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Samsung Electronics has confirmed the sad news of co-CEO Han Jong-hee’s passing at the age of 63. Han was an integral figure in the company’s consumer electronics and mobile division, making significant strides since he joined the organization in 1988 after graduating with a degree in electrical engineering from Inha University. His relentless dedication and innovative mindset helped him ascend through various roles, ultimately culminating in a leadership position that greatly impacted Samsung’s trajectory.
From 2011 to 2013, Han led the Product R&D Team in Samsung’s Visual Display Business, where he established a reputation for fostering innovation. In 2017, he was appointed as the head of the Visual Display Business, steering it forward with fresh ideas and strategies. By 2021, Han’s contributions were recognized with his promotion to Vice Chairman and CEO, making him responsible for overseeing the consumer electronics and mobile devices sectors, while his co-CEO, Jun Young-hyun, supervised the semiconductor business.
As of now, Samsung has not yet revealed who will succeed Han in his vital role, leading to a sense of uncertainty within the company’s upper management.
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According to reports from Reuters, Han Jong-hee passed away while receiving treatment for cardiac arrest at a hospital, as confirmed by a spokesperson from Samsung. While his death has been publicly acknowledged, further personal details regarding his passing have not yet been disclosed.
As reported by analyticsinsight.net, Han Jong-hee’s net worth was estimated to be around $971,291 as of November 30, 2024. This figure is complemented by data from Simply Wall St, suggesting that his annual salary was approximately ₩6.90 billion, which converts to about $4.83 million. However, external verification of these figures is currently unavailable.
The sudden death of Han Jong-hee is a profound loss not only for Samsung but for the entire technology sector. His vision and leadership are irreplaceable assets that drove progressive changes within the company.
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In the week preceding his death, Han chaired a critical shareholder meeting, during which he and fellow executives faced pointed inquiries regarding the company’s inability to capitalize on the burgeoning AI market. Those questions came in light of Samsung’s lackluster performance in the tech industry last year. Han openly acknowledged the company’s shortcomings, stating, “First and foremost, I sincerely apologize 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.”
