S.Korea's LG Group chairman dies from illness at 73 - News Summed Up

S.Korea's LG Group chairman dies from illness at 73


SEOUL: The chairman of South Korea's LG Group, Koo Bon-moo, instrumental in transforming the country's fourth-largest conglomerate into a global brand, passed away on Sunday after a year-long battle with brain disease. LG Group said in a statement Koo, 73, had been ill for a year. Major affiliates are LG Electronics Inc, display maker LG Display and electric car battery maker LG Chem. Prior to its chairman's death, LG Group had established a holding company in order to streamline ownership structure and begin the process of succession. DAP assemblymen were appointed as the Chief Minister, Deputy Chief Minister II and the six executive councillor posts.


Source: New Strait Times May 20, 2018 08:48 UTC



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