Samsung Electronics Mourns Loss of Co-CEO Han Jong-hee Amid Industry Challenges

Samsung Electronics' Co-CEO Han Jong-hee has passed away at the age of 63 due to cardiac arrest. Known for his leadership in consumer electronics, Han played a pivotal role at Samsung for nearly 40 years. His passing comes as the company faces financial challenges and competitive pressures.

South Korean tech leader Samsung Electronics mourns the loss of its Co-CEO Han Jong-hee, who died at 63 from cardiac arrest. Han led the company's consumer electronics and mobile devices segment, contributing nearly 40 years to Samsung.

Han's death occurs as Samsung grapples with stagnant earnings and falling stock prices, struggling against competitors in the advanced memory chip sector. Despite recent setbacks in maintaining its smartphone market leadership, Han maintained his commitment to the firm till the end.

His passing comes on the cusp of a major Samsung launch event he was set to attend. The company now faces the challenge of appointing a successor who can navigate the current semiconductor market and recover Samsung's competitive edge in an AI-driven industry.

(With inputs from agencies.)