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Han Jong-hee, co-CEO of Samsung Electronics, passed away on March 25 at the age of 63 due to cardiac arrest. His death was confirmed by a company spokesperson, who stated that he was hospitalized at the time. Han led Samsung’s consumer electronics and mobile devices division, while co-CEO Jun Young-hyun managed their chip business.
Having joined Samsung nearly 40 years ago, Han had a significant impact on the company, especially in the TV sector. He became vice-chair and CEO in 2022. Recently, however, the company has struggled with declining earnings and market share, particularly in advanced memory chips and smartphone sales, currently trailing behind competitors like Apple. According to reports, shareholders expressed concerns over Samsung's performance during a recent meeting, especially in light of the booming demand for AI-related products.
Han was expected to participate in Samsung's upcoming launch event for new home appliances the day after his passing. A successor for his position has not been announced.