Ku Kwan-mo (Koo Kwang-mo)

Ku Kwan-mo (Koo Kwang-mo)

Ku Kwan-mo was born in 1978 in South Korea.

Education

Ku Kwan-mo studied Rochester Institute of Technology.

Biography

2006

Ku Kwan-mo joined LG Group in 2006, having started the career in financial division of LG Electronics. Afterwards it passed into the American representative office of LG Electronics and worked at manufacturing enterprise in a southeast part of South Korea.

2018: Appointment of LG Group as the head

On June 29, 2018 Ku Kwan-mo is appointed the CEO of LG Group holding instead of the father Ku Bon Mu who died in May. Thus, in family conglomerate the tradition of transfer of power from the father to the son is carried on — in a case with Ku it is about fourth generation.

I am going to increase growth rate of assets of LG. If there are any areas which need changes, I will make everything for their improvement and I will use the best efforts to create a basis for growth of holding in the long term — Ku Kwan-mo whose nomination of the head of LG was supported at shareholder meeting said.

Before the appointment Ku owned 6.24% of stocks of LG, and then to it the 11.28 percent share of the father Ku Bon Mu departed. As a result the son became the largest shareholder of holding. Also it has a younger brother Koo Bon-joon at the disposal of whom 7.72% of securities appear.

As notes the news agency Yonhap, in South Korea for the first time occurred so that the great-grandson of the founder headed one of ten the conglomerates, largest in the country. LG Group is considered the fourth in value holding in South Korea.

According to the statement of LG, 40-year-old Ku Kwan-mo will be focused on preparation of corporation for the future, investment into human resources and "morally correct management". In the work it will closely interact with heads of subsidiary companies. The vice president of LG Ha Hyun-hoy (Ha Hyun-Hoi) will assist in management of holding.

It is supposed that in terms of technologies the new head of LG will focus on development of artificial intelligence, Internet of Things and robots.^[1]

Notes