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.