" type="General" weightage="100" keywordseo="lee" source="Orion">Lee</keyword> said.<br /><br />His promotion was endorsed at a board meeting earlier in the day, the company said, considering "an urgent need for stable management and leadership amid the deteriorating global business environment," reports Yonhap news agency.<br /><br />Lee started working at the tech firm in 1991 and was promoted to vice chairman in 2012.<br /><br />His late father <keyword id="208877" type="General" weightage="20" keywordseo="lee-kun-hee" source="Orion">Lee Kun-hee</keyword> served as Samsung Electronics chairman until he died two years ago and the position had since been vacant.<br /><br />The promotion had been widely expected among industry watchers after he was given a presidential pardon in August for his conviction in a bribery case involving former President Park Geun-hye.<br /><br />With the new title, Lee's leadership will be put to the test at a time when the tech giant has been trying to navigate mounting challenges from macroeconomic woes and slowing businesses.<br /><br />Samsung Electronics earlier in the day reported a sharp decline in profits for the third quarter, as the semiconductor business has slowed significantly following the pandemic-fueled boom that boosted the chipmakers' top and bottom lines for the past few years.<br /><br />A difficult road lies head for the tech giant in the coming months and well into the next year, amid growing economic uncertainties and fears of a recession.<br /><br />Adding to the challenges, Lee's legal battle is yet to be over. He is currently standing trial over the 2015 merger of two Samsung affiliates and alleged accounting fraud at the pharmaceutical unit Samsung Biologics.<br /><br />The merger and fraud are widely seen as key steps to strengthen his grip on the group.<br /><br /><strong>SEE ALSO:<br /><br /><a href="https://www.businessinsider.in/business/corporates/news/indias-it-giants-are-worried-about-moonlighting-employees-sharing-their-corporate-secrets/articleshow/95077652.cms">India’s IT giants are worried about moonlighting employees sharing their corporate secrets</a><br /><br /><a href="https://www.businessinsider.in/tech/news/the-1338-crore-fine-is-just-the-tip-of-the-iceberg-as-cci-orders-google-to-take-several-measures-to-curb-its-anti-competitive-behavior/articleshow/95012606.cms">The ₹1,338 crore fine is just the tip of the iceberg as CCI orders Google to take several measures to curb its anti-competitive behavior</a><br /><br /></strong><a href="https://www.businessinsider.in/tech/news/apple-ipad-10th-gen-ipad-pro-and-apple-tv-4k-launched-in-india-price-specs-and-everything-you-need-to-know/articleshow/94958900.cms"><strong>Apple iPad 10th gen, iPad Pro, and Apple TV 4K launched in India – price, specs, and everything you need to know</strong></a><br />

