Samsung
Samsung to hold 2022 annual shareholder meeting to strengthen mobile business performance
On March 16, Samsung Electronics is to hold its annual meeting of shareholders amid complaints about performance issues with its latest Galaxy phones and complaints about stock prices failing to reflect the strong earnings of the world’s top smartphone and chip makers.
The main plan at the upcoming meeting is to appoint four new board members, including Kyung Ke-Hyun, co-CEO, and Roh Tae-moon, head of chip business and head of the mobile business. The industry observers say the proposal is likely to get majority approval.
Samsung 2022’s shareholder meeting
The other major shareholders with more than 5% stake were BlackRock with 5.03% and Samsung C&T with 5.01%. Minority shareholders together accounted for 65.71%. At a time when Samsung is facing internal and external losses, shareholders are likely to call on the leadership to come forward with a response.
Some minority shareholders have also joined in voting against Rohingya for the latest scandal surrounding gaming optimizing service software installed on Samsung’s latest flagship Galaxy S22 phone, threatening to file a class lawsuit.
The software called GOS activates automatically when users are playing games and adjusts the performance of the smartphone to keep the battery longer and prevent overheating problems.
According to Geekbench, a global forum, the controversy escalated when it was discovered that the software had been converted to other resource-intensive apps, limiting the phone’s overall performance to just 53.9% of its promised performance. It measures and compares smartphone performance.
Samsung recently released a software update to fix the problem, but the nation’s antitrust watchdog has launched an investigation to see if any of Samsung’s advertising campaigns violate the advertising law.
At the annual meeting, which is a private and online event, shareholders are expected to seek answers to critical questions such as the Samsung business in Russia and the GOS scandal. Samsung, which recently suspended shipments to Russia, has been silent on its exit plans amid calls for the country to take action against the attack on Ukraine.
Samsung’s revenue from Russia is about 4 trillion won ($3.2 billion), which is less than 2 percent of its total revenue worldwide. But the region is one of the company’s strategically important markets, with Samsung’s Galaxy phones accounting for 34 percent of smartphone sales.
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Samsung Wallet is a secure app that helps Galaxy users store and manage digital items like payment methods, ID cards, and Digital Keys. Here you can check a list of Galaxy devices that support Samsung Wallet Digital Key feature.
Launched in June 2022, Samsung Wallet offers an easy-to-use interface, protected by Samsung Knox security, ensuring your information stays safe. One of the standout features of Samsung Wallet is the Digital Key, which lets you use your Galaxy phone to lock, unlock, and open your car’s trunk.
You no longer need to carry a physical key or even take your phone out of your pocket. The Digital Key works with Remote Keyless Entry (RKE) and ultra-wideband (UWB) technology to provide accurate and secure access to your vehicle.
Eligible Galaxy Devices for Samsung Wallet Digital Key
Samsung Wallet’s Digital Key is available on several Galaxy devices running Android 13 or later. These include:
Galaxy S series
- Galaxy S20 Ultra
- Galaxy S20+
- Galaxy S20
- Galaxy S21 Ultra
- Galaxy S21+
- Galaxy S21
- Galaxy S21 FE
- Galaxy S22 Ultra
- Galaxy S22+
- Galaxy S22
- Galaxy S23 Ultra
- Galaxy S23+
- Galaxy S23
- Galaxy S23 FE
- Galaxy S24 Ultra
- Galaxy S24+
- Galaxy S24
- Galaxy S24 FE
Galaxy Note series
- Galaxy Note 20 Ultra
- Galaxy Note 20
Galaxy Z series
- Galaxy Z Fold 2
- Galaxy Z Fold 3
- Galaxy Z Fold 4
- Galaxy Z Fold 5
- Galaxy Z Fold 6
- Galaxy Z Flip 5G
- Galaxy Z Flip 3
- Galaxy Z Flip 4
- Galaxy Z Flip 5
- Galaxy Z Flip 6
With these devices, you can enjoy the convenience and security of using Samsung Wallet’s Digital Key to access your vehicle.
Moreover, Samsung Wallet also makes it easy to share your Digital Key with friends or family. You can grant or revoke access to your car quickly, all through the app.
If you lose your phone, you can use Samsung’s Find service to lock or delete your Digital Key to ensure your car remains secure. To add extra protection, the app requires either biometric or PIN authentication before granting access to the Digital Key.
Samsung Galaxy S23 FE smartphone users are getting a fresh update with a November 2024 security patch. This update boosts system security and stability to provide a better experience.
November 2024 security update for Samsung Galaxy S23 FE smartphone arrives with One UI build version S711NKSU5BXK4. The update is currently rolling out in South Korea and will soon be available in more countries.
This fresh update is based on Android 14 and One UI 6. However, the devices is eligible for the next major One UI update, expected to get a One UI 7 stable update after the Galaxy S25 launch next year. It is not clear yet whether the device will get One UI 7 beta.
While Samsung is going to release One UI 7 Beta soon, it is important to make your Galaxy S23 FE smartphone ready for it. For that, you need to install the latest November 2024 security update on your smartphone.
Notably, the latest security patch addresses 52 vulnerabilities across Android and Samsung’s software. Google has resolved 38 high-priority issues, while one CVE is not relevant to Galaxy devices.
Additionally, Samsung’s patches include fixes for 13 vulnerabilities, primarily impacting user profiles, Dex Mode, Galaxy Watch, and certain system features like Settings and Maintenance Mode.
If you are using a Galaxy S23 FE smartphone, install the update now via Settings >> Software Update >> Download and Install.
Samsung has improved its Mobile Security Rewards Program by increasing the maximum reward amount to $1 million for security vulnerability reports from outside security experts. This change aims to encourage more collaboration and openness in mobile security, showing Samsung’s goal of keeping user data safe.
Since its launch in 2017, the program has introduced a new system for classifying security risks with Samsung Mobile Security Risk Classification. This system now offers clearer details about different types of vulnerabilities
Moreover, it includes new factors like the ability to lower a threat’s severity and a classification for threats considered to be minimal risks. Vulnerabilities are grouped into five levels – Critical, High, Moderate, Low, and Ineligible, which helps security researchers understand how serious each threat is.
The program applies to all Samsung mobile devices that receive monthly, quarterly, and biannual security updates. It also rewards reports of potential security issues in the latest Samsung Galaxy services, such as Bixby, Samsung Account, and Samsung Wallet, among others.
Samsung also commits to providing up to seven years of security updates for its mobile devices. The updated rewards program includes a special initiative called the Important Scenario Vulnerability Program, which addresses serious security issues, such as unauthorized access to data and harmful code execution.
In August 2024, Samsung released its first Annual Rewards Program Report to highlight its success since the program began. In 2023 alone, Samsung awarded over $800,000 to 113 researchers, with total payouts exceeding $4 million. This Mobile Security Rewards Program is effective immediately.