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LX owner family speeds up management succession

Koo Hyung-mo, the eldest son of LX Holdings Chairman Koo Bon-joon and head of the management planning division, has significantly expanded his presence at the firm over the past year, according to industry officials Wednesday. At the end of last year, he received 11 percent of the chairman s company stocks, and was quickly promoted. The officials believe the management succession will speed up even more in the near future. ....

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