Han Jong-hee, Samsung's co-CEO, died at 63 from cardiac arrest, remembered for transforming Samsung's consumer electronics, especially in TVs. He played a key role in establishing Samsung as a global leader in television manufacturing by 2006. Han joined Samsung in 1988, rising to co-CEO by 2022. He was addressing issues of stock performance in a recent analyst call, where he expressed apologies for the company's financial struggles amid significant competition and market challenges, marking a turbulent period for the company.
"First and foremost, I sincerely apologize for the recent stock performance not meeting your expectations. Over the past year, our company failed to adequately respond to the rapidly changing market conditions."
"Chairman Lee Jae-yong expressed his deep regret over being unable to attend the memorial ceremony in person due to his schedule in China. He extends his heartfelt condolences and sympathy to the bereaved family."
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