amsung Electronics announced on Tuesday that co-CEO Han Jong-hee had passed away due to a heart attack, leaving newly appointed CEO Jun Young-hyun in sole charge of the company. Han, 63, had led Samsung since 2022 and was responsible for its consumer electronics and mobile devices division.
Jun, who was appointed co-CEO just last week following his promotion to head Samsung's semiconductor division in 2024, will now take over as the sole CEO of the company. This transition comes as Samsung faces challenges in its semiconductor business, particularly in the global artificial intelligence (AI) chip market, where it lags behind competitors like SK Hynix and TSMC.
Han's sudden passing could have a significant impact on Samsung's strategy, particularly in its marketing and global business efforts. Having joined the company nearly 40 years ago, Han was instrumental in building Samsung’s TV business into a global powerhouse. Analysts note that his absence might also affect Samsung’s home appliance division, which faces ongoing challenges related to tariffs and trade tensions.
At the company's recent shareholder meeting, Han acknowledged that 2025 would be a difficult year and assured investors that Samsung would adapt to challenges posed by U.S. tariffs and the evolving global market. Samsung has struggled to capitalize on the booming AI market, leading to one of the worst-performing tech stocks of the past year. Han had apologized for the company's failure to respond adequately to the demands of the AI semiconductor market.
Han was scheduled to attend the launch event for new home appliances on Wednesday but was unable to attend due to his sudden passing. Samsung has not yet named a successor to Han's position, and the company is focused on navigating its current challenges, including a push into the automotive electronics sector to drive future growth.
In the wake of Han's death, attention has also turned to Samsung’s chairman, Jay Y. Lee, who is currently in China attending the China Development Forum. Lee has faced ongoing legal battles but was recently cleared of charges related to his succession of the family-owned conglomerate.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier di...
Iran said it has received overtures from regional mediators aimed at de-escalating the ongoing military standoff between Tehran and Washington....
Music icons Madonna, Shakira, BTS and Burna Boy performed during the FIFA World Cup final halftime show, bringing a Super Bowl-style spectacle to foot...
South Korean workers manufacturing chips for Samsung Electronics are set to vote on a pay deal that could see some of them receive $416,000 in bonuses.
Samsung Electronics and its labour union commenced high-stakes talks on Monday (18 May) in a last-ditch bid to avert what would be the biggest strike in the tech giant's history.
Negotiations between Samsung Electronics and its workforce on Wednesday have broken down, officials said, raising fresh concerns over potential disruption to South Korea’s export-heavy economy.
The first week of 2026 is packed with excitement for tech enthusiasts, as CES 2026 kicks off in Las Vegas. This year, major brands are unveiling groundbreaking products, from futuristic TVs and AI-powered gadgets to next-gen chips and innovative gaming tech.
Lionel Messi's Argentina face Spain in World Cup final with history on the line. Spain and Argentina meet on Sunday in the 2026 World Cup final, bringing together the reigning champions of Europe and South America.
At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
The United States launched fresh strikes against Iran after two U.S. service members were killed in Jordan. U.S. President Donald Trump paid tribute to the fallen troops as Iran warned of further escalation.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
Lebanese President Joseph Aoun will make his first trip to the White House this week to present a plan to U.S. President Donald Trump on how to disarm Iran-backed militant group Hezbollah and secure Israel's withdrawal from Lebanon.
Music icons Madonna, Shakira, BTS and Burna Boy performed during the FIFA World Cup final halftime show, bringing a Super Bowl-style spectacle to football's biggest stage. More than 80,000 fans at MetLife Stadium watched the landmark performance.
The Philippines and China traded accusations on Monday after their vessels clashed at the disputed Second Thomas Shoal in the South China Sea. Manila said a Philippine sailor was injured, while Beijing claimed Philippine forces started the confrontation.
Yemen's Iran-aligned Houthi movement has announced a naval blockade on Saudi Arabia, raising fears of further regional escalation and possible disruption to global energy supplies and key shipping routes.
Thailand plans to complete a 250-kilometre section of a high-speed railway linking the country with China by 2030, as Bangkok strengthens transport links and strategic ties with Beijing.
Azerbaijan has rejected suggestions it played any official role in reported private talks between former German politicians and Russian representatives in Baku, saying the meetings were organised independently.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment