Samsung Electronics’ co-CEO, Han Jong-Hee dies at 63

According to a Bloomberg report, the company’s spokesperson confirmed on Tuesday that Han suffered a cardiac arrest earlier in the day.

Han, who played a key role in making Samsung the world’s top electronics company, is survived by his wife and three children.

Following the news, Samsung’s stock initially dipped but later recouped losses in Seoul trading.

Han Jong-Hee was a seasoned executive whose career at Samsung spanned over 30 years. He started in the displays division, where he was instrumental in advancing Samsung’s technology and market position.

“His contribution to the consumer electronics business cannot be overstated. Under his leadership, Samsung’s TV business especially has maintained a very strong market position over the last two decades,” Rana stated.

Recently, Han spearheaded Samsung’s artificial intelligence (AI) initiatives, pushing for the integration of AI chips into home appliances such as refrigerators, washing machines, and vacuum cleaners.

In a January interview with Bloomberg News, Han emphasized Samsung’s commitment to innovation, aiming to create products with entirely new experiences for consumers.

“Ultimately, our goal is to create new products that people haven’t experienced before.”  

He highlighted Samsung’s position as a leader in both mobile devices and home appliances and its strategy to connect the half-billion devices it sells annually to advance smart home technology.

Han’s death comes at a pivotal moment for Samsung as it faces increasing competition from Chinese electronics brands offering high-tech features at lower costs.

Han shared leadership responsibilities with Vice Chairman Jun Young-hyun, who leads Samsung’s semiconductor business.