Han Jong-hee, the CEO of Samsung, passed away at age 63.

 

He is survived by his wife and three children. He died after a heart attack.Many people think that Han was instrumental in transforming Samsung.

Into the multinational technological behemoth it is today, surpassing major competitors like Sony along the way. With a market valuation of $261.52 billion,

It is presently the 41st most valuable public business in the world; however, from its high in January 2021, when Samsung was valued at $553 billion, the value has more than halved.

According to Reuters, the company has fallen behind in the market as a result of poor chips and poor AI performance in comparison to its close competitors in the technological sector.

Apple has surpassed Samsung in the smartphone industry, but Samsung is still one of the top three competitors, along with Google.

Following the announcement of Han’s death, the company’s shares did drop by 0.5%, but they have since somewhat recovered,

 

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