Samsung securities CEO Koo Sung-hoon resigns
Image Credit: theinvestor.co.k
The unveiling of a stock blunder of $105bn by South Korea's financial regulators made way for the resignation of Samsung securities CEO and firm penalised for $129k. Earlier in April, Instead of issuing 1k won (93 US cents) per share personnel issued 2.8 bin shares to 2k employees and this error and fraud caused a penalty of $27k to a firm. The replacement of CEO will lead to lesser losses and will prove to be best, the firm stated.