The stock prices of LG Group’s affiliates are on the decrease under its new chairman Koo Kwang-mo. This is largely due to poor performances of its major units, such as LG Electronics Inc. and LG Display Co. The price of LG Electronics shares dropped 4.03 percent to 69,000 won (US$61.39) on the main
South Korea’s leading chemical and secondary battery maker LG Chem Ltd. is expanding its business areas to automotive components and materials by acquiring companies. LG Group has been somewhat passive in M&As, but it is now pursuing a speedy and aggressive business strategy under its new chairman K
The amount of smartphones LG U+ Corp. purchases from LG Electronics Inc. has been cut by half over the past four years. LG U+ has shown a notable movement away from LG Electronics as a result of its profit maximization strategy and the poor performance of LG Electronics in the smartphone business. A
Koo Kwang-mo took office as chairman of LG Corp., the holding company of the LG Group, on June 29 at the age of 40. In 2006, Koo joined LG Electronics as an assistant manager of the company's financial division and has since worked for 12 years. By becoming the chairman of LG Corp., he took the
LG Electronics established a venture capital firm in Silicon Valley last month. LG Technology Ventures is virtually the first venture capital firm ever set up by the LG Group. The establishment of the company is seen as reflecting the group’s efforts to discover future growth engines under a new cha
The inauguration ofthe LG Group's fourth-generation owner system is just one month away. In the Korean business world, there is a growing interest in the big picture the LG Group will create following the death of the late chairman Koo Bon-moo.The attention is focused on Koo Kwang-mo, an executi
LG Group chairman Koo Bon-moo is hospitalized at Seoul National University Hospital and his family members and close relatives are making visits, signaling that he is in a critical condition. His brother Koo Bon-neung, chairman of Heesung Group, and his daughter-in-law are reported to have stayed at