South Korean electronics conglomerate LG Group announced this morning that the company’s longtime chairman Koo Bon-Moo has passed away at 73. Koo’s death follows a year-long battle with brain disease, for which he had undergone surgery, according to Reuters.
The executive stepped into the role in 1995 and served as a driving force in establishing LG as an electronics powerhouse. His tenure focused on electronics, chemicals and telecom, and Koo also oversaw the company’s transition from Lucky Goldstar to the more streamlined LG, a name change that occurred the year he took power.
Bloomberg notes that the company more than quintupled sales under Koo’s near quarter-century tenure atop LG.
Koo Kwang-mo, the late-executive’s adopted son, is expect to…