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Samsung Electronics CEO resigns

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Citing an "unprecedented crisis," Samsung Electronics CEO Kwon Oh-hyun resigned.

His move follows the heir of the entire Samsung Group being imprisoned in August for corruption.

"As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company [to] start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry," he said in a statement.

Read more from BBC News.

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