Samsung raided over alleged insider trading, investigation involves personnel from subsidiary Rainbow Robotics
South Korean prosecutors have raided Samsung Electronics' headquarters as part of an investigation into alleged insider trading by personnel at its subsidiary, Rainbow Robotics. The individuals are suspected of illegally profiting approximately 3 to 4 billion Korean won by using non-public information during Samsung's acquisition of the company between 2022 and 2024. Financial regulators have transferred 16 individuals, including the president and CFO of Rainbow Robotics, to the prosecution. AI