LG Chair Koo Bon-Moo Dies, Leaves Company to Adopted Son

Koo Bon-moo, the chairman of South Korea’s fourth-largest conglomerate who transformed a local producer of cheap appliances into a global tech and chemical powerhouse over two decades, has died. Koo died Sunday at 9:52 a.m. Seoul time as he opted not to be on life support after being ill for over a year, according to LG Group in an emailed statement. The patriarch is expected to be succeeded by his adopted son, Koo Kwang-mo, 40, who was nominated to the board of LG Corp. on Thursday pending the approval of shareholders on June 29.