Close Menu
Stratnews GlobalStratnews Global
    Facebook X (Twitter) Instagram
    Trending
    • Researchers Identify Four Autism Subtypes, Opening Doors for Personalised Care
    • Bitcoin Soars to Record on Institutional Demand, Ether Also Rises Sharply
    • Kyiv Allocates $6.2 Million to Launch Drone Interceptor Programme Against Russian Attacks
    • Chang’e-6 Samples Reveal Moon’s Far Side Secrets and Volcanic Past
    • Airbus to Build Two PAZ-2 Radar Satellites for Spain’s Defence Ministry
    • India and Mexico Explore Industry 5.0 Synergies Following Digital Empowerment Summit 2025
    • Britain Invests €163 Million in Eutelsat to Challenge Starlink in Europe
    • A New Foreign Policy Playbook?
    Stratnews GlobalStratnews Global
    Write for Us
    Saturday, July 12
    • Space
    • Science
    • AI and Robotics
    • Industry News
    Stratnews GlobalStratnews Global
    Home » Samsung Co-CEO Han Jong-hee Dies of Heart Attack, Leaving Jun Young-hyun in Charge

    Samsung Co-CEO Han Jong-hee Dies of Heart Attack, Leaving Jun Young-hyun in Charge

    Kanika SharmaBy Kanika SharmaMarch 25, 2025 World No Comments3 Mins Read
    Han Jong-hee

    Sudden Leadership Shift at Samsung, Han Jong-hee dies of Cardiac Arrest

    Samsung Electronics announced on Tuesday that its co-CEO, Han Jong-hee, has died of a heart attack. His passing leaves newly appointed co-CEO Jun Young-hyun as the sole leader of the company. This transition comes at a critical time as Samsung works to revamp its struggling semiconductor division and navigate global trade challenges.

    Han, 63, had been with Samsung for nearly four decades, shaping the company’s global dominance in television manufacturing. He became CEO in 2022, overseeing the consumer electronics and mobile devices division.

    Challenges Ahead for Samsung

    Jun Young-hyun was appointed as Samsung’s co-CEO just last week at the company’s annual shareholder meeting. He was previously promoted in 2024 to lead the semiconductor division, which has fallen behind rivals like SK Hynix and TSMC in the artificial intelligence (AI) chip market.

    Following Han’s passing, Samsung confirmed in a stock exchange filing that Jun will serve as the company’s sole CEO. Samsung shares declined by 0.5%, mirroring broader trends in the South Korean market.

    Samsung has faced declining earnings and a weak stock performance in recent quarters. The company has struggled in advanced memory chips and contract chip manufacturing, both of which have seen high demand due to AI advancements. Additionally, Samsung lost its position as the world’s top smartphone maker to Apple.

    Han Jong-hee
    FILE PHOTO: Han Jong-hee, co-chief executive officer of Samsung Electronics Co., speaks at the company’s annual general meeting at the Suwon Convention Center in Suwon, South Korea, March 19, 2025. REUTERS

    Uncertainty in Business Strategy as Han Jong-hee Passes Away

    Han’s sudden death raises concerns about Samsung’s long-term business direction, particularly in marketing and home appliances. Analysts suggest that his absence could impact strategic decisions at a time when Samsung is facing uncertainties related to tariffs and trade disputes.

    At last week’s shareholder meeting, Han acknowledged the difficulties ahead, stating that 2025 would be a challenging year. He assured investors that Samsung would adapt to US President Donald Trump’s tariffs through its global supply chain and manufacturing operations. However, shareholders criticized the company’s failure to capitalise on the AI boom, making it one of the worst-performing tech stocks last year.

    In the semiconductor industry, Samsung lags behind SK Hynix in producing high-bandwidth memory (HBM) chips, which are essential for AI applications. Han had publicly apologised for Samsung’s inability to respond effectively to the rapidly evolving AI chip market.

    Samsung Eyes New Growth Areas

    Han was scheduled to attend a launch event for Samsung’s new home appliances on Wednesday. His passing may affect the company’s efforts to improve its home appliance division. Meanwhile, Samsung is also seeking to expand into automotive electronics to drive new revenue streams.

    Samsung chairman Jay Y. Lee is currently in China, attending the China Development Forum. Reports suggest he visited Xiaomi’s car factory in Beijing and BYD’s headquarters in Shenzhen. Samsung declined to comment on his visit.

    Lee has faced legal battles for years, following his father’s heart attack in 2014. Although he was recently cleared of charges related to his succession, prosecutors have appealed the court’s decision.

     

    With inputs from Reuters

    Author

    • Kanika Sharma
      Kanika Sharma

      View all posts
    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    Kanika Sharma
    Kanika Sharma

      Keep Reading

      Researchers Identify Four Autism Subtypes, Opening Doors for Personalised Care

      Bitcoin Soars to Record on Institutional Demand, Ether Also Rises Sharply

      Kyiv Allocates $6.2 Million to Launch Drone Interceptor Programme Against Russian Attacks

      Chang’e-6 Samples Reveal Moon’s Far Side Secrets and Volcanic Past

      Airbus to Build Two PAZ-2 Radar Satellites for Spain’s Defence Ministry

      India and Mexico Explore Industry 5.0 Synergies Following Digital Empowerment Summit 2025

      Add A Comment
      Leave A Reply Cancel Reply

      Latest Posts

      Researchers Identify Four Autism Subtypes, Opening Doors for Personalised Care

      July 11, 2025

      Bitcoin Soars to Record on Institutional Demand, Ether Also Rises Sharply

      July 11, 2025

      Kyiv Allocates $6.2 Million to Launch Drone Interceptor Programme Against Russian Attacks

      July 11, 2025

      Chang’e-6 Samples Reveal Moon’s Far Side Secrets and Volcanic Past

      July 11, 2025

      Airbus to Build Two PAZ-2 Radar Satellites for Spain’s Defence Ministry

      July 11, 2025

      India and Mexico Explore Industry 5.0 Synergies Following Digital Empowerment Summit 2025

      July 11, 2025

      Britain Invests €163 Million in Eutelsat to Challenge Starlink in Europe

      July 11, 2025

      A New Foreign Policy Playbook?

      July 10, 2025

      Linda Yaccarino Resigns as X CEO Amid Rising AI and Platform Challenges

      July 9, 2025

      Nvidia Becomes First to Reach $4 Trillion, Leading the AI Charge

      July 9, 2025

      Subscribe to News

      Get the latest sports news from NewsSite about world, sports and politics.

      • Astronomical Events
      • Space Missions
      • Industry News
      • Science
      StratNewsGlobal Tech
      Facebook X (Twitter) Instagram LinkedIn YouTube
      © 2025 StratNews Global, A unit of BharatShakti Communications LLP
      • About Us
      • Contributors
      • Copyright
      • Contact
      • Write for Us

      Type above and press Enter to search. Press Esc to cancel.