The world’s largest maker of smartphones projected a 35% year-over-year fall in fourth-quarter operating profit on Tuesday amid weak demand for consumer electronics, which has been crimped by high inflation.
During Friday s hearing at Seoul Central District Court, prosecutors accused Jay Y Lee, 55, and other former executives of violating the Capital Markets Act to make possible the 2015 merger that helped Lee assume greater control of the group s flagship Samsung Electronics.
Samsung’s Jay Y. Lee and Tesla’s CEO Elon Musk’s meeting was the first between the heads of the South Korean chip giant and the US electric-vehicle maker…