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Family Split at LG, a South Korean Giant, Tests Corporate Succession

Por: The New York Times Business December 19, 2023

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When Koo Bon-moo, chairman of South Korean conglomerate LG, died in 2018, there wasn’t much question, at least publicly, of who would next preside over the company.LG, a $10 billion corporate empire, is governed by the principle of male primogeniture. Succession was effectively settled 14 years earlier when Mr. Koo and his wife adopted their eldest nephew, Koo Kwang-mo. The adoption was necessitated by tragedy and tradition after the... + full article



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