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Message : Required fields SEOUL/BENGALURU (Reuters) - U.S.-based hedge fund Whitebox Advisors LLC publicly opposed a spin-off plan by South Korea s LG Corp, saying the plan sacrifices minority shareholder return in order to resolve a family succession issue . LG Corp said in November it would spin off five affiliates into a new holding company next year, the latest reorganisation at one of South Korea s family-led conglomerates as they pass to a new generation of leaders. Analysts expected the new holding firm, to be headed by Koo Bon-joon, a son of LG s founder, will eventually be separated from LG Corp. LG Corp itself is led by Koo Bon-joon s nephew Koo Kwang-mo, who took over as LG Group chairman in 2018 after his father died.

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