Samsung Navigates Leadership Shakeup Amid Tech Challenges

Samsung Electronics faces a leadership transition following the death of co-CEO Han Jong-hee from a heart attack. This shift leaves Jun Young-hyun as the sole CEO during a critical time for the company, which is grappling with underperformance in its chip division and increased trade tensions.

Samsung Electronics has been thrust into a leadership transition following the unexpected death of co-CEO Han Jong-hee due to a heart attack. The decision now places newly-appointed Jun Young-hyun as the sole CEO as the company strives to address challenges within its underperforming chip division and global trade uncertainties.

Jun's recent promotion, taking effect after a shareholder meeting just a week prior, positions him at the helm amidst competitive pressures from SK Hynix and TSMC in the AI chip sector. Despite past successes in consumer electronics, Samsung has struggled with lagging earnings and a falling share price, particularly in areas like high bandwidth memory chips and contract chip manufacturing.

The passing of Han, a key player behind Samsung's globally influential television business, raises concerns about future business strategies, especially in marketing and home appliance performance. With 2025 predicted to be challenging, Samsung must navigate tariffs and trade issues while also eyeing expansion in automotive electronics for growth.

(With inputs from agencies.)