Time to mount more bold challenges, says Samsung's new chairman Lee Jae-yong

<ul class="summary-list"><li>South Korea just pardoned Samsung's de facto leader, Jay Y. Lee, for bribing a former president.</li><li>The justice ministry said Lee needs to help the country overcome a "national economic crisis."</li></ul><p>South Korean President Yoon Suk-yeol pardoned Samsung's de facto chief for bribing a former president because he's just too important for the country's economy.</p><p>In a Friday announcement, <a href="https://www.moj.go.kr/moj/221/subview.do?enc=Zm5jdDF8QEB8JTJGYmJzJTJGbW9qJTJGMTgyJTJGNTYyMTA4JTJGYXJ0Y2xWaWV3LmRvJTNGcGFzc3dvcmQlM0QlMjZyZ3NCZ25kZVN0ciUzRCUyNmJic0NsU2VxJTNEJTI2cmdzRW5kZGVTdHIlM0QlMjZpc1ZpZXdNaW5lJTNEZmFsc2UlMjZwYWdlJTNEMSUyNmJic09wZW5XcmRTZXElM0QlMjZzcmNoQ29sdW1uJTNEJTI2c3JjaFdyZCUzRCUyNg%3D%3D">South Korea's Justice Ministry</a> said Samsung Electronics vice chairman Jay Y. Lee was needed to help with the country's "economic crisis."</p><p>"Key business people were included in the pardons in consideration of their roles in leading national growth through technology investment and job creation, given that the country badly needs to overcome an economic crisis," a government official told the <a href="https://en.yna.co.kr/view/AEN20220812001252315?">Yonhap news agency</a>.</p><p>In 2017, Lee was convicted of bribing a friend of then South Korean President Park Geun-hye and eventually sentenced to <a href="https://www.businessinsider.com/samsung-heir-lee-sentenced-two-half-years-prison-bribery-charges-2021-1">two and a half years in prison</a>. He was <a href="https://apnews.com/article/crime-south-korea-park-geun-hye-lee-jae-yong-1ecd013e2f44096f56881b7185bed5f5">seeking government support</a> for a merger that would boost his control of the company founded by his grandfather. Park, South Korea's first female leader, was <a href="https://www.businessinsider.com/south-korea-parliament-votes-to-impeach-president-park-geun-hye-2016-12">impeached</a> in December 2016 and <a href="https://www.businessinsider.com/park-geun-hye-guilty-abuse-of-power-and-coercion-2018-4">sentenced to 24 years in prison.</a> She was <a href="https://markets.businessinsider.com/news/stocks/ex-president-park-geun-hye-to-be-set-free-under-presidential-pardon-10883058">pardoned last year.</a></p><p>In addition to Lee, Yoon granted pardons to 1,692 other individuals, including <a href="https://www.reuters.com/article/us-southkorea-corruption-lotte-idUSKBN1WW0CT">Shin Dong-bin</a>, the chairman of the Lotte Group, who was separately also sentenced to jail for bribery. The pardons are set to take effect next Monday.</p><p>Lee was already out on parole after serving 18 months in prison for the charges — he even met <a href="https://en.yna.co.kr/view/AEN20220524006252320#none">US President Joe Biden</a> in May during the leader's visit to South Korea — so the pardon is mostly symbolic. However, conditions of Lee's parole did not allow him to take up new employment for five years and required him to get official approval for travel overseas, according to South Korea's <a href="https://pulsenews.co.kr/view.php?year=2022&amp;no=713601">Maeil Business News.</a> The pardon means Lee may finally be able to become Samsung Electronics' chairman — a position that has remained <a href="https://www.reuters.com/article/us-samsung-elec-leadership-idUSKBN28C06B">vacant</a> since his father died in October 2020.</p><p>"I will do my best for the national economy," Lee told reporters on Friday, per Maeil Business News.</p><p>Lee's legal troubles are not over. He still faces charges of fraud and stock manipulation, per <a href="https://www.reuters.com/world/asia-pacific/skoreas-yoon-pardons-samsung-leader-jay-y-lee-2022-08-12/">Reuters.</a></p><p>Like many countries around the world, export-reliant South Korea is facing economic headwinds from the Ukraine war, <a href="https://www.reuters.com/world/asia-pacific/skorea-july-inflation-near-24-yr-high-expected-2022-08-01/">soaring inflation,</a> and <a href="https://www.bloomberg.com/news/articles/2022-08-11/south-korea-s-tech-exports-drop-in-sign-of-cooling-global-demand">slowing demand.</a></p>

South Korea just pardoned Samsung's chief for bribing a former president because the country needs him to overcome a 'national economic crisis'

