LG Group Chairman Passes Away

LG Group chairman Koo Bon-moo passed away at the Seoul National University Hospital at 9:52 a.m., May 20. He led the group for 23 years as the third chairman of the group following founder and his grandfather Koo In-hoe and his father Koo Ja-kyung. The cause of his death is a brain tumor.

The Korean business community expressed its sorrow. “He was the man who turned LG into a global business leader and it is so sad to lose him at this time of national economic crisis,” said the Korea Chamber of Commerce and Industry.

“The chairman, who fought his illness for one year, refused to receive any life-sustaining treatment before passing away in peace in the bosom of his family,” the LG Group said, adding, “The three-day funeral will be private by his will.”

He went through brain surgeries in April and December last year due to his glioblastoma, which is a type of brain tumor. He was healthy after the first surgery. In September, he visited the LG Science Park construction site located in the Magok District in Seoul. Also, in November, he attended a press conference hosted by the LG Evergreen Foundation. However, his health deteriorated rapidly after the second surgery.