Ammon News - Samsung Electronics said on Tuesday that co-CEO Han Jong-hee had died of a heart attack, leaving newly-appointed boss Jun Young-hyun solely in charge of the tech giant as it revamps its underperforming chip business and navigates trade uncertainties.

Han, 63, became chief executive officer of South Korea's biggest company in 2022 and was also in charge of its consumer electronics and mobile devices division.

Jun was appointed as Samsung's co-CEO just last week at its annual shareholders meeting following his promotion in 2024 to lead its semiconductor division, which has been lagging rivals like SK Hynix and TSMC in the global artificial intelligence chip market.

Samsung said in a stock exchange filing that Jun would be the sole CEO of the company after Han's death. Reuters