SEOUL, Nov. 26 (Korea Bizwire) — LG Group decided Thursday to set up another holding company as the country’s fourth largest conglomerate prepares for a split-off of multiple affiliates. LG Group said the new holding company will have LG International Corp., LG Hausys Ltd., LG MMA Corp. and Silicon Works Co. under its umbrella, and [...]
SEOUL, Nov. 16 (Korea Bizwire) — LG Group is likely to spin off multiple affiliates, people familiar with the matter said Monday, with an uncle of the conglomerate’s chief taking the leadership of the spun-off companies. Koo Bon-joon, an uncle of current LG Group Chairman Koo Kwang-mo and a younger brother of late LG Group [...]
SEOUL, Sept. 13 (Korea Bizwire) — LG Group, South Korea’s fourth-largest conglomerate, said Sunday it has formed a research consortium with global partners to discover high-performance materials with artificial intelligence (AI) and robot technologies. LG Science Park, the research and development (R&D) hub of LG Group in Seoul, joined hands with French energy firm Total [...]
SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Group’s heir apparent met with the head of LG Group in the latest move to discuss cooperation in the electric vehicle (EV) battery business, Hyundai Motor said Monday. Hyundai Motor Group Executive Vice Chairman Chung Euisun and LG Group Chairman Koo Gwang-mo discussed how to cooperate on [...]
SEOUL, June 19 (Korea Bizwire) — The heads of Hyundai Motor Group and LG Group, South Korea’s two major conglomerates, will meet next week to discuss expanded cooperation in the electric vehicle business, a person familiar with the matter said Friday. Hyundai Motor Group Executive Vice Chairman Chung Euisun is set to discuss an expanded [...]
SEOUL, May 21 (Korea Bizwire) — Following the death of the late LG Group Chairman Koo Bon-moo, his adopted son, Koo Kwang-mo, is set to take the helm of the family-controlled conglomerate in line with the conglomerate’s long held tradition. The late entrepreneur, who also had two daughters, adopted Koo Kwang-mo from his younger brother [...]
SEOUL, May 21 (Korea Bizwire) – LG Group Chairman Koo Bon-moo, who led South Korea’s fourth-largest conglomerate, has died in Seoul, the company said Sunday. He was 73. An official from LG Group said Koo died peacefully while his family was watching. Koo had several brain surgeries earlier this year, and was recently hospitalized when [...]
SEOUL, April 20 (Korea Bizwire) – South Korea’s technology and chemical conglomerate LG Group said Friday it launched a new research complex in western Seoul aimed at bolstering its technological capabilities. “People and technologies are the best assets in our country, which lacks natural resources,” said LG Vice Chairman Koo Bon-Joon said in a statement. “Investing in research and development projects and fostering professionals are the fundamental [...]
SEOUL, Oct. 17 (Korea Bizwire) – LG Group Chairman Koo Bon-moo on Tuesday donated 100 million won (US$88,355) to the family of a soldier who was recently killed in an accident while performing his military duty, the conglomerate said. Last month, a 22-year-old soldier surnamed Lee was hit in the head by a stray bullet [...]
SEOUL, Oct. 12 (Korea Bizwire) – Scores of children of the owners of nine conglomerates in South Korea have more than 100 billion won (US$88.2 million) worth of stocks in related companies, government data showed Thursday, amid the owners preferring the early transfer of assets to their offspring to reduce inheritance tax down the road. The amount [...]