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Samsung Electronics confirmed the sudden death of its co-chief executive officer Han Jong-hee on March 25, 2025, after he suffered a cardiac arrest while receiving treatment at a hospital. Han, 63, had been an influential figure at the company for nearly 40 years, significantly expanding its global television business and steering its consumer electronics and mobile divisions since becoming co-CEO in 2022 . Following his passing, newly-appointed Jun Young-hyun becomes the sole CEO, having been promoted last week at the annual shareholders meeting after previously leading the semiconductor division from 2024.
The leadership transition comes at a challenging time for Samsung as it works to revitalize its underperforming chip business, which has been grappling with stiff competition from rivals such as SK Hynix and TSMC and navigating uncertainties related to global trade dynamics. The market reacted with a modest 0.5% decline in Samsung’s shares, mirroring broader trends in the South Korean market.
