• Samsung Electronics CEO Kwon announces shock resignation as profits surge

    11 days ago - By Reuters

    SEOUL - Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery.
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  • Samsung poised to rake in record profits despite leadership crisis

    Samsung poised to rake in record profits despite leadership crisis

    11 days ago - By CBR

    Samsung is set to smash its profit record and market expectations with a 14.5 trillion won prediction for the third quarter, driven by a surge of Galaxy Note 8 and chip business success.
    The record would be successive as the company set its standing 14.07 trillion won profit record in the second quarter of this year, indicating a dauntless upward trajectory for the business.
    Fuelling this continuous success, the Samsung chip business is supplying the rise in IoT devices, in addition to providing chips for servers and smartphones.
    Momentum has been gained following the release of the...
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  • Samsung Electronics loses its CEO on the same day that another record quarter is forecasted

    11 days ago - By Pocketnow

    Samsung Electronics might be making crazy amounts of money right now, but an "unprecedented crisis inside out" continues to shake up its management.
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