May 18, 2018 13:27
LG heir Koo Gwang-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.
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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