It's always high stakes for the companies, but perhaps more than ever, the launch of the Samsung Galaxy S8 on Wednesday, and the anniversary edition of the iPhone later this year, could be the most important smartphone launches ever for both companies.
Under South Korean regulations, though, Lee can meet any of his battery of attorneys without time limits and as often as he wants during business hours from Monday to Saturday.
Samsung, in a statement, said top group executives including Vice Chairman Choi Gee-sung and President Chang Choong-ki had resigned and that its affiliates would manage themselves independently through cooperation between individual firms' chief executives and the boards of directors.
A Seoul court said on Tuesday it would hold a hearing on Thursday to decide on the prosecution's request for warrants to arrest Jay Y. Lee and Samsung Electronics Co Ltd President Park Sang-jin for bribery and other charges.
The special prosecution said it would also seek an arrest warrants for Samsung Electronics Co Ltd President Park Sang-jin. It did not elaborate or say what charges it planned to bring against the two executives.
Jay Y. Lee, third-generation leader of the country's top conglomerate, said at a December parliament hearing he plans to disband the office but did not give a specific timeline. Samsung said in a statement the process of dismantling the office is already underway but did not elaborate further.
Seoul Central District Court earlier rejected the special prosecution's request for a warrant to arrest Lee, who had been held overnight, for suspected bribery, embezzlement and perjury amid a corruption scandal that led to the impeachment of President Park Geun-hye.
For the July-September period, Samsung's net income was 4.4 trillion won (USD 3.9 billion), down 17 per cent from 5.3 trillion won a year earlier.
The seat gives the scion of the founding Lee family an official leadership position at Samsung Group's flagship company and allows him to publicly weigh in on strategic decisions.
Samsung SDI Co Ltd said on Friday it will spin off its chemical business into a separate company, and sell a 90 percent stake in the company to Lotte Chemical Corp for 2.3 trillion won.
Samsung Bioepis hired Citigroup and Goldman Sachs as the lead managers for the Nasdaq listing, the person told Reuters, with Credit Suisse and Morgan Stanley also taking part in the deal.
South Korea's dominant Samsung conglomerate - run by the country's wealthiest family - secured shareholder approval on Friday for the merger of two affiliates, seeing off a formidable challenge from investor activists led by a combative US hedge fund.
Elliott, which owns 7.1 percent of Samsung C&T, sought to block a C&T shareholder vote scheduled on July 17 over a proposed all-stock takeover attempt by Cheil Industries Inc, the de facto holding company of Samsung Group.
Cheil Industries said in a statement on Tuesday that the company formed on completion of its all-stock takeover of Samsung C&T Corp would gradually increase its dividend payout ratio to 30 percent by 2020 and also consider share buybacks.
Escalating what is already a rare case of shareholder activism in South Korea, the fund put online a 27-page paper detailing why shareholders in construction firm Samsung C&T Corp should reject the all-stock takeover offer from sister company Cheil Industries Inc.
In a rare instance of investor activism in South Korea, hedge fund Elliott revealed it had built a major stake in construction firm Samsung C&T Corp and announced its opposition to Cheil Industries Inc's USD 8 billion takeover offer.
Samsung Group a sprawling corporation of dozens of affiliates including Samsung Electronics , has not announced any formal succession planning, but last week said Lee, 46, will take over as chairman of two Samsung foundations from patriarch Lee Kun-hee, 73, who remains hospitalized after a heart attack a year ago.
Samsung AMC, which manages assets worth over USD 165.8 billion and part of Samsung Group, is also looking to explore opportunities in the ETF market in India through this partnership.
The tax payment is only the latest headache for Microsoft in China, where it is already under investigation by anti-trust regulators.
The sale is expected to be completed in the first half of next year.
Samsung Group will boost investment by nearly one-fifth to a record amount this year, seeking to build new businesses and to widen its lead in technology sectors such as display screens, South Korea's largest business group said on Wednesday.