Businessmen , politicians pay respects to late LG chairman SEOUL , May 21 ( Yonhap ) -- Prominent South Korean businessmen and politicians paid their respects to late LG Group Chairman Koo Bon - moo on Monday , expressing their condolences to family members of the deceased . Koo died on Sunday at the age of 73 , with LG Group spokespersons saying the businessman died peacefully while his family watched on . Koo had several brain surgeries earlier this year , and was recently hospitalized when his condition deteriorated . He is the grandson of the LG Group ' s founder Koo In - hwoi and had led South Korea ' s fourth largest conglomerate for more than two decades . SK Group Chairman Chey Tae - won and Hyundai Motor Group Vice Chairman Chun Eui - sun visited the funeral hall at Seoul National University Hospital earlier in the day , cherishing memories of Koo . Samsung Electronics Vice Chairman Lee Jae - yong made a visit on Sunday to express his condolences . Korea Employers Federation Chairman Sohn Kyung - shik came to meet with relatives and described the late tycoon as a " big star " for the country ' s economy . Former United Nations Secretary General Ban Ki - moon paid tribute to the late chairman , saying Koo left many great examples for local companies . Key LG officials , including LG Electronics CEO Jo Seong - jin , LG Display CEO Han Sang - beom and LG Chem CEO Park Jin - soo , visited the funeral hall . Koo is survived by his wife , two daughters and 40 - year - old adopted son Koo Kwang - mo , who is seen as the heir to the LG conglomerate . LG Group said the late chairman will be taken to an undisclosed burial place on Tuesday . The photo of late LG chairman , Koo Bon - moo , at a funeral hall at Seoul National University Hospital on May 20 , 2018 . The tycoon died on the same day at the age of 73 . ( Yonhap ) colin @ yna . co . kr ( END )