Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Electronics Co Ltd    005930   KR7005930003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Samsung Electronics : South Korea court reassigns Samsung chief's case amid questions about judge's connections

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/17/2017 | 08:37am CET
The logo of Samsung Electronics is seen in front of its building in Seoul

A South Korean court said on Friday it has reassigned Samsung Group [SAGR.UL] chief Jay Y. Lee's bribery trial to another judge, following questions about the previous judge's connection to a woman Lee is accused of bribing.

A Seoul Central District Court spokesman said the case had been reassigned following a request from judge Lee Young-hoon, who presided over the March 9 pre-trial hearing for Jay Lee and four former and current Samsung Group executives in what has been dubbed by some as the "trial of the century".

The spokesman declined to comment on the reason for the reassignment.

But the decision comes a day after an opposition lawmaker accused Lee Young-hoon's father-in-law of being a financial sponsor for Choi Soon-sil, a confidant of former president Park Geun-hye and a central figure in the graft scandal that led to Park's removal from office and the Samsung chief's indictment.

Park was dismissed as president by the Constitutional Court on Friday last week and has been summoned by prosecution for questioning as a suspect in the graft investigation.

The special prosecution team that indicted the Samsung chief accused Park of colluding with Choi to pressure big businesses to contribute to non-profit foundations backing her administration's initiatives.

The court said in a statement to Reuters on Thursday that Lee Young-hoon's father-in-law had denied the allegations and had not met or contacted Choi or her family since the assassination of Park's father, former president Park Chung-hee, in 1979.

Legal representatives for Jay Y. Lee, vice chairman and director at Samsung Electronics Co Ltd, could not be immediately reached for comment, and Samsung Electronics declined to comment.

Jay Y. Lee was indicted on Feb. 28 by a special prosecution team on several charges including pledging 43 billion won ($38.03 million) in bribes to a company and foundations backed by Choi to curry favour, and a verdict is required within three months of the indictment.

Jay Y. Lee and Samsung have denied wrongdoing.

(Reporting by Se Young Lee and Joyce Lee; Editing by Robert Birsel and Nick Macfie)

By Se Young Lee and Joyce Lee

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAMSUNG ELECTRONICS CO LTD
01:43a SAMSUNG ELECTRONICS : Expect to see the Samsung Galaxy S9 in January 2018
01:31a SAMSUNG ELECTRONICS : #BlackFriday MTN deals extended to Monday
11/23 SAMSUNG ELECTRONICS : Best Samsung Galaxy Note 8 deal will end on Monday - £29 p..
11/23 Black Friday 2017 Smartphone Deals (Samsung, Apple, Motorola, Verizon, AT&T A..
11/23 SAMSUNG ELECTRONICS : The Best Cyber Monday Best Buy Deals for 2017
11/23 SAMSUNG ELECTRONICS : The Samsung Chromebook 3 is just $149 for Black Friday
11/23 SAMSUNG ELECTRONICS : Galaxy S9 reveal date at CES 2018 may wow you even if its ..
11/23 SAMSUNG ELECTRONICS : Artificial intelligence for the Samsung Galaxy S9 has been..
11/22 NCR : Prospective franchisor beta tests dual-screen POS station
11/22 SAMSUNG ELECTRONICS : The best Samsung Galaxy S8 deals for Black Friday 2017
More news
News from SeekingAlpha
11/23 Is Taiwan Semiconductor A Buy Or A Hold?
11/23 APPLE : Firing On All Cylinders, To A Trillion And Beyond
11/22 QUALCOMM : Cut And Thrust
11/22 There Is Nothing Wrong With HP Inc.
11/22 Samsung leads NAND vendors in Q3
Financials ( KRW)
Sales 2017 241 194 B
EBIT 2017 54 531 B
Net income 2017 41 125 B
Finance 2017 60 368 B
Yield 2017 1,23%
P/E ratio 2017 9,35
P/E ratio 2018 7,86
EV / Sales 2017 1,42x
EV / Sales 2018 1,19x
Capitalization 402 792 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 3 369 885  KRW
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Hyun-Suk Kim Co-President & Co-Chief Executive Officer
Dongjin Koh Co-President & Co-Chief Executive Officer
Kinam Kim Vice Chairman, President & Co-CEO
Hee-Chan Noh Chief Financial Officer
Jae-Yong Lee Director
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG ELECTRONICS CO LTD370 569
FIH MOBILE LTD-3.25%2 433
HTC CORP--.--%1 848
FITBIT INC-11.48%1 575
MERRY ELECTRONICS CO LTD--.--%1 457
VUZIX CORP-0.74%153