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Masayoshi Son lost $3.9 billion as SoftBank shares tumbled 11%, leading $18 billion in losses among Asia’s tech billionaires amid a global AI selloff.
Samsung matriarch and art collector Hong Ra-hee received a South Korean state medal for more than 40 years of giving to culture and health care.
South Korean billionaire Lee Jae-yong is set to receive $1.9 billion in Samsung Electronics shares from his mother, increasing his direct stake to 1.75%.
The long-term success of Samsung Pay is driven by strong partnerships.