Seoul, June 8 (IANS) Lee Jae-yong, the de facto leader of Samsung Group, South Korea's largest conglomerate, appeared in court on Monday for a hearing to decide whether he will be arrested again amid allegations of his involvement in a merger and accounting fraud.<br /><br />Lee, also the vice chairman of Samsung Electronics, showed up at the Seoul Central District Court in southern Seoul, reports Yonhap News Agency.<br /><br />The hearing is likely to last at least several hours, as many expect the court's decision to come out late Monday night or early Tuesday morning.<br /><br />He is under probe in connection with the controversial merger of two Samsung affiliates in 2015, an apparent key process in his takeover of control of the group from his ailing father, Lee Kun-hee.<br /><br />Last week, the Seoul Central District Prosecutors Office sought an arrest warrant for the Samsung scion, arguing he should be put back in jail, given the seriousness of his alleged wrongdoings and the possibility of destroying relevant evidence. <br /><br />It is a prelude to a widely expected indictment against Lee.<br /><br />Prosecutors also requested arrest warrants for two former Samsung executives, Choi Gee-sung and Kim Jong-joong, who had led the group's now-disbanded control tower, the Future Strategy Office.<br /><br />The three are accused of engaging in unfair trading, stock price manipulation and violation of laws on external audits.<br /><br />Kim faces an additional charge of making a false testimony in court.<br /><br />Investigators suspect the group's top management of having been deeply involved in what they believe was a systemic effort to help the father-to-son transition of Samsung's leadership. <br /><br />They believe that Lee was involved in a scheme to inflate the value of Cheil Industries Inc. and lower that of Samsung C&amp;T prior to the merger in 2015, Yonhap News Agency reported.<br /><br />Lee and his aides were also suspected of inflating the value of Samsung Bioepis, a joint venture between Samsung Biologics and the US-based Biogen Inc., by approximately 4.5 trillion won ($3 billion).<br /><br />Samsung Biologics is a subsidiary of Cheil Industries, of which Lee was the largest shareholder, with a stake of 23.2 per cent.<br /><br />The probe began in November 2018 when the Securities and Futures Commission under the Financial Services Commission filed a complaint against Samsung Biologics over suspicions of accounting fraud. <br /><br />Samsung has said that it has never deliberately manipulated the value of its companies and the prosecution has wrongly viewed the 2015 merger as related to its management succession.<br /><br />If the warrant is approved, it will be the first time in 28 months that Lee will be arrested for criminal charges.<br /><br />He was imprisoned for about a year in 2017 for bribing a confidant of former President Park Geun-hye in return for her administration's support for the 2015 merger.<br /><br />He was released in February 2018 after his sentence was suspended by an appeals court. But the Supreme Court ordered a retrial last year revising the size of the bribes.<br /><br />--IANS<br /><br />ksk/

Samsung heir attends arrest warrant hearing

Seoul, June 9 (IANS) A South Korean court on Tuesday rejected the approval of an arrest warrant against the de-facto head of Samsung Group in connection with the controversial merger of two affiliates in 2015 with the alleged goal of cementing his leadership.<br /><br />The decision was made by Seoul Central District Court, where Lee Jae-yong had appeared Monday to complete proceedings that lasted for nine hours, reports Efe news.<br /><br />In the early hours of Tuesday the court decided that there was not sufficient probable cause to order the arrest of the Samsung heir.<br /><br />"There was insufficient explanation on the need to arrest the defendants against the principle of trial without detention," Judge Won Jung-sook said in statements.<br /><br />"In light of the importance of the case, whether the defendants are responsible, and if so, how much they are, should be determined through sufficient legal battles and court hearings," the Judge added.<br /><br />Two other group executives, Choi Gee-sung and Kim Jong-joong, who together with Lee are alleged by the prosecution to be the masterminds of the aforementioned merger, also avoided arrest.<br /><br />Several irregularities have been attributed to this operation, including alleged accounting fraud aimed at consolidating Lee's leadership shortly after his father, the group's chairman Lee Kun-hee, had a heart attack from which he has not yet recovered.<br /><br />All three executives are accused of stock price manipulation, violating external audit laws and unfair trading.<br /><br />Investigators believe that the value of Cheil Industries, one of the two companies of the group that was merged and of which Lee was the majority shareholder, was artificially inflated, and the opposite was done with the other company involved, Samsung C&amp;T.<br /><br />The three are also believed to have inflated the value of Samsung Bioepis, a joint venture between US-based Biogen and Samsung Biologics, which is also a subsidiary of Cheil, by some 4.5 billion won ($3 billion).<br /><br />Lee, who has denied the accusations, is also awaiting retrial for his alleged role in the so-called "Korean Rasputin" corruption scandal that rocked the country in 2016 and led to the impeachment of then-president Park Geun-hye.<br /><br />Lee was arrested in 2017 in connection with the case and went on to spend a year in jail. He was released after an appeals court suspended his sentence, but the Supreme Court ordered a retrial last year revising the size of the bribes.<br /><br />Last month the magnate apologized for the scandals involving the Samsung Group and said he would not be continuing with the system of heredity transfers of control in South Korea's largest company.<br /><br />--IANS<br /><br />ksk/

