Han Jong-hee, CEO and vice chairman of Samsung Electronics, apologized for recent declines in stock prices on Wednesday and vowed to make constant efforts to regain market leadership.

Samsung shareholders had slammed the company's management at a meeting for poor stock performance and asked for measures to revive the share prices.

Samsung Electronics noted that it is seeking major deals to drive growth as it faced tough questions from shareholders at its AGM.

CEO hints at ‘meaningful’ M&A deal this year to boost AI chip business SUWON, Gyeonggi Province — Samsung Electronics' top executives apologized to shareholders on Wednesday for the company’s poor stock performance,

“First and foremost, I sincerely apologise for the recent stock performance not meeting your expectations. Over the past year, our company failed to adequately respond to the rapidly evolving AI semiconductor market,” Samsung co-CEO Han Jong-hee said at the meeting.

Jun Young-hyun, Samsung co-CEO and head of its semiconductor business, acknowledged shareholder concerns about growth prospects for the division and pledged to shareholders that 2025 would be "the year when we recover our fundamental competitiveness".