Samsung Electronics co-CEO Han Jong-Hee has passed away due to cardiac arrest at the age of 63, reported Bloomberg.
Han headed Samsung’s consumer electronics and mobile devices division. Meanwhile, Jun Young-hyun, another co-CEO, manages the chip business of South Korea-based tech company.
The death of Jong-Hee comes as South Korea’s largest company faces growing competition from Chinese companies in the smartphone market, TV and other consumer electronics businesses.
Han passed away from cardiac arrest while receiving treatment at a hospital, the report said citing a company spokesperson. He also clarified that there is no decision on the successor yet. Han was appointed Vice Chairman and CEO of Samsung Electronics in 2022, and one of the company’s board members.
Han, born in 1962, started working at Samsung Electronics in 1988 in the Visual Display division. He was popularly seen as a key figure in developing the TV business of Samsung Electronics. The funeral is expected to be conducted at Samsung Medical Center in southern Seoul, with the procession on Thursday, according to a report by Korea JoongAng Daily.
