Han Jong-Hee, Co-CEO of Samsung, Dies at 63
SEOUL, South Korea — Han Jong-Hee, a senior Samsung Electronics executive credited with elevating the company’s television business, died Tuesday, the company said. He was 63.
Han, a co-chief executive who oversaw the company’s consumer electronics and mobile devices businesses, died at a hospital after being treated for cardiac arrest, Samsung said.
Han joined Samsung in 1988 and spent most of his career in TV-related divisions, during which the company became the world’s leading TV manufacturer. He was appointed co-vice chairman and CEO in 2022.
Samsung, one of the world’s largest technology companies, has dual strengths in components and finished consumer products. It has separate CEOs for major business divisions, including semiconductors, all under the broader leadership of third-generation corporate heir and chairman Lee Jae-yong.
It wasn’t immediately clear who would step in as Han’s successor.
Jaguar Land Rover to layoff thousands of jobs in $2.3 billion cost-saving overhaul
The luxury carmaker is targeting £1.7 billion ($2.3 billion) in savings as it faces Chinese competition, a cyberattack and U.S. tariffs.
Japan's foreign reserves drop by a record $80 billion in August following yen intervention
Finance ministry data showed that Japan's official foreign reserves stand at $1.207 trillion, down from July's figure of $1.287 trillion.
CNBC Daily Open: Germany's right wins, Ukraine's stalemate and air travel incidents
Germany's right-wing party makes historic gains, Trump's envoys make little progress in Russia or Ukraine, and air travel is disrupted across the globe.
China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections
With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.
