LG is now set to have the fourth generation of the owner family take over management . Koo Kwang - mo ( 40 ) , an executive director of LG Electronics , will follow in the footsteps of Koo In - hwoi , founder of the LG Group ; Koo Ja - kyung , honorary chairman ; and Koo Bon - moo and succeed management according to a family tradition of succession by the eldest son . An advisory board of the chief executive officers of the group ' s major subsidiaries is expected to be very busy as it will handle Koo Kwang - mo ' s succession of management and assist him in building his capacity as a leader . Koo Bon - joon , vice chairman of LG Corp . , who had managed the group , is expected to acquire some of the group ’ s businesses and go his separate way . LG held a board meeting on May 17 and decided to recommend Koo Kwang - mo as a registered director , and the company will hold an extraordinary shareholders ' meeting on June 29 to finalize this . This is a measure to make Koo ' s succession of management official . Koo ' s future position and duties will be confirmed after the shareholders ' meeting . Koo is relatively young , at just forty , and it has been less than 5 years since he was promoted to executive director in 2014 . Given this situation , most experts expect Koo to focus on the stable succession of management and on grasping the group ' s business for the time being . The LG Group owner family at the 88 th birthday party of Koo Ja - kyung ( front row third from left ) , honorary chairman of LG , in April 2012 . This is the only picture released to the public showing Koo Bon - moo ( front row left ) , chairman of LG ; Koo Bon - joon , vice chairman of LG ; Koo Kwang - mo , executive director of LG Electronics ; Koo Bon - neung ( from the second from left in the back row ) , chairman of Heesung Group ; and Koo Bon - sik ( back row second from right ) vice chairman of Heesung Group . Kyunghyang Shinmun file photoThe group ' s CEOs including Ha Hyun - hwoi , vice chairman of LG Corp . ; Park Jin - soo , vice chairman of LG Chem ; Han Sang - beom , vice chairman of LG Display ; Cha Suk - yong , vice chairman of LG Household & Health Care ; Kwon Young - soo , vice chairman of LG Uplus ; and Jo Seong - jin , vice chairman of LG Electronics are expected to assist Koo during the succession of management . Koo Kwang - mo owns 6 . 24 % of the shares of LG Corp . and he will have to pay nearly 1 trillion won in taxes in order to inherit all of the shares owned by the late Koo Bon - moo ( 11 . 28 %) and by his biological father , Koo Bon - neung ( 3 . 45 %), chairman of Heesung Group . Koo is the son of Koo Bon - neung , the younger brother of Koo Bon - moo , but was designated as the successor to LG when he was adopted by Koo Bon - moo in 2004 . Koo Kwang - mo graduated from Kyungbok Elementary School and Youngdong High School in Seoul and graduated from the Rochester Institute of Technology in the U . S . In 2006 , Koo joined LG Electronics as an assistant manager of finance . He was part of the advanced product planning team in the Home Entertainment Company after a stint in New Jersey , and ran the Changwon plant of the Home Appliance Company . This year , Koo began working as the head of the information display division in the B 2 B Company , cited as the future “ fuel ” of LG Electronics . Most speak of Koo as " modest and easygoing , " but some experts point out that he has yet to show any notable achievements . Meanwhile , eyes are also on Koo Bon - joon , vice chairman of LG and the younger brother of the late chairman , and on what role he will play in the future . Koo Bon - joon had practically managed the group for the past year on behalf of the chairman , but there is no possibility of him running the group from “ behind the curtains ” according to the family ' s tradition of succession by the eldest son . Reportedly , the Koo family have already agreed on the succession of management . This reaffirms the principle established by the group ' s founder Koo In - hwoi , who stated that once the succession process began , the brothers of the previous generation should step down from management to prevent any disputes over management . In the business world , people believe that Koo Bon - joon may acquire some of the businesses owned by LG Group and leave the group . Koo may take over some of the business by trading his shares of LG Corp . ( 7 . 72 %) with shares of LG subsidiaries . This was how Koo Bon - neung , the younger son of honorary chairman Koo Ja - kyung , left the group and established his own Heesung group . In the business circle , LG International and the biotechnology division of LG Chem are cited as possible candidates . ▶ [ 경향 비즈 바로 가 기 ] , 경향 비즈 SNS [ 페이스북 ] ▶ [ 인기 무료 만화 보 기 ] [ © 경향신문 ( www . khan . co . kr ) , 무단 전재 및 재 배포 금지 ]