South Korean conglomerate Samsung has lost its sparkle. One corruption scandal after another have rocked the company. Its revenues still make up almost a fifth of the country's GDP.
Germany's industrial giants have been reluctant to invest in the costly production of electric car battery cells until now. Will a €1 billion government grant be enough to recover time lost to China and South Korea?
The high-profile arrests for abuse and corruption come as Prime Minister Abiy Ahmed implements reforms. The attorney general also accused intelligence figures of an assassination attempt against the new prime minister.
South Korea's Samsung Group has announced its investment plans for the next three years. As the company has hit a wall in the market for its smartphones, it's focusing on areas more likely to create future growth.
Former South Korean President Lee Myung-bak has been given a 15-year jail sentence and a fine over a series of corruption charges, including bribery. He is the fourth ex-South Korean president to land in prison.
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