Samsung Electronics CEO Steps Down

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Published on October 13, 2017 by fahmidah

The CEO of Samsung Electronics Kwon Oh-Hyun resigned Friday, saying the South Korean tech giant was facing an “unprecedented crisis”, even as it expected profits to hit an all-time high in the third quarter.

Kwon´s resignation comes as the company struggles to overcome a bribery scandal that sent Lee Jae-Yong, its de-facto head and heir to the Samsung empire, to jail.

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