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.
European stock markets closed Monday with gains as investors focused on a confidence vote in the French parliament....
Violent clashes broke out on Monday in Nepal between police and protesters demonstrating against a social media ban and alleged corruption....
On Monday (8 September), two Palestinian gunmen opened fire at a bus stop on the outskirts of Jerusalem. Police described the incident as a “terrori...
Kazakh President Kassym-Jomart Tokayev has proposed the creation of a unicameral parliament in the country. Speaking to the nation on Monday at the pa...
A new European Union law coming into effect on June 20 mandates smartphone makers to provide five years of software updates, energy labels, and improved repairability—setting new standards that may reshape the global smartphone industry.
Samsung says its TV business will be less affected by new U.S. tariffs, as most North American units are made in Mexico—shielded from recent trade levies. The company plans to adapt global output to navigate ongoing tariff shifts.
Samsung has appointed Roh Tae-moon as interim head of its consumer and smartphone unit following the passing of Han Jong-hee. With CEO Jun Young-hyun now solely leading the company, Samsung faces key challenges in its chip business and rising competition.
Samsung vows a comeback with bold M&A plans as shareholder pressure mounts. Admitting missteps in AI and chip tech, executives pledge a turnaround by 2025. With a $7.2B buyback and a push for acquisitions, the tech giant aims to reclaim its lost edge.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Violent clashes broke out on Monday in Nepal between police and protesters demonstrating against a social media ban and alleged corruption.
On Monday (8 September), two Palestinian gunmen opened fire at a bus stop on the outskirts of Jerusalem. Police described the incident as a “terrorist attack,” reporting that six people were killed and several others injured.
Kazakh President Kassym-Jomart Tokayev has proposed the creation of a unicameral parliament in the country. Speaking to the nation on Monday at the parliament in Astana, he said the reform would have a “serious positive impact” on the country’s socio-economic development.
U.S. defence secretary Pete Hegseth and joint chiefs of staff chairman Dan Caine made a surprise visit to Puerto Rico on Monday, marking the first trip by senior Pentagon officials since Washington increased its military presence in the Caribbean, heightening tensions with Venezuela.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment