Lee Kun-hee’s stakes in Samsung and affiliates divided among his family
On October 25, 2020, Lee Kun-hee. the man who transformed Samsung into the world’s largest consumer product maker, specifically into smartphones, televisions, and memory chips maker, passed away at the age of 78.
Earlier today, the company’s C&T decision submitted a document to the regulatory authorities, which shows that after Samsung VC Jay Y. Lee’s inherited the shares of his father Lee Kun-hee, Lee Kun-hee Jae yong’s shareholding in Samsung Electronics has doubled to 1.63%, reports Reuters.
Previously Lee held 0.7% of Samsung Electronics, but after inheriting Lee Kun-hee’s legacy, his share of the company has increased to 1.63%. At the same time, Li Jianxi’s wife Hong Ra-hee’s shareholding increased to 2.3%, and his two daughters each received 0.93% of the shares.
However, the industry has been speculating in the previous months that how Lee Kun-hee’s shares in Samsung will be distributed among his heirs. This week, his family announced a long-awaited plan by the industry, which will pay around $11 billion in one of the largest inheritance taxes in history and donate 1 trillion won for use in medical facilities.
Lee Kun-hee owns 249,273,200 common shares (4.18%) and 619,900 preferred shares (0.08%) of Samsung Electronics, 41519180 shares (20.76%) of Samsung Life Insurance, 5425733 shares (2.88%) of Samsung C&T, and 9701 shares (0.01%) of Samsung SDS. The total value of all these stocks is approximately 24 trillion won.
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Google Play Store is rolling out a significant update regarding the app and in-app payment. Android’s native app market has a vast range of applications and games for free. However, there’s a paid app category as well, which users found worth buying as per their preference.
According to the info, the Google Play Store has added a button that lets you create a payment link while purchasing an app or in-app item. You can use this link to ask someone else for payment on your behalf. It’s starting to roll out in India, with expansion expected gradually.
The user who taps the button is warned that the person who’s paying has to know their full email address, and can see the item that’s being purchased. Notably, app developers don’t have to do any additional work to support Google Play’s new “ask someone else to pay for this item” button.
A system share sheet will be displayed to share the payment link through a range of apps and services. Once generated, the payment link will be valid for 24 hours. The payer will have to make successful payments within 24 hours to buy an app or in-app stuff for the sender.
Samsung will be releasing its Galaxy Ring device in July this year. Potential consumers may have been concerned about picking their ideal size. Well, Samsung will likely offer a Sizing Kit that will be delivered before the Galaxy Ring so you can pick the size.
Earlier this year, Samsung unveiled the Galaxy Ring at Mobile World Congress. As the formal release is scheduled for July, the company is already working on consumer convenience. As everyone doesn’t know their ideal ring size, Samsung prepared a pretty interesting hack.
Leaker EvanBlass revealed that Samsung would ship a Galaxy Ring Sizing Kit to potential buyers. If you are interested in purchasing a Galaxy Ring and unsure about the ring size, you will get a Sizing Kit upon ordering the Galaxy Ring and choosing the “I don’t know my size” option.
Once done, you will receive sample rings, letting you find the best size for your preferred finger. Later, you can pick the preferred size and confirm the order to get the Galaxy Ring delivered. It is expected that the Ring will be available in a total of 9 different sizes.
Image: Evan Blass
Samsung might launch Galaxy Z Flip 6 Slim and Galaxy Z Fold 6 Slip GalaxyClub reports. While the company is marching towards its July Unpacked, rumors about new Slim models are surfacing now.
RossYoung hints that Samsung might introduce a Galaxy Z Fold 6 Slim. It could have a larger display than the regular phone and lack S Pen support. This variant could hit the market later this year in the fourth quarter.
The Z Fold 6 Slim is model-numbered Q6 Slim, while there’s also a B6 Slim. B6 is the model number of the upcoming Z Flip 6, with Slim also expected. These rumors point out that the affordable foldables might be Slim.
Hearing about a Samsung Fold 6 Slim, Q4'24, bigger display than the Fold 6. Price probably similar to the Fold 6. No pen input.
— Ross Young (@DSCCRoss) May 23, 2024
At present, we don’t have any idea of the specifications of the Slim foldables. Earlier, it was reported that Samsung was heavily shocked by the reduced thickness of foldable phones released by Chinese vendors specifically Huawei.
It looks like the Korean tech giant has decided to trim some key specs in order to make foldables thinner. Those who want pro-grade specs would have option to go for strategic models, while Slim variants would extend the choice.