Samsung Electronics has confirmed the passing of its co-CEO, Han Jong-hee, at the age of 63.
Han passed away at a hospital while receiving treatment for cardiac arrest.
He joined the company in 1988.
Samsung Electronics has confirmed the passing of its co-CEO, Han Jong-hee, at the age of 63. Han played a key role in the company’s consumer electronics and mobile devices division. He joined the company in 1988 after earning a bachelor’s degree in electrical engineering from Inha University. Over the years, he climbed the ranks, making significant contributions to Samsung’s success.
From 2011 to 2013, Han led the Product R&D Team in Samsung’s Visual Display Business. Later, in 2017, he became the head of the Visual Display Business. Samsung then appointed him as Vice Chairman and CEO in 2021. Since then, he had been overseeing the company’s consumer electronics and mobile devices, while his fellow co-CEO, Jun Young-hyun, managed the semiconductor division.
As of now, Samsung has not announced who will take over Han’s position.
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Han Jong-hee’s cause of death
Han passed away at a hospital while receiving treatment for cardiac arrest, according to a company spokesperson, as reported by Reuters. However, further details about his passing have not been disclosed.
Han Jong-hee’s net worth and salary
According to analyticsinsight.net, Han Jong-hee’s estimated net worth was around $971,291 as of November 30, 2024. Citing data from Simply Wall St, the report also mentions that his annual compensation package was ₩6.90 billion (approximately $4.83 million). However, these figures cannot be independently verified at this time.
Han Jong-hee’s passing marks a significant loss for Samsung and the tech industry as a whole.
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Meanwhile, he chaired Samsung’s shareholder meeting last week, where he and other executives faced tough questions from shareholders regarding the company’s failure to capitalize on the AI boom, which contributed to its underperformance in the tech sector last year.
“First and foremost, I sincerely apologise for the recent stock performance not meeting your expectations. Over the past year, our company failed to adequately respond to the rapidly evolving AI semiconductor market,” Han said.
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Ayushi Jain
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