Han Jong-hee Dies of Heart Attack, Leaving Samsung Leadership in Transition

Portfolio - People | Mar 26, 2025 | Business Cloud

Han Jong-hee Dies of Heart Attack, Leaving Samsung Leadership in Transition

Han Jong-hee, one of Samsung Electronics' co-CEOs, has passed away at age 63 following a heart attack. Han, a stalwart figure in Samsung who joined the company four decades ago, played crucial roles, particularly in the visual display R&D business and later as the chief executive for consumer electronics and mobile devices. In 2022, he became one of four executive directors on Samsung's board and shouldered the responsibility of navigating the company through evolving technological landscapes. Only recently, Han apologized to shareholders for Samsung's tepid response to the burgeoning AI semiconductor market, which had adversely affected stock performance. Samsung faces additional challenges with Apple surpassing it in smartphone sales and grappling with U.S. tariffs on Mexican-produced goods due to trade conflicts initiated by President Trump. In the wake of Han's passing, Jun Young-hyun, the recently appointed co-CEO, assumes full leadership responsibilities at Samsung.

Sectors

  • Consumer Electronics
  • Semiconductors

Geography

  • South Korea – Samsung Electronics is based in South Korea, where it is the largest company and plays a crucial role in the national economy.
  • United States – Samsung faces 25% tariffs on products shipped from its production base in Mexico to the U.S., as a result of trade policy led by previous administrations.

Industry

  • Consumer Electronics – Samsung is a major player in the consumer electronics industry, producing items such as smartphones, TVs, and home appliances.
  • Semiconductors – A significant segment of Samsung's business involves semiconductor manufacturing, an area currently facing challenges in adapting to AI market developments.

Financials

    Participants

    NameRoleTypeDescription
    Han Jong-heeCo-CEOPeopleA veteran executive at Samsung, overseeing the consumer electronics and mobile division.
    Samsung ElectronicsCompanyCompanyA multinational conglomerate known for its diverse range of electronics and semiconductor products.
    Jun Young-hyunCo-CEOPeopleRecently appointed co-CEO, now solely in charge of the company, particularly its semiconductor division.
    AppleCompetitorCompanyA leading technology company that surpassed Samsung in smartphone sales.