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CEO of Samsung Electronics resigns

South Korea-based technology giant Samsung Electronics 39; in CEO 39; Su Kwon Oh-hyun resigned.

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CEO of Samsung Electronics resigns
Kwon Oh-hyun (right)

Samsung's vice-president and heir Lee Jae-yong, after being arrested under an investigation into corruption and political penetration scandal that led to dismissal of state President Park Geun-hye's powers, is a major role in company Kwon Oh-Hyun has resigned.

Samsung Electronics CEO and Vice President Kwon Oh-Hyun announced decision to resign from administration.  Kwon said it was time for a new leader to take over task, saying, "I believe that a young leadership will better respond to challenges," he said.

South Korea Centrki technology giant Samsung expects a record drop in last quarter figures. The news in country's media is also showing reason for resignation.

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