Koo Bon-moo

Koo Bon-moo (Korean: 구본무; 10 February 1945 – 20 May 2018) was a South Korean business executive, who gained worldwide fame as the renamer and business executive of the LG Group.

Koo Bon-moo
구본무
Koo Bon-Moo profile.jpg
Koo in 2013
Born(1945-02-10)10 February 1945
Died20 May 2018(2018-05-20) (aged 73)
Seoul, South Korea
NationalitySouth Korean
Alma materYonsei University
Ashland University
Cleveland State University
Years active1974–2016
TitleChairman of LG Group (1995–2018)
PredecessorKoo Cha-kyung (father)
(1926–2019)
SuccessorKoo Kwang-mo (son)

Early lifeEdit

Born on 10 February 1945 in Jinju, South Gyeongsang Province,[1][2] Koo enrolled at Yonsei University.[3][4] He moved to Ohio and completed his bachelor's and master's degrees at Ashland University and Cleveland State University, respectively.[2][4]

Business careerEdit

Upon graduation from Cleveland State University, Koo returned to South Korea in 1975 and began working for Lucky Chemical, which later became LG Chem. He was transferred to GoldStar in 1980, and from 1983 to 1985, headed the company's Tokyo office.[3] In 1995, Koo succeeded his father Koo Cha-kyung, the oldest son of LG's founder Koo In-hwoi[4] as chairman of LG Group because of ""first son-only” succession rule".[5] Koo Bon-moo adopted his nephew Koo Kwang-mo in 2004, after losing his only son in 1994.[6] Starting in 2017, Koo Bon-moo sought continual treatment for a brain tumor. He refused life extension, and died in Seoul on 20 May 2018, aged 73.[7][8]

ReferencesEdit

  1. ^ "Koo Bon-moo". The Investor. Retrieved 20 May 2018.
  2. ^ a b "LG Group leader puts talent first". JoongAng Daily. 22 January 2011. Retrieved 20 May 2018.
  3. ^ a b "Koo Bon-moo brought LG into 21st century". JoongAng Daily. 21 May 2018. Retrieved 21 May 2018.
  4. ^ a b c Song, Su-hyun (20 May 2018). "Koo Bon-moo, chairman of LG Group, dies at 73". Korea Herald. Retrieved 20 May 2018.
  5. ^ Ji-yoon, Lee (10 July 2018). "LG's Koo Bon-joon prepares to depart". The Investor. Retrieved 8 May 2019.
  6. ^ Kim, Hooyeon; Park, Kyunghee (20 May 2018). "LG Chair Koo Bon-Moo Dies, Leaves Company to Adopted Son". Bloomberg. Retrieved 20 May 2018.
  7. ^ "LG Chairman Koo Bon-moo dies". Korea Times. 20 May 2018. Retrieved 20 May 2018.
  8. ^ Chung, Jane; Park, Ju-min (20 May 2018). "South Korea's LG Group chairman dies from illness at 73". Reuters. Retrieved 20 May 2018.