S.Korean court rejects arrest warrant for Samsung head

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span><a href="https://www.flickr.com/photos/davidchief/477355231/">David Martyn Hunt/Flickr (CC)</a></span></p><p class="caption">One scandal-free horse.</p></div><p></p></div></div>What links Samsung, an $830,000 (£683,000( horse, and the South Korean national pension fund?</p><p>They're just some of the ingredients in a huge, surreal presidential scandal rocking South Korea.</p><p>Choi Soon-sil, an aide of president Park Geun-hye, has been accused of shaking down businesses to enrich themselves via a slush fund, with the assistance of president Park - whose future is now in doubt.</p><p>The evolving scandal has shaken the country, and Samsung, South Korea's largest company, is bring dragged in.</p><h2>Back up: What on earth is going on?</h2><p>In short: Choi Soon-sil, a close friend of president Park Geun-hye, is accused of taking cash in exchange for influence from companies.</p><p>Choi allegedly had access to classified material and drafts of speeches, <a href="http://www.koreatimes.co.kr/www/news/nation/2016/11/116_217566.html">which were discovered on a tablet computer</a> in one of her offices.</p><p>She now faces charges of abuse of power and fraud, <a href="http://uk.businessinsider.com/r-how-ties-to-an-equestrian-princess-landed-samsung-at-center-of-a-scandal-2016-12">according to Reuters.</a></p><p>President Park's future now looks dubious. She has been impeached by parliament and stripped of her powers, but continues to deny wrongdoing.</p><h2>And Samsung comes into this, how?</h2><p>Investigators are trying to ascertain whether Samsung paid bribes to Park-linked organisations in an effort to get support from the national pension fund to get a merger approved between two Samsung entities that would give the company's heir-apparent Jay Y. Lee more control. (<a href="http://www.bbc.co.uk/news/business-38551622">The pension fund owned shares in both entities</a>.)</p><p>Samsung's offices have been raided twice, and prosecutors are currently weighing up whether they plan to arrest two Samsung executives, <a href="https://twitter.com/youngvulgarian/status/818768955376631809">according to Reuters</a>, or whether they will be considered witnesses in the investigation.</p><p>Some observers believe Lee will likely be called in by prosecutors next. "Summoning two top guys at Samsung Group may mean the special prosecutors are carrying out the final checks before calling in Jay Y. Lee," <a href="https://www.bloomberg.com/news/articles/2017-01-09/an-830-000-horse-a-presidential-scandal-and-samsung-succession">Hansung University professor Kim Sang-Jo told Bloomberg</a>. "Samsung stands at the center of Choi-gate."</p><p>Samsung did not immediately respond to Business Insider's request for comment.</p><h2>But what about the horse?</h2><p>Ah yes, the horse. <a href="http://uk.businessinsider.com/r-how-ties-to-an-equestrian-princess-landed-samsung-at-center-of-a-scandal-2016-12">Reuters reports that in 2015</a>, Samsung paid $18 million (£14.8 million) to Core Sports International, a consulting firm owned by - you guessed it - Choi Soon-sil.</p><p>The company ended up sponsoring an equestrian team to the tune of $8 million (£6.6 million) - and one of the members was Chung Yoora, daughter of Choi. It also spent $830,000 (£680,000) on a horse called Vitana V that was used by Chung.</p><p>There were reportedly supposed to be six people on the team, but in reality it was only Chung and her coach.</p><h2>So, is that it?</h2><p>Samsung has made payments to other initiatives supported by Choi Soon-sil. But this scandal isn't limited to Samsung. <a href="http://www.bbc.co.uk/news/business-38551622">According to the BBC</a>, eight firms so far have admitted giving money to funds linked to the president.</p><p>But what makes the whole affair so much stranger is the "cult" allegations.</p><p>Choi Soon-sil is the daughter of Choi Tae-min, the now-deceased leader of a cult-like group. Rumours swirled that President Park had been indoctrinated by Choi, to such an extent she felt compelled to deny them in November 2016 when she apologised for her relationship with (the younger) Choi.</p><p>There have been claims that I fell for a religious cult or had [shamanist rituals] performed in the Blue House [the presidential palace], but I would like to clarify that those are absolutely not true," <a href="http://www.bbc.co.uk/news/world-asia-37869993">she said, the BBC reported</a>.</p><p>It's a surreal, far-reaching affair - and there's still plenty we don't know. But as the investigation continues, it should slowly become clearer.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/stratfor-releases-annual-report-predictions-china-russia-europe-economy-terrorism-trump-us-2017-2016-12">These are Stratfor's chilling predictions for 2017</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="B3cmRtODE6AVvM2Q_w6SvkCHd1DxId92" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

