Samsung family grabbed top four spots on S. Korea’s richest person list
After the Samsung family went through the inheritance process, the ranking of the heads of major Korean conglomerates has been significantly changed. The company’s vice chairman Lee Jae-yong has emerged as South Korea’s richest stockholder.
At the same time, Lee-Kun hee’s wife and two daughters ranked second, third and, fourth respectively, while Kakao Corp founder and chief of South Korea’s top mobile messenger operator – Kim Beom-su dropped to fifth, reports CXO Institute.
As of Friday, Lee’s stock holdings value stood at 15.62 trillion won (US$14 billion), which is the largest among 90 family members of the country’s 60 major family-controlled conglomerates and up more than 7 trillion won from a month earlier.
Lee-Kun Hee’s widow, Hong Ra-hee increased his stock market value to 11.4319 trillion, ranking second. Besides, the third and fourth largest stock market billionaires are the daughter of Lee-Kun Hee, Lee Boo-jin, the president of The Shilla Hotel, and Seo-hyun, the chairman of the Samsung Welfare Foundation, with a stock market value of 7.78 trillion and 7.21 trillion won, respectively.
The researchers pointed out that the four Samsung family members hold a stock market value of more than 42 trillion won, which is comparable to Hyundai Motor Group, ranking eighth largest firm in South Korea in terms of market value.
The fifth richest person in the South Korean stock market is Kakao’s chairman of the board of directors Kim Beom-su, with a stock market value of over 6.7106 trillion won. Hyundai Motor Group Chairman Chung Eui-sun ranks sixth with a shareholding value of 5.6 trillion won.
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Samsung has just announced the Galaxy A16 5G smartphone. This phone is making waves of excitement among users as it is the first budget smartphone to promise six years of Android updates and security patches.
If you buy the Samsung Galaxy A16 5G, you can expect software improvements until October 2030. For a phone priced under $200, this is a remarkable thing.
Now, not only Galaxy flagship users can enjoy the latest features and improvements as Samsung Galaxy A16 has been launched. 6 years of updates keep the Galaxy A16 phone secure and up-to-date with the latest features.
Most budget phones only get updates for one or two years, but Samsung is doing better by offering 6 years longer updates.
Talking about the specs, the Galaxy A16 5G features a large 6.7-inch AMOLED display with a sharp resolution of 2340 x 1080 FHD+, an octa-core Exynos 1330 processor with 4GB of RAM, 128GB of expandable storage, and 5,000mAh battery with 25W fast charging.
Moreover, the smartphone includes a triple-camera setup with a 50MP main camera, a 5MP ultrawide lens, and a 2MP macro camera. It also has a 13MP front camera for selfies.
If you’re thinking of buying a budget smartphone, the Galaxy A16 5G is a great choice.
Samsung launches Galaxy A16 5G with 90Hz OLED, 6X OS upgrades and more
Samsung and Nvidia reportedly completed the on-site inspection of the 5th-generation HBM3E. This is a significant development, but mass production still appears to be pending.
Digitimes reports that Samsung’s 5th-gen HBM3E cleared Nvidia’s on-site inspection. This inspection is viewed as a significant step forward, but mass production of the HBM is still pending.
Samsung and Nvidia continue to collaborate on the development of advanced memory technologies, which are crucial for applications in AI, gaming, and data centers.
Back in August, it was reported that Samsung’s HBM3E passed Nvidian’s tests for use in AI processors. It came as a big relief for Samsung as it has been struggling to compete with SK Hynix.
Recently, it was reported that Samsung’s chip decision is facing a slow pace of recovery growth. Despite the AI surge, the company is failing to grow faster amid intense competition.
Samsung’s One UI 8 must bring Android 16’s Advanced Protection features. Google is reportedly developing new Advanced Protection features that could debut in Android 16, which we want to arrive on Galaxy phones with One UI 8 update.
One UI 7 is based on Android 15, scheduled to enter Beta this year and Public early next year. Galaxy phones will get Android 16 update with One UI 8 update – only if Samsung keeps stuck to its current version strategy.
Google is working to develop Advanced Protection integration for Android 16. The program includes new settings and a new API that’ll allow apps to change their behavior depending on whether users have Advanced Protection enabled.
Android could add Samsung’s Auto Blocker-like features. The feature restricts apps to be installed on Galaxy phones from unauthorized sources. However, you can still sideload APKs by disabling the Auto Blocker from Privacy settings.
Android 16 could allow you to enroll in Advanced Protection through Settings. Once enrolled, you will have to keep your Google Account signed in, and the OS will not allow you to install apps from sources other than Play Store and Galaxy Store.
Mishaal discovered a new patch in the AOSP Gerrit, which refers to a “new Service for Android Advanced Protection Mode.” It will allow apps to see whether Advanced Protection is enabled on-device, and to adjust their behavior accordingly.
A comment on the patch from a Google engineer clarified that the service in question “allows users to enroll into ‘advanced protection’ via Settings, and for apps to check if the user is enrolled” using a new API.
When enabled, Android 16 could require additional authentication if you try to access certain content, like protected files or banking details. Details are unknown, but we expect to see the Advanced Protection added in the Android 16 version.