Samsung Group is a South Korean multinational conglomerate company headquartered in Samsung Town, Seoul. It is the largest South Korean chaebol. Key subsidiaries include Samsung Electronics, Samsung Heavy Industries, Samsung Engineering and Samsung C&T.
Briefs, November 30, 2012
Samsung to pay up for scrimping on bonuses
SEOUL - A South Korean court has ordered Samsung Electronics to pay millions of dollars to a former employee who developed key technologies for the firm's lucrative television business, an official said. The ex-worker, surnamed Chung, had filed a suit against Samsung accusing it of scrimping on bonus payments after he had developed some 20 technologies - later patented - for the firm's television business from 1991 to 1995. Seoul Central District Court ordered Samsung to pay him about six billion won (HK$42.8 million), a court spokesman said. AFP
PM says opposition win would hurt economy
KUALA LUMPUR - Malaysia's leader warned voters their country risks economic collapse if the opposition wins national elections that must be held by mid-2013. Prime Minister Najib Razak opened his ruling party's annual congress with a forceful speech urging supporters to brace for one of Malaysia's most intensely fought elections. Najib's United Malays National Organisation wants to reverse setbacks from 2008 polls in the ruling coalition's worst performance in more than five decades of rule. AP
Ishihara pick leading field in Tokyo election
TOKYO - The race to elect a successor to colourful and controversial Tokyo governor Shintaro Ishihara kicked off with his handpicked nominee expected to cruise to victory. Ishihara, a right-wing firebrand who is widely blamed for exacerbating Japan's territorial row with China, abruptly resigned to lead a new political party in a December 16 general election that coincides with the city poll. His chosen successor, deputy governor Naoki Inose, 66, a prize-winning author like Ishihara, has a commanding lead among the nine candidates, analysts say. AFP