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Kwon Oh-Hyun, co-vice chairman and chief executive officer of Samsung, will retire from company management in 2018. Kwon serves as a co-vice chairman of Samsung Electronics with Jay Y. Lee, heir to the family that owns the giant Samsung conglomerate. Lee was sentenced to five years in prison after being convicted in August of bribing South Korea's former president to help him increase his power over the company. Kwon, who oversaw the growth of Samsung's component business which now generates much of the firm's profits, said he's stepping down despite managing a robust recovery recently. The electronics giant said earlier Thursday it expects to record a third-quarter operating profit of 14.5 trillion won ($12.8 billion), nearly triple from the year-ago period, thanks largely to continued strong demand for memory chips.

Kwon, 64, has served as a vice chairman at Samsung Electronics since 2012, His resignation will take effect at the end of his board term in March 2018, "I want my resignation to be an opportunity for a higher level of challenge and innovation and to overcome this difficult situation," Kwon said in the statement, Solving for XX: The industry seeks to overcome outdated ideas about "women in tech."Special Reports: All of CNET's most in-depth features in one easy olixar meshtex iphone 7 plus case - marine blue reviews spot, The co-vice chairman will leave company management next year, amid an "unprecedented crisis."Samsung Electronics said Friday its CEO and Vice Chairman Kwon Oh-hyun would step down from management after three decades with the company amid a corruption scandal involving its de facto chief..

The company's bottom line also likely benefited from continued strong global demand for memory chips and the sales of organic light-emitting diode (OLED) screens to other smartphone makers, such as rival Apple. Special Reports: All of CNET's most in-depth features in one easy spot. It's Complicated: This is dating in the age of apps. Having fun yet? These stories get to the heart of the matter. The electronics giant expects operating profit to increase 178 percent from a year ago when it was grappling with its Note 7 disaster.

Samsung appears to have bounced back from its Galaxy Note 7 disaster -- in a big way, The olixar meshtex iphone 7 plus case - marine blue reviews South Korea electronics giant said it expects to record its biggest operating profit ever in the third quarter, thanks largely to continued strong demand for memory chips, The company said its operating profit will come in at around 14.5 trillion won ($12.8 billion), nearly tripling (178 percent) from the year-ago period when it was suffering the fallout from its Note 7 recall, Be respectful, keep it civil and stay on topic, We delete comments that violate our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..

Pokemon Go was reportedly exploited by Russian agents trying to interfere with the US election. The effort was allegedly centered on a campaign called "Don't Shoot Us," an apparent reference "Hands Up, Don't Shoot," a mantra in widespread use after the shooting of Michael Brown. The campaign is said to be tied to agents in Russia, and it reportedly used social media services like Facebook and Twitter to try to exploit racial tensions in the US. But there was one surprise target: Pokemon Go. In playing Pokemon Go, people go to real-world locations to find and train digital monsters, which appear on their phone screens against the landscape picked up by the phones' cameras.