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Samsung office raided over alleged insider trading tied to takeover of robotics firm

Samsung office raided over alleged insider trading tied to takeover of robotics firm

Prosecutors conducted a search-and-seizure operation at Samsung Electronics Co.'s headquarters in Suwon, south of Seoul, on Thursday. This action stems from allegations that employees of a local robotics company profited unfairly by using insider information during its acquisition by the tech giant. The Seoul Southern District Prosecutors Office is leading the investigation, which has already seen financial authorities refer 16 individuals for scrutiny, including the head of the robotics firm. The inquiry aims to uncover potential misconduct related to the acquisition process and ensure accountability within the involved parties.

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The Korea Herald
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The Korea Herald - Editor

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