By Kim Bo-eun
LG Group said Friday that two aunts of Chairman Koo Kwang-mo will sell a cleaning service firm they own after a controversy brewed over the dismissal of the company s workers.
The cleaning service firm Jisu Inc is owned by the late LG Group Honorary Chairman Koo Cha-kyung s two daughters, who each hold 50 percent of its shares. The company is not affiliated with LG.
LG stated the owners will sell the firm, to settle a controversy over LG prioritizing the company in outsourcing cleaning services. The owners will seek to swiftly sell the company to another that will be able to offer quality services to client firms and stable employment to workers, LG said in a statement.
Agility, core strengths: 2021 keywords for Samsung, SK, LG, Hyundai
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LG undergoing fundamental changes, riding on EV momentum
Posted : 2020-12-30 13:35
Updated : 2020-12-30 17:21
LG Group Chairman Koo Kwang-mo, right, inspects the design of a clothing storage unit set up inside a connected car model at LG Electronics research and development center in Seoul, Feb. 18. / Courtesy of LG Corp.
By Baek Byung-yeul
LG Group is undergoing fundamental changes in its business operations as its affiliates have been riding on the back of the rapidly growing electric vehicle (EV) industry. Though LG has been broadly known as a consumer goods manufacturing business group, the conglomerate is now transforming itself into a core partner in the global EV supply chain, industry officials and analysts said Monday.
Chaebol see leadership change in COVID-19 era
Samsung, Hyundai Motor welcome 3rd-generation scions to top post |
(From left) Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Group Chairman Chung Euisun, SK Group Chairman Chey Tae-won, and LG Group Chairman Koo Kwang-mo.
Overwhelmed by the unprecedented COVID-19 pandemic this year, South Korea’s conglomerates have gone all-out to overhaul their business structures in light of the crisis.
Additionally, key groups embraced leadership changes, with third or fourth-generation scions officially taking the front line, and appointed young talents to strategic posts signaling a new generation cycle in the business realm.
Stepping into the spotlight was Lee Jae-yong, chief of the No. 1 conglomerate Samsung Group and vice chairman of flagship Samsung Electronics, who officially succeeded to the throne when Chairman Lee Kun-hee died in October after several secluded years on his sickbed.
Posted : 2020-12-28 15:50
Updated : 2020-12-28 17:58
LG Group Chairman Koo Kwang-mo, right, looks at an EV battery model under development in this file photo. / Courtesy of LG
By Kim Bo-eun
LG Group has identified key areas of focus as it enters a tougher business environment next year.
In a recent meeting with CEOs of major affiliates, LG Group Chairman Koo Kwang-mo presented quality, safety and environment as the group s next year core initiatives, according to LG, Monday. Let each of the members of the group work with a sense of responsibility that LG products are those used by my family members and LG is where my family members work, Koo was quoted as saying at the meeting in a press release by the group.
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