An $830,000 horse links Samsung and a huge South Korean presidential scandal

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>REUTERS/Rick Wilking</span></p><p class="caption">Samsung CEO BK Yoon.</p></div><p></p></div></div>Samsung executives have been questioned in relation to a corruption scandal that involves South Korea's impeached president, Park Geun-hye, according to multiple reports.</p><p>Samsung corporate strategy office vice chairman Choi Gee-sung and president Chang Choong-ki were interviewed by prosecutors on Monday about the corruption allegations, <a href="http://english.yonhapnews.co.kr/news/2017/01/09/73/0200000000AEN20170109002100315F.html" target="_blank">according to </a><a href="http://english.yonhapnews.co.kr/news/2017/01/09/73/0200000000AEN20170109002100315F.html" target="_blank">South Korea's Yonhap news agency</a>.</p><p>The South Korean tech giant is accused of giving vast sums of money to charities set up by Choi Soon-sil, who is said to be a close friend of Park's. Choi has been charged with coercion and attempted fraud, <a href="http://www.bbc.co.uk/news/business-38551622?ocid=socialflow_twitter" target="_blank">according to the BBC</a>.</p><p>Samsung allegedly made the donations to Choi in return for political support from the South Korean government regarding a controversial merger. The merger involves Samsung's construction arm, Samsung C&amp;T, and an affiliate firm, Cheil Industries. The deal was passed despite significant opposition from shareholders, who claimed it would hurt them while benefiting the family of Samsung's group owner Lee Kun-hee.</p><p>The Samsung executives are currently being treated as witnesses and have not been directly accused of any wrong doing, <a href="https://www.bloomberg.com/news/articles/2017-01-08/samsung-executives-to-be-questioned-by-korean-prosecutors" target="_blank">Bloomberg reports</a>.</p><p>Samsung did not immediately respond to Business Insider's request for comment.</p>      <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/laundry-folding-robot-foldimate-video-2016-12">This machine solves the most time-consuming things about doing laundry</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="J1eXMwNDE6xEXrR7AqHv3GmDTNcBqpqx" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Samsung executives were questioned over a corruption case that involves South Korea's impeached president

