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Asia Pacific

Money Talks: Samsung CEO resigns despite record earnings forecast

The chief executive of Samsung's booming chip business says he is stepping down. Kwon Oh-hyun cited an unprecedented crisis at the conglomerate. Kwon had been expected to take on a bigger role at Samsung. The jailing of the heir to the Samsung empire, Lee Jae-yong, for bribing South Korea's former president, had left a power vacuum. The timing of Kwon's departure also raised eyebrows: It came on the day Samsung said it's expecting to make a record third-quarter profits. Subscribe: http://trt.world/subscribe Livestream: http://trt.world/ytlive Facebook: http://trt.world/facebook Twitter: http://trt.world/twitter Instagram: http://trt.world/instagram Visit our website: http://trt.world