Samsung HQ raided over insider trading suspicions in South Korea

South Korean authorities raided Samsung Electronics' headquarters on insider trading suspicions, as per local media. A search-and-seizure operation was linked to claims that employees of Rainbow Robotics, now a Samsung subsidiary, made illicit profits of $1.96 million to $2.6 million by using insider information related to Samsung's acquisition. Authorities also raided Rainbow Robotics in March.