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>REUTERS/Khaled Abdullah</span></p><p class="caption">Girls attend a class in their school which was hit by Saudi-led air strikes last year, as schools open this week in Sanaa, the capital of war-torn Yemen October 5, 2016.</p></div><p></p></div></div>Hello! Here's what you need to know on Thursday.</p><p><strong>1. <a href="http://www.businessinsider.com/fbi-nsa-leaker-2016-10">Another NSA contractor has been accused of stealing secrets</a>.</strong> The FBI secretly arrested Booz Allen Hamilton contractor Harold Thomas Martin III, who may be linked to the high-profile leak of the agency's hacking tools.</p><p><strong>2. <a href="http://www.businessinsider.com/theranos-ceo-elizabeth-holmes-announces-closure-of-clinical-labs-2016-10">Theranos has laid off 340 workers and is closing all its clinical labs</a>.</strong> The move is intended to refocus Theranos away from doing clinical tests on blood samples and towards developing its miniLab medical data processing product.</p><p><strong>3. <a href="http://www.businessinsider.com/r-exclusive-twitter-to-conclude-sale-deliberations-this-month-sources-2016-10">Twitter will decide whether or not to sell by the end of October</a>.</strong> Twitter has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on October 27.</p><p><strong>4. <a href="http://www.businessinsider.com/fall-of-aleppo-to-assad-could-boost-extremism-and-isis-2016-10">The US is coming to a new realization about Syria that could change everything</a>.</strong> US officials fear that the fall of Syria's largest city, Aleppo, to Syrian President Bashar al-Assad could undermine Washington's counterterrorism goals in the country.</p><p><strong>5. <a href="http://www.businessinsider.com/afp-hurricane-damage-forces-haiti-to-delay-voting-yet-again-2016-10">Haiti has postponed presidential and legislative elections originally set for Sunday because of the havoc caused by Hurricane Matthew</a>.</strong> The impoverished Caribbean nation's last elections in 2015 were canceled amid violence and massive fraud.</p><p><strong>6. <a href="http://www.businessinsider.com/medicaid-and-medicare-confirm-mylan-overcharged-them-2016-10">The Centers for Medicare &amp; Medicaid Services confirmed to lawmakers that Mylan, the drug company that makes EpiPen</a>,</strong> has been overcharging the US government for the life-saving allergy medication.</p><p><strong>7. <a href="http://www.businessinsider.com/samsung-viv-labs-siri-apple-2016-10">Samsung bought a potential Siri-killer from the guys who originally created Siri</a>.</strong> Viv Labs' personal digital assistant "Viv" is supposed to one-up Apple's famed Siri in smarts.</p><p><strong>8. <a href="http://www.businessinsider.com/r-uks-hammond-to-tell-wall-street-that-london-still-top-finance-hub-despite-brexit-2016-10">UK finance minister Philip Hammond plans to assure some of the top US banks that Britain is still the world's leading global finance hub despite its Brexit vote</a>,</strong> on his first trip to Wall Street since being appointed in July.</p><p><strong>9. <a href="http://www.businessinsider.com/afp-eu-launches-tough-border-force-to-curb-migrant-crisis-2016-10">The EU's beefed-up version of its struggling border force goes into operation Thursday</a>,</strong> as the squabbling bloc struggles to find a unified strategy to tackle its worst migration crisis since World War II.</p><p><strong>10. <a href="http://www.businessinsider.com/china-buying-more-companies-than-us-2016-10">China is now buying more companies than the US</a>.</strong> China has overtaken the US in outbound mergers and acquisitions for the first time.</p><p><strong>And finally ...</strong></p><p><strong><a href="http://www.businessinsider.com/best-money-advice-from-woman-who-has-been-traveling-world-for-5-years-2016-10">I've been traveling the world for 5 years, and here are the 7 best pieces of advice I can give you about money</a>.</strong></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/joseph-stiglitz-rates-janet-yellens-performance-fed-chair-qe-wealth-inequality-inflation-hawks-2016-9">Nobel prize-winning economist Stiglitz rates Yellen's performance as Fed chair</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="VucDkxNjE66X74L1OOrOS0f69DVt3jLC" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

You Searched For "samsung merger fraud" and got 8 results

Samsung heir Lee Jae-yong charged with fraud over 2015 merger

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Time to mount more bold challenges, says Samsung's new chairman Lee Jae-yong

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South Korea just pardoned Samsung's chief for bribing a former president because the country needs him to overcome a 'national economic crisis'

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Samsung heir attends arrest warrant hearing

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S.Korean court rejects arrest warrant for Samsung head

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An $830,000 horse links Samsung and a huge South Korean presidential scandal

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Samsung executives were questioned over a corruption case that involves South Korea's impeached president

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