Han Jong-hee, the CEO and Vice Chairman of Samsung Electronics, passed away from a heart attack while receiving treatment in the hospital.

Under Han's leadership, Samsung faced challenges with weak earnings and declining share prices, particularly in the competitive smartphone and semiconductor markets.

His death was confirmed on March 24, 2025, raising concerns about the company's leadership during a critical time in the technology sector.

Just a week before his passing, Han addressed shareholders, acknowledging the company's struggles in adapting to the AI semiconductor market.

It remains unclear whether Samsung will appoint another CEO in the future, as no successor has been designated yet.

Han had emphasized the company's intention to pursue meaningful mergers and acquisitions despite regulatory challenges, aiming for tangible results in 2025.

His death comes at a time when Samsung is contending with increased competition from Chinese rivals in the smartphone and consumer electronics sectors.

Samsung expressed deep condolences to Han's family, highlighting his significant contributions to the company's success.

Han is survived by his wife and three children, and a funeral is scheduled for Thursday.

Despite the uncertainty surrounding Han's passing, Samsung's shares remained stable in morning trade following the announcement.

A launch event for new home appliances is scheduled for March 26, 2025, where Samsung may announce succession plans.

Under his leadership, Samsung maintained a strong position in the semiconductor and smartphone markets, competing against major companies like Apple and Nvidia.