Koo Bon-Moo

Koo Bon-Moo

Korean entrepreneur, businessman, head of the global organization "LG Group"
Country: South Korea

  1. Biography of Koo Bon-Mo
  2. Leadership of LG Group
  3. Philanthropy and Other Ventures
  4. Success and Recognition
  5. Passing of the Chairman

Biography of Koo Bon-Mo

Koo Bon-Mo is a renowned Korean entrepreneur, successful businessman, and the chairman of the global organization LG Group. He was born in Korea and his main role is leading the LG Group, which was established in 1947 as GoldStar, a company supplying household appliances. Later, the organization merged with the chemical company Lucky. After the merger, some of the company's products were released under the GoldStar brand, while others were adorned with the Lucky logo.

Leadership of LG Group

Koo Bon-Mo's primary responsibility is overseeing the operations of LG Group, a large South Korean conglomerate that manufactures electronics, mobile phones, petrochemical products, and manages numerous subsidiaries including LG Electronics, LG Telecom, Zenith Electronics, and LG Chem. The company operates in eighty countries worldwide, supplying a diverse range of products. LG not only independently expands into new areas of business but also collaborates with leading organizations such as Hitachi.

Philanthropy and Other Ventures

In addition to his business endeavors, Koo Bon-Mo occasionally engages in philanthropy, like many other active and affluent individuals of our time. LG Group owns the Twins baseball club, which was acquired in 1989, and is involved in ventures such as the Chocolate series of mobile phones and the television company Zenith, acquired in 1999.

Success and Recognition

Koo Bon-Mo is a famous Korean entrepreneur, successful businessman, and billionaire. His estimated net worth is approximately $1.45 billion, according to Forbes, a renowned economic magazine that has recognized him as one of the most influential and wealthy individuals on the planet.

Passing of the Chairman

On May 20, 2018, it was announced that Koo Bon-Mo, the chairman of the board and de facto leader of LG Group, had passed away. The temporary leadership of the corporation was entrusted to his younger brother and vice chairman, Koo Bon-Joon. It is likely that Koo Bon-Mo's adopted son will become the new head of LG.