Samsung CEO resigns

Kwon Oh-Hyun, the  CEO of Samsung Electronics resigned Friday, saying the South Korean tech giant was facing an “unprecedented crisis”, even as it flagged record third-quarter profits.

His 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.

“As we are confronted with unprecedented…

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