LG Group Chairman Koo Kwang-mo steps down as LG Corp. board chair after eight years, with an outside director expected to replace him as part of group-wide governance reforms aimed at enhancing board independence and transparency across major affiliates.
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'Enhancing Board Independence and Transparency' - Koo Kwang-mo Steps Down as Board Chairman
LG Group Chairman Koo Kwang-mo steps down as LG Corp. board chairman after eight years, with an outside director expected to replace him as part of group-wide efforts to enhance board independence and transparency. The move aligns with recent changes at major LG affiliates, where outside directors have been appointed as board chairmen to strengthen minority shareholder rights and improve governance amid evolving legal frameworks. Chairman Koo pledged to clarify investment priorities and advance AI capabilities to secure leading technological competitiveness for sustainable growth.
LG Group Chairman Koo Kwang-mo's total compensation fell to 7.1 billion won in 2024, down 1 billion won year-over-year as bonuses declined, while Vice Chairman Kwon Bong-seok received 2.8 billion won, according to LG Corp.'s business report disclosure.
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LG Chairman Koo Kwang-mo's Compensation Falls to 7.1 Billion Won in 2024
LG Group Chairman Koo Kwang-mo's total compensation fell to 7.1 billion won in 2024, down 1 billion won year-over-year as bonuses declined, while Vice Chairman Kwon Bong-seok received 2.8 billion won, according to LG Corp.'s business report disclosure.
LX Group will acquire the LG Gwanghwamun Building from LG Corp. for 512 billion won ($375 million), strengthening its headquarters presence as part of a major asset transaction in Seoul’s commercial real estate market.
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'Beom-LG Family' LX Group Acquires LG Gwanghwamun Building in 512 Billion Won Deal
LX Group will acquire the LG Gwanghwamun Building from LG Corp. for 512 billion won ($375 million), strengthening its headquarters presence as part of a major asset transaction in Seoul’s commercial real estate market.
LG Corp. to Cancel 250 Billion Won in Treasury Shares—Halving Its Holdings
LG Corp. will cancel 250 billion won ($185 million) in treasury shares—halving its holdings—to enhance shareholder value, with the cancellation set for September 4.
LG Corp. to Cancel Split Shares, Plans for Remaining Treasury Stocks
LG Corp. to cancel fractional shares from LX Group spin-off, plans to cancel remaining 500 billion won treasury stocks by next year, aiming to enhance shareholder value through capital reduction.
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