S. Korea's LG Group Chairman Dies
Mohammad Ali (@ChaudhryMAli88) Published May 20, 2018 | 09:10 AM
Seoul, (APP - UrduPoint / Pakistan Point News - 20th May, 2018 ) :The chairman of South Korean conglomerate LG Group has died, company officials said Sunday. He was 73. Koo Bon-moo is credited with expanding the business empire -- centred around consumer electronics, displays and chemicals -- founded by his grandfather in 1947.
During Koo's more than 20 years as top executive, sales increased dramatically, with LG Group posting 160 trillion won (US$148 billion) in sales last year, up from around 30 trillion won in 1994.
The entrepreneur was hospitalised last week after earlier undergoing brain surgery, but rejected life-prolonging treatments, Yonhap news agency cited company officials as saying. Koo reportedly requested his adopted son, Koo Kwang-mo, succeed him to lead the family-controlled conglomerate.
The 40-year-old is the eldest son of Koo's younger brother but was adopted by the entrepreneur in 2004 after he lost his own son in a car accident in the 1990s.
Recent Stories
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
More Stories From World
-
Bangladesh children sweat at home as heatwave shuts schools
5 minutes ago -
Iconic shared Olympic gold moment will not be repeated, says Barshim
6 minutes ago -
Bangladesh children sweat at home as heatwave shuts schools
36 minutes ago -
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leave after 20 years of ..
56 minutes ago -
Golf: PGA Zurich Classic of New Orleans scores
1 hour ago -
Slot 'confident' of Liverpool job as 'negotiations' take place
7 hours ago
-
Google parent Alphabet's Q1 profits beat estimates: company
7 hours ago -
WADA asks 'independent prosecutor' to examine Chinese swimmers case
7 hours ago -
New York court overturns Harvey Weinstein sex crime conviction
7 hours ago -
Bagnaia and Spanish rivals chase victory at Jerez
9 hours ago -
Russian, Ukrainian strikes kill at least 10 in frontline regions
9 hours ago -
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
9 hours ago