Kwon Oh-Hyun

Samsung's CEO Resigned

Published by Novinite on Fri, 10/13/2017 - 12:28

Samsung CEO Kwon Oh-hyun resigned, the reason he said was that the South Korean giant was facing an "unprecedented crisis," the BBC reported.

Kwon's resignation came after Samsung Electronics's profit is expected to grow by 26.65% in the third quarter.

The company is also trying to overcome the corruption scandal that sent the company chief to jail.

Jailed Samsung heir appeals against conviction

Published by Hurriyet on Mon, 08/28/2017 - 14:32

Samsung Electronics Vice Chairman Jay Y. Lee has filed an appeal against the five-year jail term he was given for bribery and other charges through his lawyer, according to the Seoul Central District Court's website on Aug. 28.

The website did not give any details about the appeal,  which will be assigned to a higher court.