Samsung Electronics Co. co-Chief Govt Officer Han Jong-Hee, who’s credited for rising the Korean conglomerate into the world’s high electronics firm, has died. He was 63.
The manager died Tuesday after struggling a cardiac arrest episode earlier, a spokesperson for the corporate stated. He’s survived by his spouse and three kids. Samsung inventory dipped initially earlier than recouping losses in Seoul.
Han, an organization veteran who started his profession within the shows division greater than three many years in the past, was instrumental in displacing Japanese rivals comparable to Sony Group Corp.
“His contribution to the buyer electronics enterprise can’t be overstated,” stated Sanjeev Rana, an analyst at CLSA Securities Korea. “Beneath his management, Samsung’s TV enterprise particularly has maintained a really sturdy market place during the last 20 years.”
Han performed an “general supervisory position” on the corporate’s smartphone enterprise, Rana stated, with Samsung’s hands-on cellular division head, TM Roh, taking a number one position.
Han’s private motto was “everlasting No. 1” and he was recognized for his sturdy work ethic and dedication to beat challenges, an embodiment of Samsung’s tradition.
After being promoted to vice chairman in 2021, he led the so-called the Machine Expertise division, overseeing Samsung’s TV, dwelling home equipment and smartphone companies.
Most not too long ago, Han took cost of efforts to combine AI into most of Samsung’s merchandise in anticipation of a growth in synthetic intelligence options for on a regular basis use. Beneath his management, the corporate has put in AI chips in its fridges, washing machines and vacuum cleaners.
Throughout an interview with Bloomberg Information in January, Han emphasised Samsung’s distinctive market place as a frontrunner in not simply cellular units but additionally dwelling home equipment to speed up sensible dwelling expertise all over the world. He stated Samsung needs to higher join the half-billion units it sells annually to assist make up for missteps which have price it the lead towards huge tech rivals in areas comparable to top-end reminiscence and generative AI.
His loss of life comes at a vital juncture for the corporate. The speedy rise of Chinese language electronics manufacturers, providing aggressive options at decrease costs, is posing a big risk to Samsung’s market dominance. The Korean firm can be attempting to meet up with SK Hynix Inc. in AI reminiscence and fend off rivals from the US and China.
Final week, Han presided over Samsung’s annual shareholders’ assembly and talked about challenges going through the corporate. He advised buyers that 2025 can be a tough 12 months however the firm would pursue mergers and acquisitions to handle development issues.
Han shared management duties with Vice Chairman Jun Younger-hyun, who’s taken the helm of the corporate’s pivotal semiconductor enterprise. Han was in cost of every thing else at the huge electronics producer.
“Finally, our purpose is to create new merchandise that folks haven’t skilled earlier than,” he advised Bloomberg Information in January.
This story was initially featured on Fortune.com
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