Samsung shares rise on news of Chairman Lee Kun-hee’s death: report

SEOUL – Shares in Samsung Electronics Co Ltd and affiliates rose on Monday after the death a day earlier of Chairman Lee Kun-hee sparked hopes for restructuring and stake sales, analysts said.


Investors were betting that such measures would be needed to pay a hefty inheritance tax, estimated around 10 trillion won ($8.9 billion) for stockholdings alone, although analysts were divided on which moves were most likely.

Shares in Samsung C&T and Samsung Life Insurance rose as much as 21.2% and 15.7% respectively, while shares in Samsung BioLogics, Samsung SDS and Samsung Engineering also rose.

Stocks in this Article

“The inheritance tax is outrageous, so family members might have no choice but to sell stakes in some non-core firms” such as Samsung Life, said NH Investment Securities analyst Kim

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Hideo Kojima studio, behind ‘Death Stranding,’ says it’s making new game

  • The Japanese gaming studio led by “Metal Gear Solid” creator Hideo Kojima announced a new project this week.
  • It’s the second project since the studio became independent in 2015. Prior to that, Kojima Productions existed as a subsidiary of Japanese game publisher Konami, where Kojima created and oversaw the “Metal Gear Solid” franchise.
  • Little is known about the new game, and it’s unclear if it’s a sequel to the studio’s last title, “Death Stranding.”
  • Visit Business Insider’s homepage for more stories.

The studio behind “Death Stranding,” led by the legendary creator of the “Metal Gear” franchise, is working on a new project.

Kojima Productions announced as much in a tweet on Thursday morning. “#KojimaProductions confirms a new project is in development and is looking to hire the best-in-class talent to work out of our Tokyo studio,” it says.

The new project marks the second production from Kojima’s game studio

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Factbox: Worldwide coronavirus cases cross 39.94 million, death toll at 1,112,131

(Reuters) – More than 39.94 million people have been reported to be infected by the novel coronavirus globally and 1,112,131 have died, according to a Reuters tally.

People wearing protective face masks look over balcony in Covent Garden as the coronavirus disease (COVID-19) outbreak continues in London, Britain October 18, 2020. REUTERS/Simon Dawson

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Interactive graphic tracking global spread of coronavirus: open in an external browser.

Eikon users can click here for a case tracker.

The following table lists the top 50 countries by the number of reported cases. A complete list is available with the above links.




United States 219,355 8,134,334 6.71

India 114,031 7,494,551 0.84

Brazil 153,905 5,235,344 7.35

Russia 24,187 1,399,334 1.67

Argentina 26,267

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When ‘code rot’ becomes a matter of life or death, especially in the Internet of Things

The possibilities opened up to us by the rise of the Internet of Things (IoT) is a beautiful thing. However, not enough attention is being paid to the software that goes into the things of IoT. This can be a daunting challenge, since, unlike centralized IT infrastructure, there are, by one estimate, at least 30 billion IoT devices now in the world, and every second, 127 new IoT devices are connected to the internet.  


Photo: Joe McKendrick

Many of these devices aren’t dumb. They are increasingly growing sophisticated and intelligent in their own right, housing significant amounts of local code. The catch is that means a lot of software that needs tending. Gartner estimates that right now, 10 percent of enterprise-generated data is created and processed at the edge, and within five years, that figure will reach 75 percent. 

For sensors inside a refrigerator or washing machine, software issues mean

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The death of the internet

It’s too bad that presidential campaigns are so personal, because in truth they’re policy wars. “Who’d you rather have a beer with?” might be easier to answer than “who’s got the better approach to regulating the internet?”, but the latter is far more important.  

I mention all this because the FCC is set to finalize its repeal of “net neutrality” at the end of the month. Remember “net neutrality”? I certainly do, because of its peculiar premise not so much to address a major existing consumer harm, but to prevent one from coming into being. But even after its repeal, those harms –giving “fast lanes” to certain content and slowing others–haven’t really borne out. The only recent examples I could find were of Sprint reportedly throttling Skype in 2018, and Verizon throttling Santa Clara firefighters for what turned out to be going over their monthly data cap.  

Ben Thompson, who

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The Death of Computer Programming

Why don’t people create their own software anymore?

1) They don’t have to. They can just buy what they need.

While this is true, there are so many times when packaged software doesn’t do exactly what is needed. There are also so many kinds of useful software that could be written that will not make it onto store shelves.

2) People don’t know that they can create their own software.

In fact they may even wonder why they should bother. They don’t know what they’re missing. Programming is a much better way to spend brain cells than watching TV or surfing the web.

3) It is really hard to create software with the popular languages (Java, Perl, C++).

This is not possible to overemphasize! Why these intractable languages have become popular is beyond me. Don’t get me wrong. These languages have their place but they aren’t suitable for the average … Read More