In a shocking development, South Korean tech giant Samsung Electronics announced the sudden demise of its Co-CEO Han Jong-hee. The 63-year-old executive passed away due to a heart attack while undergoing treatment at a hospital, according to a company spokesperson. Samsung has yet to announce his successor.
Who Was Han Jong-hee?
Han Jong-hee was a veteran with over three decades of experience at Samsung, having started his career in the company’s display division. He was appointed Co-CEO just three years ago and played a pivotal role in transforming Samsung into a global leader in the TV industry, surpassing Japanese rivals like Sony Group Corp.
Han also led Samsung’s Consumer Electronics and Mobile Device division, which competes directly with Apple’s iPhones. Recently, he spearheaded efforts to integrate Artificial Intelligence (AI) into Samsung’s Galaxy devices.
AI Integration and Leadership Vision
Under Han’s leadership, Samsung began incorporating AI chips into home appliances such as refrigerators, washing machines, and vacuum cleaners, marking a significant shift toward smart home technology.
His passing comes at a crucial time when Samsung faces stiff competition from SK Hynix Inc. in the AI memory segment and is grappling with weak demand in the consumer electronics market.
Just last week, Han addressed shareholders at Samsung’s annual general meeting, warning that 2025 could be a challenging year. He highlighted plans for mergers and acquisitions to drive future growth.
Shared Leadership at Samsung
Han Jong-hee had been leading the company alongside Co-CEO Jun Young-hyun, who oversees Samsung’s semiconductor business. Han was responsible for all other business sectors within the company.
His sudden death leaves a major void in Samsung’s leadership as the tech giant prepares to navigate a tough year ahead in the global market.
samsung Co-CEO Han Jong-hee net worth
As of February 27, 2025, Han Jong-Hee, the late co-CEO and Vice Chairman of Samsung Electronics, had an estimated net worth of approximately $931,369. In September 2024, he purchased 10,000 shares of Samsung Electronics, valued at around 739 million won (approximately $555,600), bringing his total holdings to 25,000 shares. His annual compensation was reported at $3,709,722. It’s important to note that net worth estimates can vary based on the inclusion of assets, liabilities, and other financial factors.