LG Group Heir Elevated to Board

  • By Jeon Soo-yong

    May 18, 2018 13:27

    LG heir Koo Kwang-mo has been appointed to the board of the conglomerate to prepare for his succession.

    He was adopted by his uncle, LG Group chairman Koo Bon-moo, from his younger brother Koo Bon-neung in 2004 after his real son suddenly died in an accident in 1994.

    The appointment is expected to be finalized at an extraordinary shareholders' meeting next month as Koo senior is critically ill in hospital.

    The LG Group owner family including chairman Koo Bon-moo (left on front row) and his son Koo Kwang-mo (in dotted circle) celebrate the 88th birthday of the group's founder Koo Ja-kyung (center on front row) in April 2012 (file photo).

    At 40, Koo junior is the third-largest shareholder of de facto holding company LG Corp. after his adoptive father and his other uncle and vice chairman Koo Bon-joon.

    The younger Koo joined LG Electronics in 2006 and also worked for the conglomerate's subsidiary in New Jersey. He was promoted to managing director of LG Corp. in 2015.  

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