page contents ​LG chairman Koo Bon-moo dies – The News Headline

​LG chairman Koo Bon-moo dies

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LG Chairman Koo Bon-moo, 73, was once instrumental in turning the conglomerate into a world era powerhouse.

LG Staff chairman Koo Bon-moo, the boss of the South Korean conglomerate which runs LG Electronics and LG Show, died Sunday, the corporate showed.

He gave up the ghost peacefully surrounded via circle of relatives, LG stated, after a year-long combat with illness.

He was once 73.

Koo was once hospitalized previous from failing well being due from mind tumor surgical treatment closing 12 months. LG Corp, the guardian corporate of the gang, moved to appoint his son and inheritor Kwoo Kwang-mo as an insider director previous to organize for succession.

The elder Koo was once the third-generation boss of South Korea’s fourth greatest conglomerate.

He took over the chairmanship from his father Koo Ja-kyung in 1995. The conglomerate rebranded itself to LG from Fortunate Goldstar beneath his tenure and expanded globally.

The crowd’s earnings rose from 30 trillion gained that 12 months to 160 trillion gained these days — with 110 trillion gained earned out of the country.

He was once at the back of the company’s funding in to Liquid Crystal Show (LCD) and lithium-ion batteries. LG Show these days is a number one participant in LCD and OLED panels. LG Chem is one the most important providers of electrical automobile batteries these days.

Right through his tenure, LG additionally entered the telco business and shaped subsidiary LG Uplus that may be a chief in LTE.

He wired the essential of study and building and the wish to take the lengthy view in building.

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